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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

Comment by SMlachakeon Jan 14, 2023 1:44pm
206 Views
Post# 35223345

RE:RE:RE:RE:Potential yield.

RE:RE:RE:RE:Potential yield.These are the key points many are missing. The tax credits from KE, net cash in bank post acquisition and 21000bpd production is current VLE state. Combined with the fact that they have been making about US$ 30M a month for the last 4 months already, gives this company a serious foundation to make some major moves to shore holder's value. I don't think buyback will be as efficient, imo, sp is going to adjust upwards very soon, but that would work as well, SG did hint at a divided (said he can see the board considering one) thats why I expect one sooner than latter. Everything will sink in when the deal is closed and company come out with real numbers for cash, tax credit, cashflow, reserves and production. It's crazy to think that Thrace is also still out there as a potentially bigger value wildcard if a major signs to fund unlocking that gas. What effect would that have on sp?..
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