CALGARY, AB / ACCESS Newswire / September 15, 2026 — Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) has received executive approval from the Government of Thailand for the transfer of interest from PTTEP Energy Development Company Limited, a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP) to Valeura. This is part of a strategic farm-in agreement concerning blocks G1/65 and G3/65 in the offshore Gulf of Thailand.
Under the terms of the agreement, Valeura will earn a 40% working interest in the blocks by covering 40% of PTTEP’s incurred back costs, along with the costs for a 163 km² 3D seismic acquisition focused on the Nong Yao Northeast area. Total costs for Valeura were estimated at US$25.6 million as of August 31, 2026, which includes an already paid deposit of US$1.85 million and US$2.8 million for the seismic acquisition, as well as other exploration costs.
Valeura and PTTEP are collaborating to plan future exploration and development phases on these blocks, and further details will be shared as they become available.
For general inquiries, contact:
Valeura Energy Inc.
Phone: +65 6373 6940
Sean Guest, President and CEO
Yacine Ben-Meriem, CFO
Email: Contact@valeuraenergy.com
For investor and media inquiries:
Phone: +1 403 975 6752
Robin James Martin, SVP, Communications and Investor Relations
Email: IR@valeuraenergy.com
Further information on Valeura and its advisors can be found on their website: www.valeuraenergy.com/investor-information/analysts/.
About Valeura Energy Inc.
Valeura Energy Inc. is a Canadian public company involved in exploring, developing, and producing petroleum and natural gas in Thailand and Türkiye. The company aims for growth while adhering to high environmental, social, and governance standards.
For additional information: Visit SEDAR+ at www.sedarplus.ca.
Caution Regarding Forward-Looking Information
This news release contains forward-looking information, which is subject to risks and uncertainties. Readers are advised to refer to the company’s annual information form for a detailed discussion of risk factors.
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This news release does not constitute an offer to sell or solicit an offer to buy securities in any jurisdiction. The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Valeura Energy Inc.
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