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 > So, what is the number now?

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Comment by firstworldon Dec 21, 2023 2:30pm

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Post# 35796205

RE:So, what is the number now?

Overertune wrote:
After Wassana 4000 bl/d and Nong Yao C expansion in q1 11000 bl/d, the total production should be 28000 bl/d.

Assuming 80$ Brent, that is 800 m revenue US $ per year? Excluding opex and capex 400 m left, and 50% tax, total FCF is 200m US $, same as their MC?

Is the estimate correct?

Additional $200M loss on " developmwnt drilli g to try and maintain production at 19k bbl day in 2024 selling at brend 75-80.

Theyse jokers will be lucky to turn a dime in profit in 2026 by which time oil could easily be $60 bbl as global minority suooprting AH2 and forthrike capitulate which they are already doing out of credit and stock.

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