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Valeura Energy Inc. CALGARY, AB / ACCESSWIRE / August 5, 2022 / Valeura Energy Inc. (TSX:VLE) ("Valeura" or the "Company"), the upstream oil and gas company with assets in the Thrace Basin of Turkey and in the offshore Gulf of Thailand, reports its unaudited financial and operating results for the three and six month periods ended June 30, 2022. In Q2 2022, Valeura signed and then closed a share purchase agreement to acquire KrisEnergy International (Thailand) Holdings Ltd. which owns and operates two licences in the offshore Gulf of Thailand (the "Acquisition"). The Acquisition includes the suspended Wassana oil field and the fully appraised Rossukon oil field. Additionally, through a separate agreement, the Company has agreed to acquire the Mobile Production Unit Ingenium ("MOPU") which is on location at the Wassana oil field. Highlights Announced the independent third-party reserves and resources assessment associated with the Acquisition: proved and probable (2P) reserves of 6.5 million bbls of oil at Wassana, best estimate (2C) unrisked contingent resources of 4.7 million bbls of oil at Rossukon (development pending), on a net working interest basis 1 ; Commenced planning and procurement activities to re-activate production at the Wassana oil field, with aim of […]
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