Business
Valeura Energy Inc. Announces Third Quarter 2025 Results
CALGARY, AB / ACCESS Newswire / November 14, 2025 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF)...
About this update from Valeura Energy Inc.
[{"type":"text","content":"Valeura Energy Inc. Announces Third Quarter 2025 ResultsCALGARY, AB / ACCESS Newswire / November 14, 2025 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) (\"Valeura\" or the \"Company\") reports its unaudited financial and operating results for the three and nine month periods ended September 30, 2025.Q3 HighlightsOil production of 23.0 mbbls/d(1) and oil sales of 2.2 million bbls;Average realised price of US$72.1/bbl, generating revenue of US$155.7 million;Adjusted EBITDAX of US$80.7 million(2) and adjusted after tax cashflow from operations of US$73.2 million(2);Cash and net cash balance as of September 30, 2025 of US$248.4 million(2,3), with no debt;Adjusted working capital as of September 30, 2025 of US$275.2 million(2);Successful ten-well drilling campaign at block G11/48, resulting in a production increase to 24.8 mbbls/d at quarter-end(1,4);Major offshore acreage expansion through strategic farm-in agreement in the Gulf of Thailand(5);Continued progress on the Wassana field redevelopment project; andRecognised by Report on Business Magazine as Canada's No. 1 Top Growing Company, based on three-year revenue growth of 20,064%.Recent AchievementsEntered into a joint venture agreement with a subsidiary of Transatlantic Petroleum LLC (\"Transatlantic\") to explore and develop the deep rights formations of the Thrace basin of northwest Türkiye; andRecent drilling on the Jasmine field has resulted in production for the month of November to date of 24.5 mbbls/d(1,6).(1) Working interest share production, before royalties.(2) Non-IFRS financial measure or non-IFRS ratio - see\"Non-IFRS Financial Measures and Ratios\" section below.(3) Includes restricted cash of US$23.8 million.(4) Seven-day average to September 30, 2025.(5) Subject to government of Thailand approval.(6) Average from November 1 through November 12, 2025.Dr. Sean Guest, President and CEO commented:\"Our Q3 2025 results illustrate our ongoing focus on both top tier execution and setting up our business to drive value generation in the future. All of our financial and operating results are improved relative to 12 months ago, and also relative to Q2 2025.On the operational front, we safely executed a large-scale drilling campaign at our Nong Yao field which has delivered the trifecta of immediate oil production, new targets for future development, and the expectatio...