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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

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

Comment by Suppe11on Oct 22, 2023 6:53am
138 Views
Post# 35695138

RE:Great presentation from the conference

RE:Great presentation from the conference
goldwatch69 wrote: https://www.youtube.com/live/Z2rqN3RJ0aI

Key takeaways:

Focus on longevity and expansion to build up and increase cash flow.

Zero debt in a few weeks.

Fields are not short life assets and will continue to produce.

Nong Yao and Wassana will add more production next two quarters, looks like another 5000 bpd.

Special dividend or share buyback mid next year.

Next years milestone, double production on Wassana and acquire another asset.

Target by 2026, become a 100,000 bpd company.

Still well below peers in market cap based on cash flow.

Lots more upside here mates!  Wouldn't be surprised to see 10 bucks next year.  



Special divi or buyback....maybe...if no acquisition....target for 2024.: acquisition = divi/buyback -> no target.

100k bpd in 2 years ? Please wait with that until I quit, please....
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