Productive Infill Drilling Extends Life of Valeura's Nong Yao Oil Field

• Valeura successfully completed infill drilling at its Nong Yao oil field, exceeding expectations with three new producers and an appraisal well revealing additional potential.

• The appraisal well identified about 50 feet of new oil pay, leading to 2-4 more development targets in the future.

• Valeura remains on track for commercializing the Nong Yao C accumulation in Q1 2024.

• The drilling rig has moved to the Wassana field for three development wells before returning to Nong Yao in Q1 2024.