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Valeura Energy Inc. Announces Record 2P Reserves, Higher Reserves Life Index
CALGARY, AB / ACCESS Newswire / February 10, 2026 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") announces record high proved plus probable ("2P") reserves, an increase in its 2P reserves life index ("RLI"), and a third ...
About this update from Valeura Energy Inc.
[{"type":"text","content":"CALGARY, AB / ACCESS Newswire / February 10, 2026 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") announces record high proved plus probable ("2P") reserves, an increase in its 2P reserves life index ("RLI"), and a third consecutive year of approximately 200% 2P reserves replacement ratio.","length":356,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Record high proved ("1P") reserves of 37.9 MMbbls, proved plus probable ("2P") reserves of 57.8 MMbbls, and proved plus probable plus possible ("3P") reserves of 71.2 MMbbls;","length":204,"tagName":"p"}]},{"val":[{"type":"text","content":"Adding, not just replacing reserves, with a 2P reserves replacement ratio of 192%;","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"2P reserves net present value ("NPV 10 ") before tax of US$872 million and US$692 million on an after tax basis (1) ;","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"Year-end 2025 cash position of US$306 million, and a net asset value ("NAV") of US$998 million, equating to approximately C$13 per common share (2) ;","length":159,"tagName":"p"}]},{"val":[{"type":"text","content":"RLI increased to a new record of 7.5 years, on a 2P basis (3) ; and","length":67,"tagName":"p"}]},{"val":[{"type":"text","content":"Above volumes and values do not include the recent farm-in to blocks G1/65 and G3/65 in the Gulf of Thailand, which will be additive upon completion (4) (the "Farm-in Transaction").","length":191,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":830,"olType":false},{"type":"text","content":"(1) Discounted at 10% ("NPV 10 ")(2) 2P NPV 10 after tax plus cash of US$305.7 million (no debt), using US$/C$ exchange rate of 1.3722 and 105.5 million common shares of the Company (the "Common Shares") outstanding, as at 31 December 2025(3) Based on 2P reserves divided by the mid-point of the Company's 2026 guidance production of 21 Mbbls/d(4) Subject to government approval","length":405,"tagName":"p"},{"type":"text","content":"Dr. Sean Guest, President and CEO commented:","length":44,"tagName":"p"},{"type":"text","content":""For the third tim...