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 energeeon Nov 13, 2023 7:18pm

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Post# 35733166

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

Wassana would have fixed and variable OPEX.

VLE would have paid the fixed Wassana OPEX such as vessel lease (and whatever else they felt needed an upgrade at Wassan that was not CAPEX) with no offsetting production which contributed to their higher corp OPEX in the quarter.

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