Business
Valeura Energy Inc Announces Strong 2025 Delivery
SINGAPORE, SG / ACCESS Newswire / March 18, 2026 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ...
About this update from Valeura Energy Inc.
[{"type":"text","content":"Valeura Energy Inc Announces Strong 2025 DeliverySINGAPORE, SG / ACCESS Newswire / March 18, 2026 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) (\"Valeura\" or the \"Company\") reports its financial and operating results for the three month period and year ended 31 December 2025.The complete reporting package including audited financial statements, management's discussion and analysis (\"MD&A\"), and the 2025 annual information form (\"AIF\"), will be filed on SEDAR+ at www.sedarplus.ca and posted to the Company's website at www.valeuraenergy.com.Operations HighlightsOil production of 23.2 mbbls/d(1) and oil sales of 8.5 million bbls for full year 2025;Successful development and appraisal drilling across the portfolio on the Jasmine/Ban Yen, Manora, and Nong Yao fields;Proved plus probable (\"2P\") reserves replacement ratio of 192%;Reserves life index increased to a new Company record of 7.5 years, on a 2P basis; andGreenhouse gas (\"GHG\") intensity reduced by 12% for full year 2025, yielding approximately a 30% reduction since Valeura originally acquired its Thailand portfolio in 2023.Strategic HighlightsFinal investment decision taken on the Wassana field redevelopment, which will entail deployment of a new-build central processing platform (\"CPP\") facility on the field;Strategic farm-in agreement with a subsidiary of PTT Exploration and Production Plc (\"PTTEP\") to pursue exploration and infrastructure-led development opportunities on Blocks G1/65 and G3/65, offshore Gulf of Thailand(2) (the \"PTTEP Farm-In Agreement\"); andJoint venture with a subsidiary of Transatlantic Petroleum LLC (\"Transatlantic\") to explore and develop the deep rights formations of the Thrace basin of northwest Türkiye (the \"Transatlantic JVA\").Financial HighlightsRevenue of US$594.4 million based on average full year realised price of US$70.2/bbl;Adjusted after tax cashflow from operations of US$247.4 million(3);Adjusted Opex of US$222.7 million, equating to US$26.3/bbl(3); andCash and net cash balance as of 31 December 2025 of US$305.7 million(3,4), with no debt.(1) Working interest share production, before royalties.(2) Subject to approval from the Government of Thailand.(3) Non-IFRS financial measure or non-IFRS ratio - see \"Non-IFRS Financial Measures and Ratios\" section.(4) Includes restricted cash of US$23.0 million.Dr. Sean G...