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.
Valeura Energy has successfully completed an infill drilling campaign at Nong Yao A and initiated development drilling on Nong Yao C, located in the Gulf of Thailand. The infill campaign included two production wells, 37H and 38H, yielding 500 bbls/d and 1,000 bbls/d of oil, respectively. Moreover, the Nong Yao C extension project has started with the aim to develop up to nine wells, expecting first oil by Q3 2024. This expansion targets an aggregate peak oil production rate of 11,000 bbls/d, a 50% increase from Q1 2024. President and CEO Sean Guest emphasized the safety record, noting one year without lost time injury.
Valeura Energy has released its 2023 sustainability report, focusing on environmental preservation, health and safety, and social and governance responsibilities. The inaugural report, approved by the Board of Directors, is available on Valeura's website. CEO Sean Guest emphasized the company's commitment to sustainability as part of its core duties and long-term value generation. Additionally, Valeura has published reports on its compliance with Canada's Modern Slavery Act and the Extractive Sector Transparency Measures Act. The release underscores the company’s dedication to ethical practices and regulatory adherence.
Valeura Energy Inc. announced the results of its annual and special meeting of shareholders, where shareholders approved the appointment of auditors, election of directors, and a shareholder rights plan. Dr. W. Sean Guest, Dr. Timothy R. Marchant, Russell J. Hiscock, Timothy N. Chapman, Lina Lee, and Anna Green were elected as directors.
Valeura Energy Inc. reported strong Q1 2024 results with an oil production increase of 14%, generating revenue of US$149.4 million. Company's cash and net cash balance reached US$193.7 million with no debt, adjusted EBITDAX of US$89.0 million, and adjusted cash flow from operations of US$47.8 million. Year to date achievements include successful drilling and oil discoveries. Operations progress on plan with ongoing efficiency improvements and growth prospects.
FAQ
What is the current stock price of Valeura Energy (VLERF)?
What is the market cap of Valeura Energy (VLERF)?
