Second Quarter 2023 Results
CALGARY, AB / ACCESSWIRE / August 9, 2023 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) (“Valeura” or the “Company”), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, reports its unaudited financial and operating results for the three and six month periods ended June 30, 2023.
Q2 2023 Highlights
· No lost time safety incidents:
· Valeura’s first full quarter of Gulf of Thailand production operations;
· Oil production of 22,097 bbls/d;
· Oil sales of 2.167 million bbls, generating revenue of US$174.2 million;
· Opex per barrel of US$22.7/bbl(1);
· Capex spending of US$33.6 million(6);
· Adjusted cash flow from operations of US$70.4 million(2);
· Adjusted EBITDAX of US$78.9 million(3); and
· Net cash balance…
