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 > Production Guidance seems right

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Comment by bfwon Apr 18, 2023 7:47am

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Post# 35399975

RE:Production Guidance seems right

savyinvestor333 wrote: They have averaged 20475 bbls/d for the first quarter. They now expect Wassana startup in May which was supposed to be 3000 bbls/d. They now state they expect full year production to average 20000-22300.bbls/d.
20475 x 365 days =7473375 bbls
3000 x 210 days = 630000 bbls
Total Yearly Prod = 8103375 /365 = 22201 ave bbl/s per day for the year

Remember you panicked about Wassana delay being much longer than a month!

bfw

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