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 > The set up...Wink Wink...

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Comment by Suppe11on Aug 21, 2023 5:00am

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Post# 35597391

RE:RE:RE:RE:RE:RE:RE:RE:RE:The set up...Wink Wink...

Not unusual in the oil industry (or everywhere), to act with subsidaries, especially offshore. No, Prime is not a subsidary of Aoi, they just have a 50% interest = full double overhead. Cash is $217 m, debt 740m, cf negativel, no or very small divis in the next 1-2 years for Aoi. And of course noone will pay Impact 1.7b for 20% of a hole in the ground. The game is: Total will cashcall Impact to death.

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