Valeura Energy Inc. announced the mobilisation of a Mobile Offshore Production Unit ("MOPU"), destined for its Nong Yao field, and to provide an update on development drilling at the Wassana field, offshore Thailand. Highlights: MOPU TSeven Shirley being mobilised to the Nong Yao field (90% working interest), in preparation for development of the Nong Yao C accumulation, first oil expected late second quarter 2024; Valeura purchasing the Nong Yao field's floating storage and offloading vessel ("FSO") Aurora for US$19 million, providing greater operational flexibility and cost optimisation; and Wassana field (100% working interest) development drilling programme being expanded to five horizontal wells, first two wells have resulted in field output increasing to more than 4,000 bbls/d. Wassana Drilling Update: Valeura is currently executing a development drilling programme on its Wassana field (100% working interest), and in light of favourable initial results, has opted to expand the scope of the programme from three horizontal wells to five.  All three wells drilled so far have encountered their targets in line with expectations.  The first two wells have been tested and, in their first seven days of production, resulted in total field output increasing to more than 4,000 bbls/d.  The third well will be brought online in the coming days.  Management believes strong proven deliverability from the initial wells may result in an upward revision to its production expectations from the field. The Company intends to continue drilling on the Wassana field, to a total of five wells, after which the rig will mobilise to the Nong Yao field to begin Nong Yao C development drilling.