ACCESS Newswire·Nov 11, 2026, 2:00 AM ET

Valeura Energy Inc. Announces Exploration, Development, Production Success

Valeura Energy Inc. reported Q3 2026 oil production of 2.036 million barrels, averaging 22,128 bbls/d, with oil sales of 2.013 million barrels.
Average realized oil prices reached US$97.4/bbl, generating US$196.1 million in revenue, while adjusted EBITDAX rose to US$115.8 million.
The company ended Q3 2026 with a net cash position of US$384.9 million and no outstanding debt.
Exploration success was achieved on Block G1/48 with the Suraphi oil field discovery, alongside a Final Investment Decision for the first phase of the Bussabong gas field on Block G3/65.
A milestone of 100 million cumulative barrels of oil production was reached at the Jasmine/Ban Yen field on Block B5/27.
The new Wassana central processing platform was installed ahead of schedule, with production shutdowns planned for mid-November 2026 to facilitate facility upgrades.
Full year 2026 adjusted operating expenses guidance was revised upward to US$225–235 million due to higher diesel costs, while production guidance remained at 20.0–22.0 million barrels.
Valeura acquired a 40% non-operated working interest in Blocks G1/65 and G3/65, with administrative closure expected by the end of 2026.
In Türkiye, Transatlantic notified Valeura of its intent to relinquish earning rights on West Thrace leases, leaving Valeura with a 63% interest in those blocks.
The company hosted an investor webcast on November 12, 2026, to discuss these financial results and operational updates.