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 > AOI financials out - VLE comparable

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Comment by CravenMooreheadon Feb 27, 2024 9:11am

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Post# 35901048

RE:AOI financials out - VLE comparable

windymayor1 wrote: Same production - 20,000 bopd in 2023
AOI with $298 mm debt, VLE zero
AOI received $175 mm divy in '23 from Prime
AOI Mkt cap $1B.
VLE due to pay divy in 2024 mkt cap $436 mm.
VLE 24-28,000 bopd to exit the year.

We still have at least a double in the stock price to come!

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VLE

· 2P net present value before tax of US$616 million and US$429 million after tax

AOI
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YE'23 reserves determination has delivered an after-tax Proved plus Probable reserves ("2P") NPV(10) valuation of $1,192 million (YE'22: $1,232 million)2. The change in 2P reserves valuation is net of total dividend payments of $175 million by Prime to Africa Oil during 2023.