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 > Profits

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Comment by firstworldon Dec 13, 2023 11:53am

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Post# 35782294

RE:Profits

Overertune wrote: I am reading their PowerPoint.

450 m revenue, 225m opex, 175m capex, 50% tax, how can they have any money left?

what profits? They are usually 20-50% over budget and 20% +/- under revenue targets.....i project a $30-40M loss Q4 which brings them back to Dec 2021 cash level operating at zero loss......this is a 0.64 stock at best assuming $75 oil LOL.

Its worthless if oil is $70 or less.

Note that 10% of OPEX is executive compensation incl five start Singapore expat packages, exec jets and helicopters, country clubs, golden healthcare plan, private schools, limos and luxury apartments for csuite hahah us poor performance bonuses

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