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Valeura Energy Inc. (T:VLE)

Business Focus: Natural Gas Exploration & Production - Onshore

Sector:  Energy Industry:  Oil & Gas Exploration and Production
Company Contact
Address: Bow Valley Square 1
Suite 1200, 202 - 6th Avenue SW
Tel: 1-403-9756752
IR: See website
Key People
William Sean Guest
President, Chief Executive Officer, Director
Yacine Ben-Meriem
Chief Financial Officer
Greg Kulawski
Chief Operating Officer
Kelvin Tang
Executive Vice President - Corporate, General Counsel, Corporate Secretary
Business Overview
Valeura Energy Inc. is a Canada-based upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and onshore Turkey. It is also pursuing inorganic growth in Southeast Asia. It 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), 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 3,200 barrels per day (bbls/d) of medium-weight sweet crude oil. It also has an operating interest in 0.407 million gross acres of prospective rights in the Thrace basin of northwest Turkey. It holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin.
Financial Overview
For the nine months ended 30 September 2023, Valeura Energy Inc. revenues increased from $0K to $282M. Net income totaled $189.1M vs. loss of $4.6M. Revenues reflect Other Income segment increase from $129K to $2.3M. Net Income reflects Bargain purchase gain increase from $2.3M to $207.6M (income), Other income increase from $154K to $4.1M (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.05 to $2.09.
Employees: 5 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $401.31M as of Sep 30, 2023
Annual revenue (TTM): $382.95M as of Sep 30, 2023
EBITDA (TTM): $166.77M as of Sep 30, 2023
Net annual income (TTM): $248.32M as of Sep 30, 2023
Free cash flow (TTM): -$189.40M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 103,283,992 as of Feb 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization