Reserves and Production

Production

Valeura currently produces oil and natural gas from relatively shallow conventional reservoirs on its lands in the Thrace Basin of Turkey.  Net petroleum and natural gas sales in 2019 averaged 660 boe/d.

Reserves

Valeura’s crude oil and natural gas reserves were independently evaluated as at December 31, 2019 by DeGolyer and MacNaughton. Total Proved Plus Probable (2P) reserves were 7,936 Mboe, with an NPV of US$91.9 million. 

  1. See “Reader Advisories” in the Company’s press release dated March 13, 2020, announcing year-end 2019 results.
  2. Due to rounding, summations in the table may not add.