Aug 12 (Reuters) - Valeura Energy Inc VLE.TO :
* Q2 2019 AND POSITIVE PRODUCTION RESULTS
* Q2 2019 AVERAGE PRODUCTION OF 700 BOE/D, DOWN 5% FROM Q2 2018 AND DOWN 9% FROM Q1 2019
* Q2 2019 AVERAGE REALISED GAS PRICE OF $8.54/MCF, 15% HIGHER THAN Q2 2018 AND DOWN 7% FROM Q1 2019
* PRODUCTION REVENUE IN Q2 2019 WAS $3.3 MILLION, AN INCREASE OF 11% RELATIVE TO Q2 2018
* AS OF JUNE 30, 2019, COMPANY HAD A NET WORKING CAPITAL SURPLUS OF $52.3 MILLION COMPARED TO $56.1 MILLION AT MARCH 31, 2019
* REMAINS VERY WELL POSITIONED TO FINANCE ONGOING BCGA APPRAISAL AND ALL CORPORATE ACTIVITIES INTO 2020
* ANTICIPATES EXITING 2019 WITH IN EXCESS OF $40 MILLION OF POSITIVE WORKING CAPITAL
* QTRLY LOSS PER SHARE $0.02
* CO'S FINANCING NEEDS TO BE RE-EVALUATED BASED ON RESULTS OF ONGOING STIMULATION PROGRAMME SELECTED FOR 2020 AND BEYOND.