• The 2Q24 production and the cash position at the end of June had previously been reported.
• Development drilling at Nong Yao C has been completed with the 6 development wells encountering the reservoirs in line with expectations. One appraisal well was successful and will be converted into a seventh production well. First production is expected later in August. Two of the development wells also encountered appraisal target; which could derisks potential future infill drilling and add some res ....

09 Aug 2024
Valeura Energy (TSX: VLE): Production guidance re-iterated but lower capex and additional resources

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Valeura Energy (TSX: VLE): Production guidance re-iterated but lower capex and additional resources
• The 2Q24 production and the cash position at the end of June had previously been reported.
• Development drilling at Nong Yao C has been completed with the 6 development wells encountering the reservoirs in line with expectations. One appraisal well was successful and will be converted into a seventh production well. First production is expected later in August. Two of the development wells also encountered appraisal target; which could derisks potential future infill drilling and add some res ....