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 Hannamukon Nov 16, 2023 10:44am

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Post# 35739092

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

BERationale wrote: Very bad... no free cash flow and opex/bbl up 50%. Just using working capital to make it look like they are paying down debt but net AP-AR exploded $21mm QoQ. I am ususally the bull on this story but shocked the stock is not being punished here. Shows you what the shareholder base is made up of - two large institutions and a whole bunch of retail shareholders. Selling the news and going to buy back when the market clues in.

Thx for good trading advise here!

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