• Valeura continues to execute on its acquisition strategy in Thailand. Valeura Energy Asia (85% owned by Valeura) is acquiring 3 shallow water licences in the Gulf of Thailand with total net oil production of 21.2 mbbl/d and net 2P reserves of 24.1 mmbbl (at YE21) from Mubadala Energy for just US$10.4 mm in cash. Additional consideration of up to US$50 mm is payable if the Dubai oil benchmark averages >US$100/bbl in 2022, 2023 or 2024.
• With an effective date of 31/08/22 and ~US$12 mm post tax ....
