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Valeura Energy Inc - VLERF STOCK NEWS

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), a Canadian oil and gas company operating across Southeast Asia's energy markets, maintains this dedicated news hub for investors and industry observers. Track all official press releases, operational updates, and strategic announcements from the Thailand and Türkiye-focused explorer-producer.

This resource consolidates Valeura's key developments including quarterly financial results, asset acquisition updates, drilling program milestones, and sustainability initiatives. Users gain immediate access to verified information about offshore production activities, reservoir management strategies, and balance sheet developments.

With updates spanning exploration progress to executive leadership decisions, the page serves as a primary source for understanding Valeura's operational efficiency focus and growth in the Gulf of Thailand basin. Content is curated to support informed analysis of the company's asset optimization approach and capital discipline.

Bookmark this page for streamlined tracking of Valeura Energy's evolving position in Southeast Asia's energy sector. Check regularly for updates reflecting the company's commitment to transparent investor communication and operational excellence.

Rhea-AI Summary
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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Valeura Energy Inc

OTC:VLERF

VLERF Rankings

VLERF Stock Data

559.30M
95.69M
22.06%
19.16%
Oil & Gas E&P
Energy
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