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Bullboard - Stock Discussion Forum Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

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... see more

TSX:VLE - Post Discussion

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Post by energee on Nov 13, 2023 3:37pm

Q3

Listened to the webcast and they are on guidance.  OPEX was higher in the Q which and is expected to be sub $30 later once barrels return from Wassana.  Oil in inventory was significant at end of Q3 some of which was sold in early Q4.

SG also said Wassana production should be back on within a month. The offload vessel owner (using same vessel which is apparently on site), new vessel operator and VLE have agreed to commercial terms, just finalizing paperwork. Should bring a nice production lift for Q4.

Comment by Suppe11 on Nov 13, 2023 5:54pm
Great Wassana production lift...in a month Q4 is pretty much over and for sure they'll start with something like 1 k bpd.
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