• The 1Q24 production of 21.9 mbbl/d and cash position of ~US$194 mm at the end of March had been reported previously.
• Operations are on track. Drilling is underway at the Nong Yao A platform, with two new wells that are expected to be completed in the coming week.
• Drilling at the Nong Yao C development is expected to result in first oil in 3Q24 to boost production from the area to 11 mbbl/d, and later in the year there will be a 5-well infill drilling programme on Jasmine/Ban Yen, also int ....
09 May 2024
Valeura Energy (TSX: VLE): Financials in line. Operations on track.
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Valeura Energy (TSX: VLE): Financials in line. Operations on track.
• The 1Q24 production of 21.9 mbbl/d and cash position of ~US$194 mm at the end of March had been reported previously.
• Operations are on track. Drilling is underway at the Nong Yao A platform, with two new wells that are expected to be completed in the coming week.
• Drilling at the Nong Yao C development is expected to result in first oil in 3Q24 to boost production from the area to 11 mbbl/d, and later in the year there will be a 5-well infill drilling programme on Jasmine/Ban Yen, also int ....