Valeura Energy (TSE:VLE) has released an update.
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Valeura Energy Inc. has announced the completion of its drilling campaign at Nong Yao A and the commencement of development drilling at the new Nong Yao C site in the Gulf of Thailand, which is expected to significantly boost production in the latter half of the year. The company has successfully drilled two horizontal wells that are now producing oil, with one well contributing approximately 500 barrels per day and the other 1,000 barrels per day. This advancement underlines Valeura’s commitment to sustainable growth and safety, having achieved a full year without a lost time injury.
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