Valeura Energy Inc. has posted a fourth quarter 2023 average oil production of 19,165 barrels per day (bpd), resulting in full-year pro-forma net oil production from its assets of 20,420 bpd.
The company said in a media release that its 2023 oil sales totaled 1.987 million barrels, while pro-forma full year oil sales from the assets were 7.321 million barrels.
The company noted that production restarted at the Wassana field at the end of the quarter, meaning all four of the company’s fields were in active production at year-end 2023. With the contribution of production from the Wassana field, the average production for January 2024 has been approximately 22,600 bpd.
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.
