Valeura hits inflection point in Thailand as it scales up

Support for doing deals has been buoyed as a result of the European gas supply crisis, the CEO said. “There’s an appreciation that we’re going to need hydrocarbons and I think the money markets are seeing that as well,” he said, even while “trying to get an RBL from a bank is not going to happen”.

Valeura Energy has reached an inflection point with the acquisition of assets in Thailand from Mubadala Energy, transforming it from a minnow to the second largest producer in the country.

The company reached a deal with Mubadala in December 2022, completing it in March. Valeura paid $10.4 million for the assets, with a contingent payment of $50mn, which may be triggered by certain future prices.

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. 

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Valeura Energy

More articles like this

Valeura Energy

Thailand heatwave drives record power demand

Thailand is in the grip of a record-breaking heatwave, driving the nation’s power demand to enormous levels. The Thai Meteorological Department reported that over three dozen districts across the country’s 77 provinces experienced their highest ever

Valeura Energy

Valeura Energy 2023 Results Overview Webcast

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

Valeura Energy

Valeura Energy: Adding Value through Growth

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