Valeura Energy Inc VLERF

Primary Symbol: T.VLE

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

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Post by Carbonbullon Nov 20, 2024 10:37am

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Post# 36321657

I have been a little puzzled

It is taken longer to accumulate cash in balance sheet then i anticipated , other the price is there any other structural reason , now that tax structure is sorted out, for this entity to exit 2024 with north of 200 millipn usd in balance sheet.
the daily production for quarter 4 should be north of 24k .
I dont have as detailed knowledge of each field as I would like .

Key questions:

what is capex to maintain 24k
what is proven reserve value
what is and for how long is the liklihood of organically replacing depletion / increasing proven volumes

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