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 > Cash is King

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Comment by goldwatch69on Oct 03, 2023 1:17pm

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Post# 35667244

RE:RE:Cash is King

It's clear from the (interview) article that Sean does not want to issue shares and does not want to borrow money.

What is crystal clear is he wants to pay off debt and accumulate cash to cover all Capex.

As I have been saying, it's about FCF right now. FCF is priority one and by year end, net cash should be between US$150 million to US$200 million as long as Brent holds up.

Stock should be double based on this news.

GLTA

(posting the link again for convenience)

https://www.energyvoice.com/oilandgas/asia/exploration-production-asia/537880/valeura-wassana-restart-plans-guest/

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