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 > Didn't hear about this company until recently

<< Previous

Bullboard Posts

Next >>

Comment by Chincy1on Sep 28, 2023 7:08pm

176 Views

Post# 35660560

RE:RE:Didn't hear about this company until recently

Very basic back of the napkin math;

company has publicly stated that with current production, roughly 20,000 b/d, add in wassana getting back online and new drilling there offering some growth lets say they can get that to 5000 b/d, and then add in growth from Nong Yoa C, say 3000 b/d that gets us to a very doable 28,000 b/d for q1/q2 2024.

28,000 b/d at $95 brent is 970M USD
28,000 b/d with a reasonable $45 net back is 459M USD fcf

459M/ 102M shares out is $4.5/share USD pre tax FCF OR $6/share pre tax FCF

Have I got it right? if so, you tell me what that should be valued at...

<< Previous

Bullboard Posts

Next >>

Investor’s corner: Solving chronic pain in dogs – A significant market opportunity