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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 > The village idiot still here lol
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Comment by Suppe11on Sep 23, 2023 8:23am
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Post# 35650531

RE:RE:RE:The village idiot still here lol

RE:RE:RE:The village idiot still here lol
bfw wrote:

Suppe11 wrote: First....they don't produce 25k bpd, more like 20k bpd and even next year, I guess the 25k bpd is only reachable for a short time.

Second....this is offshore. They sell the oil in cargos (500k or 1m bbl per cargo), so the timing of the cargos is the crucial thing.

 


Slide 8. Might even hit 30k bed in 2024 especially if Wassana ramps.

https://www.valeuraenergy.com/wp-content/uploads/2023/07/2023-07-Valeura-Corporate-Presentation-short-version-w-app-V1.pdf
 



The math is pretty easy. I guess they're running at 20k bpd+- at the moment. Wassanas last numbers were something like 2.4 k bpd. Add the Nong Yao expansion maybe +2-3k bpd and the rest is happy not to decline. Now average that over the year = never ever 30k. And I doubt the 25k bpd too.

Anyway, way undervalued even at 20k bpd.
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