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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 goldwatch69on Nov 03, 2023 5:24am
204 Views
Post# 35715196

RE:RE:EV and FCF best measures

RE:RE:EV and FCF best measures Thanks, Carbon.

Liabilities are a long way off and the market is starting to recognize that.

These fields are different,  no real way to estimate how much oil they contain. Sean indicated as such in the latest video presentation.  

As they continue infill drilling, they keep getting more out of these fields. The previous operator thought they had a shorter life yet this went on for years and years... and the show still goes on. No reason to believe this will end anytime soon.


A couple key points from the presentation:

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.

Expecting fields to extend beyond 2030.
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