Valeura reported 1Q16 production of 792 boe/d and cash flow of C$2.0 mm, which was slightly behind xpectations. The difference was due to the Bati Gurgen-1 well coming on stream in late 1Q16 and a lack of quipment availability to complete the Yayli-1 exploration well, which is now expected to be on production in 2Q16e.
11 May 2016
VALEURA ENERGY (VLE) REPORTS 1Q16 RESULTS, STRONG OPERATIONAL UPDATE, AND BETTER THAN ANTICIPATED 2016 CAPITAL PROGRAM
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VALEURA ENERGY (VLE) 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 xpectations. The difference was due to the Bati Gurgen-1 well coming on stream in late 1Q16 and a lack of quipment availability to complete the Yayli-1 exploration well, which is now expected to be on production in 2Q16e.