Valeura Energy Inc. reported unaudited consolidated financial and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported petroleum and natural gas revenues of CAD 5.330 million against CAD 5.466 million a year ago. Funds flow from operations was CAD 3.011 million against CAD 2.940 million a year ago. Net loss was CAD 0.171 million against CAD 4.711 million a year ago. Capital expenditures were CAD 2.515 million against CAD 8.024 million a year ago.

For the nine months, the company reported petroleum and natural gas revenues of CAD 18.077 million compared to CAD 14.737 million for the same period of last year. Funds flow from operations was CAD 9.932 million compared to CAD 6.192 million for the same period of last year. Net loss was CAD 0.393 million compared to CAD 7.717 million for the same period of last year. Capital expenditures were CAD 8.455 million compared to CAD 21.143 million for the same period of last year.

For the quarter, the company reported crude oil was 7 bbl/d compared with 16 bbl/d a year ago. Natural gas was 5,943 Mcf/d against 5,708 Mcf/d a year ago.

For the nine months, the company reported crude oil was 7 bbl/d compared with 17 bbl/d a year ago. Natural gas was 6,741 Mcf/d against 5,050 Mcf/d a year ago.

The Corporation expects to complete a final net capital expenditure program in Turkey of approximately CAD 11 to CAD 1 million (net) in 2014, focused almost entirely on natural gas development on the TBNG JV lands.