Valeura Energy Inc.: Q2 2026 Operations Update

About this update from Valeura Energy Inc.

SINGAPORE, July 09, 2026 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company") provides an operations and financial update for Q2 2026. Highlights Dr. Sean Guest, President and CEO commented: "During Q2 2026, we once again delivered production in line with our plan and executed an ambitious development and appraisal drilling programme on our Nong Yao field which met or exceeded all pre-drill expectations. We are focused always on driving deeper efficiency into our business to enhance cash flow margins, and this quarter our efforts have delivered two new Gulf of Thailand records – the longest horizontal interval ever drilled and the first ever complex multi-lateral development well. In a single quarter, we generated record high revenue of US$259.8 million, driven by quarterly oil sales of 2.454 million bbls and high realised oil prices of US$105.8/bbl. This has strengthened our balance sheet to a 30 June 2026 cash position of US$316.5 million (including US$15.8 million recorded as restricted cash), and no debt. This increase is after having paid the 2025 taxes during the quarter of US$19.2 million, and will be boosted further by the fact that we recorded a receivable of US$42.7 million in respect of oil that was sold just prior to the end of the quarter. Based on preliminary estimates for Q2 2026, we anticipate that our free cash flow generation in the quarter will be in the order of US$100 million, a record for the Company(1).

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