Valeura Energy Inc T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

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 field) and G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 2,935 barrels per day (bbls/d) of medium-weight sweet crude oil. The Company holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin. The Company also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.

TSX:VLE - Post by User

Valeura Energy Inc

Bullboard Posts

Post by Public_Heelon May 16, 2016 5:03pm

194 Views

Post# 24878629

Playing with numbers

What's the minimum this is worth to VLE? They get $6m for back expenses and a $10m break fee. They also effectively get half of the $10m minimum capex spend. So let's say $21m in all. That's C$27m, or C$0.46/share.

I guess you could say that some of that 46 cents was already in the stock price. although I wouldn't say so myself. What's really impressive is that, in world full of mouth-watering bargains, Statoil chose this one.

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