‹
Last C$0.54 CAD
Change Today +0.02 / 3.85%
Volume 886.3K
VLE On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 3:43 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

valeura energy inc (VLE) Snapshot

Open
C$0.53
Previous Close
C$0.52
Day High
C$0.54
Day Low
C$0.50
52 Week High
03/19/14 - C$0.78
52 Week Low
10/7/14 - C$0.30
Market Cap
31.3M
Average Volume 10 Days
343.9K
EPS TTM
C$-0.11
Shares Outstanding
57.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VALEURA ENERGY INC (VLE)

Related News

No related news articles were found.

valeura energy inc (VLE) Related Businessweek News

No Related Businessweek News Found

valeura energy inc (VLE) Details

Valeura Energy Inc. explores for, develops, and produces petroleum and natural gas in Turkey and Western Canada. 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; and in Alberta. The company is headquartered in Calgary, Canada.

16 Employees
Last Reported Date: 03/11/14

valeura energy inc (VLE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$248.8K
Chief Financial Officer
Total Annual Compensation: C$215.0K
Vice President of Operations
Total Annual Compensation: C$201.3K
Vice President of Engineering
Total Annual Compensation: C$201.3K
Compensation as of Fiscal Year 2013.

valeura energy inc (VLE) Key Developments

Valeura Energy Inc. Announces Drilling Results of Gurgen-2 Appraisal Well in the Thrace Basin of Turkey; Reports Turkey Net Sales for the Fourth Quarter and Full Year 2014; Announces Capital Expenditure Budget in Turkey in 2015

Valeura Energy Inc. announced successful drilling results at the Gurgen-2 appraisal well in the Thrace Basin of Turkey, which is on-stream and producing at an average restricted rate of 3.0 million cubic feet per day (MMcf/d) (gross). The Gurgen-1 discovery well was the most productive of the three discovery wells and has been on-stream for 62 days at an average restricted rate of 3.1 MMcf/d (gross) at choke sizes ranging from 18/64 to 22/64 inches. Gurgen-2, the first of two planned appraisal wells on the Gurgen discovery, was spudded on November 30 and was drilled in 14 days to a vertical depth of 2,000 metres into the Osmancik formation. The well is located approximately 500 metres southeast of Gurgen-1. The log analysis indicated 52 metres of net pay at an average porosity of 17%. This compares favourably to Gurgen-1, which intersected 57 metres of net pay with 17% average porosity. The Gurgen-2 well was cased to a depth of 1,650 metres and 11 metres of net pay was perforated as an initial completion. The well is tied-in and has been on-stream for 13 days at an average restricted rate of 3.0 MMcf/d (gross) through a 20/64 inch choke at an average flowing tubing pressure of 1,510 pounds per square inch. The second appraisal well, Gurgen-3, was spudded on January 3, 2015. The well location is approximately 500 metres southeast of Gurgen-2. The company reported Turkey net sales for the fourth quarter and full year 2014. Net petroleum and natural gas sales in Turkey in the fourth quarter of 2014 averaged 1,180 barrels of oil equivalent per day (boe/d), which were up 18% from the third quarter of 2014 and included 7.0 MMcf/d of natural gas and 10 barrels of oil per day. The preliminary estimate for the average natural gas price realization in the fourth quarter of 2014 is approximately $10.50 per thousand cubic feet (Mcf), up 9% from the third quarter of 2014. This increase reflects the impact of a 9% increase in the reference price for domestic gas sales in Turkey (priced in Turkish Lira). Net petroleum and natural gas sales in Turkey for the full year 2014 averaged 1,143 boe/d, which was up 23% from 2013. This result also exceeded the revised August 2014 production guidance range for the full year of 1,030 to 1,080 boe/d. The Corporation announced capital expenditure budget in Turkey in 2015. The Corporation announced that it plans a capital budget of up to $19 to $22 million (net) in Turkey in 2015 that is targeted to grow production volumes by 10 to 15% compared to 2014 and is expected to include the acquisition of approximately 140 square kilometres of 3D seismic and drilling of up to three exploration wells on its 100% Banarli licence in the Thrace Basin.

Valeura Energy Inc. Reports Unaudited Consolidated Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditure Guidance for 2014

Valeura Energy Inc. reported unaudited consolidated financial and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported petroleum and natural gas revenues of CAD 5.330 million against CAD 5.466 million a year ago. Funds flow from operations was CAD 3.011 million against CAD 2.940 million a year ago. Net loss was CAD 0.171 million against CAD 4.711 million a year ago. Capital expenditures were CAD 2.515 million against CAD 8.024 million a year ago. For the nine months, the company reported petroleum and natural gas revenues of CAD 18.077 million compared to CAD 14.737 million for the same period of last year. Funds flow from operations was CAD 9.932 million compared to CAD 6.192 million for the same period of last year. Net loss was CAD 0.393 million compared to CAD 7.717 million for the same period of last year. Capital expenditures were CAD 8.455 million compared to CAD 21.143 million for the same period of last year. For the quarter, the company reported crude oil was 7 bbl/d compared with 16 bbl/d a year ago. Natural gas was 5,943 Mcf/d against 5,708 Mcf/d a year ago. For the nine months, the company reported crude oil was 7 bbl/d compared with 17 bbl/d a year ago. Natural gas was 6,741 Mcf/d against 5,050 Mcf/d a year ago. The Corporation expects to complete a final net capital expenditure program in Turkey of approximately CAD 11 to CAD 1 million (net) in 2014, focused almost entirely on natural gas development on the TBNG JV lands.

Valeura Energy Inc. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014

Valeura Energy Inc. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014 . Venue: Palace Hotel, 455 Madison Avenue, New York, New York, United States.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
VLE:CN C$0.54 CAD +0.02

VLE Competitors

Market data is delayed at least 15 minutes.

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

Industry Analysis

VLE

Industry Average

Valuation VLE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 0.4x
Price/Cash Flow 2.3x
TEV/Sales 0.9x
 | 

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.

‹