Valeura Energy has acquired stakes in four oil and gas projects from Mubadala Petroleum making it the largest independent working in Thailand, the Canadian oil and gas company announced on Wednesday.
The completed acquisitions include 100% interest in the B5/27 licence, which contains the Jasmine and Ban Yen fields; a 90% operating stake in the G11/48 licence, which contains the Nong Yao field; and a 70% operating interest in the G1/48 licence, which contains the Manora field.
Valeura Energy Inc (TSX:VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.
