Valeura Energy has closed the deal it entered into with Mubadala Petroleum in December last year to acquire the Thailand upstream oil producing portfolio of Busrakham Oil and Gas, a Mubadala Energy unit.
Through its wholly-owned subsidiary, Valeura Energy Asia, Valeura said it is now the holder of a 100 percent operated interest in License B5/27 containing the Jasmine and Ban Yen oil fields, a 90 percent operated working interest in License G11/48 containing the Nong Yao oil field, and a 70 percent operated working interest in Licence G1/48 containing the Manora oil 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.
