09:50 AM EST - Valeura Energy Inc. : report highlights of its unaudited financial and operating results for the three-month period ended March 31. Funds flow from operations in the first quarter of 2012 was $2,938,919 compared to $4,084,943 in the fourth quarter of 2011 reflecting a 15% reduction in sales volumes and employee bonus payments, partially offset by an 8% increase in average operating netback. At March 31, 2012, the Corporation had a working capital surplus of approximately $24.1 million, including cash and cash equivalents of $22.3 million. This compares to a working capital surplus of $29.4 million, including cash and cash equivalents of $24.1 million at December 31, 2011. Valeura Energy Inc.
shares T.VLE are trading down $0.03 at $1.90.
