Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Valeura Highlights 4Q Results from Turkey Operations
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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, 2013, audited results for the year ended December 31, 2013, year-end 2013 reserves and an update on subsequent developments.
Q4 2013 Results Net sales 1,191 boe/d, up 18% from Q3 2013 Funds flow from operations $3.8 million, up 24% from Q3 2013 Operating netback $43.25 per boe 1P reserves 1.8 MMboe and 2P reserves 5.8 MMboe at year-end 2013, up 55% and 16%, respectively, from year-end 2012 Replaced 280% of corporate production at the 1P level and 326% of production at the 2P level in 2013 1P reserves value $46 MM or $0.80 per share; 2P reserves value $130 MM or $2.24 per share (NPV10 before tax) 9 additional re-entry fracs completed in new Mezardere…Finish this article — free account or subscription
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