Valeura Energy Inc
TSX:VLE

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Valeura Energy Inc
TSX:VLE
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Price: 7.89 CAD 5.06% Market Closed
Market Cap: 835.9m CAD

Valeura Energy Inc
Investor Relations

Valeura Energy, Inc. engages in the exploration, development and production of petroleum and natural gas in Turkey. The company is headquartered in Calgary, Alberta and currently employs 8 full-time employees. The company went IPO on 2004-02-09. The firm is engaged in the exploration and development of petroleum and natural gas in Turkey. The Company’s land assets are located in the Thrace Basin of Turkey. The company holds both a legal and contractual interest in deeper rights, associated with its deep tight gas play, including the South Thrace and West Thrace Production Leases, as well as a West Thrace Exploration License and two Banarli Exploration Licenses. This includes a total of approximately 0.407 million gross acres (0.337 million net acres). The firm has access to local gas markets via the existing gas transportation infrastructure, for use in testing future deep tight gas appraisal wells.

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VLE
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 17, 2025
AI Summary
Q3 2025

Strong Q3 Performance: All key operating and financial metrics improved both year-over-year and quarter-over-quarter, with production, lifting, and margins up.

Production Growth: Q3 production reached nearly 23,000 barrels per day, up 7% from last quarter, mainly driven by the successful drilling campaign at the Nong Yao field.

Cost Control: Operating costs per barrel fell to $24.8, reflecting ongoing efforts to improve efficiency.

Higher Realized Prices: Realized oil price for the quarter was $72.1 per barrel, up from $67.9 last quarter, with the crude premium to Brent expanding to $2.5.

Wassana Project Progress: Redevelopment is about 35% complete and on track for first oil in Q2 2027, with high confidence in delivering on or below budget.

PTTEP Farm-in: The strategic farm-in with PTTEP expands Valeura’s acreage and brings immediate and longer-term growth opportunities, with multiple exploration wells drilled and discoveries already made.

Balance Sheet Strength: Cash and adjusted net working capital have almost doubled year-over-year, supporting future investments and M&A.

Guidance Reconfirmed: Full-year production guidance is maintained, though expected at the lower end.

Key Financials
Production
just shy of 23,000 barrels per day
November Production
24,500 barrels per day
Operating Cost per Barrel (OpEx)
$24.8
Realized Oil Price
$72.1 per barrel
Crude Premium to Brent
$2.5
Wassana 2P Reserves
20.5 million barrels
Adjusted Cash Flow from Operations Margin
just shy of 50%
Cash and Adjusted Net Working Capital
$248 million
CapEx (Q3 2025)
$52 million
Wassana Redevelopment Spend (Q3 2025)
close to $16 million
Earnings Call Recording
Other Earnings Calls

Management

Dr. William Sean Guest B.Sc., Ph.D.
President, CEO & Director
No Bio Available
Mr. Yacine Ben-Meriem
Chief Financial Officer
No Bio Available
Dr. Grzegorz Kulawski
Chief Operating Officer
No Bio Available
Mr. Chih Hao Tang L.L.B.
Executive VP of Corporate, General Counsel & Corporate Secretary
No Bio Available
Dr. Ian Warrilow
Thailand Country Manager
No Bio Available
Mr. Robin James Martin
Vice President of Communications & Investor Relations
No Bio Available

Contacts

Address
ALBERTA
Calgary
Bow Valley Square 1, Suite 1200, 202 - 6th Avenue SW
Contacts