Financial PerformanceValeura reported a net cash position of $238 million at end-March.
Production And ReservesThe 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.
Project DevelopmentTaking 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.