Valeura Energy (TSE:VLE) has released an update.
Valeura Energy Inc. has announced three significant oil finds in the Gulf of Thailand, with exploration revealing new oil pay zones in the Nong Yao D area and the Wassana concession’s north-east region. The discoveries are part of the company’s strategy to enhance value through growth and near-field exploration, and these results are expected to broaden the company’s opportunities. Valeura is now focused on further drilling and development to boost production and cash flow, taking advantage of rising oil prices.
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