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Energy
Valeura Energy (TSX: VLE) Reports Increase in Production and Exploration Activities for 2024
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Highlights
Valeura Energy Inc. (TSX:VLE) has published its financial and operational results for the year ending December 31, 2024. The company's achievements include significant production growth, financial strength, and exploration results.
For the year, Valeura's production increased by 12% year-over-year, reaching an average of 22,825 barrels of oil per day (bbls/d). This improvement was primarily driven by a full year of drilling operations and the development of the Nong Yao C Field. The company also achieved a 100% success rate in its exploration and appraisal activities, with successful discoveries at Niramai, Wassana North, and Nong Yao D.
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