In today’s briefing:
- Valeura Energy (TSX: VLE): 219% reserve replacement ratio in 2023
Valeura Energy (TSX: VLE): 219% reserve replacement ratio in 2023
- YE23 1P and 2P reserves are estimated at 29.9 mmbbl and 37.9 mmbbl respectively. This represents a reserve replacement ratio of 219%.
- The reserves addition is much greater than we expected.
- Valeura has booked 7 mmbbl at Wassana (we expected only 5 mmbbl) and has replaced 112-147% of the 2023 production at each of the other fields.
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