{"success":true,"data":{"pressRelease":{"id":"143807","rtpr_id":"nACS0Bynla-20260915","ticker":"VLE","exchange":"TSX","all_tickers":["VLE"],"title":"Valeura Energy Inc. Announces Approval of Strategic Farm-in Agreement with PTTEP","author":"ACCESSWIRE","published_at":"2026-09-15T12:10:00.203Z","article_body":"CALGARY, AB / ACCESS Newswire (https://www.accessnewswire.com/) / September\n15, 2026 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) (\"Valeura\" or the\n\"Company\") announces that the Cabinet of the Government of Thailand has\ngranted executive approval for the transfer of interest from PTTEP Energy\nDevelopment Company Limited, a subsidiary of PTT Exploration and Production\nPublic Company Limited (\"PTTEP\") to Valeura, in connection with its strategic\nfarm-in agreement (the \"Farm-in\") to blocks G1/65 and G3/65 (the \"Blocks\") in\nthe offshore Gulf of Thailand.\n\nUnder the terms of the Farm-in, Valeura is to earn a 40% undivided working\ninterest in the Blocks by paying to PTTEP 40% of the back costs incurred, plus\nthe cost of a 163 km(2) 3D seismic acquisition over the Nong Yao Northeast\nfocus area (carried by Valeura). Total costs to be paid by Valeura were\nestimated as US$25.6 at 31 August 2026. This includes a deposit amount of\nUS$1.85 million already paid, and includes US$2.8 million in respect of the\naforementioned carried 3D seismic acquisition in addition to its share of back\ncosts for 1,184 km(2) of 3D seismic acquired over other focus areas on the\nBlocks, four exploration wells drilled in 2025, geotechnical studies, licence\naward fees, and development planning work.\n\nAs contemplated in the Farm-in, Valeura and PTTEP are continuing to share\ninformation with each other to support planning the next phases of development\nand exploration on the Blocks. The Company intends to provide further details\nin due course.\n\nFor further information, please contact:\n\nValeura Energy Inc. (General Corporate Enquiries) +65 6373 6940\nSean Guest, President and CEO\nYacine Ben-Meriem, CFO\nContact@valeuraenergy.com\n\nValeura Energy Inc. (Investor and Media Enquiries) +1 403 975 6752\nRobin James Martin, SVP, Communications and Investor Relations\nIR@valeuraenergy.com\n\nContact details for the Company's advisors, covering research analysts and\njoint brokers, including Auctus Advisors LLP, Beacon Securities Limited,\nCanaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital\nCorporation, Roth Canada Inc., and Stifel Nicolaus Europe Limited, are listed\non the Company's website at\nwww.valeuraenergy.com/investor-information/analysts/.\n\nAbout the Company\n\nValeura Energy Inc. is a Canadian public company engaged in the exploration,\ndevelopment and production of petroleum and natural gas in Thailand and\nTürkiye. The Company is executing a growth-oriented strategy, reinvesting\ninto its producing asset portfolio while deploying capital toward further\norganic and inorganic growth across Southeast Asia. Valeura is committed to\ndelivering value-accretive growth for all stakeholders, underpinned by high\nstandards of environmental, social and governance responsibility.\n\nAdditional information relating to Valeura is also available on SEDAR+ at\nwww.sedarplus.ca.\n\nAdvisory and Caution Regarding Forward-Looking Information\n\nCertain information included in this news release constitutes forward-looking\ninformation under applicable securities legislation. Such forward-looking\ninformation is for the purpose of explaining management's current expectations\nand plans relating to the future. Readers are cautioned that reliance on such\ninformation may not be appropriate for other purposes, such as making\ninvestment decisions. Forward-looking information typically contains\nstatements with words such as \"anticipate\", \"believe\", \"expect\", \"plan\",\n\"intend\", \"estimate\", \"propose\", \"project\", \"target\" or similar words\nsuggesting future outcomes or statements regarding an outlook. Forward-looking\ninformation in this news release includes, but is not limited to: the\nCompany's intention to provide further details on forward exploration and\ndevelopment plans in due course.\n\nForward-looking information is based on management's current expectations and\nassumptions regarding, among other things: political stability of the areas in\nwhich the Company is operating; continued safety of operations and ability to\nproceed in a timely manner; continued operations of and approvals forthcoming\nfrom governments and regulators in a manner consistent with past conduct;\nfuture drilling activity on the required/expected timelines; the prospectivity\nof the Company's lands; the continued favourable pricing and operating\nnetbacks across its business; future production rates and associated operating\nnetbacks and cash flow; decline rates; future sources of funding; future\neconomic conditions; the impact of inflation of future costs; future currency\nexchange rates; interest rates; the ability to meet drilling deadlines and\nfulfil commitments under licences and leases; future commodity prices; the\nimpact of the ongoing conflicts between the U.S.-Israel and Iran, and between\nRussia and Ukraine; royalty rates and taxes; future capital and other\nexpenditures; the success obtained in drilling new wells and working over\nexisting wellbores; the performance of wells and facilities; the availability\nof the required capital to funds its exploration, development and other\noperations, and the ability of the Company to meet its commitments and\nfinancial obligations; the ability of the Company to secure adequate\nprocessing, transportation, fractionation and storage capacity on acceptable\nterms; the capacity and reliability of facilities; the application of\nregulatory requirements respecting abandonment and reclamation; the\nrecoverability of the Company's reserves and contingent resources; future\ngrowth; the sufficiency of budgeted capital expenditures in carrying out\nplanned activities; the impact of increasing competition; the ability to\nefficiently integrate assets and employees acquired through acquisitions;\nglobal energy policies going forward; future debt levels; and the Company's\ncontinued ability to obtain and retain qualified staff and equipment in a\ntimely and cost efficient manner. In addition, the Company's work programmes\nand budgets are in part based upon expected agreement among joint venture\npartners and associated exploration, development and marketing plans and\nanticipated costs and sales prices, which are subject to change based on,\namong other things, the actual results of drilling and related activity,\navailability of drilling, offshore storage and offloading facilities and other\nspecialised oilfield equipment and service providers, changes in partners'\nplans and unexpected delays and changes in market conditions. Although the\nCompany believes the expectations and assumptions reflected in such\nforward-looking information are reasonable, they may prove to be incorrect.\n\nForward-looking information involves significant known and unknown risks and\nuncertainties. Exploration, appraisal, and development of oil and natural gas\nreserves and resources are speculative activities and involve a degree of\nrisk. A number of factors could cause actual results to differ materially from\nthose anticipated by the Company including, but not limited to: the ability of\nmanagement to execute its business plan or realise anticipated benefits from\nacquisitions; the risk of disruptions from public health emergencies and/or\npandemics; competition for specialised equipment and human resources; the\nCompany's ability to manage growth; the Company's ability to manage the costs\nrelated to inflation; disruption in supply chains; the risk of currency\nfluctuations; changes in interest rates, oil and gas prices and netbacks;\npotential changes in joint venture partner strategies and participation in\nwork programmes; uncertainty regarding the contemplated timelines and costs\nfor work programme execution; the risks of disruption to operations and access\nto worksites; potential changes in laws and regulations, the uncertainty\nregarding government and other approvals; counterparty risk; the risk that\nfinancing may not be available; risks associated with weather delays and\nnatural disasters; and the risk associated with international activity. See\nthe Company's most recent annual information form and the MD&A for a detailed\ndiscussion of the risk factors.\n\nThe forward-looking information contained in this new release is made as of\nthe date hereof and the Company undertakes no obligation to update publicly or\nrevise any forward-looking information, whether as a result of new\ninformation, future events or otherwise, unless required by applicable\nsecurities laws. The forward-looking information contained in this new release\nis expressly qualified by this cautionary statement.\n\nThis news release does not constitute an offer to sell or the solicitation of\nan offer to buy securities in any jurisdiction, including where such offer\nwould be unlawful. This news release is not for distribution or release,\ndirectly or indirectly, in or into the United States, Ireland, the Republic of\nSouth Africa or Japan or any other jurisdiction in which its publication or\ndistribution would be unlawful.\n\nNeither the Toronto Stock Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the Toronto Stock Exchange) accepts\nresponsibility for the adequacy or accuracy of this news release.\n\nThis information is provided by Reach, the non-regulatory press release\ndistribution service of RNS, part of the London Stock Exchange. Terms and\nconditions relating to the use and distribution of this information may apply.\nFor further information, please contact rns@lseg.com or visit www.rns.com.\n\nSOURCE: Valeura Energy Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/valeura-energy-inc.-announces-approval-of-strategic-farm-in-agreement-with-pttep-1221100)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACS0Bynla-20260915","title":"Valeura Energy Inc. Announces Approval of Strategic Farm-in Agreement with PTTEP","author":"ACCESSWIRE","ticker":"VLE","created":"2026-09-15T12:10:00.203Z","tickers":["VLE"],"exchange":"TSX","article_body":"CALGARY, AB / ACCESS Newswire (https://www.accessnewswire.com/) / September\n15, 2026 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) (\"Valeura\" or the\n\"Company\") announces that the Cabinet of the Government of Thailand has\ngranted executive approval for the transfer of interest from PTTEP Energy\nDevelopment Company Limited, a subsidiary of PTT Exploration and Production\nPublic Company Limited (\"PTTEP\") to Valeura, in connection with its strategic\nfarm-in agreement (the \"Farm-in\") to blocks G1/65 and G3/65 (the \"Blocks\") in\nthe offshore Gulf of Thailand.\n\nUnder the terms of the Farm-in, Valeura is to earn a 40% undivided working\ninterest in the Blocks by paying to PTTEP 40% of the back costs incurred, plus\nthe cost of a 163 km(2) 3D seismic acquisition over the Nong Yao Northeast\nfocus area (carried by Valeura). Total costs to be paid by Valeura were\nestimated as US$25.6 at 31 August 2026. This includes a deposit amount of\nUS$1.85 million already paid, and includes US$2.8 million in respect of the\naforementioned carried 3D seismic acquisition in addition to its share of back\ncosts for 1,184 km(2) of 3D seismic acquired over other focus areas on the\nBlocks, four exploration wells drilled in 2025, geotechnical studies, licence\naward fees, and development planning work.\n\nAs contemplated in the Farm-in, Valeura and PTTEP are continuing to share\ninformation with each other to support planning the next phases of development\nand exploration on the Blocks. The Company intends to provide further details\nin due course.\n\nFor further information, please contact:\n\nValeura Energy Inc. (General Corporate Enquiries) +65 6373 6940\nSean Guest, President and CEO\nYacine Ben-Meriem, CFO\nContact@valeuraenergy.com\n\nValeura Energy Inc. (Investor and Media Enquiries) +1 403 975 6752\nRobin James Martin, SVP, Communications and Investor Relations\nIR@valeuraenergy.com\n\nContact details for the Company's advisors, covering research analysts and\njoint brokers, including Auctus Advisors LLP, Beacon Securities Limited,\nCanaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital\nCorporation, Roth Canada Inc., and Stifel Nicolaus Europe Limited, are listed\non the Company's website at\nwww.valeuraenergy.com/investor-information/analysts/.\n\nAbout the Company\n\nValeura Energy Inc. is a Canadian public company engaged in the exploration,\ndevelopment and production of petroleum and natural gas in Thailand and\nTürkiye. The Company is executing a growth-oriented strategy, reinvesting\ninto its producing asset portfolio while deploying capital toward further\norganic and inorganic growth across Southeast Asia. Valeura is committed to\ndelivering value-accretive growth for all stakeholders, underpinned by high\nstandards of environmental, social and governance responsibility.\n\nAdditional information relating to Valeura is also available on SEDAR+ at\nwww.sedarplus.ca.\n\nAdvisory and Caution Regarding Forward-Looking Information\n\nCertain information included in this news release constitutes forward-looking\ninformation under applicable securities legislation. Such forward-looking\ninformation is for the purpose of explaining management's current expectations\nand plans relating to the future. Readers are cautioned that reliance on such\ninformation may not be appropriate for other purposes, such as making\ninvestment decisions. Forward-looking information typically contains\nstatements with words such as \"anticipate\", \"believe\", \"expect\", \"plan\",\n\"intend\", \"estimate\", \"propose\", \"project\", \"target\" or similar words\nsuggesting future outcomes or statements regarding an outlook. Forward-looking\ninformation in this news release includes, but is not limited to: the\nCompany's intention to provide further details on forward exploration and\ndevelopment plans in due course.\n\nForward-looking information is based on management's current expectations and\nassumptions regarding, among other things: political stability of the areas in\nwhich the Company is operating; continued safety of operations and ability to\nproceed in a timely manner; continued operations of and approvals forthcoming\nfrom governments and regulators in a manner consistent with past conduct;\nfuture drilling activity on the required/expected timelines; the prospectivity\nof the Company's lands; the continued favourable pricing and operating\nnetbacks across its business; future production rates and associated operating\nnetbacks and cash flow; decline rates; future sources of funding; future\neconomic conditions; the impact of inflation of future costs; future currency\nexchange rates; interest rates; the ability to meet drilling deadlines and\nfulfil commitments under licences and leases; future commodity prices; the\nimpact of the ongoing conflicts between the U.S.-Israel and Iran, and between\nRussia and Ukraine; royalty rates and taxes; future capital and other\nexpenditures; the success obtained in drilling new wells and working over\nexisting wellbores; the performance of wells and facilities; the availability\nof the required capital to funds its exploration, development and other\noperations, and the ability of the Company to meet its commitments and\nfinancial obligations; the ability of the Company to secure adequate\nprocessing, transportation, fractionation and storage capacity on acceptable\nterms; the capacity and reliability of facilities; the application of\nregulatory requirements respecting abandonment and reclamation; the\nrecoverability of the Company's reserves and contingent resources; future\ngrowth; the sufficiency of budgeted capital expenditures in carrying out\nplanned activities; the impact of increasing competition; the ability to\nefficiently integrate assets and employees acquired through acquisitions;\nglobal energy policies going forward; future debt levels; and the Company's\ncontinued ability to obtain and retain qualified staff and equipment in a\ntimely and cost efficient manner. In addition, the Company's work programmes\nand budgets are in part based upon expected agreement among joint venture\npartners and associated exploration, development and marketing plans and\nanticipated costs and sales prices, which are subject to change based on,\namong other things, the actual results of drilling and related activity,\navailability of drilling, offshore storage and offloading facilities and other\nspecialised oilfield equipment and service providers, changes in partners'\nplans and unexpected delays and changes in market conditions. Although the\nCompany believes the expectations and assumptions reflected in such\nforward-looking information are reasonable, they may prove to be incorrect.\n\nForward-looking information involves significant known and unknown risks and\nuncertainties. Exploration, appraisal, and development of oil and natural gas\nreserves and resources are speculative activities and involve a degree of\nrisk. A number of factors could cause actual results to differ materially from\nthose anticipated by the Company including, but not limited to: the ability of\nmanagement to execute its business plan or realise anticipated benefits from\nacquisitions; the risk of disruptions from public health emergencies and/or\npandemics; competition for specialised equipment and human resources; the\nCompany's ability to manage growth; the Company's ability to manage the costs\nrelated to inflation; disruption in supply chains; the risk of currency\nfluctuations; changes in interest rates, oil and gas prices and netbacks;\npotential changes in joint venture partner strategies and participation in\nwork programmes; uncertainty regarding the contemplated timelines and costs\nfor work programme execution; the risks of disruption to operations and access\nto worksites; potential changes in laws and regulations, the uncertainty\nregarding government and other approvals; counterparty risk; the risk that\nfinancing may not be available; risks associated with weather delays and\nnatural disasters; and the risk associated with international activity. See\nthe Company's most recent annual information form and the MD&A for a detailed\ndiscussion of the risk factors.\n\nThe forward-looking information contained in this new release is made as of\nthe date hereof and the Company undertakes no obligation to update publicly or\nrevise any forward-looking information, whether as a result of new\ninformation, future events or otherwise, unless required by applicable\nsecurities laws. The forward-looking information contained in this new release\nis expressly qualified by this cautionary statement.\n\nThis news release does not constitute an offer to sell or the solicitation of\nan offer to buy securities in any jurisdiction, including where such offer\nwould be unlawful. This news release is not for distribution or release,\ndirectly or indirectly, in or into the United States, Ireland, the Republic of\nSouth Africa or Japan or any other jurisdiction in which its publication or\ndistribution would be unlawful.\n\nNeither the Toronto Stock Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the Toronto Stock Exchange) accepts\nresponsibility for the adequacy or accuracy of this news release.\n\nThis information is provided by Reach, the non-regulatory press release\ndistribution service of RNS, part of the London Stock Exchange. Terms and\nconditions relating to the use and distribution of this information may apply.\nFor further information, please contact rns@lseg.com or visit www.rns.com.\n\nSOURCE: Valeura Energy Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/valeura-energy-inc.-announces-approval-of-strategic-farm-in-agreement-with-pttep-1221100)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-09-15T12:10:00.249314487Z","server_sent_at_ms":1789474200249},"received_at":"2026-09-15T12:10:00.384Z","source_url":"https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/valeura-energy-inc.-announces-approval-of-strategic-farm-in-agreement-with-pttep-1221100"},"analysis":{"id":"132639","press_release_id":"143807","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":["Total farm-in cost stated as 'US$25.6' without an explicit unit in the release text (implied US$25.6 million)","No resource estimates, prospectivity, or commercial metrics disclosed for the blocks — value hinges on undrilled exploration upside","Back costs cover four exploration wells drilled in 2025 whose results are not disclosed in this release"],"eventType":"regulatory","narrative":"Thailand's Cabinet has granted executive approval for the transfer of interest from PTTEP Energy Development to Valeura, clearing the government hurdle for Valeura's farm-in to blocks G1/65 and G3/65 in the offshore Gulf of Thailand.\n\nUnder the farm-in, Valeura earns a 40% undivided working interest by paying PTTEP 40% of back costs plus a carried 163 km2 3D seismic program over Nong Yao Northeast, with total costs estimated at US$25.6 million as of 31 August 2026, including a US$1.85 million deposit already paid.\n\nThe approval converts the farm-in into a firm 40% entry alongside PTTEP; the partners are now sharing data to plan the next phases of development and exploration, with further details promised in due course.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Regulatory green light locks in Valeura's 40% farm-in to Gulf of Thailand blocks for ~US$25.6M — a de-risked entry alongside PTTEP with exploration and development details still to come."},"keyFigures":{"dealValueUsd":25600000,"customDimensions":{"blocks":["G1/65","G3/65"],"carried_seismic_area_km2":163,"deposit_already_paid_usd":1850000,"working_interest_acquired":"40%","back_cost_seismic_area_km2":1184,"carried_3d_seismic_cost_usd":2800000,"exploration_wells_in_back_costs":4}},"quotedText":"the Cabinet of the Government of Thailand has granted executive approval for the transfer of interest","namedEntities":{"people":[{"name":"Sean Guest","role":"President and CEO"},{"name":"Yacine Ben-Meriem","role":"CFO"},{"name":"Robin James Martin","role":"SVP, Communications and Investor Relations"}],"products":["G1/65 block","G3/65 block","Nong Yao Northeast focus area"],"companies":[{"name":"Valeura Energy Inc.","ticker":"VLE","relationship":"filer / farminee"},{"name":"PTTEP Energy Development Company Limited","relationship":"farm-out partner (transferor of interest)"},{"name":"PTT Exploration and Production Public Company Limited (PTTEP)","relationship":"parent of farm-out partner"}],"dollarAmounts":[{"amount":"US$25.6","context":"estimated total costs to be paid by Valeura under the farm-in as of 31 August 2026 (unit not explicit in text; implied US$25.6 million)"},{"amount":"US$1.85 million","context":"deposit already paid by Valeura under the farm-in"},{"amount":"US$2.8 million","context":"carried 163 km2 3D seismic acquisition over the Nong Yao Northeast focus area"}]},"materialImpact":{"score":3,"reasoning":"Thai Cabinet approval removes the key regulatory condition on Valeura's strategic farm-in, firming up a 40% working interest in two offshore Gulf of Thailand blocks for an estimated ~US$25.6 million — a genuine growth milestone for a small-cap E&P, though exploration upside is unquantified and there is no immediate revenue impact."},"tickerRelevance":{"others":[{"ticker":"VLERF","relevance":"OTCQX listing of the same company (filer's U.S. OTC ticker)"}],"primary":"VLE"},"globalImportance":30,"audienceRelevance":18,"eventTypeSecondary":["partnership"],"importanceComponents":{"dealSize":"~US$25.6M total implied cost, modest absolute size","tickerTier":"small-cap (TSX/OTCQX)","eventGravity":"government approval completing farm-in, a genuine strategic milestone","sectorWeight":"Energy E&P — exploration stage, no immediate production impact","geographicFocus":"Thailand offshore Gulf of Thailand","householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"regulatory","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":3,"narrative":"Thailand's Cabinet has granted executive approval for the transfer of interest from PTTEP Energy Development to Valeura, clearing the government hurdle for Valeura's farm-in to blocks G1/65 and G3/65 in the offshore Gulf of Thailand.\n\nUnder the farm-in, Valeura earns a 40% undivided working interest by paying PTTEP 40% of back costs plus a carried 163 km2 3D seismic program over Nong Yao Northeast, with total costs estimated at US$25.6 million as of 31 August 2026, including a US$1.85 million deposit already paid.\n\nThe approval converts the farm-in into a firm 40% entry alongside PTTEP; the partners are now sharing data to plan the next phases of development and exploration, with further details promised in due course.","key_figures":{"dealValueUsd":25600000,"customDimensions":{"blocks":["G1/65","G3/65"],"carried_seismic_area_km2":163,"deposit_already_paid_usd":1850000,"working_interest_acquired":"40%","back_cost_seismic_area_km2":1184,"carried_3d_seismic_cost_usd":2800000,"exploration_wells_in_back_costs":4}},"named_entities":{"people":[{"name":"Sean Guest","role":"President and CEO"},{"name":"Yacine Ben-Meriem","role":"CFO"},{"name":"Robin James Martin","role":"SVP, Communications and Investor Relations"}],"products":["G1/65 block","G3/65 block","Nong Yao Northeast focus area"],"companies":[{"name":"Valeura Energy Inc.","ticker":"VLE","relationship":"filer / farminee"},{"name":"PTTEP Energy Development Company Limited","relationship":"farm-out partner (transferor of interest)"},{"name":"PTT Exploration and Production Public Company Limited (PTTEP)","relationship":"parent of farm-out partner"}],"dollarAmounts":[{"amount":"US$25.6","context":"estimated total costs to be paid by Valeura under the farm-in as of 31 August 2026 (unit not explicit in text; implied US$25.6 million)"},{"amount":"US$1.85 million","context":"deposit already paid by Valeura under the farm-in"},{"amount":"US$2.8 million","context":"carried 163 km2 3D seismic acquisition over the Nong Yao Northeast focus area"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-15T12:11:01.472Z","global_importance":30,"audience_relevance":18,"importance_components":{"dealSize":"~US$25.6M total implied cost, modest absolute size","tickerTier":"small-cap (TSX/OTCQX)","eventGravity":"government approval completing farm-in, a genuine strategic milestone","sectorWeight":"Energy E&P — exploration stage, no immediate production impact","geographicFocus":"Thailand offshore Gulf of Thailand","householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":61074,"modelName":"glm-5.3-flash"}}