Valeura Energy Inc., the upstream oil and natural gas company with assets in the Gulf of Thailand and planned appraisal activities for tight natural gas in the Thrace Basin of Turkey, has reported improved third-quarter results.
Valeura, which is listed on the Toronto Stock Exchange and the over-the-counter market in the US, released earnings for the three months to the end of September.
In the third quarter, Valeura sold 1.701 million barrels of crude oil and the company recorded oil revenues of US$149.4 million, versus nil in the same quarter of 2022, which was prior to the company having active production operations.
Valeura Energy Inc (TSX:VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.
