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.

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

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Comment by BERationaleon Nov 13, 2023 6:43pm

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Post# 35733079

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

From their presentation: management is guiding to 20 - 22k bbl/d of production this year and $155-$175 million of capex. So there is little to no production growth this year (they started the year at 22k boe/d with Wasanna making up 3k) and they are spending $155-$175mm. You can call it maintenance or growth or fairy dust, but if production is not growing it is not growth capex. It is capex required to maintain (hint: maintenance capex) production.
I hope you ar right on normal fluctutations but will wait till next quarter to see for myself. GLTA

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