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Valeura Energy Inc - Alberta, Canada-based Thailand and Turkey-focused oil and gas company - Provides an operational update and guidance outlook for 2024. Reports fourth quarter 2023 average oil production of 19,165 barrels per day, resulting in a full year 2023 average of 20,420 barrels per day. Net cash at December 31 was $150.9 million, anticipates capital expenditure and operating expenditure performance within or below guidance for the full year 2023. Gives 2024 oil production guidance of 21,500 to 24,500 barrels per day, net to Valeura’s working interest. Provides 2024 capex guidance of $135-$155 million, plus exploration expense of around $8 million and opex guidance of $205-$235 million.
Current stock price: C$2.88
12-month change: up 4.7%
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