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 > Wassana

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Comment by firstworldon Nov 21, 2023 4:20pm

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Post# 35747195

RE:RE:RE:RE:RE:RE:RE:RE:RE:Wassana

Overertune wrote: Will capex increase a lot with additional rigs?

Its OPEX.

$150M yr / rig min that shows up for work with LC or SBLC payment guarantees for 100% for contract value. Thats why VLE had to drop the 2nd rig - could not come up with the guarantee.

They wont be able to gaurantee 2nd rig payment when lost 6M in Q3 at $87 oil.

No one in the world gives canadian companies credit....too many scams.

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