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 > CASH

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Comment by goldwatch69on May 02, 2023 3:01pm

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Post# 35425785

RE:RE:RE:RE:RE:RE:RE:RE:CASH

You alluded to CAPEX being fully tax deductible

It's not tax deductible. The asset depreciation is. I don't know where you're getting $100 million depreciation from. Out of thin air or out of a hat?

In January, Research Capital forecasted 85 cents a share based on a lot less CAPEX.

The expenses are high this year. It will take longer than expected no matter which way you look at it.

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