Valeura Energy (TSE:VLE) has released an update.
Valeura Energy Inc. reported a productive first quarter in 2024 with oil production increasing by 14% to 21.9 mbbls/d, generating $149.4 million in revenue from sales averaging $84.6 per barrel. The company boasts a strong financial position with $193.7 million in cash, no debt, and significant achievements including five new development wells and three oil discoveries. Their Q1 success is marked by strategic facility maintenance and preparation for further development drilling.
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