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 > 2023 Pwrformance Recap

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Post by firstworldon Sep 28, 2023 2:49pm

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Post# 35660046

2023 Pwrformance Recap

multimonth Muba closing delay

20% dilution weeks after SG stated non dilutive

Multi month delay on floating storage

Two material accidents for prodion loss 10s thousands bbl

$60M debt

$500 M clean up and muba payment liabilities

$15M relocation a few csuite to Singapore with platimium.expat packages and benefits incl free luxury housing private schools limos and business jets recurring costs

Loss of several qualified critical directors

Producing 20% less than stated they would

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