Mr. Sean Guest reports

VALEURA ENERGY INC. ANNOUNCES COMPLETION OF NONG YAO FSO ACQUISITION

Valeura Energy Inc. has completed its acquisition of the floating storage and offloading (FSO) vessel Aurora, on location at its Nong Yao field, offshore Gulf of Thailand.

The acquisition was the result of Valeura exercising its purchase option to acquire the vessel, which it had previously leased from the seller, a member of the Omni Offshore Terminals group. The purchase price of $19-million (U.S.) was financed with the company's cash resources, and the transaction was completed on June 11, 2024, with final handover occurring offshore, on the vessel itself.

Valeura anticipates that owning as opposed to leasing the FSO vessel will provide operational flexibility and allow the company to optimize and reduce operating expenses.

About Valeura Energy Inc.

Valeura is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Turkey. The company is pursuing a growth-oriented strategy and intends to reinvest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

We seek Safe Harbor.