Singapore-headquartered independent Valeura Energy intends to continue to aggressively pursue value including via its aspirations to grow both organically and inorganically by way of mergers and acquisitions opportunities, which the company said it continues to see in its core Southeast Asia region.
Chief executive Sean Guest said that Valeura’s financial position is “exceptional” and positions the company “very well” for further growth.
Meanwhile, Valeura is forging ahead with the expansion of its Nong Yao oilfield offshore Thailand through the exploitation of the Nong Yao C field. The mobile offshore production unit T7 Shirley has been installed on location and preparation is under way for the MOPU’s hook-up, commissioning and the commencement of drilling activity.
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.
