Valeura Energy

At EnerCom Denver, Valeura Energy presented a highly profitable business model: around 22,000 barrels per day from four offshore fields in Thailand, realized oil prices of USD 106/barrel in Q2 2025, USD 150 million cash flow and over USD 100 million free cash flow. The company reports 58 million barrels of proved reserves at the end of 2025, more than CAD 300 million in cash, no debt and total liquidity of CAD 640 million. Valeura plans organic growth through field development (especially Wassana) and inorganic expansion via three to four potentially transformative acquisitions in Southeast Asia, is also evaluating gas projects with PTTEP, and currently does not intend to pay dividends. » More on de.investing.com

Valeura has successfully completed a drilling campaign at the Nong Yao field (Block G11/48): one exploration and seven horizontal development wells (90% operated interest), all brought into production as producing wells. The NYA-42ST1 well reached a horizontal length of 4,960 feet, setting a record in the Gulf of Thailand. The first multilaterally completed well of complex design (NYB-02ST1) opened two separate horizontal production legs. Production from Nong Yao rose to around 10,500 barrels per day in the most recent seven-day period (Valeura share before royalties). The mobile platform has been moved to the Jasmine field (Block B5/27, 100% Valeura), where a five-well program is planned, including a two-branch multilateral development well. » More on de.investing.com

At Valeura Energy’s annual general meeting, Deloitte & Touche LLP (Singapore) was approved as auditor, and the grant of unallocated options, performance share units and restricted share units was approved. Eight directors were elected to the board; Dr. W. Sean Guest and Timothy N. Chapman each received 97.58% support, Dr. Timothy R. Marchant 94.30%. Chalermchai Mahagitsiri received the lowest support among those elected, with 73.97%. » More on de.investing.com