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

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Post by Doubleneedon Feb 23, 2023 8:43pm

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Post# 35302415

I am all in

In my speculative account, I am all in and leveraged in VLE. I am bullish on oil for at least 5 years which will be required to reinvest in oil development to meet the demand. Vle has the best leverage. When you produce 20,000 bd, $200M in decomissioning spread over 5 years would be $5 per barrel .

My account took a hit in this downdraft, but I sold other oilers and add more.

With Wassana still not on line we must be doing 18,500 bd net to Valeura, so about 75 cents per share per quarter less taxes and capex.

Yep, I like it.

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