Exploration & Production | Key Wells | Capital Markets | Capital Expenditure | Drilling Program
Valeura Energy Seeking Farm-In
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Valeura Energy Inc. has reported highlights of its unaudited financial and operating results for the three month period ended December 31, 2014, audited results for the year ended December 31, 2014, year-end 2014 reserves and an update on subsequent developments.
OutlookThe Corporation expects to execute a capital expenditure budget of up to $18 to 20 million (net) in Turkey in 2015, focused on natural gas development in the Thrace Basin, contingent on the level of operating cash flow from the TBNG-PTI JV lands. The work program and budget aims to achieve the following key objectives in 2015:
Offset natural declines and achieve 5 to 10% production growth in 2015 on the TBNG-PTI JV lands from a program funded by available cash and operating cash flow; Pursue the shallow conventional gas…Finish this article — free account or subscription
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