RE:New Valeura Energy Inc. is a Canadian oil and gas company with operations in Thailand and Turkey. The company is involved in the exploration, development, and production of oil and natural gas, with a strategic focus on organic and inorganic growth opportunities in Southeast Asia. Valeura holds a portfolio of oil-producing assets in the Gulf of Thailand and a significant interest in a deep tight gas play in Turkey's Thrace Basin. Founded in 2010 and headquartered in Singapore, Valeura is listed on the Toronto Stock Exchange under the ticker symbol VLE.
For Q3 2024, Valeura reported a slight increase in oil production to 22,210 barrels per day, driven by new developments. However, revenue dropped due to lower oil sales and prices, although the company expects stronger performance in Q4, aided by increased oil inventories. Valeura has also been proactive in enhancing shareholder value, including initiating a share buyback program in November 202420†source21†source22†source.
You can find more information on their financial reports and corporate strategy on Valeura's official website or financial news platforms.