Valeura Energy Inc T.VLE

Significant Shareholder Acknowledgement

[Bigpond]

• November 9, 2023

Singapore, November 9, 2023: Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, acknowledges the reported shareholding by Thoresen Thai Agencies Public Company Limited (“TTA”) of a 10.14% interest in its common shares.

TTA has disclosed its acquisition of 10,309,900 shares in Valeura, amounting to a 10.14% interest in the Company and therefore becomes the Company’s second largest shareholder.  Further, TTA has announced that its purchase was conducted on the open market.

Sean Guest, President and CEO of Valeura commented:

“I am pleased to welcome TTA to our shareholder register.  We continue to believe an investment in Valeura shares offers substantial potential value for both pre-existing and new shareholders alike.  Having a seasoned local investor take up a substantial position in our shares validates our strategy.  We intend to continue delivering value through growth, for the benefit of all our stakeholders.”

TTA is a Thailand-based strategic investment holding company that is listed on the Stock Exchange of Thailand.  They hold a diverse portfolio of interests covering the shipping, offshore service, agrochemical, and food & beverage industries, and have been known to invest in various facets of the oil & gas industry

[Hannamuk]

  Thoresen norwgian origin?

[windymayor1]

Thailand based. Significant regional endoresement!

[bfw]

But why would anybody take a 10% position in a scam on the open market? Oh....doh. I guess FW really is out to lunch ;) bfw

[firstworld]

Haha... harldy investment grade when enity used is probably used to launder funds originating from and owned by the military Junta, most of it garnered from corruprion, human smuggling, and narcotics. SOP for this area.  Likely Myamar ownership as well. There is no DD in Canada snow washing haven, the worlds #1 money laundering country thanks to anti money laundering rules not applicanle to