10:45 AM EST - Valeura Energy Inc. : Provided an operations update. Valeura is pleased to announce that it has increased its ownership stake of the special purpose vehicle subsidiary company, Valeura Energy Asia Pte. Ltd. (the "SPV") from 85% to 87.5% as the result of Valeura's cumulative cash contributions to the SPV. For clarity, the SPV is the corporate entity through which Valeura conducts all of its Thailand business. Accordingly, this increased ownership stake applies to the entire portfolio of Thailand assets, whether owned or proposed to be acquired by Valeura. Valeura has received formal notification of the recertification of its Mobile Production Unit Ingenium, thereby enabling its ongoing use as the production and processing facility for crude oil from the Wassana oil field on Licence G10/48, offshore Gulf of Thailand. Separately, further to the announcement of November 20, 2022, the MT Jaka Tarub crude oil storage vessel is currently undergoing planned modifications in dry dock, which are expected to be completed in early February, after which the vessel will mobilise to the Wassana field. Valeura Energy Inc.
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