Valeura Energy (TSE:VLE) has released an update.
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Valeura Energy Inc. has commenced oil production from its Nong Yao C development in the Gulf of Thailand, with a plan to gradually increase output to a target of approximately 11,000 barrels per day. The company has successfully completed its drilling program under budget, meeting all geological objectives and setting the stage for future growth through additional reserves and potential infill drilling.
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