Welcome to our dedicated page for Valeura Energy news (Ticker: VLERF), a resource for investors and traders seeking the latest updates and insights on Valeura Energy stock.
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) 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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Valeura Energy Inc. has temporarily suspended production operations at the Wassana oil field in the Gulf of Thailand after a floating storage and offloading vessel deviated from its intended position and contacted the field's CALM buoy. No injuries or environmental damage were reported. The field had been producing approximately 2,400 bbls/d of oil, representing 10% of Valeura's net production.
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Valeura Energy announces successful completion of Nong Yao field infill drilling campaign and increase in oil production. The new wells have resulted in a 16% increase in oil production rates for June.
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FAQ
What is the current stock price of Valeura Energy (VLERF)?
The current stock price of Valeura Energy (VLERF) is $4.965 as of February 28, 2025.
What is the market cap of Valeura Energy (VLERF)?
The market cap of Valeura Energy (VLERF) is approximately 569.7M.
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