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An announcement from Valeura Energy ( (TSE:VLE) ) is now available.
Valeura Energy Inc. has successfully completed an infill drilling campaign at the Manora field in the Gulf of Thailand, resulting in increased oil production rates and the identification of potential future drilling targets. This campaign has raised the company’s oil production from 2,144 bbls/d to 2,866 bbls/d, demonstrating the potential for extended economic field life through targeted drilling activities.
More about Valeura Energy
Valeura Energy Inc. is an energy company involved in oil and gas exploration and production, with a focus on the Gulf of Thailand. The company engages in drilling operations to enhance oil production and appraise additional targets for future development.
YTD Price Performance: -0.28%
Average Trading Volume: 408,366
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$765.8M
See more insights into VLE stock on TipRanks’ Stock Analysis page.