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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 Carbonbullon Feb 23, 2023 6:28pm
200 Views
Post# 35302211

RE:RE:RE:RE:Big Move, Low Volume

RE:RE:RE:RE:Big Move, Low VolumeSpoke with the reseach analyst at research , gathered a little more information on what he built his model on , there is nothing on future use of cash incorporated. Wheter it is returned or plowed into more accretive deals is not that relevant in early days. It is relevant in judging terminal value. Production and cash flow in juniors is notouriosly undervaled , KEI a perfect example ,, where it is even difficult to get value for proven undeveloped ....an ideal merger would be the two combined , instantly catapualt to a midsize with a diverse production base and more then 40,000 boe/d exit 2023. if cash generated in VLE turned into accelerated drill program that number could be well north of 50,000 BOE/D.......the catalyst to value will be through M&A for both names ,,,or an old fashioned take out ,,,,there is a need for a producing oil exploration name that doesnt require bank financing ...so maybe throw JHI into the mix and watch the price explode ....potential to create  best performing mid cap for at least a decade .....so many oppurtunities ,not enough money.
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