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 > Didn't hear about this company until recently

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Comment by BERationaleon Sep 29, 2023 12:09am

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Post# 35660899

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

I peg them at $400mm of after tax cash flow at $90 brent and 22.5k boe/d which is a conservative avg with Wassana. Assuming $150mm of sustaining capex that's $2.50 of FREE cash flow to go the shareholders. Together with the $1.00 of net cash on the current balance sheet, it is currently valued at 1x forward FCF. That's a stupidly cheap valuation! GLTA

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