Further information on the tax losses:

- Valuera acquired 400 million USD tax loss as a part of Kris acquisition.
- Valuera have to consolidate the companies into one unit to utilize the tax losses.
- Valuera finished the consolidation. Within the next month, it may be approved.
- It would mean two to three years of no tax on non-Jasmin assets.
- In order for this not to happen, they would have to change Thai law.
- Jasmin is separate from consolidation and is not included in the tax deal - Jasmin represents 7k bpd out of 27k bpd total production. So 75% of production will pay no taxes for the two to three years.
- this means that at current share price to stock would generate annual distributable CF = to its market cap

Very material upside

Valuera got title of one of the fastest growing companies

The ranking is based on three year revenue growth, for which Valeura clocks in at an impressive 5,673%

Market cap: 400 mil usd
Debt: 0 usd
Net cash: 150 mil usd
EV: 250 mil
Last 12 months CFO 200 mil usd (after all taxes, royalties, operating costs)
P/E 2

Just published. Impressive performance!!


Valeura Energy Inc.Valeura Energy Inc.

Valeura Energy is pleased to provide an update on Q3 2024 operations.

Highlights:
· Oil production averaged 22.2 mbbls/d(1) for Q3 2024 and 26.4 mbbls/d during September 2024(1);
· Nong Yao C development was commissioned and put on production, which resulted in a 66% increase in Nong Yao production(1,2);
· Production resumed at Wassana after confirming the safe operating condition of its production facility;
· Oil volumes sold of 1.8 million barrels with increased oil inventory at quarter end of 1.2 million bbls;
· Revenue of US$139 million with an average price realisation of approximately US$79/bbl;
· Cash of US$156 million, after having paid US$30.1 million in petroleum taxes related to H1 2024;
· Valeura remains debt free, and
· Recognised as one of Canada’s Top Growing Companies by The Globe and Mail, ranking no. 8 of over 400 companies evaluated.

(1) Working interest share production, before royalties.
(2) 11.6 mbbls/d (last seven days of Q3), compared to 7.0 mbbls/d (the week just prior to starting Nong Yao C).


https://lnkd.in/gPj8RaQv

latest presentation:

https://www.valeuraenergy.com/wp-content/uploads/2024/10/2024-10-corporate-update-VF.pdf