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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 Dec 16, 2022 2:46pm
236 Views
Post# 35176489

Capex

CapexOnly 3-4 wells drilled will be drilled in these new assets in 2023.

Thats because Mubby has already drilled 9 infill wells to date in 2022 and was planning just 3 wells or so in 2023.
From then on forward to 2026 , about 4 per infill wells.

Development  / appraisal wells will be drilled at Nong Yao on the flank of the Nattani Trogh beginning in 2024.
None of these wells are particularly expensive .

My calculations left $84 million US per year for a variety of expenses including sustaining capex.

Of course, we have the KE assets providing rich cash flows which were excluded from my analyses.

Note that those who critizize , including The Child and his Playmate, do not offer to provide their calculations .
Bashers never do,,
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