Valeura Energy Inc. · TSX:VLE
Valeura Energy — CGFF Conference / GCFF AWC財富匯 2026
18 slides from Valeura Energy's conference presentation, September 2026
Slide 1: Corporate Update: Adding Value Through Growth
CORPORATE UPDATE 公司最新動態 Adding Value Through Growth 通過增長創造價值 CGFF Conference / GCFF AWC財富匯 September 2026 / 2026年9月
Slide 2: Disclaimers and Advisories
DISCLAIMERS AND ADVISORIES / 免責聲明及提示 General Advisory The information contained in this presentation does not purport to be all-inclusive or contain all information that readers may require. Prospective Maps The Gulf of Thailand maps featured in this presentation has been compiled by Valeura based o
Slide 3: Share Price Performance Since 01 Jan 2022
Share Price Performance Since 01 Jan 2022 (TSX: VLE) FOCUSSED ON VALUE / 專注於创造价值 自2022年1月1日以來的股價表現 Farm-in PTTEP Thailand(1) 16 入股泰國PTTEP 16 RECOGNISED VALUE DELIVERY 14 Acquisition Mubadala Energy 14 Thailand Acquisition 公認的價值交付 12 KrisEnergy Thailand 收購泰國 Mubadala Energy 12 C$/share 收購 泰國KrisEnerg
Slide 4: Valeura's Priorities
VALEURA’S PRIORITIES / VALEURA的優先事項 STRATEGY / 我們的戰略 DELIVER VALUE THROUGH GROWTH 通過增長交付價值 MAXIMISE CASHFLOW FROM INORGANIC GROWTH OPERATIONAL EXCELLENCE CORE ORGANIC PORTFOLIO 無機增長 核心 卓越運營 將有機投資組合的現金流最大化 ▪ Re-invest to replace/grow ▪ Executive with proven ▪ Accretive M&A based on value reserves int
Slide 5: Material Producing Portfolio
PORTFOLIO / 投資組合 Thailand 泰國 MATERIAL PRODUCING PORTFOLIO 由實質生產資產組成的投资组合 Manora Cambodia Myanmar 70% OPERATED WI 2.0 MBBLS/D(1) 70%作業權益 2000桶/日 • Field life extended repeatedly Jasmine 100% OPERATED WI 7.8 MBBLS/D(1) 油田壽命多次延長 100%作業權益 7800桶/日 • Exceeding expectations, ~100 mmbbls produced G1/65 超出預期
Slide 6: Wassana Redevelopment
BLOCK G10/48 / G10/48區塊 Robust Economics WASSANA REDEVELOPMENT 穩健的經濟性 PROJECT ECONOMICS (US$60/BBL) WASSANA重新開發 項目經濟性（油價60美元/桶） • 40% IRR(2) / 40%內部收益率 Project Overview / 項目概覽 • 18-month payback / 投資回收期18個月 ▪ Building a new Central Processing Platform to replace MOPU facility • US$12-16/bbl adjusted
Slide 7: Strategic Farm-in with PTTEP
ORGANIC GROWTH / 有機增長 STRATEGIC FARM-IN WITH PTTEP 與PTTEP的戰略入股 Farm-in Overview / 入股协议概览 PTTEP partnership/合作夥伴关系 • Valeura earns a 40% non-operated working interest (1) NATIONAL OIL COMPANY OF THAILAND Valeura獲得40%非作業權益 泰國國家石油公司 Cambodia/ Thaila nd Overla pping Claims Area • Valeura pays 40% of bac
Slide 8: Block G3/65 Early Focus Areas
Nong Yao BLOCK G3/65 EARLY FOCUS AREAS NE Expl’n G3/65區塊早期重點區域 Nong Yao 東北勘探 DISCOVERIES AND PROSPECTS Block G11/48 油氣發現區與遠景区 Nong Yao Northeast Oil Focus Area Nong Yao東北石油重點區域 Bussabong Nong Yao field Oil prospects Gas Development Potential prospect clusters ▪ Prospects identified on existing 3D se
Slide 9: Gulf of Thailand Geology
GULF OF THAILAND GEOLOGY 泰國灣地質情況簡介 COMPLEXITY YIELDS Conceptual Development Drilling Approach 概念性開發鑽井方案 Actual Development Drilling Example (Jasmine) 實際開發鑽井示例（Jasmine） RESERVES GROWTH New wellhead platforms built to access further fault blocks / 建造新的井口平臺以進入更多斷塊 地質複雜性帶來儲量增長 B A C D Multiple stacked r
Slide 10: Valeura Reserves
VALEURA RESERVES / VALEURA儲量 ADDING RESERVES, ADDING CASH FLOW / 增加儲量，增加現金流 218% Reserves Replacement 218%儲量替代率 Adding Future Cash Flow / 增加未來現金流 218% RRR OVER THREE YEARS / 三年內儲量替代率 BY EXTENDING ECONOMIC FIELD LIFE / 通過延長經濟油田壽命 （RRR）達218% Valeura has added (organically) substantially more reserves
Slide 11: Cash Flow – Q2 2026
CASH FLOW – Q2 2026 Q2 2026 CASHFLOW BRIDGE (US$ million) / 2026年第二季度現金流桥（百萬美元） 2026年第二季度現金流 STRONG CASHFLOW 260 31 Lifting: 2.45 mmbbls 提油量：245萬桶 Realised Price: US$105.8/bbl 實現價格：105.8美元/桶 強勁現金流 59 Q2 2026 Financials / 2026年第二季度財務數據 • Net revenue of US$260 million; up 101% / 淨收入2.6億 美元；增長101% 8 o
Slide 12: Balance Sheet
BALANCE SHEET / 資產負債表 Q2 2026 CASH BALANCE BRIDGE (US$ million) 2026年第二季度現金餘額橋（百萬美元） CONTINUING STRENGTH US$17 million Wassana Redevelopment 154 Wassana重新開發1700萬美元 持續增強 55 5 342 Q2 2026 Financials / 2026年第二季度財務數據 24 316 • Capex and expex of US$55 million / 資本支出和勘探支 19 7 出為5500萬美元 262 • FCF: Generate
Slide 13: Debt Facility
640 DEBT FACILITY / 債務融資 >US$ mm(3) SUBSTANTIAL LIQUIDITY / 流動性充裕 超過6.4億美元 Valeura’s Maiden Debt Facility / Valeura的首筆債務融資 ▪ Revolving credit facility: US$75 million 循環信貸融資：7500萬美元 ▪ Expandable via accordion feature: additional US$250 million (1) 可通過手風琴條款擴大：額外2.5億美元 ▪ Scope to increase the accordion
Slide 14: Capital Allocation
CAPITAL ALLOCATION / 資本配置 STRONG CASH FLOW UNDERPINS OPTIONALITY / 強勁現金流支撐灵活性 Strong Cash Flow / 強勁現金流 CAPITAL / ORGANIC INVESTMENT / 資本/有機投資 Maximising • INVESTING TO MAINTAIN AGGREGATE PRODUCTION FROM EXISTING PRODUCING FIELDS AT 20 – 25 MBBLS/D INTO THE 2030’S(1 投資以將現有生產油田的總產量維持在2–2.5萬桶/日，直至2030年
Slide 15: Unique Opportunities to Create Significant Value
INORGANIC GROWTH / 無機增長 UNIQUE OPPORTUNITIES TO CREATE Myanmar SIGNIFICANT VALUE Laos 創造重大價值的獨特機遇 Thailand Cambodia Compelling Regional Market Dynamics / 引人注目的區域市場動態 Phil. ATTRACTIVE REGION AL MARKET REDUCED # OF OPERATORS SHALLOWER BUYER POOL 有吸引力的區域市場 作業者數量減少 潛在買家數量較少 • Declining oil and gas produ
Slide 16: Key Messages
KEY MESSAGES / 核心信息 OPERATIONS ARE ON MARGINS ARE SEIZING TRACK STRONG OPPORTUNITY 運營步入正軌 利潤率強勁 把握機遇 PRODUCTION INNOVATION PRICE CASH FLOW BALANCE SCOPE M&A 產量 創新 EXPOSURE 現金流 SHEET EXPANDED 並購 Is on target Multi-lateral drilling, 價格敞口 Generation has been 資產負債表 範圍擴大 pushing the envelope strong More
Slide 17: Footnotes
FOOTNOTES / 腳注 Slide 3: Recognised Value Delivery / 第三頁：公認的價值交付 1) Farm-in closing subject to government approval 2) 28 August 2026 3) ADTV 30 as of 28 August 2026 4) Q2 2026 average working interest share production before royalties 5) 30 June 2026 Slide 5: Material Producing Portfolio With Upside
Slide 18: General Corporate Inquiries
General Corporate Inquiries / 一般公司事務垂詢 Sean Guest, President and CEO / 總裁兼首席執行官 Yacine Ben-Meriem, CFO / 首席財務官 +65 6373 6940 Contact@valeuraenergy.com Investor / Media Inquiries / 投資者/媒體垂詢 Robin James Martin, SVP, Communications and Investor Relations / 傳播與投資者關系高級副總裁 +1 403 975 6752 IR@valeuraenergy