Valeura Energy Inc. (T:VLE*CA)
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 CALGARY AB T2P 2R9 |
| Tel: | 1-403-9756752 |
| Website: | https://www.valeuraenergy.com |
| 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 fiscal year ended 31 December 2023, Valeura Energy Inc. revenues increased from $260K to $438.2M. Net income totaled $245M vs. loss of $12.5M. Revenues reflect Other Income segment increase from $260K to $11.4M. Net Income reflects Bargain purchase gain increase from $1.6M to $238.1M (income), Transaction costs decrease of 65% to $970K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.14 to $2.47. |
| Employees: | 196 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $535.06M as of Dec 31, 2023 |
| Annual revenue (TTM): | $602.08M as of Dec 31, 2023 |
| EBITDA (TTM): | $262.91M as of Dec 31, 2023 |
| Net annual income (TTM): | $334.93M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$114.62M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 103,657,325 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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