Valeura Energy Inc T.VLE

Share P&S Agreement on SEDAR

[energee]

Although the share purchase agreement has a few normal redactions, much can be seen in this agreement which deals with CAPEX, accounting adjustments, shareholder approvals, warranties, indemnities,property details, deposit amounts, contingent payments (capped at USD$50MM) etc.

The document was posted on www.SEDAR.com on Dec 16.

[BERationale]

Agreed and i have been through it. The only thing that I can see that presents a risk to the deal is the DMF (Department of Minerals & Fuels) not approving the deal. There are no other outs or conditions. I see little risk of this as VLE is financially stable. Also if it was a real risk would SG be buying stock up here?! There must have been some conversations before announcement to ensure

[goldwatch69]

Yeah, they already looked at and approved the last deal. Why would this be any different? CLOSING OF GULF OF THAILAND ACQUISITION CALGARY, AB / ACCESSWIRE / June 15, 2022 / Valeura Energy Inc. (TSX:VLE, LSE:VLU) ("Valeura" or the "Company") is pleased to announce it has completed the acquisition of the entire share capital of KrisEnergy International (Thailand

[ukrop13]

This post has been removed in accordance with Community Policy

[SMlachake]

As far as I know, this deal does not involve any government entity, creat a monopoly or controlling entity, threaten the workforce, seek to terminate any contracts or anything else to do with the government or legals. In fact, it seeks to extend recoverable resources and postpone abandonment. Any government would be throwing incentives at this, chances of DMF standing in the way are zero imo.

[BERationale]

Very good points. I agree. They are keeping all of the employees and I now recall the DMF had a post on social media on November 3rd welcoming the board of VLE. I am willing to bet they gave conditional approval back then. The DMF quote: "This is a good sign for the country to increase investment opportunities and develop petroleum resources to sustainably strengthen the country's energy

[Nopump2]

Link to that post? TIA

[goldwatch69]

Click on Filings here in Stockhouse and look up Dec 16th docs