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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 goldwatch69on Mar 26, 2023 7:45am
205 Views
Post# 35361063

RE:RE:RE:RE:RE:RE:Thursday Morning Preview

RE:RE:RE:RE:RE:RE:Thursday Morning PreviewGuys, the y can mention anything in the MD&A. No doubt they will mention their current working capital.  It's a must to plan ahead. About cash flow and earnings, you can't declare cash flow that occurred prior to the closing date of an acquisition.  It was important to get it closed in time for Q1. So glad it happened.  The accumulated cash will not show as earnings.  It will be treated as an asset as part of the acquisition and will show up in the Balance Sheet. I look forward to the Annual report as it will bo doubt have a lot if what we are all looking for in the discussion I.e. MD&A. I'm hoping it's not delayed as they have a lot of numbers to crunch. End of month window dressing is on us and end of month is next Friday.  Institutions could start piling in if they like what they see. I don't see why they wouldn't. No debt, a working low cost operation, piles of cash, incredible extendable assets, excellent management with more acquisitions likely and a CA$4 a share annual free cash flow happening basically now. This is no longer a startup nor a speculative buy. Good luck to us all!
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