16th Jan 2024 17:52
Valeura Energy Inc - Alberta, Canada-based Thailand and Turkey-focused oil and gas company - Provides an operational update and guidance outlook for 2024. Reports fourth quarter 2023 average oil production of 19,165 barrels per day, resulting in a full year 2023 average of 20,420 barrels per day. Net cash at December 31 was USD150.9 million, anticipates capital expenditure and operating expenditure performance within or below guidance for the full year 2023. Gives 2024 oil production guidance of 21,500 to 24,500 barrels per day, net to Valeura's working interest. Provides 2024 capex guidance of USD135-USD155 million, plus exploration expense of around USD8 million and opex guidance of USD205-USD235 million.
Current stock price: CAD2.88
12-month change: up 4.7%
By Jeremy Cutler, Alliance News reporter
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