Valeura Energy (TSE:VLE) has released an update.
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Valeura Energy reports a strong second quarter in 2024 with robust oil production averaging 21.1 mbbls/d and impressive revenues of US$164 million, despite a setback due to a precautionary suspension of production at the Wassana field. The company has no debt and a solid cash position of US$145 million after significant outlays, highlighting its cash-generative operations and resilient balance sheet.
For further insights into TSE:VLE stock, check out TipRanks’ Stock Analysis page.
