Valeura Energy Inc. reports company developments tied to its petroleum and natural gas exploration, development, and production business in Thailand and Türkiye. Recurring updates cover Gulf of Thailand drilling campaigns, production from fields such as Manora, Jasmine, Ban Yen, and Wassana, offshore rig commitments, reserves and resource reporting, crude oil sales, realized pricing, and operating cash position.
News also covers Valeura's reinvestment in its producing asset portfolio, project acceleration plans, Southeast Asia growth activity, and responses to Thai energy-security policy affecting domestic crude supply. The company's updates commonly include operating performance, capital allocation, field redevelopment, health, safety, environmental stewardship, and greenhouse-gas intensity initiatives across its Thailand portfolio.
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.
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