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 Gringottson Apr 20, 2023 3:28pm

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Post# 35405925

T-boned

Although VLE liabilities are higher than I was expecting, I concur with what Arcturus notes: they estimate for 2023 YE cash will be US$225 MM, assuming Brent at US$80 for the year. That's almost equal to the current market cap of the company. I like that!

Also, VLE's drop today is equal too many other O&G comapnies, such BTE, HWX, TVE. The whole market is being t-boned by the drop in oil price today.

glta

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