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

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Comment by bigreturn11on Dec 27, 2017 8:43pm

198 Views

Post# 27234934

RE:TAT New York versus VLE

TAT enterprise value is $245M CDN

$162M ($1.80 x 90M outstanding).
Liabilities of ~$82M

They'll ride on VLE's coat tails....and they deserve that but the EV is probably a bit high given that VLE has the mega partner, a couple yrs ahead, less debt and an EV of ~$380M.

I think the TAT/TNP EV should be 60% or less of VLEs EV to make it a sound investment than VLE.

$1.60 or less = no brainer if VLE is trading at $4.80.

At $1.80 I'd have a second look in my opinion.....VLE may be the stronger bet.

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