Valeura reported 1Q16 production of 792 boe/d and cash flow of C$2.0 mm, which was slightly behind expectations. Investors should look past 1Q16 production results, as the Bati Gurgen-1 well was put on stream in late 1Q16 and the on stream date of the Yayli-1 well was pushed to 2Q16e.
12 May 2016
Reports 1Q16 Results, Strong Operational Update, and Better Than Anticipated 2016 Capital Program
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Reports 1Q16 Results, Strong Operational Update, and Better Than Anticipated 2016 Capital Program
Valeura reported 1Q16 production of 792 boe/d and cash flow of C$2.0 mm, which was slightly behind expectations. Investors should look past 1Q16 production results, as the Bati Gurgen-1 well was put on stream in late 1Q16 and the on stream date of the Yayli-1 well was pushed to 2Q16e.