Valeura reported 2Q15 results that included production of 1,045 boe/d and cash fl ow of $3.0 mm. Production was lower than anticipated,
due to a break in drilling since January 2015. Drilling was expected to resume in early 2Q15, but will now not recommence until the end
of September 2015e. This is the primary problem of being a non-operated working interest on joint venture lands. As a result, we have
reduced our 2H15e production forecast.
14 Aug 2015
Valeura Energy Reports 2Q15 Results
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Valeura Energy Reports 2Q15 Results
Valeura reported 2Q15 results that included production of 1,045 boe/d and cash fl ow of $3.0 mm. Production was lower than anticipated,
due to a break in drilling since January 2015. Drilling was expected to resume in early 2Q15, but will now not recommence until the end
of September 2015e. This is the primary problem of being a non-operated working interest on joint venture lands. As a result, we have
reduced our 2H15e production forecast.