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Bullboard - Stock Discussion Forum Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora... see more

TSX:VLE - Post Discussion

Valeura Energy Inc. > Brent now $,130 cad per barrel
View:
Post by nozzpack on Sep 19, 2023 4:42am

Brent now $,130 cad per barrel

Wassana 5000 bpd production will be grossing $6.5 million cad per day in Q4 of 2023.

Combined,, field gross will be over $30 million cad per day which is about $1 billion cad per year .

An easy double..
Comment by Suppe11 on Sep 19, 2023 5:54am
You got ahead of yourself. They will start a "transition" "sometimes" in Q4, = slow approach. The last production numbers there were something like 2300 bpd. It was the only negative part of the press release. They drilled no infills there, so why should it rise to 5000 bpd ? Realistically one can expect....maybe 1000 bpd (because they won't start 10/1) on average for Q4 ...more  
Comment by Overertune on Sep 19, 2023 8:40am
50% tax? And 200m capex?
Comment by BERationale on Sep 19, 2023 8:56am
One too many zeros but other than that the math goes around on $1bn gross a year. More importantly about $400mm in cash flow and $200- $250mm in free cash flow (75% - 100% free cash flow yield at current prices is unheard of).  GLTA... see you in the $3's
Comment by BERationale on Sep 26, 2023 11:12am
A wise man once said "see you in the $3's" ... however, they will still have a sub $100mm EV by year end (<0.5x EV/DACF) at this share price. It's going higher but too early to call a $4 handle. Wassanna news next month could push it there.  
Comment by windymayor1 on Sep 26, 2023 12:01pm
Lets not forget about the next deal!  Gotta be coming, hopefully before year end.  Last deal drove stock up over 120% on the news alone,
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