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 > A fine quarter , a little timing difference in cash flow

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Comment by BERationaleon Nov 13, 2023 6:32pm

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Post# 35733055

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

Sorry but opex is only based on oil produced - has nothing to do with how much they sell in inventory. Do the math - they had 22k bbl/d of production in Q2 and $45mm of OPEX = $23/bbl. In Q3 they had 20k bbl/d of production and $62mm of OPEX = $34/bbl. I do appreciate that you made the same call though.

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