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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 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

Post by nozzpackon Jun 03, 2022 12:10pm
162 Views
Post# 34729818

Unlocking Asset Value

Unlocking Asset Value

 


As most astute investors would know , when two or more assets are owned by the same company, the market will give these assets a discounted value.

That is, the composite value is less than the sum of the value of the  individual assets.

There will be substantial  Growth opportunities starting in 2023 through access to an additional aggregate 13.3 mmboe of 2C contingent unrisked resources including 5.0 mmbbls of oil at the undeveloped Rossukon oil field.

Indivdually, there is significant variability in the absolute prospectivity of  parts of this field .

Of course, being the operator, the assembled team in the SPA will assume the overall responsibility.

But, one could foresee that the field could be more quickly brought to production by focussing on the more intensely drilled areas.

This might leave opportunities for VLE to spin out a portion of Rossukan field to be explored and developed by a new listed NewCo , with VLE retaining , say, 30% WI, and the rest on a Prorata basis to VLE shareholders.

Just a thought.....

This would not only unlock the value of Rossukan resources but also bring the entire field to full production

 

 

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