Valeura Energy stock: Wassana remains key catalyst before Q3 results

Valeura Energy reported its third-quarter operating update on October 7, 2026, with production on plan and new milestones across its Thai portfolio. The company's latest release said working-interest production averaged 22.1 thousand barrels of oil per day before royalties, while cash reached USD 384.9 million at September 30 with no debt. The full unaudited third-quarter results are due on November 11.

Valeura Energy stock traded at 10.55 euros on Lang & Schwarz at 17:01:52 CET on Monday, November 2, 2026. That compares with 10.90 euros at 12:51 CET in the latest own report, a 3.21 percent decline between the two reports. The real-time quote of Valeura Energy stock remains available for investors.

Thailand Projects Add Growth Options

According to Valeura Energy's Q3 2026 Operations Update, oil sales reached 2.013 million barrels at an average realised price of USD 97.4 per barrel, producing revenue of USD 196.1 million. The company said these figures were preliminary and unaudited, and revenue included a USD 22.5 million receivable for oil sold shortly before quarter-end.

Valeura also reported the Suraphi oil discovery on Block G1/48, where it holds a 90 percent operated working interest. Management said the discovery could support further oil development and extend the productive life of the nearby Manora field.

The company reached a final investment decision for the first phase of the Bussabong gas field on Block G3/65. Valeura has a planned 40 percent non-operated interest, with Thailand's cabinet having granted executive approval for the assignment.

Wassana Sets The Next Test

Onshore construction of the Wassana central processing platform on Block G10/48 finished on October 1, 2026. The jacket and platform were loaded for transport and field installation, while development drilling was planned for late 2026. Valeura continues to target first oil from the platform around the beginning of the second quarter of 2027, with the accelerated redevelopment schedule about two months ahead of the original plan.

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More news and analyses on Valeura Energy stock will follow the November results, the Wassana installation and progress on Suraphi and Bussabong.