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 > Capex

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Comment by SlowAndSteady7on Dec 16, 2022 3:04pm

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Post# 35176550

RE:Capex

Rossukon Development plan: ~$26M ($60M @ 43% WI)
MOPU final payment $5M
Aquisition final payment $4.4M
5 infill wells for Wasanna
19 infill wells for Jasmine (over 3 years, so assume 6 in CY23)
12 new wells for Nong Yao
New MOPU for Nong Yao
New Appraisal cost.
180 Thai Staff.
Regular G&A (lawyers, CxOs, accountants, TSX listing fees, etc....)

Stuff adds up fast for something of this scale that is doing forward development expenses.