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

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Post by nozzpackon Feb 21, 2024 2:19pm

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Post# 35891447

$4.50 cad in net cash at exit 2024

VLE added $49 million US to net cash in Q4, boosting net cash to $200 million cad at exit 2023.

At current Brent and forecast 2024 production , VLE have an excellent chance of adding $250 million cad to net cash in 2024, boosting net cash at exit 2024 to about $450 million cad which is about $4.50 per share .

These are reasonable assumptions which means that VLE is brutally undervalued at its current trading price..

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