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 > Brent at $88.58

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Post by nozzpackon Jan 27, 2023 6:58am

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Post# 35249629

Brent at $88.58

We have remained, on average, at or above the $85 Brent price on which Valeura is to receive $12 million US per month in after tax free cash funds since Aug 31/22 until the Mubby deal is closed.

That will amount to $60 million US at exit January 31, early next week.

At current exchange , that's $80 million CAD, or very close to $1 per share.

At closure, later in February, that cash lode will be worth $ 1 per share.

So, at current shorted pricing, you can buy 25000 bpd produciton for less than $1.50 per share