RE:RE:Graham-Van Hollen SanctinsValeura has retained external legal counsel from the DLA Piper Washington D.C. office to provide ongoing legal counsel and monitoring of the U.S. Executive Order sanctions recently imposed against the Government of Turkey and certain Turkish parties and officials.
The Company believes its ongoing business is able to proceed unimpeded by recent sanctions. Valeura anticipates continuing its natural gas production operations, including uninterrupted sales to its existing customers in Turkey, and the Company is continuing its appraisal testing programme in relation to its unconventional gas accumulation play.
The Company has not, as of the date of this announcement, received any notice from any of its contractors or service providers of any anticipated disruption in their ability to support Valeura's ongoing operations