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Valeura Energy Inc Announces First Quarter 2026 Results
CALGARY, AB / ACCESS Newswire / May 14, 2026 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") reports its unaudited financial and operating results for the three month period ended 31 March 2026. The complete quarterly reporting ...
About this update from Valeura Energy Inc.
[{"type":"text","content":"CALGARY, AB / ACCESS Newswire / May 14, 2026 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") reports its unaudited financial and operating results for the three month period ended 31 March 2026.","length":240,"tagName":"p"},{"type":"text","content":"The complete quarterly reporting package for the Company, including the unaudited financial statements (the "Interim Financial Statement") and associated management's discussion and analysis ("MD&A") are being filed on SEDAR+ at www.sedarplus.ca and posted the Company's website at www.valeuraenergy.com.","length":336,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Oil production of 2.0 million bbls, averaging 22,326 bbls/d(1);","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Oil sales of 1.4 million bbls, resulting in an increase in crude oil inventory;","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted opex(2) of US$25.4/bbl, in line with the Company's guidance expectations and operating costs of US$15.6/bbl(3);","length":124,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted cashflow from operations(2) of US$21.3 million;","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Purchased the Manora Princess floating storage and offloading ("FSO") vessel for US$15.5 million; and","length":111,"tagName":"p"}]},{"val":[{"type":"text","content":"Net cash of US$261.6 million(4), with no debt.","length":46,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":479,"olType":false},{"type":"text","content":"Subsequent to Q1 2026","length":21,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Record monthly oil sales in April 2026 of 0.82 mmbbls at an average realised price of US$110.4/bbl, resulting in US$90.3 million in revenue;","length":140,"tagName":"p"}]},{"val":[{"type":"text","content":"Announced a US$7 million project to add four additional well slots to the Nong Yao A platform; and","length":98,"tagName":"p"}]},{"val":[{"type":"text","content":"Chartered the Shelf Drilling Enterprise jack-up drilling rig for a term of three years.","length":87,"tagName":"p"}]},{"val":[]}],"tagName":"ul","bulletedList":true,"length":325,"o...