Financial PositionValeura reported a net cash position of $238 million at end-March.
Operational PerformanceThe 100% drilling success rate, which has yielded discoveries at Niramai, Wassana North, and Nong Yao D also bodes well for future production and reserves growth.
Production And ReservesValeura has confirmed that it has taken FID on redevelopment of the Wassana field, which will increase 2P reserves to 20.5 mmbbls.
Project EconomicsTaking FID at Wassana demonstrates the strength of economics from the project and also the strength of Valeura's balance sheet, such that it is in a position to reinvest, despite the current market volatility.