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 > Something's Brewing

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Comment by SMlachakeon Mar 17, 2023 2:57pm

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Post# 35345707

RE:RE:RE:Something's Brewing

The fundamentals don't support low oil price even milt the assumed mild recession. Average oil price for 2023 is still very healthy for these assets as they are flowing at about $22 pb. Couple that with a tax credit facility and you start to realize this is a really good deal regardless.. just in case you want to see who else is bullish about oil while others may be fearful?

https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-banking-crisis-occidental-petroleum-energy-stocks-2023-3

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