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.

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Valeura Energy Inc > Natural Gas, ZERO Debt, Surplus And Production Growth

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Comment by firstworldon Feb 20, 2021 11:50pm

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Post# 32620521

RE:Natural Gas, ZERO Debt, Surplus And Production Growth

Good numbers but poor future in a very small market with zero global access selling at 1/4 ok f the price. I gamble on VLE with deep water terminal a few hours away and pipelines to market of 500 MN a stone's throw away, selling at 3-4 times Canada price. I also love the geopolitical profile which is enviable by any measure VS Canada which is 4 the world banana regime where the elites would have us all burning dung for heat and riding bikes in - 30 C while they travel in new biz jets and limos to the spa.

stockfy wrote:
Another debt-free natural gas weighted-company is new and unknown Spartan Delta (SDE). Unlike VLE that has exposure to Turkey, SDE has exposure only to Canada.

SDE is natural-gas weighted and is currently producing about 30,000 boepd (70% gas, all sold at AECO prices).

Currently, SDE is debt-free with surplus of CAD$35 million, facts below:

https://www.globenewswire.com/news-release/2021/02/16/2176560/0/en/Spartan-Delta-Corp-Announces-Three-Strategic-Acquisitions-and-80-0-Million-Financing.html

Proforma the latest deals, SDE produces 36,000 boepd while also remaining debt-free with a significant surplus of CAD$54 million by the end of 2021, based on the latest guidance below:

https://www.globenewswire.com/news-release/2021/02/16/2176560/0/en/Spartan-Delta-Corp-Announces-Three-Strategic-Acquisitions-and-80-0-Million-Financing.html

So debt-free SDE has the strongest balance sheet while being the most undervalued Canadian nat gas weighted producer because SDE currently trades at just C$9,000 per boepd and just about 2.4 times its annual cash flow.

Insiders own about about 25%.

SDE's management team has an impeccable pedigree with very high returns from their previous 3 companies, Spartan Exploration, Spartan Oil, Spartan Energy sold to VET. My two cents.