Valeura Energy reports 66% increase in Q3 2024 oil production due to Nong Yao C development, with revenue of $139M and a cash balance of $156M.

Valeura Energy Inc., a Canadian energy firm, reported strong Q3 2024 results with oil production averaging 22.2 mbbls/d and 26.4 mbbls/d in September, marking a 66% increase due to the Nong Yao C development. The company generated US$139 million in revenue and maintained a cash balance of US$156 million, remaining debt-free. Valeura is recognized as one of Canada's Top Growing Companies and anticipates production levels to stay around 25 mbbls/d for the remainder of 2024.

October 03, 2024
8 Articles