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Valeura Energy Inc. Announces Strategic Farm-in Agreement with PTTEP
Strategic Farm-in Agreement with PTTEP Major Offshore Acreage Expansion Creates New Growth Platform in the Gulf of Thailand CALGARY, AB / ACCESS Newswire / July 25, 2025 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") is ...
About this update from Energy Development Co. Ltd.
[{"type":"text","content":"Strategic Farm-in Agreement with PTTEP","length":38,"tagName":"p"},{"type":"text","content":"Major Offshore Acreage Expansion Creates New Growth Platform in the Gulf of Thailand","length":84,"tagName":"p"},{"type":"text","content":"CALGARY, AB / ACCESS Newswire / July 25, 2025 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") is pleased to announce that it has entered into a Farm-in Agreement with PTT Exploration and Production Plc ("PTTEP"), through its subsidiary, PTTEP Energy Development Company Limited to earn a 40% interest in Blocks G1/65 and G3/65 (the "Blocks"), in the offshore Gulf of Thailand (the "Farm-in").","length":468,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":441,"height":640,"url":"https://media.zenfs.com/en/accesswire.ca/f04d090a67be8a56f9f3f67de8e9e699"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Q1teOLPRTlEeQz_o4PUXYw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwMjM7Y2Y9d2VicA--/https://media.zenfs.com/en/accesswire.ca/f04d090a67be8a56f9f3f67de8e9e699","width":441,"height":640}}},{"type":"text","content":"Key Highlights","length":14,"tagName":"p"},{"type":"text","content":"· Strategic Partnership: Farm-in Agreement with PTTEP, the largest oil and gas explorer, producer, and operator in Thailand;","length":124,"tagName":"p"},{"type":"text","content":"· Substantial Acreage Expansion: Increases Valeura's gross acreage position in Thailand from 2,623 km² to 22,757 km²;","length":121,"tagName":"p"},{"type":"text","content":"· Prime Location Adjacent to Major Infrastructure: The Blocks are strategically positioned next to some of Thailand's largest producing gas fields and Valeura's oil fields;","length":180,"tagName":"p"},{"type":"text","content":"· Discoveries: 15 oil and gas discoveries on the Blocks, supported by 27 wells which encountered oil and gas pay;","length":113,"tagName":"p"},{"type":"text","content":"· Infrastructure-Led Growth: Existing discoveries and exploration prospects that the Company believes can be tied back quickly to existing oil and gas infrastructure; and","length":170,"tagName":"p"},{"type":"text","content":"· Immediate Activity: Exploration and appraisal work already underway with 3D seis...