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OUR BUSINESS STRATEGYValeura is pursuing a clear strategy to add value for shareholders:VALUE CHAIN AND COMPETITIVE ADVANTAGEValeura participates exclusively in the upstream oil and gas industry. It generates value by exploring for, developing, and producing petroleum and natural gas, which is ultimately sold as unrefined (crude) petroleum to buyers for further processing, refining or blending. The Company asserts a competitive advantage by leveraging top talent to more efficiently identify, develop, and exploit hydrocarbon accumulations. Valeura focusses on driving deeper efficiency into its business to manage cost margins and ensure resilience against prevailing commodity prices, which are not directly within its control. In addition, Valeura practices thoughtful financial management to ensure a robust financial position in order to maximise optionality, paying close attention to the potential for both operational and financial synergies. The Company has engrained the notion of sustainability into its organisation. Every strategic decision considers how a potential course of action would affect the sustainability of its business, and considering the dimensions of environmental stewardship, social responsibility, and good corporate governance are always mandatory.1Organic growth %u2013 maximising cashflow and value from its existing portfolio, with a focus on further development of its assets and extending economic field life;2Inorganic growth %u2013 pursuing value-accretive merger and acquisition opportunities in Southeast Asia, guided always by the pursuit of value; and3Operational excellence %u2013 maintaining focus on operational efficiency and margins, while remaining a responsible corporate citizen.VALEURA ENERGY INC. 009