Valeura plots expansion path after double swoop in Thailand

Canadian independent Valeura Energy is forging ahead with expansion plans in Thailand, having agreed to acquire assets operated by KrisEnergy and Mubadala Energy’s last year.

The Toronto-listed company is looking to boost production and conduct further exploration on both offshore assets, where it

Early last month, Valeura agreed with Mubadala to acquire its subsidiary Busrakham Oil & Gas, which has three operated offshore assets in the Gulf of Thailand.

Valeura Energy Inc (LON:VLU) 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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