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Valeura Energy ( (TSE:VLE) ) just unveiled an announcement.
Valeura Energy Inc. announced record reserves and resources at the end of 2024, with a 2P reserves replacement ratio of 245% despite a 12% increase in annual production. The company’s net asset value exceeded US$1 billion, driven by a significant increase in 2P after-tax net present value and a strong cash position, indicating robust financial health and extended field life, potentially reducing asset retirement obligations.
More about Valeura Energy
Valeura Energy Inc. operates in the energy sector, focusing on oil and gas reserves and resources. The company is engaged in exploring and developing oil fields, primarily in Thailand, aiming to increase production and extend the economic life of its fields.
YTD Price Performance: 1.94%
Average Trading Volume: 419,703
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$777.5M
See more insights into VLE stock on TipRanks’ Stock Analysis page.
