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Valeura Energy Inc. (VLERF) is an upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye. The Company reported strong Q1 2024 performance with increased oil production, revenue, adjusted EBITDAX, and cash balance. Recent achievements include successful drilling campaigns, oil discoveries, and installation of a new MOPU for development drilling. With a focus on operational efficiency and growth opportunities, Valeura aims to drive cash flow and value for stakeholders.
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Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) announces the appointment of Anna Green as an independent director. Ms. Green brings 25 years of experience in banking and technology sectors and is known for driving change and meaningful diversity and inclusion. The Chairman of the Board is confident she will provide valuable independent advice to drive value growth at Valeura.
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Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) announces successful completion of Nong Yao A infill drilling in the Gulf of Thailand with promising results and plans for future development.
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Valeura Energy Inc. (VLE) announces the re-start of oil production at the Wassana field in the Gulf of Thailand, targeting a production capacity of over 4,000 bbl/d. The company also plans a potential re-development of the field to expand reserves and capacity. Valeura's oil storage and offloading vessel, MT Jaka Tarub, will be operated by Three60 Energy Group. The company will announce its 2024 guidance in mid-January 2024.
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Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) reports strong Q3 2023 financial and operational results, including oil production of 19,961 bbls/d and a net cash balance of US$103.6 million. The company's average realized price was US$87.8/bbl, generating revenue of US$149.4 million. Q3 2023 highlights also include adjusted EBITDAX of US$67.2 million and debt reduced to US$12.9 million.
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Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) acknowledges Thoresen Thai Agencies Public Company Limited's acquisition of a 10.14% interest in its common shares. TTA purchased 10,309,900 shares on the open market, becoming the Company's second largest shareholder. President and CEO, Sean Guest, welcomes TTA to the shareholder register, emphasizing the substantial potential value in Valeura shares. TTA is a Thailand-based strategic investment holding company with diverse interests in shipping, offshore service, agrochemical, and food & beverage industries, as well as the oil & gas industry.
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Valeura Energy Inc. provides Q3 2023 operational update
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Valeura Energy announces the departure of independent director Kimberley Wood from its board. Her resignation comes as she accepts a senior management role with another company. Chairman of the Board, Tim Marchant, expresses gratitude for her support and insight. The company will focus on maintaining a well-suited board composition to support its evolving business needs.
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Valeura Energy announces successful drilling of two appraisal wells at Wassana oil field, confirming presence of oil deeper than previously proven and potential for substantial further development. Results could yield an increase in production and extend field life beyond 2030. Review of development options underway. Production operations at Wassana field to resume in Q4 2023 after selecting new sub-contractor for FSO.
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FAQ
What is the current stock price of VALEURA ENERGY (VLERF)?
The current stock price of VALEURA ENERGY (VLERF) is $3.04 as of October 15, 2024.
What is the market cap of VALEURA ENERGY (VLERF)?
The market cap of VALEURA ENERGY (VLERF) is approximately 376.9M.
What is Valeura Energy Inc.?
Valeura Energy Inc. is an upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye.
What were the Q1 2024 highlights for Valeura?
Q1 2024 highlights include increased oil production, revenue, adjusted EBITDAX, and cash balance for Valeura.
What recent achievements has Valeura reported?
Valeura has successfully drilled new wells, made oil discoveries, and installed a new MOPU for development drilling.
What is Valeura's focus?
Valeura focuses on operational efficiency, growth opportunities, and driving cash flow and value for stakeholders.
VALEURA ENERGY INC