SINGAPORE, SINGAPORE / ACCESSWIRE / November 13, 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 nine month periods ended September 30, 2023.
Q3 2023 Highlights
· Oil production of 19,961 bbls/d;
· Average realised price of US$87.8/bbl;
· Oil sales of 1.7 million bbls, generating revenue of US$149.4 million;
· Opex per barrel of US$34.0/bbl(1);
· Capex of US$36.7 million(1);
· Adjusted cashflow from operations of US$33.9 million(1);
· Adjusted EBITDAX of US$67.2 million(1);
· Debt reduced to US$12.9 million at September 30, 2023, and subsequently to nil(1);
· Net cash balance of…
