Valeura Energy Inc. Responds to Thailand’s Call for Domestic Energy Prioritisation

Toronto, Canada – 3 March 2026 – Valeura Energy Inc. (TSX: VLE; OTCQX: VLERF) confirmed that Thailand’s Ministry of Energy has requested domestic oil producers to support national energy security amid disruptions to Middle‑East supplies. The Ministry’s directive calls for the postponement of planned downtime at oil production facilities and the temporary suspension of crude‑oil exports.

Valeura stated that it is seeking clarification from the Ministry to ensure full compliance with the request while maintaining its operational schedule. The company affirmed that its production activities in Thailand will continue as normal and that it remains committed to the highest standards of health, safety, and environmental stewardship.

Impact on Valeura’s Operations

  • Production Continuity: Valeura maintains that the new government action will not impede its ongoing operations.
  • Domestic Market Share: Approximately one‑third of Valeura’s crude oil is sold to Thailand’s domestic market, which includes refiners and blenders familiar with the company’s product streams.
  • Export Suspension: The temporary halt on crude exports could affect supply to foreign markets but is expected to be limited by the company’s existing domestic sales base.

Market Context

Thailand imports about 92 % of its daily crude‑oil requirements, largely from the Middle East. Past geopolitical disruptions have prompted similar requests to bolster national energy security. Valeura’s participation aligns with the Ministry’s objectives of maintaining domestic supply continuity.

Company Overview

Valeura Energy Inc. is an exploration and production company focused on petroleum and natural‑gas assets in the Thrace Basin of Northwest Turkey. The company trades on the Toronto Stock Exchange and operates under a market capitalization of approximately 1.19 billion CAD. Its latest closing price on 3 March 2026 was 11.42 CAD, with a 52‑week high of 11.52 CAD and a 52‑week low of 6.06 CAD. The price‑to‑earnings ratio stands at 3.59.

All information is provided by the company’s press releases and reputable financial news outlets as of the stated dates.