Valeura Energy wraps up Gulf of Thailand assets acquisition

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. 

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