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 > Potential yield.

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Comment by DocPaton Jan 12, 2023 8:22pm

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Post# 35219984

RE:Potential yield.

If you look at Vermilion (VET) they now have a $0.10 monthly divvy .. Their production is about 3 X ours but they also have twice as many shares outstanding.

And so with the proceeds of some $US80 - 100 million on closing, if Dr. Guest can pull another rabbit out of the hat, we could have very similar production to share ratio as VLE and so the divvy could be north of a buck annually ..

With that said, I think the market would appreciate some restraint while looking forward to getting their hands on some cash after a long wait. I think an annual dividend of $0.60/share (Or a nickle a month) would make everyone very happy .. Including Me!!))

Doc

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