RCS - Valeura Energy Inc. - Significant Shareholder Acknowledgement

Valeura EnergyAnnouncement

09/11/2023 15:00

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RNS Number : 9865S  Valeura Energy Inc.  09 November 2023

Significant Shareholder Acknowledgement

Singapore, 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 (mailto: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 (mailto:IR@valeuraenergy.com)

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

CAMARCO (Public Relations, Media Adviser to Valeura)  +44 (0) 20 3757 4980

Owen Roberts, Billy Clegg
Valeura@camarco.co.uk (mailto: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 (http://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.

 

 

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