From GlobeNewswire: 2024-05-09 02:53:37

Valeura Energy Inc. reports strong Q1 2024 financial and operating results, with oil production up 14% from the previous quarter. The company achieved oil sales of 1.8 million bbls at an average price of US$84.6/bbl, generating revenue of US$149.4 million. The Q1 2024 also saw successful drilling operations, with three oil discoveries announced. With a cash balance of US$193.7 million and no debt, Valeura is well-positioned for growth. Management reiterates its full-year 2024 guidance outlook unchanged. The Company’s operational efficiency remains strong, with plans for further growth and expansion in the future.



Read more at GlobeNewswire: Valeura Energy Inc.: First Quarter 2024 Results