Valeura Energy Inc. Announces Significant Shareholder Acknowledgement

Rhea-AI Summary

Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) acknowledges Thoresen Thai Agencies Public Company Limited's acquisition of a 10.14% interest in its common shares. TTA purchased 10,309,900 shares on the open market, becoming the Company's second largest shareholder. President and CEO, Sean Guest, welcomes TTA to the shareholder register, emphasizing the substantial potential value in Valeura shares. TTA is a Thailand-based strategic investment holding company with diverse interests in shipping, offshore service, agrochemical, and food & beverage industries, as well as the oil & gas industry.

SINGAPORE / ACCESSWIRE / November 9, 2023 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company"), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, acknowledges the reported shareholding by Thoresen Thai Agencies Public Company Limited ("TTA") of a 10.14% interest in its common shares.

TTA has disclosed its acquisition of 10,309,900 shares in Valeura, amounting to a 10.14% interest in the Company and therefore becomes the Company's second largest shareholder. Further, TTA has announced that its purchase was conducted on the open market.

Sean Guest, President and CEO of Valeura commented:

"I am pleased to welcome TTA to our shareholder register. We continue to believe an investment in Valeura shares offers substantial potential value for both pre-existing and new shareholders alike. Having a seasoned local investor take up a substantial position in our shares validates our strategy. We intend to continue delivering value through growth, for the benefit of all our stakeholders."

TTA is a Thailand-based strategic investment holding company that is listed on the Stock Exchange of Thailand. They hold a diverse portfolio of interests covering the shipping, offshore service, agrochemical, and food & beverage industries, and have been known to invest in various facets of the oil & gas industry.

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 Enquiries) +1 403 975 6752 / +44 7392 940495
Robin James Martin, Vice President, Communications and Investor Relations
IR@valeuraenergy.com

Auctus Advisors LLP (Corporate Broker to Valeura) +44 (0) 7711 627 449
Jonathan Wright
Valeura@auctusadvisors.co.uk

CAMARCO (Public Relations, Media Adviser to Valeura) +44 (0) 20 3757 4980
Owen Roberts, Billy Clegg
Valeura@camarco.co.uk

About the Company

Valeura Energy Inc. is a Canada-based public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Turkey. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Valeura Energy Inc.

View source version on accesswire.com:
https://www.accesswire.com/801653/valeura-energy-inc-announces-significant-shareholder-acknowledgement

FAQ

What is the significance of TTA's acquisition of a 10.14% interest in Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF)?

TTA's acquisition makes them the second largest shareholder in Valeura, signaling confidence in the company's potential value.

Who is Thoresen Thai Agencies Public Company Limited?

TTA is a Thailand-based strategic investment holding company with diverse interests in shipping, offshore service, agrochemical, and food & beverage industries, as well as the oil & gas industry.

How can I contact Valeura Energy Inc. for further information?

For general corporate enquiries, contact +65 6373 6940 or email Contact@valeuraenergy.com. For investor enquiries, call +1 403 975 6752 / +44 7392 940495 or email IR@valeuraenergy.com.