Valeura Implements New Share Buyback Programme

Core Viewpoint - Valeura Energy Inc. has received approval for a new Normal Course Issuer Bid (NCIB) to repurchase up to 6,298,884 common shares, representing approximately 10% of the public float as of November 6, 2025, with the bid commencing on November 20, 2025, and ending on November 19, 2026 [1][2]. Group 1: NCIB Details - The NCIB allows Valeura to purchase shares in the open market through the TSX and alternative Canadian trading systems, with all purchased shares to be cancelled [3]. - The daily maximum number of shares that can be purchased is set at 71,382, which is 25% of the average daily trading volume from May 1, 2025, to October 31, 2025 [3]. - An automatic share purchase plan will be employed to facilitate purchases during regulatory restrictions or internal trading black-out periods [3]. Group 2: Previous NCIB - The new NCIB follows an expired NCIB that ran from November 14, 2024, to November 13, 2025, under which Valeura purchased and cancelled 1,942,504 shares at an average price of C$7.1575 per share [4]. Group 3: Company Overview - Valeura Energy Inc. is a Canadian public company focused on the exploration, development, and production of petroleum and natural gas in Thailand and Türkiye, pursuing a growth-oriented strategy [5]. - The company aims to reinvest in its producing asset portfolio and deploy resources for further growth in Southeast Asia while adhering to high standards of environmental, social, and governance responsibility [5].