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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 AucontraireIIon Nov 13, 2023 2:24pm
202 Views
Post# 35732530

RE:RE:RE:A fine quarter , a little timing difference in cash flow

RE:RE:RE:A fine quarter , a little timing difference in cash flowBER, "very bad",  really?  Are we overanalyzing here a little maybe?  I am probably the least expert here on reading earnings reports, but I saw it as an as expected, non-event.  Non events are often met with a 5 to 10% sell off, so nothing surprising really.  But maybe you can clarify your points a little bit.  So the capex per barrel rose but wouldn't you expect capex to lead greater production, assuming the drilling was successful? (Which I guess it was)  In which case the greater number of barrels is simply delayed bringing things back in line or even improving things down the road.  And if you have a pile of cash here and you use it to pay off a debt there, yes the pile is smaller but on the other side of the ledger the debt is less ....in this case zero.  So what's the big deal?  But by all means please correct me...
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