SINGAPORE, May 14, 2026 (GLOBE NEWSWIRE) — Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) reports its unaudited financial and operating results for the three month period ended 31 March 2026.
The complete quarterly reporting package for the Company, including the unaudited financial statements (the “Interim Financial Statement”) and associated management’s discussion and analysis (“MD&A”) are being filed on SEDAR+ at www.sedarplus.ca and posted the Company’s website at www.valeuraenergy.com.
Highlights
- Oil production of 2.0 million bbls, averaging 22,326 bbls/d(1);
- Oil sales of 1.4 million bbls, resulting in an increase in crude oil inventory;
- Adjusted opex(2) of US$25.4/bbl, in line with the Company’s guidance expectations and operating costs of US$15.6/bbl(3);
- Adjusted cashflow from operations(2) of US$21.3 million;
- Purchased the Manora Princess floating storage and offloading (“FSO”) vessel for US$15.5 million; and
- Net cash of US$261.6 million(4), with no debt.
Subsequent to Q1 2026
- Record monthly oil sales in April 2026 of 0.82 mmbbls at an average realised price of US$110.4/bbl, …