RE:Spending 2023 No dividend mentioned as spending is substantial in 2023. To keep production curves nearly flat takes a toll.
Hannamuk wrote: Valeura anticipates total capital spending in 2023 of US$180 – 200 million. In keeping with the acquired assets’ long history of reserves replacement through ongoing activity, much of the capital spending is directed toward infill drilling on producing fields, and is forecast to result in aggregate full year oil production of 20,000 – 22,300 bbls/d. This assumes the start of production at the Wassana field in May 2023 in addition to continued ongoing production operations at the Jasmine, Manora, and Nong Yao fields. Operating cost guidance in 2023 is US$220 – 240 million, which, at the mid-point of the production guidance range, equates to approximately US$30/bbl.