Valeura Energy (TSE:VLE) has released an update.
Valeura Energy Inc. has reported record financial and operational results for 2023, due to its successful acquisition and development of oil fields in the Gulf of Thailand. The company achieved an average oil production of 20,440 barrels per day, doubled its oil reserves replacement, and generated an impressive US$152 million in adjusted cash flow. By year-end, Valeura had fully repaid its debt and held a robust cash position of US$151 million, significantly strengthening its balance sheet.
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