SINGAPORE, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company") announces that the Cabinet of the Government of Thailand has granted executive approval for the transfer of interest from PTTEP Energy Development Company Limited, a subsidiary of PTT Exploration and Production Public Company Limited ("PTTEP") to Valeura, in connection with its strategic farm-in agreement (the "Farm-in") to blocks G1/65 and G3/65 (the "Blocks") in the offshore Gulf of Thailand.
Under the terms of the Farm-in, Valeura is to earn a 40% undivided working interest in the Blocks by paying to PTTEP 40% of the back costs incurred, plus the cost of a 163 km2 3D seismic acquisition over the Nong Yao Northeast focus area (carried by Valeura). Total costs to be paid by Valeura were estimated as US$25.6 at 31 August 2026. This includes a deposit amount of US$1.85 million already paid, and includes US$2.8 million in respect of the aforementioned carried 3D seismic acquisition in addition to its share of back costs for 1,184 km2 of 3D seismic acquired over other focus areas on the Blocks, four exploration wells drilled in 2025, geotechnical studies, licence award fees, and development planning work.
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As contemplated in the Farm-in, Valeura and PTTEP are continuing to share information with each other to support planning the next phases of development and exploration on the Blocks. The Company intends to provide further details in due course.
For further information, please contact:
| Valeura Energy Inc. (General Corporate Enquiries) | +65 6373 6940 |
| Sean Guest, President and CEO | |
| Yacine Ben-Meriem, CFO | |
| Contact@valeuraenergy.com | |
| Valeura Energy Inc. (Investor and Media Enquiries) | +1 403 975 6752 |
| Robin James Martin, SVP, Communications and Investor Relations | |
| IR@valeuraenergy.com | |
Contact details for the Company's advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Beacon Securities Limited, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, Roth Canada Inc., and Stifel Nicolaus Europe Limited, are listed on the Company's website at www.valeuraenergy.com/investor-information/analysts/.
About the Company
Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and Türkiye. The Company is executing a growth-oriented strategy, reinvesting into its producing asset portfolio while deploying capital toward further organic and inorganic growth across Southeast Asia. Valeura is committed to delivering value-accretive growth for all stakeholders, underpinned by high standards of environmental, social and governance responsibility.
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