Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last €0.27 EUR
Change Today -0.006 / -2.20%
Volume 0.0
83PN On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 2:00 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

valeura energy inc (83PN) Snapshot

Open
€0.27
Previous Close
€0.27
Day High
€0.27
Day Low
€0.27
52 Week High
04/16/15 - €0.53
52 Week Low
10/16/14 - €0.17
Market Cap
15.5M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
57.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VALEURA ENERGY INC (83PN)

Related News

No related news articles were found.

valeura energy inc (83PN) Related Businessweek News

No Related Businessweek News Found

valeura energy inc (83PN) Details

Valeura Energy Inc. engages in the exploration, development, and production of petroleum and natural gas in Turkey. It has interests in various oil and gas properties primarily located in the Thrace Basin in northwest Turkey and the Anatolian Basin in southeast Turkey. The company is headquartered in Calgary, Canada.

16 Employees
Last Reported Date: 03/10/15

valeura energy inc (83PN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$255.0K
Chief Financial Officer
Total Annual Compensation: C$220.0K
Vice President of Operations
Total Annual Compensation: C$205.0K
Vice President of Engineering
Total Annual Compensation: C$205.0K
Compensation as of Fiscal Year 2014.

valeura energy inc (83PN) Key Developments

Valeura Energy Inc. Announces Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2015; Reports Sales Results for the Months and Four Months Ended April 2015; Provides Capital Expenditure Guidance for the Year 2015

Valeura Energy Inc. announced unaudited earnings and operating results for the first quarter ended March 31, 2015. The company reported funds flow from operations of $3.7 million in first quarter of 2015 compared to $3.7 million, reflecting higher sales volumes, higher natural gas price realizations and lower operating costs, offset by realized foreign exchange losses and payment of discretionary employee bonuses in March. Net capital expenditures was $1.4 million in first quarter of 2015 were down 49% from $2.8 million in fourth quarter of 2014 and down 64% from $3.9 million in the first quarter 2014 due to lower drilling and completion expenditures. The company reported petroleum and natural gas revenues of $7.2 million compared to $6.7 million, net income from continuing operations of $0.1 million compared to $0.3 million for the last year. The company announced production of crude oil of 10 (bbl/d) compared to 7 (bbl/d), natural gas of 7,273 (Mcf/d) compared to 7,605 (Mcf/d) for the last year. Net corporate petroleum and natural gas sales in April 2015 averaged approximately 1,145 boe/d, reflecting the impact of natural production declines and a temporary gap in drilling. The three Gurgen wells are currently delivering in aggregate approximately 4.8 MMcf/d (gross) in sales volumes and by the end of April 2015 had achieved cumulative sales of approximately 0.8 Bcf (gross). The company expected to execute a capital expenditure program in the range of $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.

Valeura Energy Inc. Appoints Tim Marchant to Board of Directors

Valeura Energy Inc. announced the appointment of Dr. Tim Marchant to its Board of Directors. Dr. Marchant is currently Adjunct Professor of Strategy and Energy Geopolitics at the Haskayne School of Business, University of Calgary.

Valeura Energy Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Audited Earnings Results for the Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Year of 2015

Valeura Energy Inc. reported unaudited earnings results for the fourth quarter and audited earnings results for the year ended December 31, 2014. For the quarter, petroleum and natural gas revenues were CAD 6,921,000 against CAD 6,347,000 last year. Funds flow from operations was CAD 3,654,000 against CAD 3,672,000 last year. Net income from continuing operations was CAD 697,000 against net loss from continuing operations of CAD 6,854,000 last year. Capital expenditures were CAD 2,822,000 against CAD 5,809,000 last year. Funds flow from operations was up 21% from third quarter of 2014 due primarily to higher sales volumes and higher natural gas price realizations. For the year, petroleum and natural gas revenues were CAD 24,998,000 against CAD 21,084,000 last year. Funds flow from operations was CAD 13,586,000 against CAD 9,864,000 last year. Net income from continuing operations was CAD 1,090,000 against net loss from continuing operations of CAD 14,571,000 million last year. Capital expenditures were CAD 10,846,000 against CAD 26,952,000 last year. Funds flow from operations was 38% higher than 2013 due primarily to higher volumes, lower general and administrative expenses and lower operating costs, partially offset by lower natural gas price realizations. The company reported production results for the fourth quarter and year ended December 31, 2014. For the quarter, crude oil was 10 bbl/d against 14 bbl/d last yaer. Natural gas sales were 7,022 Mcf/d against 6,812 Mcf/d last year. Net petroleum and natural gas sales in Turkey in fourth quarter 2014 averaged 1,180 barrels of oil equivalent per day (‘boe/d’), which was 18% higher than sales in third quarter of 2014, including 7.0 million cubic feet per day (‘MMcf/d’) of natural gas and 10 barrels of oil per day (‘bbl/d’). For the year, crude oil sales were 8 bbl/d against 16 bbl/d last yaer. Natural gas sales were 6,812 Mcf/d against 5,494 Mcf/d last year. The company expects to execute a capital expenditure budget of up to CAD 18 million to CAD 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 play on Valeura's 100% Banarli licence with new 3D seismic and drill a licence retention well and up to two additional wells, contingent on the seismic results and the corporation's cash position; and Seek a farm-in partner(s) to pursue the deep basin-centered gas play on the TBNG-PTI JV lands and Banarli.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
83PN:GR €0.27 EUR -0.006

83PN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for 83PN.
View Industry Companies
 

Industry Analysis

83PN

Industry Average

Valuation 83PN Industry Range
Price/Earnings 25.9x
Price/Sales 1.1x
Price/Book 0.3x
Price/Cash Flow 2.1x
TEV/Sales 0.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact VALEURA ENERGY INC, please visit www.valeuraenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.