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 goldwatch69on Nov 13, 2023 6:53pm

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Post# 35733107

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

Yeah and they sold an extra US$33 million of surplus inventory in the first ten days of Q4 of which didn't hit the books in Q3.

They increased cash position, working capital is higher than cash and they are short about US$17 million in FCF from the surplus sold in the first 10 days.

Net increase is effectively US$34 million in cash, half just a bit late.

VLE is making money period, no debt. Not as much as expected but still way undervalued and heading for CA$150 million in cash exiting 2023. Was hoping for CA$200 million. Next year will be better, worth waiting for for sure.

Period.

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