Valeura Energy Inc T.VLE

Can January numbers reverse trend?!

[Hannamuk]

October 18550 bbls

November 17472 bbls 

December 17190 bbls

 

[firstworld]

Thay bought 23K bbl day - no wonders theres a delay they are trying to get a price adjustment LOL...already declining

[BERationale]

We already know production will have declined so you can just start the paid bashing now. Mubby isn't spending capital on a field they won't own and VLE doesn't have any control over spending yet. Its irrelevant until VLE can get in and do some infield drilling as planned and drive production back up. On the bright side if Mubby isn't spending any capital that is more free cash

[Hannamuk]

Valeura and Mubadala are sharing costs pr deal for the ongoing infill drilling activity. So relevant to follow the field merits   

[goldwatch69]

Start the paid bashing now???  

[Hannamuk]

Ha, ha gwatch, you promised to put me on ignore! But facts are important   

[BERationale]

He is already bashing and the production numbers haven't come out! He has stated that the seller will operate the fields and they will split the costs with VLE. Now who in their right mind would spend money (even if it is splitting the costs) of a field they won't own? So yes thanks for putting it on our radar that production will be down Captain Obvious.On the other hand, Mubby has

[Hannamuk]

These are the offical Numbers. Check the values for October as they are used in Valeura January slides.(for SPV) Ok to stick to facts, Martin in Valeura has confirmed numbers.  https://www.eppo.go.th/epposite/images/Energy-Statistics/energyinformation/Energy_Statistics/Petroleum/T02_01_01.xls  

[whothe]

if posting real numbers is bashing - what is posting false numbers - there are still posters quoting 21,000 -  wouldn't you rarther have the real picture ? I prefer to see the actual numbers not inflated numbers.  I also like to see timelines hit and goals achieved.  This company has had a lot of issues over the past few years - cheap selling of pruducing assets, approx 2

[SMlachake]

What a commnentary, excellently hitting all the sapranos, completely lacking in the bass. I would expect, that a reasonable investor, having found a company's management to be incopetent, would sell and move his/her investment to a better managed company. It seems a little wierd that whinning seems to have been the adopted option here. Wassana and Rokusson assets alone represent a great value

[firstworld]

Turkey shallows covered all VLE overhead entirely.  Was sold at 80%discount to appraised value in a very shady deal with close overtimes by 6 mths or so. The only reason they survived was a $50M raid from BG for deeps expkoration that they dis not use for deeps and kept after Equinor ejected. Now they raised an emergency $10M weeks after "no dilution"....overall very shady

[Hannamuk]

18044 bbls a day in January, infill drilling by Mubadala ok!