Valeura Energy Inc.

09:47 AM EST - Valeura Energy Inc. : Provided a trading update for the year ended December 31, 2019. This is in advance of the Company's full financial and operating results due to be announced on March 12, 2020. As of December 31, 2019, the Company was in a strong financial position, with a net working capital surplus of approximately US$37 million (CDN$48 million). Fourth-quarter 2019 production averaged 646 boe/d, comprised of gas produced from the Company's ongoing conventional programme. This is an increase of 22% over the prior quarter, and a demonstration of how the Company's shallow gas work programme of well workovers and recompletions can offset natural declines. Valeura Energy Inc. shares T.VLE are trading up $0.05 at $0.62.