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Highlights
- Oil production averaged 23.9 mbbls/d despite planned shutdown
- Strong financial standing with US$238.3 million in cash and no debt
- Share repurchase program continues, with 963,401 shares bought in Q1
Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) has provided an update on its Q1 2025 operations, reporting steady performance and a strong financial position despite the volatile market conditions. The company’s oil production averaged 23.9 thousand barrels per day (mbbls/d) during the first quarter, a slight decrease of 8.4% compared to Q4 2024. The dip in production was primarily due to a planned seven-day maintenance shutdown of the Nong Yao field, which was successfully completed on schedule and within budget, with operations resuming on April 1, 2025.
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