In today’s briefing:
- Valeura Energy (TSX: VLE): FID at Wassana adds 8.6 mmbbl 2P reserves
Valeura Energy (TSX: VLE): FID at Wassana adds 8.6 mmbbl 2P reserves
- • The 1Q25 production and cash position at the end of March were in line with previous indications.
- However the adjusted working capital was ~US$15 mm higher than cash given an oil inventory increase of 0.89 mmbbl.
- • Valeura has taken FID at Wassana (G10/48 licence), resulting in the conversion of 8.6 mmbbl 2C contingent resources into 2P reserves.
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