Amendment - Q1 2024 Operations and Financial Update

Source: wallstreet:online

SINGAPORE, April 10, 2024 (GLOBE NEWSWIRE) -- 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 Türkiye, is pleased to provide an update on Q1 2024 operations.

Highlights for Q1 2024

Sean Guest, President and CEO commented:

"I am pleased to share highlights of our Q1 2024 operational performance with production performance up 14% from Q4 2023 and very much in line with our plan. The increased production reflects strong performance of the new wells at the Wassana field, but was slightly offset by shutdowns for scheduled maintenance at two of our fields to ensure ongoing world class standards for integrity. We exited the quarter with aggregate production rates of approximately 23.0 mbbls/d.