Share Name Share Symbol Market Type Share ISIN Share Description
Valeura Energy Inc LSE:VLU London Ordinary Share CA9191444020 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 34.50 23,334 10:15:53
Bid Price Offer Price High Price Low Price Open Price
34.00 35.00 34.50 34.00 34.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 7.94 -3.28 -4.52 30
Last Trade Time Trade Type Trade Size Trade Price Currency
12:48:43 O 1,269 34.68 GBX

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Valeura Energy Daily Update: Valeura Energy Inc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker VLU. The last closing price for Valeura Energy was 34.50p.
Valeura Energy Inc has a 4 week average price of 31p and a 12 week average price of 22.50p.
The 1 year high share price is 43p while the 1 year low share price is currently 13.50p.
There are currently 86,584,989 shares in issue and the average daily traded volume is 389,027 shares. The market capitalisation of Valeura Energy Inc is £29,871,821.21.
oakridge: Valeura Energy - Brief Summary of presentation from mid December 2020: A gas production company active in Turkey for 10 years, on the brink of change / expansion. Listed on AIM and TSX (VLE). Strong cash position, with no debt. Cash in bank: 31.3M US$ Awaiting further cash inflow expected imminently from sale of asset: c.15.5M US$ + Royalty. Total potential cash: 47M US$. This would equate to a cash value on the TSX to: Can$0.70 cent per share. Currently trading at Can$ 0.58. c.86.6 M shares in issue with Baillie Gifford largest shareholder @ c.20%. Experienced executive team looking to add value with cash reserves through M&A activity. Well-positioned in the industry to grow - buyers market for those with cash, targeting distressed firms with good assets. Sector ripe for merging and consolidation. Retained high-value option on a deep tight gas play in Turkey (Thrace Basin), which has to date received investment of $100M, demonstrating that significant gas is in place (wells encountered high pressures of gas). Company seeking a partner in c.Q1 2021 and intends to pursue appraisal drilling to prove / demonstrate commercial flow. Quote: "huge potential upside". Main focus for the cash however is M&A. Strong local market for natural gas and on the doorstep of Europe via in-place pipeline to Italy. Priorities (as stated by the company in the Mid December 2020 video): 1) Sale of producing business for 15.5M. 2) Screening process for M&A - quote "some well progressed" - target for completing c.Q1 '21 3) Looking for a Partner and a well permit to be in place Q1 2021 for an appraisal well to be drilled in 2021. The above is just what I've deduced from the presentation. ADYOR.
oakridge: VLU finished up over 13% on the TSX. If the sale of the gas asset completes as the company anticipates, it will be trading at well below cash. Company stated in mid December that it hoped the sale would complete in a month or so. I'd imagine an RNS on this as soon as it has been inked.
oakridge: Thanks rolo. @evertonrob1 was also buying VLU up a short while ago. It seems the stock is on quite a few radars. There's quite a lot to like here: Cash rich No debt Sale of existing asset agreed will add further cash (confirmation due shortly) Significant upside potential from retained gas play in Turkey Favourable local market for natural gas and into Europe Clear stated ambition for quality M&A activity Strategic advantage through significant cash position. Only 86.5m shares in issue. Free float is relatively small.
oakridge: Have kept half an eye on VLU for a little while. Certainly good uplift in buying today. Acquisition News incoming?
flawlesskicks: This is literally like someone giving you $100million to check out your deep gas and then letting you keep all the gas and the wells! That's one hell of a silver lining here. Those three deeps can all now become producers and help vlu fund the future deep drilling. A great springboard for the company and loads of cash in the bank to boot.
flawlesskicks: Looks like VLU heading for 27p on Monday. Closed at 0.48c on TSX. Not sure why the Canadian market is trying to drag it down so much but it is what it is!
sweepie2: No expert but couldn't see anything wrong with that RNS, ticked nearly every box Strong financial position Share price near cash levels Shallow gas plays more than covering all costs Production increasing with a 22% increase over the previous quarter Revenues increased in Q4 2019 due to a combination of higher production and gas prices Every deep well stimulation to date in the Thrace basin has successfully resulted in gas flowing to surface. Technical evaluation and reservoir modelling work is ongoing with joint venture partners Probably see a better reaction in Canada than AIM though
dave444: Valeura Energy Inc. VALEURA ENERGY TRADING UPDATESource: UK Regulatory (RNS & others)TIDMVLURNS Number : 8091ZValeura Energy Inc.15 January 2020VALEURA ENERGY TRADING UPDATECalgary, January 15, 2020: Valeura Energy Inc. (TSX:VLE, LSE:VLU) ("Valeura" or the "Company"), the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation play in the Thrace Basin of Turkey, provides a trading update for the year ended December 31, 2019. This is in advance of the Company's full financial and operating results due to be announced on March 12, 2020.Balance sheetAs of December 31, 2019, the Company was in a strong financial position, with a net working capital surplus of approximately US$37 million (CDN$48 million).ProductionFourth quarter 2019 production averaged 646 boe/d, comprised of gas produced from the Company's ongoing conventional programme. This is an increase of 22% over the prior quarter, and a demonstration of how the Company's shallow gas work programme of well workovers and recompletions can offset natural declines.Valeura's shallow gas play provides a reliable stream of production and cash flow. Price realisations were relatively stable throughout 2019, averaging US$7.40/Mcf (CDN$9.82/Mcf) in Q4 2019. Revenues increased in Q4 2019 due to a combination of higher production and gas prices, and were more than sufficient to cover the operating costs and all of the G&A costs of the Company.Deep gas appraisalValeura remains encouraged by the potential for its deep gas play. Every deep well stimulation to date in the Thrace basin has successfully resulted in gas flowing to surface. Technical evaluation and reservoir modelling work is ongoing with joint venture partners incorporating all of the new data acquired through the recent drilling and the testing operations. This work is expected to extend through the next one to two months and will be used to define the forward appraisal programme for the deep play in 2020. The Company expects to communicate its 2020 work programme and capital expenditure outlook later in Q1.For further information please contact: Valeura Energy Inc. (General and Investor Enquiries) +1 403 237 7102 Sean Guest, President and CEOHeather Campbell, CFORobin Martin, Investor Relations, Canaccord Genuity Limited (Corporate Broker) +44 (0) 20 7523 8000 Henry Fitzgerald-O'Connor, James Asensio CAMARCO (Public Relations, Media Adviser) +44 (0) 20 3757 4980 Owen Roberts, Monique Perks, Billy and Gas AdvisoriesForward-Looking Statements and Cautionary StatementsThis news release contains certain forward-looking statements and information (collectively referred to herein as "forward-looking information") including, but not limited to: the Company's timing to complete the technical evaluation of the deep gas play appraisal to date with partners and to communicate its 2020 work programme and capital expenditure outlook for 2020.Forward-looking information typically contains statements with words such as "anticipate", estimate", "expect", "target", "potential", "could", "should", "would" or similar words suggesting future outcomes. The Company cautions readers and prospective investors in the Company's securities to not place undue reliance on forward-looking information, as by its nature, it is based on current expectations regarding future events that involve a number of assumptions, inherent risks and uncertainties, which could cause actual results to differ materially from those anticipated by the Company.Forward-looking information is based on management's current expectations and assumptions regarding, among other things: continued political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from the Turkish government and regulators in a manner consistent with past conduct; future seismic and drilling activity on the expected timelines; the continued favourable pricing and operating netbacks in Turkey; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; future currency exchange rates; the ability to meet drilling deadlines and other requirements under licenses and leases; and the Company's continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company's work programmes, including the future work programmes and budgets are in part based upon expected agreement among joint venture partners and support of associated exploration, development and marketing plans, and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, reservoir stimulation and other specialised oilfield equipment and service providers, changes in partners' plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: uncertainty regarding ultimate joint partner decisions regarding the future work programmes; the risks of currency fluctuations; changes in gas prices and netbacks in Turkey; uncertainty regarding the contemplated timelines and costs for the deep evaluation; the risks of disruption to operations and access to worksites, threats to security and safety of personnel and potential property damage related to political issues or civil unrest in Turkey; potential changes in laws and regulations, the uncertainty regarding government and other approvals; counterparty risk; risks associated with weather delays and natural disasters; and the risk associated with international activity. The forward-looking information included in this news release is expressly qualified in its entirety by this cautionary statement. The forward-looking information included herein is made as of the date hereof and Valeura assumes no obligation to update or revise any forward-looking information to reflect new events or circumstances, except as required by law. See the AIF for a detailed discussion of the risk factors.This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit Dow Jones NewswiresJanuary 15, 2020 02:00 ET (07:00 GMT)
flawlesskicks: Baillie Gifford (Tesla's major ii)fully backs VLU with 17% shares held through Institution and funds. A big hitter showing full support for project - bought a private placing at over $5/share($60 million)and have held. They see value far above this. Strong buy.
flawlesskicks: Moving up nicely on TSX today too....small rumble before the move back up. The current share price is crazy cheap! Business valued at zero with the current cash in the bank and assets are excellent!
Valeura Energy share price data is direct from the London Stock Exchange
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