Certain information included in this report constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “target” or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this document includes, but is not limited to: the Company’s aim to integrate the considerations of sustainability into its organisational decision-making; Valeura’s participation in biodiversity initiatives continuing throughout 2026; the Company’s evaluation of new opportunities in Southeast Asia; Valeura’s continued pursuit of a broad stakeholder engagement and management strategy; Valeura’s continued support of the communities in which the Company operates; the Company’s continued pursuit of its strategy to add value for shareholders; the Company’s expectations that no “major” or “massive” climate-related risks are expected within the next 10-year period; the Company’s ability to manage the growth of Valeura’s business in the future; the anticipated Scope 1 GHG emission reduction in 2025 being approximately 425.75 tonnes CO2e as part of the Ban Yen Bi-Fuel Project; the Company’s anticipated reduction of Scope 1 GHG reaching 14,701.43 tonnes CO2e from the Jasmine Low BTU Generator Project in 2025; the Company continuing to see a decrease of 7,358.85 tonnes CO2e per year under the Marine Vessel Diesel Fuel Reduction Initiatives Project; the Company’s intent to continue investing in economically viable GHG reduction projects and to report on GHG reductions; estimated greenhouse gas reduction; Valeura’s expectation to extend certification of the Wassana field; the Company’s planned implementation for a phased programme to monitor critical IT infrastructure; the potential for the Continuous Improvement programme to generate further value upsides in years to come.
Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; royalty rates and taxes; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.
Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company. Certain forward-looking information in this report may also constitute “financial outlook” within the meaning of applicable securities legislation. Financial outlook involves statements about Valeura’s prospective financial performance or position and is based on and subject to the assumptions and risk factors described above in respect of forward-looking information generally as well as any other specific assumptions and risk factors in relation to such financial outlook noted in this document. Such assumptions are based on management’s assessment of the relevant information currently available, and any financial outlook included in this document is made as of the date hereof and provided for the purpose of helping readers understand Valeura’s current expectations and plans for the future. Readers are cautioned that reliance on any financial outlook may not be appropriate for other purposes or in other circumstances and that the risk factors described above or other factors may cause actual results to differ materially from any financial outlook. The forward-looking information contained in this report is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws.
The forward-looking information contained in this report is expressly qualified by this cautionary statement.
In preparing this report, the Company relied on certain guidelines, taxonomies, methodologies, frameworks, market practices and advice and other standards (collectively, “Standards”). These Standards may evolve, and new Standards may be published, which may may require the Company to amend or restate the information contained in this report from time to time.
This report also relies on data and information obtained from third-party sources. Although Valeura believes these sources are reliable, it has not independently verified this data, or assessed the underlying assumptions, and cannot guarantee its accuracy or completeness. The data and assumptions may be of varying quality or usefulness and may change over time as Standards evolve.
