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BRIEF-Valeura Energy Says Q4 2019 Production Averaged 646 Boe/D

Published 2020-01-15, 02:40 a/m
Updated 2020-01-15, 01:55 p/m
© Reuters.  BRIEF-Valeura Energy Says Q4 2019 Production Averaged 646 Boe/D

Jan 15 (Reuters) - Valeura Energy Inc VLE.TO :

* AS OF DECEMBER 31, 2019 A NET WORKING CAPITAL SURPLUS OF APPROXIMATELY US$37 MILLION (CDN$48 MILLION)

* Q4 2019 PRODUCTION AVERAGED 646 BOE/D, COMPRISED OF GAS PRODUCED FROM COMPANY'S ONGOING CONVENTIONAL PROGRAMME

* PRICE REALISATIONS WERE RELATIVELY STABLE THROUGHOUT 2019, AVERAGING US$7.40/MCF (CDN$9.82/MCF) IN Q4 2019

* REVENUES INCREASED IN Q4 2019 DUE TO A COMBINATION OF HIGHER PRODUCTION AND GAS PRICES

* EXPECTS TO COMMUNICATE ITS 2020 WORK PROGRAMME AND CAPITAL EXPENDITURE OUTLOOK LATER IN Q1

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