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 > Dividend

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Comment by firstworldon Apr 08, 2024 1:30pm

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Post# 35977173

RE:Dividend

Toppicks1 wrote: I can't help but wonder if a divi could be on the horizon for this cash cow.

Thay are spending $300M +/- to maintains 20-24K bbl day production an need to spend another $50-100M to bring another 4K bbl day on stream.

The operating loss (cash less current liabilities) was $80M +/- in 2023 on avg $80bbl +/-.

They wont even get a second rig drilling because finaincials wont suppoty LC the driller need.

There will never be a div from VLE. In 5 years they will be spending $500M yr ro maintain 30K bbl day if lucky if oil drops below $80 they are at operating loss.

They got Thailand for free because its deemud unviable by Mubadala and this is now proven with the 2023 operating loss $80M

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