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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Post by energeeon Feb 20, 2021 11:11pm

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Post# 32620476

Refresh on Valuation

From public data:

CDN cash today of ~ $38MM
If they sell the legacy producing assets in Turkey and close in Q1 2021 according to their plan, add ~$19MM CDN after closing costs.
They need to close this sale, as they haave said.
Total cash post-closing could be ~ $57MM CDN, assuming no other CAPEX being spent.
Share value based on cash only (if they close the deal) $57MM/86.6MM shares (Basic) is $0.66 CDN per share
M&A deals (if they get an accretive deal) and NAFTA ruling et al is additive

JMO

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