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<title>Valeura Energy Inc.: Exploration, Development, and Production Success in Q3 2026</title>
<link>https://relleaseid.com/berita-bisnis/Valeura-Energy-Inc---Exploration--Development--and-Production-Success-in-Q3-2026</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/2456_Valeura-Energy-Inc---Exploration--Development--and-Production-Success-in-Q3-2026.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>SINGAPORE, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company") reports its unaudited financial and operating results for the three and nine month periods ended 30 September 2026.</div><div><br></div><div>The complete quarterly reporting package for the Company, including the unaudited financial statements (the "Interim Financial Statements") and associated management&#039;s discussion and analysis ("MD&A") are being filed on SEDAR+ at www.sedarplus.ca and posted the Company&#039;s website at www.valeuraenergy.com.</div><div><br></div><div>Q3 Highlights</div><div><br></div><div>Oil production of 2.036 million bbls, averaging 22,128 bbls/d(1);</div><div>Oil sales of 2.013 million bbls;</div><div>Price realisations averaged US$97.4/bbl, resulting in revenue of US$196.1 million;</div><div>Adjusted EBITDAX of US$115.8 million(2) and adjusted cashflow from operations of US$93.6 million(2);</div><div>Net cash of US$384.9 million(3), with no debt.</div><div>Exploration discovery on Block G1/48(4) ? the Suraphi oil field;</div><div>Final investment decision ("FID") on the first phase of development of the Bussabong gas field, on Block G3/65(5); and</div><div>Milestone cumulative production of 100 million bbls of oil from the Jasmine/Ban Yen field on Block B5/27(6) as of 21 September 2026.</div><div>Recent Achievements</div><div><br></div><div>Early completion and installation of the new Wassana central processing platform ("CPP") on Block G10/48(6).</div><div>(1) Working interest share production, before royalties.</div><div>(2) Non-IFRS financial measure or non-IFRS ratio ? see "Non-IFRS Financial Measures and Ratios" section.</div><div>(3) Includes restricted cash of US$15.8 million.</div><div>(4) 70% operated working interest.</div><div>(5) 40% non-operated working interest.</div><div>(6) 100% operated interest.</div><div><br></div><div>Dr. Sean Guest, President and CEO commented:</div><div>"Across the entire spectrum including exploration, development, and production, our performance in Q3 2026 provides strong examples of how we are delivering value for our stakeholders. We are firing on all cylinders.</div><div><br></div><div>Our exploration discovery at Suraphi creates a line of sight to a longer life for the G1/48 Block by unlocking both new and stranded oil accumulations in the vicinity. Our Wassana redevelopment project demonstrates our ability to execute high value offshore developments efficiently, underscored by our two-month acceleration of the CPP installation. Our FID of the first phase of development at the Bussabong field lays a framework for us to diversify our portfolio and to build materiality from gas development over time. All of this was delivered safely, and while recording high-margin oil production exactly in line with our plan.</div><div><br></div><div>From a financial perspective, our Q3 performance illustrates how our portfolio is pre-disposed to turning high oil prices into a formidable stream of cash flow. As a result, by the end of Q3 our balance sheet had grown to US$385 million in cash, with no debt. This position, together with our undrawn credit facility, provides the wherewithal for us to pursue our inorganic growth ambitions in Thailand and elsewhere in the region. We are excited by the opportunity set before us and see the potential for Valeura to deliver transformational growth."</div><div><br></div><div>Financial and Operating Results Summary</div><div><br></div><div><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td colspan="2" rowspan="2" style="border-top:none;border-left:none;border-bottom:
  solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="3" style="border:solid black 1.0pt;border-left:none;mso-border-left-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Three
  months ended<o:p></o:p></p>
  </td>
  <td valign="bottom" style="border:none;border-right:solid black 1.0pt;
  mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="3" style="border:solid black 1.0pt;border-left:none;mso-border-left-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Nine
  months ended<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-bottom:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="border:none;border-bottom:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2025<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;mso-border-top-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Delta
  (%)<o:p></o:p></p>
  </td>
  <td valign="bottom" style="border:none;border-right:solid black 1.0pt;
  mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="border:none;border-bottom:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="border-top:solid black 1.0pt;border-left:none;border-bottom:solid black 1.0pt;
  border-right:none;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2025<o:p></o:p></p>
  </td>
  <td style="border:solid black 1.0pt;border-left:none;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Delta
  (%)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;mso-border-top-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Oil Production(1)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">(&#039000 bbls)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-top-alt:solid black 1.0pt;
  mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,036<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-top-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,114<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-top-alt:solid black 1.0pt;
  padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-4%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-top-alt:solid black 1.0pt;
  mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">6,075<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-top-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">6,210<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-2%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Average Daily Oil Production(1)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">(bbls/d)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">22,128<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">22,976<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-4%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">22,254<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">22,743<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-2%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Average Realised Price<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($/bbl)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">97.4<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">72.1<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+35%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">93.5<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">72.9<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+28%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Oil Volumes Sold<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">(&#039000 bbls)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,013<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,160<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-7%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">5,861<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">5,943<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-1%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Oil Revenue<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">196,106<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">155,651<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+26%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">548,126<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">432,996<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+27%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Profit before income taxes<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">48,690<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">23,689<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+106%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">149,813<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">76,681<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+95%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Net Income<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">25,646<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">15,813<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+62%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">84,695<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">35,335<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+140%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted EBITDAX(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">115,814<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">80,710<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+43%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">320,274<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">230,306<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+39%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted Pre-Tax Cashflow<br>
  from Operations(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">109,779<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">77,667<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+41%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">294,486<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">202,536<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+45%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted Cashflow<br>
  from Operations(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">93,558<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">73,616<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+27%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">268,988<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">197,034<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+37%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Operating Costs<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">52,704<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">49,093<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+7%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">142,413<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">131,741<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+8%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted Opex(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">57,118<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">52,525<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+9%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">166,847<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">158,830<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+5%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Operating Costs per bbl<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($/bbl)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">25.9<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">23.2<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+12%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">23.4<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">21.2<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+10%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted Opex per bbl(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($/bbl)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">28.1<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">24.8<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+13%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">27.5<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">25.6<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+7%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted Capex(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">40,861<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">52,355<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-22%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">150,739<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">134,189<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+12%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:solid black 1.0pt;
  border-right:none;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Weighted average shares<br>
  outstanding ? basic<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">(&#039000 shares)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;mso-border-left-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">106,271<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">106,219<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+0%<o:p></o:p></p>
  </td>
  <td style="border-top:none;border-left:solid black 1.0pt;border-bottom:none;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;mso-border-left-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">106,028<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">106,339<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-0%<o:p></o:p></p>
  </td>
 </tr>
</tbody></table>

<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
line-height:normal">&nbsp;</p>

<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td rowspan="2" valign="top" style="border:none;border-bottom:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td rowspan="2" valign="top" style="border-top:none;border-left:none;border-bottom:
  solid black 1.0pt;border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="3" style="border:solid black 1.0pt;border-left:none;mso-border-left-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">As
  at<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;mso-border-top-alt:solid black 1.0pt;
  mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September 2026<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;mso-border-top-alt:solid black 1.0pt;
  mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">31
  December 2025<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;mso-border-top-alt:solid black 1.0pt;
  mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Delta
  (%)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="border:none;border-left:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Cash and cash equivalents(3)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">384,941<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">305,738<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;mso-border-left-alt:solid black 1.0pt;padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+26%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted net working capital(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;mso-border-left-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">366,513<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;mso-border-left-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">261,498<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;mso-border-left-alt:
  solid black 1.0pt;padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+40%<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="border-top:none;border-left:solid black 1.0pt;
  border-bottom:solid black 1.0pt;border-right:none;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Shareholder&#039;s equity<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">($&#039;000)<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">630,716<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">542,796<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">+16%<o:p></o:p></p>
  </td>
 </tr>
</tbody></table>

<p class="MsoNormal"><o:p>&nbsp;</o:p></p><p class="MsoNormal">(1) Working interest share production before royalties.</p><p class="MsoNormal">(2) Non-IFRS financial measure or non-IFRS ratio - see "Non-IFRS Financial Measures and Ratios" section.</p><p class="MsoNormal">(3) Includes restricted cash.</p><p class="MsoNormal">Financial Update</p><p class="MsoNormal">The Company&#039;s Q3 2026 financial performance reflects ongoing production operations at all four of its operated fields in the offshore Gulf of Thailand, and was influenced by continuing high realised prices during the quarter, coupled with sales volumes essentially equivalent to production volumes.</p><p class="MsoNormal">Valeura&#039;s working interest share production before royalties averaged 22,128 bbls/d, resulting in a total of 2.036 million bbls produced during Q3 2026, which was approximately 4% lower than Q3 2025. Production was above the Company&#039;s expectations for the quarter, and continues to support its production guidance outlook for the full year 2026 as set out in its Revised Guidance (September 2026).</p><p class="MsoNormal">Oil sales totalled 2.013 million bbls during Q3 2026, which was approximately the same as production, and therefore resulted in crude oil inventory being unchanged from the beginning of the quarter. Realised prices during Q3 2026 averaged US$97.4/bbl, a 35% increase over Q3 2025, and a reflection of higher global oil benchmark prices as a result of the conflict in the Middle East.</p><p class="MsoNormal">Q3 2026 revenue was US$196.1 million, an increase of 26% over Q3 2025 revenue, primarily as a result of higher realised prices. Revenue in Q3 2026 includes crude oil receivables of US$22.6 million at 30 September 2026(2), in respect of oil sales just prior to the end of the quarter.&nbsp; &nbsp;Consequently, these particular sales are included in revenue for Q3 2026, but are not reflected in the Company&#039;s cash position as at 30 September 2026.</p><p class="MsoNormal">Valeura&#039;s cost of operations in Q3 2026 was influenced by continuing high prices for refined fuel products, notably diesel, which is consumed across the Company&#039;s portfolio and comprises a material proportion of the operating budget. Operating costs for the quarter totalled US$52.7 million, equating to US$25.9/bbl of oil produced. As previously disclosed, in describing its cost of ongoing operations Valeura focuses primarily on operating costs, which is an IFRS measure.</p><p class="MsoNormal">However, the Company continues to provide information on Adjusted opex, a non-IFRS measure(1), for historical comparative purposes. To derive Adjusted opex, the Company adjusts for (1) the cost of leases, relating primarily to floating infrastructure used in its operations, which totalled US$6.0 million in Q3 2026; and (2) the capitalisation of inventory, amounting in Q3 2026 to (US$1.6) million. These adjustments thereby result in Adjusted opex of US$57.1 million, or US$28.1/bbl of oil produced in Q3 2026. Management estimates that the increase in the price of diesel has resulted in an addition of approximately US$3.7/bbl to its Q3 2026 Adjusted opex versus its original plan.</p><p class="MsoNormal">Valeura generated adjusted cashflow from operations(1) of US$93.6 million in Q3 2026, which was 27% higher than in Q3 2025, reflecting higher cash flow margins which were driven by higher revenue more than offsetting increases in operating costs.</p><p class="MsoNormal">Valeura had no cash tax payments during Q3 2026. Following the Company&#039;s cash tax payments in Q2 2026, no further Special Remuneratory Benefit ("SRB") obligations or Petroleum Income Taxes ("PITA") cash payments are anticipated for the rest of 2026. SRB and PITA for 2026 production will be paid in May 2027. PITA accrued for Q3 2026 (relating to the Nong Yao, Wassana, and Manora fields) was fully offset by the application of tax loss carry-forwards.</p><p class="MsoNormal">Valeura made cash outlays in respect of its operating expenses and capex of US$93.6 million in Q3 2026, and generated Other Income, primarily related to its overriding royalty on the Rossukon field and interest income, of US$5.0 million. As a result, the Company&#039;s performance was additive to its financial position. As at 30 September 2026, cash had increased to US$384.9 million, including restricted cash of US$15.8 million. Valeura&#039;s adjusted net working capital(1) increased to US$366.5 million as at 30 September 2026, an increase of 40% from 31 December 2025.</p><p class="MsoNormal">(1) Non-IFRS financial measure or non-IFRS ratio - see "Non-IFRS Financial Measures and Ratios" section.</p><p class="MsoNormal">(2) Excludes Value Added Tax.</p><p class="MsoNormal">Operations Update</p><p class="MsoNormal">During Q3 2026, Valeura had ongoing production operations at all four of its operated Gulf of Thailand fields. One drilling rig was on contract during the quarter, until demobilisation from its final Valeura drilling operation on 18 September 2026.</p><p class="MsoNormal">Jasmine / Ban Yen</p><p class="MsoNormal">Oil production before royalties from the Jasmine/Ban Yen field, in Licence B5/27 (100% operated interest) averaged 8,238 bbls/d during Q3 2026.</p><p class="MsoNormal"><br></p><p class="MsoNormal">Production rates reflect the impact of a successful drilling campaign which was completed during the quarter. Valeura drilled two new wellbores from the Jasmine-C platform and two from Jasmine-D. The drilling programme included two horizontal development wells and two dual-objective deviated wells drilled for both development and appraisal targets.</p><p class="MsoNormal">In addition to increasing production, the drilling programme&#039;s multi-objective wells successfully appraised several new zones, which are being studied as potential future development candidates.</p><p class="MsoNormal">During Q3 2026, cumulative oil production from the Jasmine/Ban Yen field reached a milestone of 100 million bbls produced, substantially exceeding the original production estimates for the field.</p><p class="MsoNormal">Nong Yao</p><p class="MsoNormal">Working interest share oil production before royalties from the Nong Yao field, in Licence G11/48 (90% operated working interest) averaged 9,255 bbls/d during Q3 2026.</p><p class="MsoNormal">In addition to routine production and maintenance operations in Q3 2026, Valeura advanced its project to add four additional well slots to the Nong Yao A platform and completed it in October 2026. The Company has since mobilised its new drilling rig to the Nong Yao field, where it plans to drill three wells from the new slots in Q4 2026.</p><p class="MsoNormal">Wassana</p><p class="MsoNormal">Oil production before royalties from the Wassana field, in Licence G10/48 (100% operated interest), averaged 2,484 bbls/d during Q3 2026. No wells were drilled on the licence in Q3 2026, and no further wells are planned to be drilled from the field&#039;s original production facility, the Mobile Offshore Production Unit ("MOPU") Ingenium.</p><p class="MsoNormal">Onshore construction of the Wassana field&#039;s new CPP facility progressed ahead of schedule in Q3 2026 and was fully completed on 01 October 2026. The CPP facility&#039;s jacket structure and the CPP itself were mobilised to the field in October and safely installed on location. Hook up and commissioning of the facility has commenced and Valeura plans to begin development drilling from the CPP later in Q4 2026.</p><p class="MsoNormal">In accordance with the project plan, installing the CPP will require a shutdown of production from the field&#039;s existing production facilities for approximately two months, to execute upgrades to the field&#039;s floating storage and offloading vessel. This shutdown is scheduled to begin in mid-November 2026.</p><p class="MsoNormal">Manora</p><p class="MsoNormal">Working interest share oil production before royalties from the Manora field, in Licence G1/48 (70% operated working interest), averaged 2,148 bbls/d during Q3 2026.</p><p class="MsoNormal">During Q3 2026 Valeura drilled the Manora-9 open water exploration well, approximately 4.5 km to the northeast of the Manora-A platform. The well, along with follow-up sidetracks, identified several oil-bearing sandstone intervals within separate fault blocks, thereby constituting a new field on the licence, to be known as Suraphi. Valeura&#039;s management believes the discovery is likely to justify a satellite facility development on the block. The Company is evaluating whether to pursue a fast-track development of the Suraphi field, or to first conduct further appraisal drilling in the vicinity, with a decision anticipated by the end of 2026.</p><p class="MsoNormal">Block G1/65 and G3/65</p><p class="MsoNormal">In September 2026, the Cabinet of the Government of Thailand granted executive approval for the transfer of interest from PTTEP Energy Development Company Limited ("PTTEP"), a subsidiary of PTT Exploration and Production Public Company Limited to Valeura, in connection with the Company&#039;s strategic farm-in to Blocks G1/65 and G3/65. Valeura expects to complete the administrative steps to close the transfer of 40% non-operated working interest in each of the blocks before the end of 2026.</p><p class="MsoNormal">Also in September 2026, Valeura and PTTEP took a final investment decision to proceed with an initial gas development at the Bussabong gas field on Block G3/65. The project will be Valeura&#039;s first organic gas development in its Thailand portfolio and entails two gas wellhead platforms tied in to nearby processing infrastructure. Valeura anticipates first production from the Bussabong field at approximately year-end 2028.</p><p class="MsoNormal">In addition, Valeura and PTTEP are continuing to plan the next phases of appraisal and exploration on several focus areas in both Block G1/65 and G3/65, guided by 3D seismic data, which was acquired in 2025.</p><p class="MsoNormal">T?rkiye</p><p class="MsoNormal">On the West Thrace Production Leases and the West Thrace Exploration Licence, Transatlantic has satisfied the earning requirements entitling it to a 50% undivided working interest, but in Q3 2026, notified Valeura of its intent to relinquish its earning rights. Accordingly, Valeura&#039;s interest remains 63% in these blocks and 100% in the Banarli Licence.</p><p class="MsoNormal">The Company intends to seek a new farm-in partner to pursue the next phases of exploration and appraisal on its tight gas play in T?rkiye.</p><p class="MsoNormal">Valeura&#039;s management remains primarily focused on executing to add value through its growth-oriented strategy in the Asia-Pacific region, but continues to see the T?rkiye tight gas play as a potentially significant source of value in the longer term.</p><p class="MsoNormal">Guidance</p><p class="MsoNormal">Full year 2026 production is expected to be above the guidance mid-point despite a planned shutdown of the Wassana field now planned to begin in November 2026 rather than in 2027, in accordance with the accelerated redevelopment work plan.&nbsp;&nbsp;</p><p class="MsoNormal">Operating Costs and Adjusted opex continue to be affected by higher than anticipated oil prices and the flow through effect to the cost of diesel fuel. Prices have remained at elevated levels throughout both Q2 and Q3, and are continuing into Q4 2026. As a result, the Company now anticipates its full year Adjusted opex being just above the top end of its Revised Guidance (September 2026) range. Accordingly, Valeura is adjusting its guidance on Adjusted opex as indicated in the Revised Guidance (November 2026) figures below.</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal">All capital projects associated with Valeura&#039;s original 2026 work programme, and those added by way of its Revised Guidance, as announced in May and September 2026, remain on budget.</p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td valign="top" style="border:solid black 1.0pt;border-right:none;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Original
  Guidance<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:solid black 1.0pt;border-left:none;
  border-bottom:solid black 1.0pt;border-right:none;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Revised
  Guidance (May 2026)<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:solid black 1.0pt;border-left:none;
  border-bottom:solid black 1.0pt;border-right:none;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Revised
  Guidance (September 2026)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:solid black 1.0pt;border-left:none;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Revised
  Guidance<br>
  (November 2026)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="border:none;border-left:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Production(1)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;mso-border-top-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">(&#039000 bbls)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-top-alt:solid black 1.0pt;
  mso-border-left-alt:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">19,500
  ? 22,500<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-top-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">19,500
  ? 22,500<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-top:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">20,000
  ? 22,000<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:solid black 1.0pt;border-left:none;
  border-bottom:none;border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">20,000
  ? 22,000<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="border:none;border-left:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted opex(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">(US$ million)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;mso-border-left-alt:solid black 1.0pt;
  padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">190
  ? 220<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">190
  ? 220<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">190
  ? 220<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-right:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">225
  ? 235<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="border-top:none;border-left:solid black 1.0pt;
  border-bottom:solid black 1.0pt;border-right:none;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted capex(2)<br>
  (including exploration spend)<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">(US$ million)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;mso-border-left-alt:
  solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">175
  ? 195<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">195
  ? 215<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;padding:
  .75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">220
  ? 235<o:p></o:p></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">220
  ? 235<o:p></o:p></p>
  </td>
 </tr>
</tbody></table><p class="MsoNormal">

</p><p class="MsoNormal"><o:p>&nbsp;</o:p></p><p class="MsoNormal">(1) Working interest share production before royalties.</p><p class="MsoNormal">(2) Non-IFRS financial measure or non-IFRS ratio ? see "Non-IFRS Financial Measures and Ratios" section.</p><p class="MsoNormal"><br></p><p class="MsoNormal">The Company intends to fund its Adjusted opex and Adjusted capex spending from ongoing cash flow.</p><p class="MsoNormal"><br></p><p class="MsoNormal">Webcast</p><p class="MsoNormal">Valeura&#039;s management team will host an investor and analyst webcast tomorrow, Thursday, 12 November 2026 at 08:00 Calgary / 14:00 London / 21:00 Bangkok / 22:00 Singapore to discuss this announcement. The live audio and video feed can be accessed via the link below. Written questions may be submitted through the webcast system or by email to IR@valeuraenergy.com.</p><p class="MsoNormal"><br></p><p class="MsoNormal">Webcast link: https://events.teams.microsoft.com/event/643f46a0-dd8c-4bd1-a230-7c4286f43037@a196a1a0-4579-4a0c-b3a3-855f4db8f64b?source=copyLinkLegacyShareLinkDialog</p><p class="MsoNormal"><br></p><p class="MsoNormal">An audio only feed of the event is available by phone using the Conference ID and dial-in numbers below.</p><p class="MsoNormal"><br></p><p class="MsoNormal">Conference ID: 115 585 132#</p><p class="MsoNormal"><br></p><p class="MsoNormal">Dial-in numbers:</p><p class="MsoNormal">Canada: 833-845-9589</p><p class="MsoNormal">Singapore: +65 6450 6302</p><p class="MsoNormal">Thailand: +66 2 026 9035</p><p class="MsoNormal">T?rkiye: 0800 142 034779</p><p class="MsoNormal">United Kingdom: 0800 640 3933</p><p class="MsoNormal">United States: (833) 846-5630</p><p class="MsoNormal"><br></p><p class="MsoNormal">For further information, please contact:</p><p class="MsoNormal"><br></p><p class="MsoNormal">Valeura Energy Inc. (General Corporate Enquiries)&nbsp; +65 6373 6940</p><p class="MsoNormal">Sean Guest, President and CEO</p><p class="MsoNormal">Yacine Ben-Meriem, CFO</p><p class="MsoNormal">Contact@valeuraenergy.com&nbsp;&nbsp;</p><p class="MsoNormal"><br></p><p class="MsoNormal">Valeura Energy Inc. (Investor and Media Enquiries)&nbsp; +1 403 975 6752</p><p class="MsoNormal">Robin James Martin, SVP, Communications and Investor Relations</p><p class="MsoNormal">IR@valeuraenergy.com</p><p class="MsoNormal"><br></p><p class="MsoNormal">Contact details for the Company&#039;s advisors, covering research analysts and joint brokers, including ATB Cormark Capital Markets, Auctus Advisors LLP, Beacon Securities Limited, Canaccord Genuity Ltd (UK), Research Capital Corporation, Roth Canada Inc., and Stifel Nicolaus Europe Limited, are listed on the Company&#039;s website at www.valeuraenergy.com/investor-information/analysts/.</p><p class="MsoNormal"><br></p><p class="MsoNormal">About the Company</p><p class="MsoNormal"><br></p><p class="MsoNormal">Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and T?rkiye. The Company is executing a growth-oriented strategy, reinvesting into its producing asset portfolio while deploying capital toward further organic and inorganic growth across Southeast Asia. Valeura is committed to delivering value-accretive growth for all stakeholders, underpinned by high standards of environmental, social and governance responsibility.</p><p class="MsoNormal"><br></p><p class="MsoNormal">Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.</p><p class="MsoNormal"><br></p><p class="MsoNormal">Unaudited Financial Information</p><p class="MsoNormal"><br></p><p class="MsoNormal">Certain anticipated financial and operating results for Q3 2026 in this news release, including free cash flow, are preliminary estimates based on unaudited financial information. These preliminary figures have not been audited or reviewed by the Company&#039;s auditor and remain subject to change, which changes could be material, upon completion of the Company&#039;s unaudited Interim Financial Statements for the three and six months ended 30 September 2026 and management&#039;s final review.</p><p class="MsoNormal">Non-IFRS Financial Measures and Ratios</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal">Adjusted EBITDAX: is a non-IFRS financial measure which does not have a standardised meaning prescribed by IFRS Accounting Standards. This non-IFRS financial measure is included because management uses the information to analyse the financial performance of the Company. Adjusted EBITDAX is a non-IFRS and non-standardised variant of EBITDAX, adjusted to remove non-cash items as well as certain non-recurring costs including severance payments and other one-off items in relation to the Company&#039;s recent acquisitions. Adjusted EBITDAX is calculated by adjusting profit for the period before other items as reported under IFRS Accounting Standards to exclude the effects of other income, exploration, SRB, finance income and expense, depletion, depreciation & amortisation ("DD&A"), other costs, and certain non-cash items (such as impairments, foreign exchange, unrealised risk management contracts, reassessment of contingent consideration and gains or losses arising from the disposal of capital assets). In addition, share-based compensation is excluded from adjusted EBITDAX, as the expenses are not indicative of the underlying financial performance of the Company.</p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Three
  months ended<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Nine
  months ended<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td rowspan="2" valign="bottom" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">$&#039;000<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Unaudited<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Unaudited<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Unaudited<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Unaudited<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">30
  September<br>
  2025<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">30
  September<br>
  2025<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Profit for the period before other
  items<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">48,498<o:p></o:p></p>
  </td>
  <td style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">23,516<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">149,205<o:p></o:p></p>
  </td>
  <td style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">76,081<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Other income<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">(5,027)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">(3,386)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">(15,109)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">(14,496)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Exploration<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">1,459<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">201<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">2,031<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">3,692<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">SRB<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">13,904<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">3,582<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">14,277<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">3,778<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Finance costs<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">4,875<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">5,941<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">13,944<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">16,388<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">DD&A<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">48,934<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">49,951<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">143,732<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">139,701<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Share-based compensation&nbsp;(1)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">3,171<o:p></o:p></p>
  </td>
  <td style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">905<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">12,194<o:p></o:p></p>
  </td>
  <td style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">5,162<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Adjusted
  EBITDAX<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">115,814<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">80,710<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">320,274<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">230,306<o:p></o:p></p>
  </td>
 </tr>
</tbody></table><p class="MsoNormal">

</p><p class="MsoNormal"><o:p>&nbsp;</o:p></p><p class="MsoNormal">(1) Items are not shown in the Company&#039;s Interim Financial Statements ? see the Adjusted G&A Expenses section for more details.</p><p class="MsoNormal"><br></p><p class="MsoNormal">Adjusted opex and adjusted opex per barrel: are a non-IFRS financial measure and a non-IFRS financial ratio respectively, which do not have standardised meanings prescribed by IFRS Accounting Standards. This non-IFRS financial measure and ratio are included because management uses the information to analyse cash generation and financial performance of the Company. Operating cost represents the operating cash expenses incurred by the Company during the period including the leases that are associated with operations, such as bareboat contracts for key operating equipment, such as FSOs, floating production, storage, and offloading vessels ("FPSO"), MOPUs, and warehouses. Adjusted opex is calculated by effectively adjusting non-cash items from the operating cost and adding lease costs.</p><p class="MsoNormal"><br></p><p class="MsoNormal">Adjusted opex is divided by production in the period to arrive at adjusted opex per barrel. Valeura calculates adjusted opex per barrel to provide a more consistent indication of the cost of field operations. Adjusted opex, as opposed to operating expenses, excludes the impacts of non-recurring, non-cash items such as prior period adjustments, and adds back lease costs in relation to FSOs, FPSOs, MOPU, and other facilities.</p><p class="MsoNormal"><o:p></o:p></p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Three
  months ended<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Nine
  months ended<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td rowspan="2" valign="bottom" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">$&#039;000<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Unaudited<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Unaudited<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Unaudited<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">Unaudited<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">30
  September<br>
  2025<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">30
  September<br>
  2025<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Operating Costs(1)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">52,704<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">49,093<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">142,413<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">131,741<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjustment of accounting related
  to<br>
  inventory capitalisation(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">(1,565)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">(4,751)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">5,533<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">2,306<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Leases(3)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">5,979<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">8,183<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">18,901<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">24,783<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted Opex<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">57,118<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">52,525<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">166,847<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">158,830<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Production Volumes during the
  period (mbbls)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">2,036<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">2,114<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">6,075<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">6,210<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted Opex per Barrel(2)&nbsp;($/bbl)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">28.1<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">24.8<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">27.5<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; line-height: normal;">25.6<o:p></o:p></p>
  </td>
 </tr>
</tbody></table><p class="MsoNormal">

</p><p class="MsoNormal"><o:p>&nbsp;</o:p></p><p class="MsoNormal" style="line-height: normal;">(1) Operating costs, derived from the Interim Financial
Statements, are presented net of crude oil inventory capitalisation<br>
(2) The item is not shown in the Interim Financial Statements. The cost of
crude inventory is capitalised from operating costs. As a result, the Company
has excluded the effect of crude inventory capitalisation.<br>
(3) In accordance with IFRS 16&nbsp;Leases, the Company recognised cost related to its operating leases ?
attributed to FSO and FPSO vessels and MOPU used at its Jasmine/Ban Yen, Nong
Yao, Manora, and Wassana fields, as well as onshore warehouse facilities costs
to its balance sheet and finance cost in the profit and loss statement. In
order to report a more relevant lifting cost, the Company has included costs
associated with these leases in the adjusted operating cost calculation. This
will be a recurring adjustment.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal;">Adjusted G&A expenses:&nbsp;is a non-IFRS financial measure, which does not
have standardised meanings prescribed by IFRS Accounting Standards. This
non-IFRS financial measure is included because management uses the information
to analyse cash generation and financial performance of the Company. G&A
expenses represent the administrative expenses incurred by the Company during
the period, including personnel and office expenses, share-based compensation,
severance, IT licences and consultancy and professional services. To analyse
the Company&#039;s cash generation and financial performance, adjusted G&A
expenses is calculated by deducting non-cash items such as the provision for severance,
and share-based compensation, from the G&A expenses reported in the
financial statements.<o:p></o:p></p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Three
  months ended<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Nine
  months ended<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td rowspan="2" valign="bottom" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">$&#039;000<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Unaudited<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Unaudited<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Unaudited<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Unaudited<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2025<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2025<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Personnel and office costs<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">3,871<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">5,372<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">15,190<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">14,886<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Share-based compensation<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">3,171<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">905<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">12,194<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">5,162<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Severance<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">157<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">229<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">605<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">93<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">IT hardware and software licences<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">90<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">342<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Consultancy and professional
  services<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">745<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">1,398<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,966<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,988<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Total
  G&A expenses<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">7,944<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">7,994<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30,955<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">23,471<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Non-cash items<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(1,550)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(1,294)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(10,840)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(4,481)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Adjusted
  G&A expenses(1)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">6,394<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">6,700<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">20,115<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">18,990<o:p></o:p></p>
  </td>
 </tr>
</tbody></table><p class="MsoNormal" style="line-height: normal;"><br>
(1) Adjusted G&A expenses are newly presented in the current period.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal;">Adjusted cashflow from operations and adjusted
cashflow from operations per barrel:&nbsp;are a non-IFRS financial measure and a non-IFRS financial ratio
respectively, which do not have a standardised meaning prescribed by IFRS
Accounting Standards. This non-IFRS finance measure and ratio are included
because management uses the information to analyse cash generation and
financial performance of the Company. Adjusted cashflow from operations is
calculated using two methods which generate the same figures: a) by subtracting
from oil revenues, adjusted opex, royalties, general and administrative costs
which are adjusted for non-recurring charges (generating the adjusted pre-tax
cashflow), and accrued PITA taxes and SRB expenses, and b) to enhance and
facilitate to the reader a reconciliation of this non-IFRS measure, the Company
also presented the adjusted cash flow from operations by calculating from cash
generated from (used in) operating activities in the consolidated statement of
cash flows, adjusting with non-cash items, adjusted opex, general and
administrative costs which are adjusted for non-recurring charges (generating
the adjusted pre-tax cashflow), and accrued PITA tax and SRB expenses.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal;">Adjusted cashflow from operations is divided by production in the
period to arrive at adjusted cashflow from operations per bbl. Valeura
calculates adjusted cashflow from operations per barrel, to provide a more
consistent indication of cashflow generated from operations by the Company.<o:p></o:p></p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Three
  months ended<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Nine
  months ended<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="bottom" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">$&#039;000<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2025<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2025<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Oil revenues<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">196,106<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">155,651<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">548,126<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">432,996<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Royalties<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(22,815)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(18,759)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(66,678)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(52,640)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted opex<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(57,118)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(52,525)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(166,847)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(158,830)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted G&A expenses(1)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(6,394)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(6,700)(1)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(20,115)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(18,990)(1)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted pre-tax cashflow from
  operations<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">109,779<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">77,667(3)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">294,486<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">202,536(3)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Income tax / PITA tax<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(2,317)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(469)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(11,221)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(1,724)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">SRB<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(13,904)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(3,582)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(14,277)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(3,778)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted cashflow from operations<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">93,558<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">73,616(3)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">268,988<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">197,034(3)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Production during the period
  (mbbls)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,036<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,114<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">6,075<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">6,210<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted cashflow from<br>
  operations per barrel ($/bbl)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">46.0<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">34.8(3)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">44.3<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">31.7(3)<o:p></o:p></p>
  </td>
 </tr>
</tbody></table><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
line-height:normal">&nbsp;</p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Three
  months ended<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Nine
  months ended<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="bottom" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">$&#039;000<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2025<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2025<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Net cash generated from operating
  activities<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">134,462<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">76,419<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">294,122<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">156,199<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Change in non-cash working capital<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(33,602)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,356<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">26,358<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">49,533<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Non-cash and other adjustments(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">72,431<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">58,117<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">160,968<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">174,624<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted opex<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(57,118)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(52,525)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(166,847)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(158,830)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted G&A expenses(1)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(6,394)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(6,700)(1)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(20,115)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(18,990)(1)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted pre-tax cashflow from
  operations<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">109,779<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">77,667(3)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">294,486<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">202,536(3)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Income tax / PITA tax<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(2,317)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(469)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(11,221)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(1,724)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">SRB<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(13,904)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(3,582)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(14,277)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(3,778)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted cashflow from operations<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">93,558<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">73,616(3)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">268,988<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">197,034(3)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Production during the period
  (mbbls)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,036<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">2,114<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">6,075<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">6,210<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted cashflow from<br>
  operations per barrel ($/bbl)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">46.0<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">34.8(3)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">44.3<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">31.7(3)<o:p></o:p></p>
  </td>
 </tr>
</tbody></table><p class="MsoNormal" style="line-height: normal;"><br>
(1) Adjusted G&A expenses are newly applied to present adjusted cash flow
from operations.<br>
(2) Includes non-cash items and other adjustments, including taxes paid,
decommissioning expenditures and restricted cash movements, to align with net
cash from operating activities.<br>
(3) Prior year adjusted pre-tax cashflow from operations and adjusted cashflow
from operations are revised to align with the current period&#039;s presentation.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal;">Free cash flow:&nbsp;is a non-IFRS financial measure which does not
have a standardised meaning prescribed by IFRS Accounting Standards. This
non-IFRS finance measure is included because management uses the information to
analyse cash generation of the Company. Free cash flow is calculated by
starting with adjusted cash flow from operations, subtracting adjusted capex,
and exploration expenses, adding other income, and excluding any effects of
foreign exchange gains or losses.<o:p></o:p></p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="right" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:right;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Three
  months ended<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Nine
  months ended<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="bottom" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">$&#039;000<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September 2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September 2025<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September 2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September 2025<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted cashflow from operations<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">93,558<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">73,616(1)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">268,988<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">197,034(1)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted capex<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(40,861)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(52,355)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(150,739)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(134,189)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Exploration expenses(2)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(7,489)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(267)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(9,177)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(4,266)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Other income<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">5,027<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">3,386<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">15,109<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">10,496(3)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Foreign exchange (gain) loss<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">39<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(218)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(266)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(3,122)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Free cash flow<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">50,274<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">24,162(4)<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">123,915<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">65,953(4)<o:p></o:p></p>
  </td>
 </tr>
</tbody></table><p class="MsoNormal" style="line-height: normal;"><br>
(1) Prior year adjusted pre-tax cashflow from operations and adjusted cashflow
from operations are revised to align with the current period&#039;s presentation<br>
(2) Exploration expenses include exploration expenses in profit and loss and
exploration and evaluation assets ("E&E assets").<br>
(3) Prior year Free cash flow is revised to align with the current period&#039;s
presentation.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal;">Outstanding debt and net cash:&nbsp;are non-IFRS financial measures which do
not have a standardised meaning prescribed by IFRS Accounting Standards. These
non-IRFS financial measures are provided because management uses the
information to a) analyse financial strength and b) manage the capital
structure of the Company. These non-IFRS measures are used to ensure capital is
managed effectively in order to support the Company&#039;s ongoing operations and
needs.<o:p></o:p></p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td valign="bottom" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">$&#039;000<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September&nbsp;2026<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">31
  December 2025<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Outstanding
  Debt<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">-<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 15.0pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Cash and cash equivalents<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">369,155<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">282,739<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 15.0pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Restricted cash (Current)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">8<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">8<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 15.0pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Restricted cash (Non-current)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">15,778<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">22,991<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Cash
  balance<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">384,941<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">305,738<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Net cash<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">384,941<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">305,738<o:p></o:p></p>
  </td>
 </tr>
</tbody></table><p class="MsoNormal" style="line-height: normal;"><br>
Net working capital and adjusted net working capital:&nbsp;are non-IFRS financial measures which do
not have a standardised meaning prescribed by IFRS Accounting Standards. These
non-IFRS financial measures are included because management uses the
information to analyse liquidity and financial strength of the Company. Net
working capital is calculated by deducting current liabilities from current
assets. Adjusted net working capital is calculated by adding back the current
leases liabilities and including non-current restricted cash in net working
capital.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal;">The leases are associated with operations, such as bareboat
contracts for key operating equipment, such as FSOs, FPSOs, MOPU, and
warehouses which are included in the Company&#039;s disclosed adjusted opex (and
adjusted opex guidance). Management believes the adjusted net working capital
provides a useful data point to the reader to ascertain the business&#039;
next-twelve-months surplus or deficit capital requirement. It is also a data
point that management uses for cash management.<o:p></o:p></p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td valign="bottom" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">$&#039;000<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30&nbsp;September
  2026<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">31
  December 2025<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Current assets<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">495,546<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">382,253<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;padding:
  .75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Current liabilities<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;padding:
  .75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(166,956)<o:p></o:p></p>
  </td>
  <td valign="top" style="border:none;border-bottom:solid black 1.0pt;padding:
  .75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">(180,695)<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Net
  working capital<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">328,590<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">201,558<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Current lease liabilities<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">22,145<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">36,949<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Restricted cash (Non-current)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">15,778<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt 11.25pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">22,991<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">Adjusted
  net working capital<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">366,513<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt 0in .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">261,498<o:p></o:p></p>
  </td>
 </tr>
</tbody></table><p class="MsoNormal" style="line-height: normal;"><br>
Adjusted capex:&nbsp;is a non-IFRS measure which does not have a standardised meaning
prescribed by IFRS Accounting Standards. Adjusted capex is defined as the
addition in capital expenditure for capital work-in-progress, drilling,
brownfield, and other PP&E. Management uses this non-IFRS measure to
analyse the capital spending of the Company and assess investments in its
assets.<o:p></o:p></p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
 <tbody><tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
  justify;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Three
  months ended<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td colspan="2" valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">Nine
  months ended<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="bottom" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">$&#039;000<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2025<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2026<o:p></o:p></p>
  </td>
  <td style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">30
  September<br>
  2025<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Capital work-in-progress(1)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">18,333<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">16,258<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">51,542<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">26,421<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Drilling<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">15,625<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">31,647<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">74,003<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">88,210<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Brownfield<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">5,784<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">3,432<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">17,201<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">16,284<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Other PP&E(2)<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">1,119<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">1,018<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">7,993<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">3,274<o:p></o:p></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal">Adjusted Capex<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">40,861<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">52,355<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">&nbsp;<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">150,739<o:p></o:p></p>
  </td>
  <td valign="top" style="padding:.75pt .75pt .75pt .75pt">
  <p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal">134,189<o:p></o:p></p>
  </td>
 </tr>
</tbody></table><p class="MsoNormal"><br></p><p class="MsoNormal">(1) Capital work-in-progress represents expenditures related to the Wassana redevelopment project incurred prior to the commencement of production.</p><p class="MsoNormal">(2) Other PP&E includes office equipment and spare parts movement during the year.</p><p class="MsoNormal">Advisory and Caution Regarding Forward-Looking Information</p><p class="MsoNormal">Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management&#039;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 in this news release includes, but is not limited to: the potential for a longer life for the G1/48 block; the Company&#039;s expectation that FID of the first phase of development at the Bussabong field will build materiality from gas development over time; the Company&#039;s cash and credit facility providing the wherewithal for it to pursue inorganic growth; no further PITA or SRB cash tax payments being anticipated in 2026; timing for future drilling campaigns; the potential for the Suraphi discovery to justify a satellite facility development on the G1/48 block; timing to decide between fast-track development or further appraisal on the G1/48 block; timing to complete the administrative steps to close the transfer of 40% non-operated working interest in Blocks G1/65 and B3/65; Valeura&#039;s plans to begin development drilling from the CPP at the Wassana field and the expected timing thereof; the expected timing of first production from the Bussabong field; and the potential for the T?rkiye tight gas play to be a significant source of value in the longer term.</p><p class="MsoNormal">Forward-looking information is based on management&#039;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&#039;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; the impact of the ongoing conflicts between the U.S.-Israel and Iran, and between Russia and Ukraine; 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 fund 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&#039;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&#039;s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company&#039;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&#039; 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.</p><p class="MsoNormal">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 including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company&#039;s ability to manage growth; the Company&#039;s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the Company&#039;s most recent annual information form and the MD&A for a detailed discussion of the risk factors.</p><p class="MsoNormal">Certain forward-looking information in this news release may also constitute "financial outlook" within the meaning of applicable securities legislation. Financial outlook involves statements about Valeura&#039;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 news release. Such assumptions are based on management&#039;s assessment of the relevant information currently available, and any financial outlook included in this news release is made as of the date hereof and provided for the purpose of helping readers understand Valeura&#039;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.</p><p class="MsoNormal">The forward-looking information contained in this new release 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 new release is expressly qualified by this cautionary statement.</p><p class="MsoNormal">This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.</p><p class="MsoNormal">Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.</p><p class="MsoNormal">This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.</p><p class="MsoNormal"><o:p></o:p></p><p class="MsoNormal">Copyright 2026 GlobeNewswire, Inc.</p></div>   ]]></description>
<pubDate>Thu, 12 Nov 2026 08:21:00 +0700</pubDate>
</item>
<item>
<title>Huawei Launches LUTERRA S2, Redefining the Future of Residential Energy Systems with Three Ultimate Innovations</title>
<link>https://relleaseid.com/berita-bisnis/Huawei-Launches-LUTERRA-S2--Redefining-the-Future-of-Residential-Energy-Systems-with-Three-Ultimate-Innovations</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/1530_Huawei-Launches-LUTERRA-S2--Redefining-the-Future-of-Residential-Energy-Systems-with-Three-Ultimate-Innovations.jpg border=0 hspace=5 align=left width=350 /><div><div>Steve Zhang delivering the speech</div><div><br></div></div><div>PALMA, SPAIN - Media OutReach Newswire - 11 November 2026 - Huawei announced the launch of HUAWEI LUTERRA S2, an all-in-one residential energy system that integrates a hybrid inverter, storage, and AI-powered energy management in one stackable unit. Designed for easy deployment, LUTERRA S2 can be installed and commissioned in minutes.</div><div><br></div><div> Available in single-phase (3-10 kW) and three-phase (5- 20 kW) configurations, LUTERRA S2 is the industry&#039;s first all-in-one residential energy system built on Huawei&#039;s proprietary full-SiC (silicon carbide) architecture, delivering exceptional efficiency, power density, and reliability.</div><div><br></div><div>"We are thrilled to introduce HUAWEI LUTERRA S2, our next-generation all-in-one residential energy system," said Steve Zhang, President of Huawei Distributed PV & BESS Business. "By combining full-SiC architecture, AI-driven energy management, and industry-leading safety, LUTERRA S2 is designed to be smaller, lighter, quieter, safer, smarter and more powerful than ever before."</div><div><br></div><div>As solar, storage, EV charging, and home energy management continue to converge, homeowners are looking for solutions that go beyond power and capacity to deliver greater intelligence, efficiency, and safety.</div><div><br></div><div>To meet these evolving needs, Huawei introduces HUAWEI LUTERRA S2, a breakthrough residential energy system built on three defining pillars: Ultimate Experience, Ultimate Intelligence, and Ultimate Safety.</div><div><br></div><div>Ultimate Experience: From Core Technology to Everyday Experience</div><div><br></div><div>LUTERRA S2 combines high power density and compact design, delivering 20 kW-class power in a streamlined form factor. Powered by Huawei&#039;s proprietary full-SiC architecture and ANPC topology, it achieves up to 99% efficiency. Built-in energy optimizers enable up to 5.0 MWh/kWh of lifetime usable energy and a design lifespan of more than 15 years.</div><div><br></div><div>Beyond technical performance, LUTERRA S2 is designed to integrate naturally into modern homes. Its art-inspired design, Red Dot Award-winning hardware, App 3.0, and intelligent breathing light create a seamless blend of technology and lifestyle.</div><div><br></div><div>The industry&#039;s first 20 kW-class all-natural cooling design eliminates the need for external fans and maintains operating noise below 29 dB.</div><div><br></div><div>Ultimate Intelligence: From Automation to Active Decision-Making</div><div><br></div><div>Through the AI Energy Management 2.0 platform, LUTERRA S2 brings intelligence to energy planning, operation, and value optimization.</div><div><br></div><div>By integrating weather forecasts, electricity prices, household loads, and energy status, the platform intelligently coordinates photovoltaic systems, energy storage, EV charging, heat pumps, and virtual power plants (VPPs). This coordination maximizes the value of every kilowatt-hour generated, stored, and consumed.</div><div><br></div><div>For homeowners, the AI Assistant turns complex energy management into simple, conversational interactions, enabling users to make informed energy decisions with ease. For installers, AI 3D modeling simplifies planning and design by identifying roof structures and installation environments. AI-powered diagnostics and remote support further enhance operation and maintenance efficiency.</div><div><br></div><div>Ultimate Safety: From Cell-Level Protection to End-to-End Safety</div><div><br></div><div>Safety is built into every layer of LUTERRA S2, from battery cells to system-level operations.</div><div><br></div><div>Each battery cell incorporates an independent protective isolation structure, supported by Huawei-developed safety components and localized non-propagation design to help contain thermal risks. An intelligent smoke-duct design enables directional pressure relief, smoke evacuation, and cooling, while continuous AC and DC terminal temperature detecting provides proactive detection and protection of critical connections.</div><div><br></div><div>LUTERRA S2 has been validated against relevant EU Battery Regulation requirements and complies with key international standards, including IEC 63027 AFCI. It has also undergone T?V Rheinland safety testing, including a cell thermal runaway test, a 20-minute fire test at 1,000C, and a 20% hydrogen explosion test, as well as UL 9540A validation.LUTERRA S2 has received the highest-level Safety Mark certification from T?V Rheinland, backed by the industry&#039;s first cell-level thermal insulation design, safety venting design, and full-link terminal over-temperature protection.</div><div><br></div><div>Leading the Future of Residential Energy Systems</div><div><br></div><div>More than an energy storage system, LUTERRA S2 connects intelligent technology, enhanced quality of life, and sustainable living. Huawei is setting a new benchmark for next-generation residential energy and accelerating the transition toward a smarter, more sustainable future.</div><div><br></div><div><font color="#131313" face="arial, helvetica neue, helvetica, Microsoft Yahei, Microsoft JhengHei, sans-serif"><span style="font-size: 15px;">Technical highlights:</span></font><br style=""><br style=""><table style="width: 550px; border: 1px solid rgb(0, 0, 0); overflow: revert;"><tbody><tr style="margin: 6px; border: 1px solid rgb(0, 0, 0);"><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Inverter<br></td><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Up to 3 inverters in parallel, 60kW (20*3) max<br></td></tr><tr style="margin: 6px; border: 1px solid rgb(0, 0, 0);"><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Battery<br></td><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Up to 48 packs in parallel, 336kWh (4*4*3*7) max<br></td></tr><tr style="margin: 6px; border: 1px solid rgb(0, 0, 0);"><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Efficiency<br></td><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Maximum efficiency of 99%<br></td></tr><tr style="margin: 6px; border: 1px solid rgb(0, 0, 0);"><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Backup<br></td><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Switchover under 10 ms; up to 20 kW off-grid load<br></td></tr><tr style="margin: 6px; border: 1px solid rgb(0, 0, 0);"><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Cooling and noise<br></td><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Fanless natural cooling; below 29 dB<br></td></tr><tr style="margin: 6px; border: 1px solid rgb(0, 0, 0);"><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Operating range<br></td><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">?25?C to +60?C; IP66; up to C5-M corrosion protection<br></td></tr><tr style="margin: 6px; border: 1px solid rgb(0, 0, 0);"><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Connectivity<br></td><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">EEBUS, SG-Ready, OCPP, Modbus-TCP<br></td></tr><tr style="margin: 6px; border: 1px solid rgb(0, 0, 0);"><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">Safety validation<br></td><td style="margin: 0px; border: 1px solid rgb(0, 0, 0); padding: 6px; vertical-align: top;">T?V Rheinland testing; UL 9540A; AFCI to IEC 63027<br><br></td></tr></tbody></table></div><div><br></div><div><br></div><div>More information is available at https://solar.huawei.com/en/products/luterra-s2-xl-xm/</div><div>The issuer is solely responsible for the content of this announcement.</div><div><br></div><div>Hashtags: #Huawei</div>   ]]></description>
<pubDate>Thu, 12 Nov 2026 08:14:00 +0700</pubDate>
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<title>HKTB Spreads Seasonal Joy with Biggest-Ever Hong Kong WinterFest</title>
<link>https://relleaseid.com/berita-bisnis/HKTB-Spreads-Seasonal-Joy-with-Biggest-Ever-Hong-Kong-WinterFest</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/2426_HKTB-Spreads-Seasonal-Joy-with-Biggest-Ever-Hong-Kong-WinterFest.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div><div>Winter Wonderlands in Central, Tsim Sha Tsui, and Causeway Bay Plus Over 100,000 Offers to Boost Spending Making Hong Kong Asia&#039;s Top Destination for Winter Celebrations</div><div><br></div><div>HONG KONG, Nov. 11, 2026 (GLOBE NEWSWIRE) -- The Hong Kong Tourism Board (HKTB) will stage its annual flagship festive event, Hong Kong WinterFest, from 18 November 2026 to 5 January 2027.</div><div><br></div><div>Larger in scale and richer in content than ever before, this year&#039;s event will, for the first time, extend its signature "Hong Kong Wonderland" programme to three major tourism hotspots - Central, Tsim Sha Tsui and Causeway Bay - each featuring light shows with a different theme. The HKTB is also teaming up with industry partners to roll out 100,000 winter offers across the city to boost festive spending.</div><div><br></div><div>As the year-end grand finale, the New Year countdown fireworks display will be themed around the 30th anniversary of the establishment of the Hong Kong Special Administrative Region and staged on a larger scale than ever. This spectacular and unforgettable celebration will ring in the new year for locals and visitors alike, further reinforcing Hong Kong&#039;s position as Asia&#039;s top destination for winter celebrations.</div><div><br></div><div>HKTB Chairman Dr Peter Lam, said, "Over the years, Hong Kong WinterFest has brought a joyful festive atmosphere to the public. Last year, we partnered with Hongkong Land for the first time to present Hong Kong Winter Wonderland in Central, along with an immersive light show staged in collaboration with a number of Central landmarks, which proved hugely popular with locals and visitors alike.</div><div><br></div><div>"Building on that success, this year we are expanding Winter Wonderland to Tsim Sha Tsui and Causeway Bay, with "Hong Kong Winter Wonderland ? Tsim Sha Tsui", title-sponsored by Prudential Hong Kong, and "Hong Kong Winter Wonderland ? Causeway Bay", presented in collaboration with Hysan. Together with citywide winter offers and vibrant festive events across every neighbourhood, these highlights will encourage more locals and visitors to stay and spend in Hong Kong, immerse themselves in Hong Kong&#039;s unique winter experiences, and discover the festive charm found &#039Only in Hong Kong&#039;."</div><div><br></div><div>Three Hong Kong Winter Wonderlands Presents Different Themed Light Shows</div><div><br></div><div>1) Hong Kong Winter Wonderland in Central: "The World of Christmas Adventure"</div><div>Tallest-ever 22-Metre Outdoor Christmas Tree Takes Centre Stage as Winter Landmark</div><div><br></div><div>The HKTB and Hongkong Land are joining forces again this year to transform Statue Square Garden into Hong Kong Winter Wonderland in Central, themed "The World of Christmas Adventure".</div><div><br></div><div>Hong Kong Winter Wonderland in Central will be transformed into a European-style train station. A 12-metre-long classic steam train, prancing reindeer, vintage toy hot-air balloons and other festive installations will fill the Wonderland, offering plenty of photo spots for locals and visitors. Towering 22 metres above the Wonderland, the HKTB&#039;s tallest-ever outdoor Christmas tree will be an awe-inspiring seasonal landmark, while Santa Claus, a favourite with young and old alike, will make surprise appearances from time to time at the Christmas Post Office.</div><div><br></div><div>A number of distinctive chalets will recreate the ambience of a European Christmas market, where locals and visitors can shop for festive gifts, food and drinks. A special Holiday Treasure Market will also offer nostalgic Christmas collectibles from years past for charity sale, spreading warmth and festive blessings, with proceeds going to charitable causes. Visitors can also stop by the Christmas Mailing Corner, as well as write postcards at the postcard corner to send seasonal wishes to family and friends. Together with sparkling lights and decorations along Chater Road, these offerings will fill the heart of Central&#039;s business district with a rich festive atmosphere.</div><div><br></div><div>Central Landmarks Become the Canvas for an Eight-Act Immersive Light Show</div><div><br></div><div>Every evening from 7pm during the campaign, a brand-new light show will be projected onto the facades of iconic buildings around Statue Square Garden, including Bank of China Building, Bank of China Tower, Court of Final Appeal Building, Hong Kong City Hall High Block, Hong Kong Club Building, HSBC Main Building, Prince&#039;s Building, Standard Chartered Bank Building and Mandarin Oriental, Hong Kong. The eight-act show follows a classic steam train on a magical journey through a snowy wonderland, a toy world and a candy kingdom, passing iconic Hong Kong landmarks such as the Peak Tram along the way. As the journey unfolds, the giant Christmas tree and photo installations in the Wonderland will change colour in time with the lights and music, creating an immersive sensory experience.</div><div><br></div><div>2) Prudential Hong Kong Winter Wonderland in Tsim Sha Tsui</div><div>Double Delight for the Senses with a Joyful Concert and Enchanting Northern Lights</div><div><br></div><div>The seasonal spirit will also light up the Kowloon side of Victoria Harbour in Tsim Sha Tsui, where several landmarks will stage themed light shows, creating Hong Kong Winter Wonderland in Tsim Sha Tsui around a series of light show experiences.</div><div><br></div><div>The Tsim Sha Tsui Clock Tower and the Hong Kong Cultural Centre will become a stage of light for "The Stars of Christmas Concert", a performance brimming with seasonal experience. Locals and visitors can enjoy the show from the Cultural Centre&#039;s Viewing Deck, where cute cartoon friends, such as penguins and squirrels, will switch on a magical jukebox one by one, playing popular Christmas songs reimagined as energetic pop dance tracks and lively swing jazz. Through the interplay of dazzling lights and dynamic music, the waterfront will come alive with festive energy.</div><div><br></div><div>A stroll along the waterfront will lead visitors into an entirely different, romantic world of light and colour. The fa?ades of the Hong Kong Museum of Art and the Hong Kong Space Museum will present "Northern Lights". The Hong Kong Museum of Art will be bathed in the dreamlike colours of the aurora, evoking an enchanting world of ice and brilliant light, while the front of the Hong Kong Space Museum will be transformed into a giant crystal ball, with snowflakes swirling through the sky and adorable reindeers flying gracefully alongside. Together with a sea of more than 7,000 light orbs changing colours in time with the music, the display will create a mystical winter landscape where visitors can embrace their loved ones and make wishes together beneath the giant crystal ball.</div><div><br></div><div>3) Hong Kong Winter Wonderland in Causeway Bay</div><div>Adorable Elves Cast Winter Magic, with Light Show Stories and a Sea of Lights Adding to the Festive Atmosphere</div><div><br></div><div>The HKTB is collaborating with Hysan Development Company Limited (Hysan) to create Hong Kong Winter Wonderland in Causeway Bay. Inspired by a magical encounter between Santa Claus and six adorable elves, the event will transform Causeway Bay into an elf village.</div><div><br></div><div>During the event, the fa?ades of two buildings on Lan Fong Road and Pak Sha Road will stage a light show that tells the story of the elves busily preparing gifts in Santa&#039;s Christmas factory. Yun Ping Road and Hysan Avenue will also be lit up with twinkling lights and festive decorations, adding a rich winter atmosphere to the bustling district. Hysan Avenue will also be home to "Elves&#039; Night Out", a brand-new 40-metre-long outdoor bar offering a relaxing retreat in the heart of the city, where locals and visitors can enjoy signature drinks and spend a joyful evening together. They can also join a series of guided tours of Causeway Bay and cultural experiences at local upstairs shops to discover the neighbourhood&#039;s unique appeal.</div><div><br></div><div>In addition, Hong Kong Winter Wonderland in Causeway Bay will host a Christmas market and a series of Christmas workshops from mid-December and will offer a wide range of festive retail and dining privileges.</div><div><br></div><div>HKTB Teams Up with Industry Partners to Launch "Winter Wonder Deals" to Boost Spending in Hong Kong</div><div><br></div><div>To further boost consumer spending and enrich travel experiences, the HKTB has teamed up with AlipayHK, Alipay and Alipay+ to launch a large-scale spending promotion from 18 November 2026 to 5 January 2027.</div><div><br></div><div>Leveraging Alipay&#039;s vast Chinese Mainland user base, AlipayHK&#039;s more than five million active users in Hong Kong and the Alipay+ network of overseas partner e-wallets, the promotion allows locals and visitors to simply scan a designated QR code at participating merchants to join the promotion and receive more than 100 selected dining and retail offers, which can be used at any merchant that accepts AlipayHK, Alipay or Alipay+.</div><div><br></div><div>Chinese Mainland Alipay users and users of designated Alipay+ overseas partner e-wallets can enjoy additional exclusive privileges, including 100,000 spending offers, a chance to win spending rewards of up to HK$500 or RMB500, or to enjoy 20% off the total bill (up to a maximum discount of HK$100 or RMB100) at participating merchants under the Quality Tourism Services (QTS) Scheme. These rewards and offers can be used at any merchant that accepts Alipay or Alipay+. Offers are available on a first-come, first-served basis while stocks last.</div><div><br></div><div>The HKTB is also working with the industry to curate a selection of "Only in Hong Kong" delicacies and local souvenirs, giving visitors the opportunity to sample Hong Kong&#039;s unique flavours and experience its winter charm while taking part in festive activities.</div><div><br></div><div>Finally, the New Year Countdown fireworks display will be the grand finale of Hong Kong WinterFest, as locals and visitors welcome the new year together. Themed around the 30th anniversary of the establishment of the Hong Kong Special Administrative Region, the display&#039;s full details will be announced shortly. The HKTB has launched a one-stop Hong Kong WinterFest platform on Discover Hong Kong (http://www.discoverhongkong.com/winterfest), bringing together details of all the programmes and offers at festive hotspots across the city, so that locals and visitors can make the very most of the celebrations.</div><div><p class="MsoNormal" align="right" style="line-height: normal;">Appendix 1<o:p></o:p></p><p class="MsoNormal" align="center" style="line-height: normal;">Hong Kong WinterFest -Winter Wonderlands<o:p></o:p></p><table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border: none;"><tbody><tr><td colspan="2" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">1) Hong Kong Winter Wonderland in Central<o:p></o:p></p></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Highlights<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">A 22-metre giant outdoor Christmas tree, equivalent to a six-storey building, together with a classic steam train and Christmas Market.<o:p></o:p></p></td></tr><tr><td rowspan="2" valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Opening Period<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">18 November 2026 to 5 January 2027<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Christmas Market<br>18 November 2026 to 3 January 2027 (Thursdays to Sundays)<o:p></o:p></p></td></tr><tr><td rowspan="2" valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Opening Hours&nbsp;<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Opening Day:<br>18 November 2026<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">8:00pm to 11:30pm<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;"><br>Regular Season:<br>19 November to 22 December 2026;<br>27 December to 30 December 2026;<br>3 January 2027 to 5 January 2027<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">Monday to Friday: 4:00pm to 11:30pm<o:p></o:p></li><li class="MsoNormal" style="line-height: normal;">Saturday and Sunday: 11:00am to 11:30pm<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;"><br>Festive Late Nights:<br>23 December 2026<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">11:00am to 11:30pm<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;"><br>24 December to 26 December 2026;<br>31 December 2026 to 2 January 2027<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">11:00am to 1:30am (the following day)<o:p></o:p></li></ul></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Christmas Market<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">Thursday: 4:00pm to 8:00pm<o:p></o:p></li><li class="MsoNormal" style="line-height: normal;">Friday: 4:00pm to 9:00pm<o:p></o:p></li><li class="MsoNormal" style="line-height: normal;">Saturday, Sunday & Public Holidays: 12:00 noon to 10:00 p.m.<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;"><br>21 December to 23 December 2026<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">4:00pm to 8:00pm<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;"><br>24 December 2026<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">11:00 am to 1:00am (the following day)<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;"><br>25 December 2026<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">11:00am to 12:00 midnight<o:p></o:p></li></ul></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Venue<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Statue Square Garden (North and South), Central<o:p></o:p></p></td></tr></tbody></table><p class="MsoNormal" style="line-height: normal;">*&nbsp;Crowd control measures may be implemented during the festive period. Please follow the instructions of police officers and event staff on-site.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal;">&nbsp;</p><table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border: none;"><tbody><tr><td colspan="2" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Light Show within Hong Kong Winter Wonderland in Central<o:p></o:p></p></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Event Period<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">18 November 2026 to 5 January 2027<o:p></o:p></p></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Show Time<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">7:00pm to 11:00pm (Shows run every 30 minutes)<br><br>*&nbsp;24 December to 26 December 2026; 31 December 2026 to 2 January 2027<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">Extended to 1:00 am (the following day)<o:p></o:p></li></ul></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Recommended Viewing Location<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Statue Square Garden (South), Central<o:p></o:p></p></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Participating Buildings<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Bank of China Building, Bank of China Tower, the Court of Final Appeal Building, Hong Kong City Hall High Block, Hong Kong Club Building, HSBC Main Building, Prince&#039;s Building, Standard Chartered Bank Building and Mandarin Oriental, Hong Kong<o:p></o:p></p></td></tr></tbody></table><p class="MsoNormal" style="margin-bottom: 13.5pt; line-height: normal;">&nbsp;</p><table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border: none;"><tbody><tr><td colspan="2" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">2) Prudential Hong Kong Winter Wonderland in Tsim Sha Tsui<o:p></o:p></p></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Highlights<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Dual winter light shows themed "The Stars of Christmas Concert" and<br>"Northern Lights".<o:p></o:p></p></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Event Period<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">18 November 2026 - 5 January 2027<o:p></o:p></p></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Show Time&nbsp;<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Opening Day:<br>18 November 2026<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">8:45pm to 11:00pm<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;"><br>Regular Season:<br>19 November 2026 to 5 January 2027<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">7:00pm - 11:00pm</li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Special Arrangements:<br>24 December to 27 December 2026; 1&nbsp;January&nbsp;to&nbsp;2 January 2027<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">Extended to 1:00am (the following day)<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">28 December to 30 December 2026<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">The show will be partially suspended<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">31 December 2026<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">All shows are suspended for the New Year Countdown event<o:p></o:p></li></ul></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Participating&#8239;<br>Buildings&nbsp;<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Hong Kong Cultural Centre Cluster (Hong Kong Cultural Centre, Clock Tower, Hong Kong Museum of Art, Hong Kong Space Museum)<o:p></o:p></p></td></tr></tbody></table><p class="MsoNormal" style="line-height: normal;">*&nbsp;Crowd control measures may be implemented during the festive period. Please follow the instructions of police officers and event staff on-site.<o:p></o:p></p><p class="MsoNormal" style="line-height: normal;">&nbsp;</p><table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" style="border: none;"><tbody><tr><td colspan="2" valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">3) Hong Kong Winter Wonderland in Causeway Bay<o:p></o:p></p></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Highlights<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Elves cast winter magic, with projection mapping stories and a sea of lights adding to the festive mood. Inspired by a magical encounter between Santa Claus and six adorable elves, it will transform Causeway Bay into an elf village, including: Light Show, "Elves&#039; Night Out" Outdoor Bar, Christmas Market, Exclusive Dining Offers and twinkling lights and festive decorations - all coming together to bring rich holiday warmth to the bustling city centre.<o:p></o:p></p></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Event Period<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">25 November 2026 to 3 January 2027&nbsp;<o:p></o:p></p></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Opening Hours<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Light Show<br>25 November 2026 to 3 January 2027<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">7:00pm to 10:00pm<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">"Elves&#039; Nigh Out" Outdoor Bar<br>25 November 2026<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">8:00pm to 10:00pm<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">26 November 2026 to 3 January 2027<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">5:30pm to 10:00pm<o:p></o:p></li></ul><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;"><br>Christmas Market<o:p></o:p></p><ul type="disc"><li class="MsoNormal" style="line-height: normal;">Mid-December 2026<o:p></o:p></li></ul></td></tr><tr><td valign="top" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Venue<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Lee Gardens area (Hennessy Road to Leighton Road), Causeway Bay<o:p></o:p></p></td></tr></tbody></table><p class="MsoNormal" align="right" style="line-height: normal;">Appendix 2<o:p></o:p></p><p class="MsoNormal" align="center" style="line-height: normal;">Selected QTS Privileges for Locals & Visitors<o:p></o:p></p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Merchant name<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; border-image: initial; border-left: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Merchant offer<o:p></o:p></p></td></tr><tr><td colspan="2" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Dining<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Bangkok Thai Restaurant<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy a HK$100 cash voucher at Bangkok Thai Restaurant<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">City Cafe<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy Buy 1 Get 1 Free on Buffet Breakfast at City Cafe (original price HK$130 per person, plus 10% service charge)<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">FINDS - The Luxe Manor<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy Steak Frites For 2 at a special price of HK$500 at FINDS - The Luxe Manor<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">McDonald&#039;s Hong Kong<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">[Buy One Get One] Big Mac Meal<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Nabe One<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy a HK$20 discount upon purchasing the A5 Kagoshima Wagyu beef all-you-can-eat buffet after 5pm (Mon -Thu) at Nabe One<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Noah&#039;s Kitchen<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy 50% off on one 12-inch pizza at Noah&#039;s Kitchen (original price HK$168).<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Petit Jardin<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy 15% off on dine-in main menu items and regular set menus at Petit Jardin<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Porterhouse<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy a HK$10 coupon upon spending HK$100 or above on food items at Porterhouse<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Sakurada Japanese Restaurant<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy a special price of HK$330 for selected Boston Lobster Teppanyaki Lunch Set at Sakurada Japanese Restaurant<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Tai Hing<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy HK$10 off upon spending HK$100 or above on dinner dine-in at Tai Hing<o:p></o:p></p></td></tr><tr><td colspan="2" style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Retails<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">City Chain Co Ltd<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Receive a free CASIO watch worth HK$240 upon purchasing a watch at HK$1,500 or above at City Chain Co Ltd<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Hong Kong Duty Free<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy up to 25% off on selected Bowmore products at Hong Kong Duty Free<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Hung Fook Tong<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy Buy 1 Get 1 Free on Mango Deluxe at Hung Fook Tong<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Imperial Patisserie<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy Buy 1 Get 1 Free on designated palmiers, cookies and tea products at Imperial Patisserie<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">JHC<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy a HK$10 off upon spending HK$100 or above at JHC<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Lukfook Jewellery<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy up to 35% off upon purchase selected fixed price items at Lukfook Jewellery<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">On Kee Dry Seafood Co Ltd<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy a special price of HK$268 on the Abalone Lucky Bag at On Kee Dry Seafood Co Ltd<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">POPPOP RANGERS<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy a special price of HK$200 on 2 Christmas Music Tins at POPPOP RANGERS<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Sa Sa Cosmetic<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy a HK$10 discount upon spending HK$150 or above on any products at Sa Sa Cosmetic<o:p></o:p></p></td></tr><tr><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Wai Yuen Tong (Retail) Limited<o:p></o:p></p></td><td style="padding: 0.75pt 0.75pt 0.75pt 7.5pt; border-top: none; border-left: none; border-bottom: 1pt solid black; border-right: 1pt solid black;"><p class="MsoNormal" style="margin-bottom: 0.0001pt; line-height: normal;">Enjoy Buy 1 Get 1 Free on regular-priced Ganoderma Lucidum Spores 90 Capsules at Wai Yuen Tong (Retail) Limited<o:p></o:p></p></td></tr></tbody></table><p class="MsoNormal" style="line-height: normal;"><br></p></div><div>Copyright 2026 GlobeNewswire, Inc.</div></div>   ]]></description>
<pubDate>Thu, 12 Nov 2026 08:02:00 +0700</pubDate>
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<title>HGC Appoints Dr Frederic Schepens as Chief Executive Officer</title>
<link>https://relleaseid.com/berita-bisnis/HGC-Appoints-Dr-Frederic-Schepens-as-Chief-Executive-Officer</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/871_HGC-Appoints-Dr-Frederic-Schepens-as-Chief-Executive-Officer.jpg border=0 hspace=5 align=left width=350 /><div><div>Dr Frederic Schepens appointed as Chief Executive Officer of HGC</div><div><br></div></div><div>Source: HGC Global Communications</div><div><br></div><div>HONG KONG SAR - Media OutReach Newswire - 11 November 2026 - HGC Global Communications("HGC" or the "Group"), a Hong Kong-based digital infrastructure, connectivity and ICT solutions provider with international reach, today announced the appointment of Dr Frederic Schepens (Fred) as Chief Executive Officer, effective 1 November 2026. </div><div><br></div><div>Fred succeeds Andrew Kwok, who has decided that the time is right to begin the next chapter of his career outside the Group and will support a smooth handover to ensure continuity.</div><div><br></div><div>Fred will lead HGC&#039;s next phase of growth, overseeing the Group&#039;s strategy and operations across its enterprise, consumer, carrier and international businesses. With Hong Kong as its home market, HGC will continue to serve local households and businesses while strengthening the city&#039;s role as an international digital hub connecting Asia and the world.</div><div><br></div><div>Fred is a seasoned telecoms leader with 30 years of international experience across Europe, Asia, the Middle East and Africa. He founded and led Bayobab, MTN Group&#039;s open-access digital infrastructure business. He previously held senior carrier leadership roles at Vodafone and BICS.</div><div><br></div><div>Darrin Webb, Executive Vice Chairman of HGC, said, "Fred has built and grown digital infrastructure businesses and knows how to work with customers and partners across markets. That experience is a strong fit for HGC as we expand our businesses and deepen our partnerships in Hong Kong, across Asia and beyond. We are delighted to welcome Fred as CEO. I also want to thank Andrew for his leadership and for the trust he and the team have earned over the years."</div><div><br></div><div>Andrew Kwok said, "Leading HGC has been a true privilege. Through years of rapid industry change and challenging market conditions, our talented and dedicated team has shown remarkable resilience, and HGC has evolved and grown stronger as a result. I am deeply grateful to our colleagues, customers and partners for their trust and support. I look forward to continuing to contribute to the industry in a new capacity. Fred brings exceptional international experience across networks, carrier services and digital infrastructure, and I am confident he will lead HGC to even greater success."</div><div><br></div><div>Dr Frederic Schepens, Chief Executive Officer of HGC, said, "I am proud to join HGC and build on the expertise of our people and the trust of our customers. My focus is clear: to strengthen our core businesses and bring our connectivity, digital infrastructure and ICT capabilities closer together to help customers operate securely and adopt AI with confidence. We will be ambitious in our thinking and disciplined in our execution. I look forward to working closely with our people, customers and partners to turn these priorities into practical results."</div><div><br></div><div>About HGC Global Communications Limited</div><div>HGC Global Communications Limited (HGC) is a Hong Kong and international telecommunications operator and ICT solutions provider. The company owns extensive network infrastructure in Hong Kong and overseas, with 19 global offices and a staff presence in 33 cities worldwide. HGC provides telecommunications infrastructure services to other operators, as well as connectivity, ICT solutions and broadband services to enterprises, SMEs and households in local and international markets. HGC owns and operates an extensive fibre-optic network and five cross-border telecommunications routes integrated with tier-one operators in Chinese Mainland, and connects with hundreds of international telecommunications operators. </div><div><br></div><div>The company continues to invest in its infrastructure, technologies and services. In 2019, HGC Group acquired Macroview Telecom Limited (Macroview), a digital technology solutions and managed services provider, strengthening the Group&#039;s ICT and digital services capabilities. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focused on energy, utilities, transport, social infrastructure, digital infrastructure and environmental infrastructure in North America, Europe, Latin America and Asia.</div><div><br></div><div>To learn more, please visit HGC&#039;s website at: www.hgc.com.hk</div><div>LinkedIn: Linkedin.com/company/hgc-global-communications/</div><div><br></div><div>The issuer is solely responsible for the content of this announcement.</div><div><br></div><div>Hashtags: #HGC</div><div><br></div><div>https://www.hgc.com.hk/</div><div>https://hk.linkedin.com/company/hgc-global-communications/</div><div><br></div>   ]]></description>
<pubDate>Thu, 12 Nov 2026 07:25:00 +0700</pubDate>
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<title>SCG Outlines Vision to Strengthen ASEAN Industrial Competitiveness, Accelerating Business Transformation Through Innovation, Technology and Strategic Collaboration at Fortune Southeast Asia 500 Summit 2026</title>
<link>https://relleaseid.com/berita-bisnis/SCG-Outlines-Vision-to-Strengthen-ASEAN-Industrial-Competitiveness--Accelerating-Business-Transformation-Through-Innovation--Technology-and-Strategic-Collaboration-at-Fortune-Southeast-Asia-500-Summit-2026</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/7426_SCG-Outlines-Vision-to-Strengthen-ASEAN-Industrial-Competitiveness--Accelerating-Business-Transformation-Through-Innovation--Technology-and-Strategic-Collaboration-at-Fortune-Southeast-Asia-500-Summit-2026.jpg border=0 hspace=5 align=left width=350 /><div><div>Photo: Mr. Thammasak Sethaudom, President and CEO of SCG, shares his vision for strengthening ASEAN&#039;s industrial competitiveness at the Fortune Southeast Asia 500 Summit 2026 in Vietnam.</div><div><br></div></div><div>Source: SCG</div><div><br></div><div>HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 11 November 2026 - SCG outlined its ASEAN industrial competitiveness vision in the "Climbing Up the Value Chain" session at Fortune Southeast Asia 500 Summit 2026.</div><div><br></div><div>Thammasak Sethaudom, President and CEO of SCG, called for "a shift from volume-driven growth to value creation through innovation, technology, and productivity improvements." He emphasized AI & Robotics to enhance efficiency and create business opportunities, workforce development, sustainable business under Inclusive Green Growth and supply-chain collaboration among governments, businesses, partners and small and medium-sized enterprises (SMEs), connecting national strengths and helping SMEs access innovation.</div><div><br></div><div>For 9M/2026, Adjusted Cash EBITDA reached 57,357 MB, up 19% year on year and exceeding full-year 2025&#039;s 55,012 MB. Reported Profit was 20,143 MB. Restructuring, cost management and efficient capital allocation supported these results amid global volatility.</div><div><br></div><div>Expecting petrochemical recovery from two-year lows, SCG Chemicals (SCGC) is pursuing four initiatives: 1) managing production, sourcing feedstock and aligning product allocation with customer needs and target market demand amid uncertainty over Middle East conflict, while increasing the share of High Value-Added Products (HVA); 2) accelerating the ethane feedstock enhancement project at Vietnam&#039;s Long Son Petrochemicals (LSP) complex, expected to save more than US$250 million annually, with operations expected to resume in Q2/2027 ahead of schedule; 3) managing its investment portfolio through the completed sale of a 14.86% stake in Indonesia&#039;s PT Chandra Asri Pacific Tbk. to reduce financial burdens and fund strategic investments; and 4) bringing together the strengths of SCGC&#039;s and GC&#039;s olefins and polyolefins businesses in Thailand to strengthen the Thai petrochemical industry&#039;s global competitiveness. Other initiatives include expanding Low Carbon Cement across ASEAN, a platform serving building materials markets, and ASEAN consumer packaging expansion.</div><div><br></div><div>Kulachet Dharachandra, President and Country Director - Vietnam, joined the Ho Chi Minh City Investment Cooperation Forum&#039;s "Dialogue between City Leaders and Investors" on "Investment Needs and Potential for Cooperation." He emphasized economic growth, environmental stewardship, resource efficiency and workforce development to strengthen existing investors&#039; confidence, attract investment and grow with Vietnamese businesses.</div><div><br></div><div>SCG also received an award recognizing its No. 22 ranking in the 2026 Fortune Southeast Asia 500, marking its third consecutive year on the list. SCG&#039;s participation in forums reflects its commitment to building long-term partnerships with businesses across ASEAN and creating lasting shared value.</div><div><br></div><div>The issuer is solely responsible for the content of this announcement.</div><div><br></div><div>Hashtags: #SCG</div><div><br></div>   ]]></description>
<pubDate>Thu, 12 Nov 2026 07:20:00 +0700</pubDate>
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<title>BAIC FOTON Memperkenalkan Strategi Pengisian Daya Supercepat untuk Memajukan Ekosistem Energi Pintar Global</title>
<link>https://relleaseid.com/berita-bisnis/BAIC-FOTON-Memperkenalkan-Strategi-Pengisian-Daya-Supercepat-untuk-Memajukan-Ekosistem-Energi-Pintar-Global</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/5722_BAIC-FOTON-Memperkenalkan-Strategi-Pengisian-Daya-Supercepat-untuk-Memajukan-Ekosistem-Energi-Pintar-Global.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>BEIJING, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Pada 6 November, BAIC FOTON menggelar acara peluncuran Strategi Pengisian Daya Supercepat di Beijing yang dihadiri oleh jajaran eksekutif perusahaan, mitra industri, pelanggan, dan perwakilan media.</div><div><br></div><div> Perusahaan memperkenalkan strategi pengisian daya supercepat terintegrasi serta meluncurkan secara perdana di tingkat global truk ringan AUMARK Z dengan teknologi pengisian daya supercepat dan truk berat dengan teknologi pengisian daya supercepat berkapasitas megawatt, yang memajukan ekosistem "Kendaraan?Pengisi Daya?Jaringan Listrik?Cloud" miliknya.</div><div><br></div><div>Pengelolaan Energi Terintegrasi dan Teknologi Pengisian Daya Supercepat</div><div>Qin Zhidong, Wakil Presiden BAIC FOTON, menguraikan strategi tersebut dengan menyoroti berbagai peluang dalam layanan pengisian daya, pembangkit listrik virtual, penyewaan baterai, dan penggunaan kembali baterai.</div><div><br></div><div>Arsitektur terintegrasi ini menghubungkan kendaraan, stasiun pengisian daya, jaringan listrik, dan platform cloud untuk mendukung pengelolaan energi yang terkoordinasi. Didukung oleh lebih dari 3,5 juta kendaraan yang terhubung, pemrosesan data harian sebesar 3 PB, dan 770.000 terminal pengisian daya, sistem ini memungkinkan operasional berbasis data.</div><div><br></div><div>Arsitektur 800 V pada kendaraan ini mampu mendukung tegangan hingga 1.000 V, daya pengisian sebesar 1,5 MW, dan arus hingga 1.600 A melalui konektor ganda. Didukung teknologi manajemen termal, baterainya menawarkan tingkat pengisian daya di atas 4C, efisiensi sebesar 95%, dan masa pakai lebih dari 6.500 siklus.</div><div><br></div><div>Dua Model Kendaraan dengan Pengisian Daya Supercepat Debut Secara Global</div><div>Ma Lu, Presiden Divisi Bisnis FOTON AUV dan AUMARK, memperkenalkan AUMARK Z, yang diklaim sebagai truk ringan pertama di dunia dengan teknologi pengisian daya supercepat yang dibangun di atas platform khusus kendaraan listrik. Dengan tingkat pengisian daya 8C dan daya puncak 1,05 MW, kendaraan ini dapat mengisi daya baterai dari 20% hingga 80% dalam delapan menit.</div><div><br></div><div>Chen Peng, Wakil Presiden Litbang FOTON AUMAN, memperkenalkan truk berat dengan teknologi pengisian daya berkapasitas megawatt yang mencakup seri AUMAN GALAXUS dan CAVAN BEACON. Pengisian daya selama enam menit memungkinkan kendaraan menempuh jarak sekitar 100 kilometer sehingga mendukung operasional logistik ekspres, transportasi rantai dingin, kegiatan pelabuhan, dan pengangkutan kargo curah.</div><div><br></div><div>Memperluas Ekosistem Pengisian Daya Supercepat Global</div><div>BAIC FOTON tengah mengembangkan stasiun pengisian daya yang terintegrasi dengan sistem tenaga surya dan penyimpanan energi. Stasiun ini memiliki input AC 10 kV dan output DC 1.000 V serta menggabungkan pembangkitan listrik, penyimpanan energi, dan pengelolaan energi.</div><div><br></div><div>Bersama CATL, Sunwoda, TELD, dan Hunan Jingneng, BAIC FOTON meluncurkan Aliansi Ekosistem Industri Pengisian Daya Supercepat, dengan target pembangunan 5.000 stasiun pengisian daya terintegrasi yang terstandardisasi.</div><div><br></div><div>Dengan memanfaatkan jaringan operasionalnya di lebih dari 140 negara dan wilayah, BAIC FOTON berencana memperluas infrastruktur pengisian daya di Asia Pasifik, Amerika Latin, Afrika, dan Eropa, dengan target lebih dari 3.000 unit pengisian daya di luar negeri pada tahun 2027.</div><div><br></div><div>Melalui kolaborasi dalam ekosistem kendaraan, baterai, dan energi, BAIC FOTON bertujuan meningkatkan efisiensi logistik, mengurangi biaya operasional, serta mendukung transportasi komersial yang lebih ramah lingkungan di seluruh dunia.</div><div><br></div><div>Copyright 2026 GlobeNewswire, Inc.</div>   ]]></description>
<pubDate>Thu, 12 Nov 2026 07:16:00 +0700</pubDate>
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<title>Robotika Humanoid dan Alur Kerja Pelatihan VLA YYForce Tampil dalam Program Meeting AI di Mediacorp</title>
<link>https://relleaseid.com/berita-bisnis/Robotika-Humanoid-dan-Alur-Kerja-Pelatihan-VLA-YYForce-Tampil-dalam-Program-Meeting-AI-di-Mediacorp</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/9957_Robotika-Humanoid-dan-Alur-Kerja-Pelatihan-VLA-YYForce-Tampil-dalam-Program-Meeting-AI-di-Mediacorp.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>Liputan televisi ini menampilkan robot humanoid Unitree G1 bersama teknologi teleoperasi yang melibatkan manusia dan pelatihan AI Vision-Language-Action (VLA). Liputan tersebut juga menyoroti visi YYForce dalam membangun tenaga kerja masa depan yang didukung oleh teknologi</div><div><br></div><div>SINGAPURA, Nov. 11, 2026 (GLOBE NEWSWIRE) -- YYForce Inc. (Nasdaq: YFOR) ("YYForce" atau "Perusahaan"), penyedia solusi tenaga kerja teknologi dan layanan pengelolaan fasilitas terpadu berbasis teknologi, hari ini mengumumkan bahwa inisiatif pelatihan robotika humanoid miliknya telah ditampilkan dalam sebuah tayangan televisi khusus yang diproduksi dan disiarkan oleh Mediacorp di Singapura.</div><div><br></div><div>Liputan tersebut ditayangkan pada 6 November 2026 dalam program teknologi dan isu terkini Mediacorp 8world, Meeting AI (&#12298;&#36935;&#35265;AI&#12299;), dalam episode berjudul "Bisakah AI Belajar Hanya dalam Satu Sesi?" (&#12298;AI-&#25945;&#23601;&#20250;&#65311;&#12299;).</div><div><br></div><div>Tonton tayangan lengkapnya di YouTube: https://youtu.be/QdH6VVlspYI</div><div><br></div><div>Dipandu oleh presenter berpengalaman Zhang Haijie, tayangan televisi ini memberikan pemirsa wawasan mendalam mengenai perkembangan teknologi robotika humanoid melalui demonstrasi langsung, serta alur kerja pelatihannya untuk penerapan komersial. Dalam tayangan tersebut, presenter berpartisipasi langsung dalam demonstrasi teleoperasi (pengendalian jarak jauh) robot humanoid Unitree G1. Demonstrasi ini menggunakan perangkat VR yang dikenakan di kepala serta lima sensor pelacak presisi yang dipasang pada kepala, tangan, dan kaki. Sistem ini memetakan gerakan dan kecepatan manusia ke dalam gerakan robot secara langsung secara real time. Selain itu, sistem merekam sudut sendi, posisi kinematik, dan data visual dari kamera untuk menghasilkan set data pelatihan AI fisik dengan fidelitas tinggi.</div><div><br></div><div>Alur Kerja Teknis Utama yang Ditampilkan dalam Tayangan:</div><div><br></div><div>Demonstrasi Manusia & Pencatatan Data Kinematik: Operator manusia memperagakan tugas fisik standar secara berulang untuk merekam aktivitas pergerakan sendi dan feed visual tanpa memerlukan pelabelan koordinat secara manual.</div><div>Pembersihan & Penyaringan Data: Data lintasan gerakan dan aliran data sensor yang telah direkam diseleksi dan disaring untuk menghilangkan anomali dalam pelaksanaan tugas serta sampel hasil percobaan yang kurang optimal.</div><div>Pelatihan Vision-Language-Action (VLA): Seperti yang ditunjukkan dalam tayangan, proses melatih robot humanoid agar mampu mengenali, menggenggam, dan memindahkan cangkir secara mandiri memerlukan 40 kali demonstrasi oleh manusia dan pembersihan data. Proses ini lalu dilanjutkan dengan pelatihan jaringan neural menggunakan model VLA canggih selama sekitar delapan jam hingga robot mampu menjalankan tugas tersebut secara mandiri.</div><div><br></div><div>Tayangan tersebut menggambarkan kenyataan di balik kecerdasan buatan terwujud. Agar robot layanan dapat beroperasi secara efektif dan aman di lingkungan komersial nyata yang tidak terstruktur, prosesnya harus dimulai dengan pembelajaran terstruktur dari para pekerja manusia di lini depan.</div><div><br></div><div>Menghadirkan Robotika dalam Lingkungan Layanan Nyata</div><div><br></div><div>YYForce mengembangkan strategi robotikanya dengan berfokus pada penerapan komersial yang praktis, bukan sekadar demonstrasi teknologi robotika. Perusahaan tengah menjajaki penerapan robot humanoid dan robot khusus di berbagai bidang, termasuk perhotelan, pengelolaan fasilitas terpadu, layanan kebersihan komersial, pengantaran, keamanan, serta lingkungan layanan lainnya yang padat karya.</div><div><br></div><div>Inisiatif robotika YYForce mencakup pelatihan robot humanoid dan pengumpulan data untuk berbagai tugas, seperti pembersihan kamar hotel dan toilet serta penerapan dalam layanan perhotelan. Selain itu, inisiatif ini juga mencakup robot komersial khusus yang dirancang untuk menjalankan tugas pembersihan, pengantaran, dan fungsi operasional lainnya.</div><div><br></div><div>Perusahaan meyakini bahwa perpaduan tenaga kerja manusia dengan sistem berbasis AI dan teknologi robotika dapat menciptakan model baru dalam penempatan tenaga kerja. Dalam model ini, teknologi membantu menangani tugas-tugas yang berulang, terstandardisasi, dan menuntut kemampuan fisik. Sementara itu, pekerja manusia berfokus pada aktivitas yang memerlukan komunikasi, pertimbangan, dan interaksi dengan pelanggan.</div><div><br></div><div>Membangun Infrastruktur untuk Kolaborasi Manusia dan Robot</div><div><br></div><div>YYForce tengah mengembangkan berbagai kemampuan yang bertujuan mendukung adopsi teknologi robotika secara lebih luas dalam lingkungan layanan di dunia nyata. Di Singapura, Perusahaan telah membangun fasilitas demonstrasi dan pelatihan robotika yang memungkinkan robot humanoid dan robot layanan khusus untuk diperkenalkan, dilatih, dan dievaluasi dalam berbagai skenario operasional.</div><div><br></div><div>Inisiatif ini bertujuan membantu YYForce memahami bagaimana teknologi robotika dapat diintegrasikan ke dalam operasional tenaga kerja dan pengelolaan fasilitas yang sudah ada. Selain itu, inisiatif ini juga bertujuan mengembangkan keterampilan dan proses operasional yang diperlukan untuk penerapannya di masa mendatang.</div><div><br></div><div>Komentar Manajemen</div><div><br></div><div>Mike Fu, Chief Executive Officer YYForce, mengatakan:</div><div><br></div><div>"Ditampilkan dalam tayangan Mediacorp memberikan kesempatan bagi kami untuk menunjukkan kepada khalayak yang lebih luas betapa pesatnya perkembangan teknologi robotika, dari tahap konsep menuju penerapan praktis. Tayangan tersebut menunjukkan kenyataan di balik AI fisik: agar robot dapat beroperasi secara andal di lingkungan komersial, robot harus terlebih dahulu belajar langsung dari pengalaman manusia."</div><div><br></div><div>"Visi kami bukanlah menggantikan manusia dengan robot. Kami tengah mengembangkan model operasional yang memungkinkan manusia, AI, robot humanoid, dan robot layanan khusus bekerja sama, dengan masing-masing menjalankan fungsi yang dapat memberikan nilai manfaat terbesar."</div><div><br></div><div>"Bidang perhotelan dan pengelolaan fasilitas menyediakan lingkungan yang praktis untuk mengembangkan kemampuan ini karena mencakup beragam tugas yang berulang, membutuhkan aktivitas fisik, dan berorientasi pada layanan. Metode pelatihan berbasis praktik langsung ini merupakan komponen penting dalam Visi YYForce 2030 kami, yang terus mendorong kami untuk Melangkah Maju Bersama (Forging Forward Together) menuju masa depan dunia kerja."</div><div><br></div><div>Dari Penyedia Tenaga Kerja Menuju Platform Solusi Tenaga Kerja Masa Depan</div><div><br></div><div>Tayangan Mediacorp tersebut mencerminkan transformasi YYForce yang lebih luas, dari bisnis layanan tenaga kerja dan fasilitas tradisional menuju platform solusi tenaga kerja masa depan berbasis teknologi.</div><div><br></div><div>Melalui Visi YYForce 2030, Perusahaan tengah mengembangkan ekosistem yang menyatukan:</div><div><br></div><div>Tenaga kerja manusia dan kemampuan penyediaan tenaga kerja sesuai permintaan;</div><div>Kecerdasan buatan dan teknologi tenaga kerja;</div><div>Robot humanoid dan robotika layanan khusus;</div><div>Pelatihan robotika, pengumpulan data, dan penerapan robot dalam kegiatan operasional;</div><div>IoT, sensor, dan teknologi bangunan pintar; serta</div><div>Platform pengelolaan fasilitas terpadu 24iFM milik YYForce.</div><div>Tujuan jangka panjangnya adalah memungkinkan tenaga kerja manusia, AI, dan teknologi robotika bekerja sama dalam ekosistem penyediaan layanan yang saling terhubung.</div><div><br></div><div>Tentang YYForce Inc.</div><div><br></div><div>YYForce Inc. (Nasdaq: YFOR) adalah perusahaan penyedia solusi tenaga kerja dan layanan pengelolaan fasilitas terpadu berbasis teknologi. Perusahaan tengah mengembangkan ekosistem tenaga kerja masa depan yang memadukan sumber daya manusia, kecerdasan buatan, robot humanoid dan robot layanan, teknologi IoT, serta platform pengelolaan fasilitas digital.</div><div><br></div><div>Melalui operasional tenaga kerja, kemampuan pengelolaan fasilitas terpadu, platform 24iFM, dan inisiatif robotika yang sedang dikembangkan, YYForce berupaya mendukung transisi menuju penyediaan layanan berbasis teknologi yang mengedepankan kolaborasi antara manusia dan mesin.</div><div><br></div><div>Untuk informasi lebih lanjut, kunjungi www.yyforce.ai.</div><div><br></div><div>Pernyataan Berwawasan ke Depan</div><div><br></div><div>Siaran pers ini memuat pernyataan berwawasan ke depan sebagaimana dimaksud dalam Pasal 27A Undang-Undang Sekuritas Tahun 1933, sebagaimana telah diubah, dan Pasal 21E Undang-Undang Perdagangan Sekuritas Tahun 1934, sebagaimana telah diubah. Pernyataan-pernyataan ini didasarkan pada ekspektasi dan asumsi Perusahaan saat ini, serta informasi yang tersedia bagi Perusahaan per tanggal rilis siaran pers ini. Pernyataan berwawasan ke depan dapat dikenali melalui penggunaan kata-kata seperti "mungkin", "akan", "seharusnya", "memperkirakan", "mengantisipasi", "merencanakan", "bermaksud", "meyakini", "mengestimasi", "potensi", atau ungkapan serupa, maupun bentuk negatif dari istilah-istilah tersebut.</div><div><br></div><div>Pernyataan berwawasan ke depan dalam siaran pers ini termasuk, tetapi tidak terbatas pada, strategi dan Visi 2030 YYForce, pengembangan, pelatihan, integrasi, serta adopsi komersial solusi AI dan robotikanya, termasuk robot humanoid, kolaborasi manusia dan robot, permintaan pelanggan, prioritas investasi, serta tujuan operasional.</div><div><br></div><div>Pernyataan berwawasan ke depan mengandung risiko dan ketidakpastian yang melekat, dan peristiwa mendatang yang dibahas dalam siaran pers ini mungkin tidak terjadi. Peristiwa dan hasil aktual dapat berbeda secara signifikan serta bergantung pada risiko, ketidakpastian, dan asumsi terkait Perusahaan dan sejumlah faktor lainnya.</div><div><br></div><div> Untuk pembahasan lebih terperinci mengenai faktor-faktor risiko, silakan merujuk pada dokumen yang diserahkan Perusahaan kepada Komisi Sekuritas dan Bursa AS (SEC), termasuk bagian "Risk Factors" (Faktor Risiko) dalam laporan tahunan terbaru Perusahaan pada Formulir 20-F, sebagaimana diubah. YYForce tidak berkewajiban untuk memperbarui pernyataan ini kecuali sebagaimana diwajibkan oleh hukum yang berlaku.</div><div><br></div><div>Informasi yang terdapat dalam atau dapat diakses melalui tayangan Mediacorp maupun situs web apa pun yang disebut dalam siaran pers ini tidak disertakan dan tidak menjadi bagian dari siaran pers ini.</div><div><br></div><div>Copyright 2026 GlobeNewswire, Inc.</div>   ]]></description>
<pubDate>Thu, 12 Nov 2026 06:54:00 +0700</pubDate>
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<title>KAIYI X7 Hybrid Delivers Comprehensive Protection for Family Journeys</title>
<link>https://relleaseid.com/berita-bisnis/KAIYI-X7-Hybrid-Delivers-Comprehensive-Protection-for-Family-Journeys</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/6560_KAIYI-X7-Hybrid-Delivers-Comprehensive-Protection-for-Family-Journeys.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>YIBIN, China, Nov. 10, 2026 (GLOBE NEWSWIRE) -- KAIYI Auto is currently hosting X7 Hybrid test-drive events worldwide. In South America, a fleet of X7 Hybrids in Bolivia will travel from Santa Cruz to La Paz from November 9 to 14, crossing the Andean highlands and covering 1,075 km.</div><div><br></div><div> In the Middle East, Eastern Europe and Southeast Asia, dealers are working with automotive influencers on urban roads, intercity highways and mountain routes with a full load. These activities reflect the X7 Hybrid&#039;s strengths in hybrid power, range, driving dynamics, and active and passive safety.</div><div><br></div><div>Comprehensive Active Safety for Everyday Driving</div><div><br></div><div>The X7 Hybrid integrates 12 active-safety systems. Adaptive Cruise Control (ACC) maintains a following distance and can bring the vehicle to a stop behind the vehicle ahead; if traffic stops briefly-up to three seconds-it can resume automatically with traffic, helping reduce pedal fatigue. If a frontal collision risk is detected, Autonomous Emergency Braking (AEB) applies braking to help avoid or mitigate a rear-end collision.</div><div><br></div><div>For lane changes and merging, Blind Spot Detection (BSD) and Lane Change Assist (LCA) monitor traffic to the side and rear. A 540? surround-view camera activates automatically during parking to reduce blind spots, while Safe Exit Assist (SEA) alerts occupants to approaching vehicles and cyclists. Lane Departure Warning (LDW), Forward Collision Warning (FCW) and Rear Collision Warning (RCW) provide alerts for lane departure, forward collision risk and rear collision risk. These systems provide early warnings and timely intervention at critical moments.</div><div><br></div><div>Reinforced Safety for Occupant Protection</div><div><br></div><div>The X7 Hybrid features an integrated cage-style body structure. Hot-formed steel is used in areas, including the A/B pillars, sills and mid-floor crossmembers, while high-strength steel accounts for 65% of the body structure. The roof can withstand approximately three times the vehicle&#039;s weight, and key structures around the cabin are reinforced. Complementing this protection, the vehicle features six airbags with a response time of 0.03 seconds. These help cushion occupants in collisions, enhancing occupant protection.</div><div><br></div><div>Validated in Real-World Driving Conditions</div><div><br></div><div>For KAIYI, safety is never just about adding features-it is a responsibility to every user and every journey. From integrated active and passive protection to real-world validation, the X7 Hybrid embeds user-centric safety into every detail, helping customers set out confidently and arrive safely-whether on highland long-distance drives, urban commutes or family trips.</div><div><br></div><div><span style="font-size: 14px;">Copyright 2026 GlobeNewswire, Inc.</span></div>   ]]></description>
<pubDate>Thu, 12 Nov 2026 06:48:00 +0700</pubDate>
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<title>New Two Way Trade Momentum Highlighted at China-Africa Cooperation Forum in Yiwu</title>
<link>https://relleaseid.com/berita-bisnis/New-Two-Way-Trade-Momentum-Highlighted-at-China-Africa-Cooperation-Forum-in-Yiwu</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/2620_New-Two-Way-Trade-Momentum-Highlighted-at-China-Africa-Cooperation-Forum-in-Yiwu.jpg border=0 hspace=5 align=left width=350 /><div><div>Photo: 2026 Forum on China-Africa Economic, Trade and Cultural Cooperation Opens in Yiwu, Jinhua</div><div><br></div></div><div>Source: Yiwu Information Office</div><div><span style="font-size: 14px;"><br></span></div><div><span style="font-size: 14px;">YIWU, CHINA - Media OutReach Newswire - 10 November 2026 - On November 7, the 2026 Forum on China-Africa Economic, Trade and Cultural Cooperation was held in Yiwu, a commercial hub in central Zhejiang, east China.</span></div><div><br></div><div>As a key supporting event under the framework of the Forum on China-Africa Cooperation (FOCAC), the gathering drew statesmen, diplomats and hundreds of Chinese and foreign business participants.</div><div><br></div><div>Building on eight years of accumulated progress and over 140 signed projects, the forum keeps focusing on delivering outcomes from the FOCAC Beijing Summit and aligning with the 10 partnership action plans.</div><div><br></div><div>Once again, it shined the global spotlight on Yiwu - a city with no seacoast nor border access, yet a pivotal hub for people-to-people China-Africa trade.</div><div><br></div><div>Inside the Yiwu International Expo Center, a three-day China-Africa trade exhibition opened ahead of the forum. Within its 10 000-square-metre hall sit 400 well-arranged booths, bringing together 186 enterprises from 15 countries.</div><div><br></div><div>Import-zone shelves are stocked with Ethiopian coffee, Ghanaian shea butter and Zimbabwean handicrafts. Meanwhile, a wide array of Chinese-made goods for household use, stationery, cultural-creative products and beauty cosmetics are ready to reach households across Africa.</div><div><br></div><div>More than two decades ago, Chinese and African merchants had to travel far and wide to source goods and secure buyers. Today, complete warehousing, customs-declaration and cross-border logistics allow exhibits to move straight from booths onto ocean-going vessels, closing the full loop from display to delivery.</div><div><br></div><div>Transformations extend well beyond exhibition halls.</div><div><br></div><div>Twenty years ago, most African traders in Yiwu acted purely as purchasers: they would fill shipping containers with selected goods and ship them back home.</div><div><br></div><div>On May 1 this year, China implemented zero-tariff treatment for 53 African diplomatic partners, further reshaping Sami&#039;s business landscape. Trade is no longer a one-way "sell-out" model. Seizing this policy dividend, he began importing local Ugandan specialties such as coffee beans and chili peppers into China. Via Yiwu&#039;s hub, these goods are then distributed to broader markets aboard the China-Europe Yiwu-Xinjiang-Europe Railway Express.</div><div><br></div><div>"Zero tariffs give young Africans direct access to the Chinese market and make two-way trade far more actionable," Ugandan businessman Sami said, hoping more African traders will leverage Yiwu as a platform to bring African products to the wider world.</div><div><br></div><div>Like Sami, many entrepreneurs from diverse African nations regard Yiwu as their second home and serve as living, human-scale bridges connecting the two continents.</div><div><br></div><div>Official statistics bear witness to this shift. Between January and September 2026, Yiwu&#039;s exports to Africa reached 135.903 billion yuan, marking a year-on-year rise of 30.18 percent.</div><div><br></div><div>Historically, China-Africa trade largely featured Chinese goods flowing one-way toward Africa. Today trade chains are evolving into two-way pathways. African coffee, honey and avocados are finding growing room in China&#039;s consumer market. At the same time, Chinese enterprises are no longer content with merely delivering cargo to African ports.</div><div><br></div><div>Many firms are pushing supply-chain operations deeper into African local contexts. Local Yiwu-based supply-chain operators have set-up exhibition halls and 15 000-square-metre overseas warehouses in Senegal.</div><div><br></div><div>Conventional export business often concluded once goods departed Chinese ports. Now, end-to-end services including bulk procurement, overseas warehousing, local distribution and brand internationalisation travel alongside merchandise into Africa.</div><div><br></div><div>To date, Yiwu has established 28 overseas warehouses across 12 African countries. Together with offshore sub-markets and national-buyer service centers, a network spanning procurement, warehousing and distribution is taking shape, bridging Chinese supply capacity and African consumer demand.</div><div><br></div><div>In Yiwu, China-Africa cooperation finds tangible expression in shipping containers, grassroots commercial orders and ordinary people&#039;s pursuit of success.</div><div><br></div><div>Though land-locked, Yiwu links countless towns across the African continent. The Chinese city bears witness to China-Africa trade advancing past simple commodity transactions, entering a new era of co-built supply chains, mutual market access and people-to-people cultural bonds.</div><div><br></div><div>The issuer is solely responsible for the content of this announcement.</div>   ]]></description>
<pubDate>Thu, 12 Nov 2026 06:39:00 +0700</pubDate>
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<title>Construction begins on massive underground neutrino experiment designed to unlock the secrets of the universe</title>
<link>https://relleaseid.com/berita-bisnis/Construction-begins-on-massive-underground-neutrino-experiment-designed-to-unlock-the-secrets-of-the-universe</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/5457_Construction-begins-on-massive-underground-neutrino-experiment-designed-to-unlock-the-secrets-of-the-universe.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>Nearly a mile underground in South Dakota, scientists are building a world-leading experiment to study neutrinos and investigate some of the universe&#039;s greatest mysteries, including how the universe took shape after the Big Bang and if neutrinos are the reason our world is predominantly made of matter. Currently, crews from Fermilab, CERN and SURF are assembling large steel beams to form the outer structure of the neutrino experiment&#039;s massive detector modules.</div><div><br></div><div>Batavia, Illinois, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Installation crews with the U.S. Department of Energy&#039;s (DOE) Fermi National Accelerator Laboratory (Fermilab) and CERN, the European Organization for Particle Physics, are working alongside the Sanford Underground Research Facility (SURF) to begin building massive cryostats, giant insulated containers designed to hold liquid argon at an extremely cold temperature, for the leading-edge Deep Underground Neutrino Experiment (DUNE).</div><div><br></div><div>The work is happening nearly a mile underground at SURF in Lead, South Dakota, where thousands of red steel beams were meticulously transported, one by one, from the surface down to the assembly area. Once installed, the beams will form the outer structures of the experiment&#039;s two detector module cryostats. Each will house approximately 17,000 tons of liquid argon maintained at approximately minus 300 degrees Fahrenheit.</div><div><br></div><div>"DUNE is Fermilab&#039;s top priority," said Norbert Holtkamp, director of Fermilab. "The entire organization is thrilled to see this work begin. Once underway, DUNE has the potential to help us broaden our fundamental understanding of our universe, as well as potentially open the door to new technological advances."</div><div><br></div><div>Once operational, Fermilab will send a beam of neutrinos 800 miles (1,300 kilometers) through Earth to DUNE&#039;s liquid-argon detectors in South Dakota. A second detector near the neutrino beam source at Fermilab will measure the particles before they begin their journey. Together, the facilities at Fermilab and the underground site in South Dakota form the Long-Baseline Neutrino Facility.</div><div><br></div><div>DUNE is an international collaboration of over 1,500 researchers hosted by Fermilab, including five DOE Office of Science Laboratories. The more than 6,200 tons of steel being used on the cryostat modules are an in-kind contribution from CERN. CERN is leading the design, construction planning, logistics and installation of DUNE&#039;s massive cryostats, working with a Minnesota-based structural steel contractor to assemble the structures deep underground in South Dakota.</div><div><br></div><div>"We have been lucky to see several milestones occur recently, such as the arrival of steel for both cryostats in Rapid City from Houston, to the celebration earlier this year marking the start of steel being lowered underground in Lead," said Jolie Macier, project manager for the far detectors and cryogenics of DUNE. "This brings us one step closer to science."</div><div><br></div><div>The DUNE experiment marks the first time CERN has made such significant contributions to an experiment happening outside of Europe.</div><div><br></div><div>&nbsp;"Collaboration is in CERN&#039;s DNA, and our contribution to DUNE is a brilliant example of cross-organizational partnership," said Mark Thomson, director general of CERN. "After years of planning and careful coordination, I am thrilled to see that we are ready to start installation."</div><div><br></div><div>CERN is a leader in particle physics technologies, including the design of the unique cryostats for DUNE. Using its Neutrino Platform facility, CERN developed and built the ProtoDUNE detector, the first prototype of the two detector technologies that will be used in the DUNE far detector modules.</div><div><br></div><div>"The work that has been done is a full contribution of CERN&#039;s expertise," said Llu?s Miralles, Neutrino Platform principal project engineer at CERN. "Not only did we contribute our technical know-how, but also the project management capabilities of the organization. CERN demonstrates here how, by design, we have in-house competencies to address requirements and challenges at all levels of the project."&nbsp; &nbsp;</div><div><br></div><div>Each cryostat measures 216 feet long (65.8 meters), 62 feet wide (18.9 meters) and 60 feet high (18.3 meters). To illustrate the enormous size of the cryostats, each one is longer than a Boeing 747 airplane, and each one will stand a full story taller than the iconic Hollywood sign in Los Angeles.</div><div><br></div><div>"SURF is proud to support this world-class research 4,850 feet (1,478 meters) below ground level. This massive experiment is slated to run into the late 2040s, with the potential to impact science for generations. In the process, it&#039;s creating a home for some of the best and brightest scientific minds in the world and a range of high-paying jobs right here in the Black Hills," said Mike Headley, SURF laboratory director and executive director of the South Dakota Science and Technology Authority.</div><div><br></div><div>A total of 2,600 red steel beams will be used to build DUNE&#039;s two cryostat modules. SURF is responsible for shaft operations and logistics, ensuring that each of these steel beams - and other necessary installation equipment - is safely transported underground to the work site.</div><div>In addition to the installation work underway in the South Cavern, SURF crews have begun lowering steel components for the second cryostat into the North Cavern, where assembly is expected to begin next year.</div><div><br></div><div>"This marks an incredible milestone for the collaboration and reflects the cross-continental partnerships between CERN, Fermilab, and SURF that are essential to realizing this project," said Sowjanya Gollapinni, co-spokesperson for DUNE. "This synergy is at the core of how big international collaborations work. We are thrilled to take this major step forward as we move closer to the transformative science that DUNE will deliver."</div><div><br></div><div>The underground space of DUNE is planned to be completed by 2029, and the detector apparatus in 2030. From that date, a 1,500-strong worldwide team of researchers will begin probing the laws of nature more deeply than ever before, observing particles from the Sun and outer space. Using Fermilab&#039;s PIP-II accelerator upgrade, the terrestrial neutrino beam is expected to be sent to the underground detectors in South Dakota by 2031, enabling DUNE&#039;s long-term scientific program.</div><div><br></div><div>Fermi National Accelerator Laboratory is America&#039;s national laboratory for particle physics and accelerator research. Fermi Forward Discovery Group manages Fermilab for the U.S. Department of Energy Office of Science. Visit Fermilab&#039;s website at www.fnal.gov and follow us on social media.</div><div><br></div><div>Copyright 2026 GlobeNewswire, Inc.</div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 11:03:00 +0700</pubDate>
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<title>VinFast Launches the All-New VF 8 in the Philippines</title>
<link>https://relleaseid.com/berita-bisnis/VinFast-Launches-the-All-New-VF-8-in-the-Philippines</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/680_VinFast-Launches-the-All-New-VF-8-in-the-Philippines.jpg border=0 hspace=5 align=left width=350 /><div>Source: VinFast</div><div><br></div><div>MANILA, PHILIPPINES - Media OutReach Newswire - VinFast officially launches the All-New VF 8 and announces its pricing in the Philippines. With comprehensive upgrades to its design, technology and driving dynamics, the all-electric D-segment SUV is an ideal choice for Filipino families seeking an enhanced driving experience and customers making the switch to electric vehicles.</div><div><br></div><div>In the Philippines, the all-electric D-segment SUV has a list price of PHP 1,548,000 with a battery subscription and PHP 1,799,000 with the battery included. The first customer deliveries are expected to begin in November 2026.</div><div><br></div><div>The All-New VF 8 is developed to combine the comfort and convenience of a family SUV with the technology and performance of an electric vehicle. Comprehensive upgrades span its design, chassis, electrical and electronic architecture, and vehicle systems, reflecting VinFast&#039;s investment in research and development to deliver a smoother, more responsive and more comfortable driving experience.</div><div><br></div><div>Guided by the "Tech Fluid" design philosophy, the vehicle features a modern, dynamic exterior with a focus on everyday practicality. Measuring 4,701 mm in length, 1,872 mm in width and 1,670 mm in height, with a wheelbase of 2,840 mm, the five-seat SUV provides space for family travel. Its 170 mm ground clearance and 19-inch wheels support driving across varied road conditions.</div><div><br></div><div>The cabin features an intuitive layout that puts key controls within easy reach. A 12.9-inch central infotainment display integrates the vehicle&#039;s main functions, complemented by a display behind the steering wheel that provides essential driving information. A steering-column-mounted gear selector simplifies operation for added convenience in everyday use.</div><div><br></div><div>The All-New VF 8 is powered by an electric motor delivering a maximum output of 170 kW and peak torque of 330 Nm, paired with front-wheel drive and three driving modes: Eco, Normal and Sport. Its 60.13 kWh battery provides a range of 480 km on a full charge under the NEDC standard. The vehicle supports super-fast charging from 10% to 70% in under 30 minutes, allowing drivers to fit charging stops into their travel plans.</div><div><br></div><div>VinFast offers customers the choice of purchasing the vehicle with the battery included or opting for a battery subscription to suit their needs and financial plans. The All-New VF 8 comes with a vehicle warranty of seven years or 160,000 km and a high-voltage battery warranty of 10 years or 200,000 km, whichever comes first in each case.</div><div><br></div><div>Mr. Antonio "Toti" Zara III, CEO of VinFast Philippines, said: "The launch of the All-New VF 8 marks another milestone in VinFast&#039;s long-term commitment to the Philippines and our vision for the future of electric mobility. Comprehensive improvements to its design, driving dynamics and technology reflect our continued investment in research and development to deliver a smoother, more comfortable and more intelligent driving experience. We believe the All-New VF 8 will strengthen VinFast&#039;s premium electric vehicle lineup in the Philippines, offering a compelling choice that meets the increasingly diverse mobility needs of Filipino consumers."</div><div><br></div><div>The selection of the Philippines as the first international market to launch the All-New VF 8 further highlights the country&#039;s role in VinFast&#039;s product expansion. Alongside its increasingly diverse electric vehicle lineup, the company is developing its dealership network, aftersales services and charging infrastructure with the support of V-Green and local partners. By combining its products with comprehensive ownership support, VinFast aims to meet real-world mobility needs and help Filipino families make the switch to electric vehicles with greater convenience and confidence.</div><div><br></div><div>The issuer is solely responsible for the content of this announcement.</div><div><br></div><div>Hashtags: #VinFast</div><div><br></div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 11:00:00 +0700</pubDate>
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<title>Zoom&#039;s new AI Launchpad offers up to $150K in complimentary credits to build next-gen apps</title>
<link>https://relleaseid.com/berita-bisnis/Zoom--039-s-new-AI-Launchpad-offers-up-to--150K-in-complimentary-credits-to-build-next-gen-apps</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/5088_Zoom--039-s-new-AI-Launchpad-offers-up-to--150K-in-complimentary-credits-to-build-next-gen-apps.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>*New program helps AI-native startups build and scale with Zoom&#039;s industry-leading speech, language, and voice AI Services, no equity stake required; applications open today</div><div><br></div><div>SAN JOSE, Calif., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Zoom Communications, Inc. (NASDAQ: ZM) today announced AI Launchpad, a new grant program offering eligible startups up to $150,000 in Zoom AI Services credits to build and scale next-gen AI-native applications - completely equity-free. </div><div><br></div><div>Removing the costly barrier posed by multi-vendor APIs, the program provides founders with access to the AI technology used in Zoom&#039;s own products, plus technical support to accelerate go-to-market growth.</div><div><br></div><div>"AI startups should spend time solving real problems, not stitching together infrastructure," said X.D. Huang, chief technology officer at Zoom. "AI Launchpad gives founders the same industry-leading AI technology that powers our own products, plus resources to move faster and focus their engineering talent where it matters most."</div><div><br></div><div>Building AI-powered products often forces startups to stitch together a patchwork of expensive third-party providers for speech, language, and decision-making. AI Launchpad helps eliminate this hurdle by providing a unified platform, so developers can spend more time building their products and less time managing the technology behind them.</div><div><br></div><div>The program builds on Zoom AI Services, which delivers Zoom&#039;s AI capabilities to developers through standalone APIs. These services span speech recognition, summarization, translation, voice AI, and decision intelligence, so developers can build applications that better understand conversations, generate responses, and take action. AI Launchpad extends Zoom&#039;s investment in AI infrastructure to emerging companies developing new products across industries.</div><div><br></div><div>Helping startups build with Zoom AI Services</div><div><br></div><div>AI Launchpad gives startups access to Zoom AI Services, a platform that brings speech, language, and decision-making capabilities together without requiring developers to build and manage each component themselves.</div><div><br></div><div>Startups can use Zoom&#039;s APIs to develop a range of AI-powered products, including:</div><div><br></div><div>Voice AI and customer service agents that understand spoken requests, generate natural responses, and support customer interactions.</div><div>Conversation intelligence applications that transcribe and summarize calls, meetings, and other audio to surface useful information and support follow-up workflows.</div><div>Multilingual experiences that use translation and speech capabilities to help people communicate across languages.</div><div>AI-powered workflows that use the Decisions API to analyze information, classify requests, and help determine the next action.</div><div><br></div><div>The program offers three tiers based on a startup&#039;s stage, technical needs, and eligibility:</div><div><br></div><div><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
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  <td valign="top" style="border:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
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  normal"><b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
  mso-fareast-font-family:"Times New Roman"">TIER</span></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family:
  "Times New Roman""><o:p></o:p></span></p>
  </td>
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  <td valign="top" style="border:solid black 1.0pt;border-left:none;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal"><b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
  mso-fareast-font-family:"Times New Roman"">BENEFITS</span></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family:
  "Times New Roman""><o:p></o:p></span></p>
  </td>
 </tr>
 <tr>
  <td valign="top" style="border:solid black 1.0pt;border-top:none;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal"><b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
  mso-fareast-font-family:"Times New Roman"">Launch</span></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family:
  "Times New Roman""><o:p></o:p></span></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
  mso-fareast-font-family:"Times New Roman"">$5,000<o:p></o:p></span></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <ul style="margin-top:0cm" type="disc">
   <li class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;
       line-height:normal;mso-list:l1 level1 lfo1;tab-stops:list 36.0pt"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
       mso-fareast-font-family:"Times New Roman"">Community resources<o:p></o:p></span></li>
   <li class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;
       line-height:normal;mso-list:l1 level1 lfo1;tab-stops:list 36.0pt"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
       mso-fareast-font-family:"Times New Roman"">Technical office hours<o:p></o:p></span></li>
  </ul>
  </td>
 </tr>
 <tr>
  <td valign="top" style="border:solid black 1.0pt;border-top:none;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal"><b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
  mso-fareast-font-family:"Times New Roman"">Scale</span></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family:
  "Times New Roman""><o:p></o:p></span></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
  mso-fareast-font-family:"Times New Roman"">$50,000<o:p></o:p></span></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <ul style="margin-top:0cm" type="disc">
   <li class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;
       line-height:normal;mso-list:l2 level1 lfo2;tab-stops:list 36.0pt"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
       mso-fareast-font-family:"Times New Roman"">Engineering support<o:p></o:p></span></li>
   <li class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;
       line-height:normal;mso-list:l2 level1 lfo2;tab-stops:list 36.0pt"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
       mso-fareast-font-family:"Times New Roman"">Co-marketing opportunities<o:p></o:p></span></li>
  </ul>
  </td>
 </tr>
 <tr>
  <td valign="top" style="border:solid black 1.0pt;border-top:none;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal"><b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
  mso-fareast-font-family:"Times New Roman"">Propel</span></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-font-family:
  "Times New Roman""><o:p></o:p></span></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt 7.5pt">
  <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
  mso-fareast-font-family:"Times New Roman"">$150,000<o:p></o:p></span></p>
  </td>
  <td valign="top" style="border-top:none;border-left:none;border-bottom:solid black 1.0pt;
  border-right:solid black 1.0pt;padding:.75pt .75pt .75pt .75pt">
  <ul style="margin-top:0cm" type="disc">
   <li class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;
       line-height:normal;mso-list:l0 level1 lfo3;tab-stops:list 36.0pt"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
       mso-fareast-font-family:"Times New Roman"">Advanced technical guidance<o:p></o:p></span></li>
   <li class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;
       line-height:normal;mso-list:l0 level1 lfo3;tab-stops:list 36.0pt"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
       mso-fareast-font-family:"Times New Roman"">Early feature access<o:p></o:p></span></li>
   <li class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;
       line-height:normal;mso-list:l0 level1 lfo3;tab-stops:list 36.0pt"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";
       mso-fareast-font-family:"Times New Roman"">Go-to-market collaboration<o:p></o:p></span></li>
  </ul>
  </td>
 </tr>
</tbody></table>

<p class="MsoNormal"><o:p>&nbsp;</o:p></p></div><div>Credits are available for up to 12 months. Participating startups may also receive engineering guidance, opportunities to showcase their products through Zoom&#039;s developer channels, and introductions to potential enterprise customers.</div><div><br></div><div>Applications now open</div><div><br></div><div>AI Launchpad is designed for startups developing software products with speech, language, or conversational AI at their core. Applicants will be evaluated based on their product, team, technical approach, traction, and plans to build with Zoom AI Services.</div><div><br></div><div>Applications will be reviewed on a rolling basis, with a limited number of startups accepted into the program.</div><div><br></div><div>To learn more about AI Launchpad and apply, visit https://zoom.ai/ai-launchpad.</div><div><br></div><div>About Zoom</div><div>Zoom (NASDAQ:ZM) is a system of action for modern work, turning live collaboration into completed results. From entrepreneurs to global enterprises, customers choose Zoom to seamlessly collaborate, communicate, and drive outcomes across meetings, phone, contact center, and more - all with the built-in assistance of Zoom AI. Founded in 2011, Zoom is headquartered in San Jose, CA. For more information, visit zoom.com.</div><div><br></div><div>Copyright 2026 GlobeNewswire, Inc.</div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 10:54:00 +0700</pubDate>
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<title>AGIX, the First ETF to Own Anthropic, Highlights Private Holdings Performance as Anthropic IPO Nears</title>
<link>https://relleaseid.com/berita-bisnis/AGIX--the-First-ETF-to-Own-Anthropic--Highlights-Private-Holdings-Performance-as-Anthropic-IPO-Nears</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/4797_AGIX--the-First-ETF-to-Own-Anthropic--Highlights-Private-Holdings-Performance-as-Anthropic-IPO-Nears.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>NEW YORK, Nov. 10, 2026 (GLOBE NEWSWIRE) -- KraneShares today announced that the private investments held by the KraneShares Public-Private AI & Technology ETF (Ticker: AGIX), including Anthropic, have contributed meaningfully to the fund&#039;s performance since launch. AGIX became the first ETF to invest directly in Anthropic in February 2025, at a $61.5 billion valuation.?</div><div><br></div><div>Since AGIX&#039;s inception on 7/17/2024 through 10/31/2026, AGIX has returned +70.13% versus the Nasdaq-100 Index&#039;s return of +45.64%.2 AGIX&#039;s private exposure contributed +11.92 percentage points to its total return.2 Overall, AGIX outperformed a widely recognized technology benchmark by +24.49 percentage points.2</div><div><br></div><div>This update comes as Anthropic, maker of Claude, moves toward the public markets after filing with the US Securities and Exchange Commission on Oct. 26 to list on Nasdaq under the ticker symbol "ANT."3</div><div><br></div><div>"Anthropic showed what&#039;s possible when a fund like AGIX can get onto the cap table of a category-defining AI company early, and our goal is to keep finding the next opportunities like it," said Derek Yan, CFA, Senior Investment Strategist at KraneShares. "Since that investment, we&#039;ve continued to build out AGIX&#039;s private holdings across robotics, photonics, autonomy, and AI-native platforms. The public core is designed to do the heavy lifting on day-to-day risk, while our private allocation gives us room to be selective and add companies we believe could become the next major value drivers in the AI cycle."</div><div><br></div><div>"The AI cycle is creating value in both public and private markets, and some of the most important innovation is happening at companies that haven&#039;t gone public yet," said James Maund, KraneShares Head of Capital Markets and Portfolio Manager of AGIX. "We built AGIX so investors wouldn&#039;t have to choose between the two. Pairing a public AI core with direct stakes in leaders like Anthropic gives investors a way to participate in this shift as it unfolds, not just after these companies reach the public markets."</div><div><br></div><div>Building on AGIX&#039;s Anthropic investment, it has continued to add direct stakes in private companies across the AI landscape and today holds positions in General Intuition, Ayar Labs, Standard Bots, Apptronik, Nuro, and Polymarket.</div><div><br></div><div>For more information on the KraneShares Public-Private AI & Technology ETF (Ticker: AGIX), top 10 holdings, and its innovative structure, please visit our AI ETF AGIX overview page.</div><div><br></div><div>About KraneShares</div><div><br></div><div>KraneShares delivers research-driven, high-conviction strategies connecting investors to the world&#039;s most powerful growth themes. From emerging technologies, China&#039;s dynamic capital markets, carbon credits, alternatives, and income, the firm offers differentiated exposures designed to capture the megatrends reshaping the global economy.</div><div><br></div><div>Holdings are subject to change.</div><div><br></div><div>For AGIX top 10 holdings, risks, standard performance, and other fund information, please click here.</div><div><br></div><div>Citations:</div><div><br></div><div>Data from Bloomberg and KraneShares as of 10/27/2026.</div><div>Data from Bloomberg as of 10/31/2026.</div><div>The Wall Street Journal, Anthropic Unveils Paperwork for Blockbuster IPO, October 26, 2026.</div><div><br></div><div>Carefully consider the Funds&#039; investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds&#039; full and summary prospectus, which may be obtained by visiting www.kraneshares.com. Read the prospectus carefully before investing.</div><div><br></div><div>Risk Disclosures:</div><div><br></div><div>Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.</div><div><br></div><div>This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.</div><div><br></div><div>AGIX may invest in derivatives, which are often more volatile than other investments and may magnify AGIX&#039;s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset&#039;s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. AGIX is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause AGIX to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.</div><div><br></div><div>AI-exposed companies face profitability challenges due to high research costs, competition, IP reliance, and regulatory risk. Product failures or safety concerns could be detrimental. Identifying AI companies accurately is complex. Tech firms face risks of product failure, obsolescence, regulatory impact, and uncertain profitability due to technological advancements and government policies.</div><div><br></div><div> Certain tech investments may lack current profitability and future success is uncertain. AGIX is subject to non-U.S. issuers risk, which may be less liquid than investments in U.S. issuers, may have less governmental regulation and oversight, are typically subject to different investor protection standards than U.S. issuers, and the economic instability of the non-U.S. countries. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. AGIX may invest in Initial Public Offerings (IPOs). </div><div><br></div><div>Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as AGIX increases in size, the impact of IPOs on AGIX&#039;s performance will generally decrease.</div><div><br></div><div>Large capitalization companies may struggle to adapt fast, impacting their growth compared to smaller firms, especially in expansive times. This could result in lower stock returns than investing in smaller and mid-sized companies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. AGIX is new and does not yet have a significant number of shares outstanding. </div><div><br></div><div>If AGIX does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. AGIX may invest in privately-issued and private company securities, which are generally not registered, may carry resale restrictions, and often lack active markets. </div><div><br></div><div>These investments can be less liquid, harder to value, and subject to larger price swings, which may result in delays or higher costs when buying or selling. Private companies may have limited operating histories, smaller or less established businesses, fewer financial resources, and less available information. They may be more vulnerable to competition, market conditions, or economic downturns. A liquid market for their securities may never develop, and IPOs, if they occur, can be volatile and may negatively affect AGIX&#039;s investment.</div><div><br></div><div>Narrowly focused investments typically exhibit higher volatility. AGIX&#039;s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, AGIX is subject to loss due to adverse occurrences that affect that concentration. A large number of shares of AGIX are held by a single shareholder or a small group of shareholders. Redemptions from these shareholders can harm Fund performance, especially in declining markets, leading to forced sales at disadvantageous prices, increased costs, and adverse tax effects for remaining shareholders. AGIX is non-diversified.</div><div><br></div><div>ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.</div><div><br></div><div> Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn&#039;t available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.</div><div><br></div><div>The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.</div><div><br></div><div>Copyright 2026 GlobeNewswire, Inc.</div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 10:49:00 +0700</pubDate>
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<title>Metabolon Expands Verus Metabolomics Profiling Kit Availability to Europe and Adds New Rodent Sample Types</title>
<link>https://relleaseid.com/berita-bisnis/Metabolon-Expands-Verus-Metabolomics-Profiling-Kit-Availability-to-Europe-and-Adds-New-Rodent-Sample-Types</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/7867_Metabolon-Expands-Verus-Metabolomics-Profiling-Kit-Availability-to-Europe-and-Adds-New-Rodent-Sample-Types.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>Now available to order in Europe, the Metabolon Verus Metabolomics Profiling Kit delivers results in just five days, with human and rodent blood sample types and proven reproducibility across eight independent laboratories</div><div><br></div><div>MORRISVILLE, N.C., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Metabolon, Inc., the global leader in metabolomics solutions advancing life sciences research, diagnostics, therapeutics, and precision medicine, today announced that the Metabolon Verus Metabolomics Profiling Kit is now available to order in Europe in addition to the US, with expanded validation beyond the previously supported human plasma, serum, and urine matrices to now include rodent plasma and serum.</div><div><br></div><div>The expanded sample-matrix validation broadens the kit&#039;s utility for both human and non-human research applications. Additional validation against reference datasets demonstrated accuracy and precision in metabolite identification and quantification across the newly supported matrices, providing researchers with greater confidence in metabolomics results generated from different sample types. Together with the kit&#039;s established workflow, these capabilities enable laboratories worldwide to investigate biochemical changes across a wider range of experimental designs, biological models, and sample-collection protocols.</div><div><br></div><div>"The real value of the Metabolon Verus Kit is the ability to scale metabolomics without necessarily expanding the team. For core facilities like ours, analyzing hundreds of samples efficiently while maintaining high-quality, consistent data and minimizing batch effects is critical. The standardized workflow and streamlined data processing help reduce turnaround time, allowing us to spend less time processing data and more time interpreting the biological findings. Ultimately, this enables us to support larger studies and deliver meaningful insights to our collaborators faster," said Hardik Shah, Metabolomics Platform Director at the University of Chicago Comprehensive Cancer Center.</div><div><br></div><div>The Metabolon Verus? Metabolomics Profiling Kit delivers results in five days via integrated sample preparation, automated metabolite annotation, and access to Metabolon&#039;s Integrated Bioinformatics Platform. By combining a standardized laboratory workflow with Metabolon&#039;s data-processing infrastructure and scientific expertise, the kit enables researchers to establish and scale metabolomics capabilities within their own laboratories while maintaining access to the resources needed for consistent, reproducible results. A reference library covering more than 1,500 metabolites across 100 biochemical sub-pathways supports diverse research applications, while built-in quality controls help ensure data consistency and simplify downstream analysis.</div><div><br></div><div>European availability builds on Metabolon&#039;s Early Access Program, which involved 10 laboratories across five countries. Participants applied the kit to research spanning microbiome biology, stem cell transplantation, and neurological and pulmonary conditions. Their feedback helped refine training, implementation, and customer support for broader international adoption. An international ring trial across eight independent laboratories further demonstrated the kit&#039;s reproducibility, identifying an average of 735 metabolites across 90 biochemical pathways per human plasma sample set, with 89% metabolite overlap between sites. Metabolite abundances correlated strongly with expert-curated reference datasets (median coefficient of 0.91), while fed-versus-fasted biological findings remained consistent across laboratories.</div><div><br></div><div>"European availability of the Metabolon Verus Metabolomics Profiling Kit, together with expanded support for rodent plasma and serum, represents an important step in making high-quality metabolomics more accessible to researchers worldwide," said Ro Hastie, CEO of Metabolon. "By broadening the range of validated sample types while giving laboratories greater control over study execution, we are enabling researchers to apply metabolomics across a range of human and non-human studies. These advancements make it easier for organizations to bring metabolomics in-house and incorporate biochemical insights into their broader multiomics research programs."</div><div><br></div><div>With US and now European availability, expanded sample-matrix support, and demonstrated interlaboratory reproducibility, the kit makes high-quality, in-house metabolomics more accessible for preclinical, translational, and multiomics research.</div><div><br></div><div>The Metabolon Verus Metabolomics Profiling Kit is now available to order in Europe in addition to the US. To learn more or place an order, visit www.metabolon.com/metabolon-verus-metabolomics-profiling-kit/.</div><div><br></div><div>About Metabolomics</div><div>Metabolomics, the large-scale study of all small molecules in a biological system, is the only omics technology that provides a complete, current-state functional readout of that system. Metabolomics helps researchers see beyond individual genetic variation, capturing the combined impact of genetic and external factors, such as drugs, diet, lifestyle, and the microbiome, on human health.&#8203; </div><div><br></div><div>By measuring thousands of discrete chemical signals that form biological pathways in the body, metabolomics can reveal important biomarkers, enabling a better understanding of a drug&#039;s mechanism of action, pharmacodynamics, and safety profile, as well as individual responses to therapy. &#8203;Metabolomics anchors multiomic discovery in biological function, helping organizations reduce uncertainty and make more confident scientific and business decisions.</div><div><br></div><div>About Metabolon</div><div>Metabolon, Inc. is the global leader in metabolomics, with a mission to deliver biochemical data and insights that expand and accelerate the impact of life sciences research and complement other &#039;omics&#039; technologies. With more than 25 years of metabolomics leadership, 15,000+ projects, 4,000+ publications, and ISO 9001:2015, CLIA, and CAP certifications, Metabolon has developed industry-leading scientific, technological, and bioinformatics techniques. Metabolon&#039;s Global Discovery Panel is powered by the world&#039;s largest proprietary metabolomics reference library, while Metabolon&#039;s expanding portfolio of solutions enables researchers to access Metabolon-standard metabolomics through both centralized services and in-house workflows.</div><div><br></div><div> The Metabolon Verus Metabolomics Profiling Kit extends Metabolon&#039;s validated methods into laboratories worldwide, enabling researchers with LC-MS capabilities to generate standardized, reproducible metabolomics data on-site through streamlined workflows, embedded quality controls, automated metabolite annotation, and direct access to Metabolon&#039;s Integrated Bioinformatics Platform. Metabolon&#039;s industry-leading data, translational science, and bioinformatics expertise help customers and partners resolve some of the most challenging questions in the life sciences, accelerating research and enhancing development success. The company offers scalable, customizable metabolomics and multiomics solutions-from discovery and targeted services to decentralized in-house metabolomics-that support customer needs across academic research, biopharma, core facilities, and CROs, from early discovery through clinical trials and product life-cycle management. For more information, please visit www.metabolon.com and follow us on LinkedIn and X.</div><div><br></div><div>Copyright 2026 GlobeNewswire, Inc.</div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 10:41:00 +0700</pubDate>
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<title>AGC Biologics partners with Child&#039;s Cure Genetic Research to pursue mRNA-based therapeutic for severe epileptic disorder</title>
<link>https://relleaseid.com/berita-bisnis/AGC-Biologics-partners-with-Child--039-s-Cure-Genetic-Research-to-pursue-mRNA-based-therapeutic-for-severe-epileptic-disorder</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/3934_AGC-Biologics-partners-with-Child--039-s-Cure-Genetic-Research-to-pursue-mRNA-based-therapeutic-for-severe-epileptic-disorder.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>Demonstrates new evolution in mRNA to address rare conditions</div><div><br></div><div>CDMO&#039;s work with parent-led, patient-focused foundation will investigate a development pathway to combat CDKL5 Deficiency Disorder</div><div><br></div><div>AGC Biologics is well positioned to help advance mRNA programs toward the clinic</div><div><br></div><div>HEIDELBERG, Germany, Nov. 10, 2026 (GLOBE NEWSWIRE) -- In a world where patients with CDKL5 deficiencies can suffer 40 to 60 epileptic seizures a day, a contract biopharmaceutical manufacturer and a parent-founded foundation will partner on early-stage messenger RNA development to find a long-term treatment for the rare neurodevelopmental disease.</div><div><br></div><div>With few RNA-based programs in development for rare diseases, Child&#039;s Cure Genetic Research and AGC Biologics will collaborate to identify a viable path for a new mRNA therapeutic that mimics the protein made by the CDKL5 gene.</div><div><br></div><div> The intent of the protein-sustaining treatment is to reduce seizures, improve neurological development, and help patients-many of whom are babies and young children-gain control from debilitating symptoms that impede their health and potential.</div><div><br></div><div>This early proof-of-concept work within AGC Biologics&#039; integrated mRNA solutions will seek to identify the best pathway toward clinical development.</div><div><br></div><div>New rare disease frontier for mRNA</div><div><br></div><div>Cyclin-dependent kinase-like 5 deficiency disorder is a rare genetic disease caused by mutations or deletions of the CDKL5 gene. Current treatment for the disorder often only consists of supportive care, though the foundation is also exploring a small molecule drug that is presently in clinical trials.</div><div><br></div><div>For young patients like Reyna Jogani, advancement is not happening at the speed she needs to get the critical CDKL5 protein that enables routine brain activity related to movement, learning, vision, and behavior. Reyna&#039;s father, and Child&#039;s Cure co-founder, Jainu Jogani, has embraced the rapid advancement and potential of mRNA development, and this partnership with AGC Biologics aims to uncover a sustaining treatment for the rare disease.</div><div><br></div><div>RNA-based therapeutic programs are also in development for rare neurodevelopmental diseases such as Rett and Angelman syndromes. Child&#039;s Cure is pursuing mRNA for CDKL5 deficiency disorder as part of an effort to help advance the application of this approach to rare diseases.</div><div><br></div><div>mRNA therapy will complement gene therapy</div><div><br></div><div>Through this program, Child&#039;s Cure will explore mRNA as a potential complement to a one-time adeno-associated virus gene therapy intended to address the mutated or deleted CDKL5 gene. The mRNA therapy development will explore how to provide ongoing protein replacement infusions and could offer another option for patients with differing needs, including those for whom gene therapy may not be suitable.</div><div><br></div><div>"What I&#039;ve learned about CDKL5 deficiency disorder is that one treatment approach may not meet every patient&#039;s needs. Gene therapy may not be an option for every patient, and questions remain about how long a one-time treatment effect will last," said Jogani. "Investing further in a complementary approach through mRNA intends to restore the missing CDKL5 protein by offering a redosable, adjustable way to support ongoing protein replacement. We are leaving no stone unturned to explore what might help."</div><div><br></div><div>AGC Biologics&#039; support for early-phase mRNA programs</div><div><br></div><div>In 2023, AGC Biologics leveraged 40 years of experience in microbial fermentation as well as expanded plasmid DNA capabilities to create its new messenger RNA service line at its Heidelberg, Germany site. The mRNA process development services provide custom approaches to meet each specific mRNA need and can produce mRNA supply from R&D to GMP grades.</div><div><br></div><div>"Similar to what we&#039;ve established across decades in other modalities, we are invested in delivering early-stage clinical expertise to developers with mRNA candidates looking to translate their discovery into commercial success," said Christoph Winterhalter, Chief Business Officer of AGC Biologics. "This is an inflection point for this market, where it is progressing into new arenas including personalized medicines and gene therapy. Our experts are the best in the marketplace to support this growth and expansion."</div><div><br></div><div>In November 2025, AGC Biologics announced it would partner with Repair Biotechnologies to develop and manufacture a novel mRNA therapy designed to combat the build-up of atherosclerotic plaques, a major contributor to cardiovascular disease, the leading cause of human mortality.</div><div><br></div><div>In 2027, AGC Biologics will also offer mRNA process development and commercial production at its newest location in Yokohama, Japan.</div><div><br></div><div>Frequently Asked Questions (FAQs):</div><div><br></div><div>Why is Child&#039;s Cure exploring mRNA alongside gene therapy for CDKL5 deficiency disorder?</div><div><br></div><div>The approaches are intended to serve different roles. The AAV gene therapy is intended to address the mutated or deleted CDKL5 gene, while the mRNA program is intended to provide the CDKL5 protein that patients are missing. Child&#039;s Cure is exploring mRNA as a potential complementary or alternative approach because gene therapy may not be suitable for every patient, and the long-term durability of a one-time gene therapy remains an important question. Repeatable mRNA dosing to restore CDKL5 protein production could provide another way to support patients over time, subject to further development and clinical evidence.</div><div><br></div><div>What experience does AGC Biologics have in working with rare disease therapeutics?</div><div><br></div><div>Amidst a complicated landscape for rare conditions with small patient populations, therapy development demands innovation and new ways of thinking. Organizations tackling some of the rarest of diseases are choosing AGC Biologics because of its ability to support unconventional development models:</div><div><br></div><div>AGC Biologics is a part of the Orphan Therapeutics Accelerator, a non-profit biotech focused on completing development and enabling commercial access to stalled rare disease treatments.</div><div><br></div><div>In 2025, AGC Biologics partnered with public benefit corporation, Rarity PBC, to provide end-to-end manufacturing services for Rarity&#039;s gene therapy for ADA-SCID, an immunodeficiency disorder also known as "Bubble Baby Disease."</div><div><br></div><div>When WASKYRA was approved in December 2025, Fondazione Telethon became the first non-profit organization to receive FDA approval of a gene therapy, with AGC Biologics as its chosen manufacturer.</div><div><br></div><div>AGC Biologics has produced multiple FDA-approved therapies already in commercial supply, with additional programs currently under review. This track record makes AGC Biologics an ideal partner for a broad range of organizations, from public benefit corporations to non-profits and institutions funded by public initiatives.</div><div>What experience does AGC Biologics have in mRNA development and manufacturing?</div><div><br></div><div>In 2023, AGC Biologics established its mRNA platform services in Heidelberg, Germany, where it already had a longstanding commercial plasmid DNA operation serving multiple customers. This services expansion also leveraged four decades of microbial manufacturing in addition to pDNA to develop its mRNA production capabilities.</div><div><br></div><div>Which AGC Biologics sites have mRNA services?</div><div><br></div><div>AGC Biologics offers mRNA development and manufacturing services in Europe and Asia at its Heidelberg mRNA Center of Excellence in Germany and Yokohama site in Japan.</div><div><br></div><div>About Child&#039;s Cure Genetic Research</div><div><br></div><div>Child&#039;s Cure Genetic Research is a parents-founded organization dedicated to developing innovative, precision treatment opportunities for rare genetic disorders in children. Driven by the urgent need to find cures, the organization envisions a future where every child has access to transformative treatments that offer hope for a better tomorrow. Through cutting-edge research and strategic collaborations, Child&#039;s Cure is committed to reshaping the future of pediatric rare disease care. Through cutting-edge research, Child&#039;s Cure is committed to reshaping the future of pediatric rare disease care-and actively welcomes strategic collaborations across other pediatric genetic conditions.</div><div><br></div><div>About AGC Biologics</div><div><br></div><div>AGC Biologics is a leading global biopharmaceutical Contract Development and Manufacturing Organization (CDMO) with a strong commitment to delivering the highest standard of service as we work side-by-side with our clients and partners, to provide friendly and expert services. We provide world-class development and manufacturing of mammalian and microbial-based therapeutic proteins, plasmid DNA (pDNA), messenger RNA (mRNA), viral vectors, and genetically engineered cells. </div><div><br></div><div>Our global network spans the U.S., Europe, and Asia, with locations in Seattle, Washington; Copenhagen, Denmark; Heidelberg, Germany; Milan, Italy; and Chiba and Yokohama, Japan. AGC Biologics is a part of AGC Inc.&#039;s Life Science Business. The Life Science Business runs eight facilities focused on biopharmaceuticals, advanced therapies, small molecule active pharmaceutical ingredients, and agrochemicals. To learn more, visit www.agcbio.com.</div><div><br></div><div>Copyright 2026 GlobeNewswire, Inc.</div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 10:36:00 +0700</pubDate>
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<title>Sustained health equity progress lifts Boehringer to rank 6th in Access to Medicine Index</title>
<link>https://relleaseid.com/berita-bisnis/Sustained-health-equity-progress-lifts-Boehringer-to-rank-6th-in-Access-to-Medicine-Index</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/2121_Sustained-health-equity-progress-lifts-Boehringer-to-rank-6th-in-Access-to-Medicine-Index.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>*Boehringer Ingelheim progresses to 6th place in the 2026 Access to Medicine Index</div><div>*Company performs above average across all three assessed areas, with significant progress in Governance of Access and Product Delivery</div><div>*Long-term health equity initiatives, partnerships, open innovation and stronger outcome measurement contribute to continued progress</div><div><br></div><div><b>Ingelheim, Germany - </b>Boehringer Ingelheim has advanced to 6th place in the 2026 Access to Medicine Index (ATMI), continuing its rise from 13th in 2022 and 8th in 2024. This result recognizes the company&#039;s sustained progress to improving access to healthcare in low- and middle-income countries and reflects an approach that increasingly combines access to medicines with stronger health systems, local capabilities and research partnerships.</div><div><br></div><div>Every two years the ATMI evaluates the efforts of the world&#039;s leading pharmaceutical companies and ranks the top 20 based on their efforts to improve access to medicine in low- and middle-income countries. Boehringer performed above average across all three areas assessed by the Index, with particularly strong progress in Product Delivery, the area with the highest weighting. This reflects strong advancement of the company&#039;s approach to access, from expanding initiatives and long-term partnerships to open innovation and stronger impact measurements.</div><div><br></div><div>"Access to healthcare is not achieved through a single intervention. It requires long-term collaboration to strengthen research, healthcare capabilities, and enabling access to treatment in underserved communities, where significant gaps remain. Our progress in the ATMI is important recognition; however, what matters most is translating that progress into better health outcomes for more people," said Augusto Muench, Head of Sustainability at Boehringer.</div><div><br></div><div>Highlighted progress in this year&#039;s assessment includes:</div><div><br></div><div>More comprehensive access strategies for cardio-renal-metabolic medicines, improving availability and affordability in low- and middle-income countries through approaches such as Access to Healthcare in Kenya.</div><div>Long-term partnerships and capacity building initiatives in Sub-Saharan Africa, including the expanded partnership with the Botswana Vaccine Institute and support for social entrepreneurs and start-ups with focus on healthcare through business incubator and accelerator programs and impact investments.</div><div>CRM Patient Africa, a long-term initiative launched in 2025 and currently underway in Kenya, Rwanda and Ghana, combining research capacity building, screening and diagnostics, healthcare professional trainings and efforts to support access to medicines.</div><div>Growing global health initiatives, including Stop Rabies and Angels, continue to expand their reach. The Angels Initiative works together with ambulance crews, nurses, doctors, and hospitals to build stroke-ready networks and have reached over 28 million stroke patients to date.</div><div>Open science through opnMe, strengthening R&D capacity through collaboration with academic researchers. Since the last assessment, research partners from countries covered by the Index have authored or co-authored over 15 new scientific publications.</div><div>More robust outcome measurement supports stronger tracking and reporting and validates how access and health-system-strengthening initiatives are reaching more patients.</div><div>These achievements reflect the continued progress since Boehringer Ingelheim&#039;s strategic pivot towards health equity in 2023. "Expanding access is only part of the picture. We also need to understand whether our work is delivering meaningful and lasting change," shared Dr. James Kinniburgh, global MORE HEALTH lead at Boehringer. Adding, "Stronger measurement gives us the evidence to better understand what works, lessons learned to strengthen our approach and ultimately, direct our efforts where they can make the biggest difference."</div><div><br></div><div>As Boehringer Ingelheim continues to advance its health equity strategy and initiatives, the company reaffirms its commitment to meaningful collaboration with global health organizations, local partners, and underserved communities to support greater accessibility and affordability to healthcare, worldwide.</div><div><br></div><div>About Boehringer Ingelheim</div><div><br></div><div>Boehringer Ingelheim is a biopharmaceutical company active in both human and animal health. As one of the industry&#039;s top investors in research and development, the company focuses on developing innovative therapies that can improve and extend lives in areas of high unmet medical need. Independent since its foundation in 1885, Boehringer takes a long-term perspective. Our approximately 54,300 employees serve over 130 markets to build a healthier tomorrow. Learn more at www.boehringer-ingelheim.com.</div><div><br></div><div>About the Access to Medicine Index</div><div><br></div><div>The Access to Medicine Index analyses 20 of the largest research-based pharmaceutical companies with products for high-burden diseases in low- and middle-income countries. It ranks them on their efforts to improve access to medicine, identifies best practices, highlights where progress is being made and uncovers where critical action is still required.</div><div><br></div><div> The Index is endorsed by over 145 investors, collectively managing assets worth over USD 22 trillion. It is published every two years by the Access to Medicine Foundation, an independent non-profit organisation funded by the Gates Foundation, the Leona M. and Harry B. Helmsley Charitable Trust, Wellcome Trust, UK Foreign, Commonwealth and Development Office and the Dutch Ministry of Foreign Affairs. Learn more: www.accesstomedicinefoundation.org</div><div><br></div><div>Copyright 2026 GlobeNewswire, Inc.</div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 10:32:00 +0700</pubDate>
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<title>ASKO Professional makes its Expodetergo debut with intelligent solutions for professional care</title>
<link>https://relleaseid.com/berita-bisnis/ASKO-Professional-makes-its-Expodetergo-debut-with-intelligent-solutions-for-professional-care</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/7503_ASKO-Professional-makes-its-Expodetergo-debut-with-intelligent-solutions-for-professional-care.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>LIDKOPING, Sweden, Nov. 10, 2026 (GLOBE NEWSWIRE) -- ASKO Professional made its first-ever appearance at Expodetergo International 2026 in Milan, marking an important step in bringing its Scandinavian approach to professional laundry and garment care to the international textile care industry.</div><div><br></div><div>From 23 to 26 October, ASKO Professional presented an integrated portfolio of professional washing machines, tumble dryers, the One Care Cabinet and connected services, alongside its professional dishwashing solutions. The showcase demonstrated how Swedish engineering, robust construction and Scandinavian design can support demanding commercial environments where hygiene, efficiency and reliability are essential.</div><div><br></div><div>Professional laundry</div><div><br></div><div>ASKO Professional washing machines combine advanced hygiene features with durable construction and high spin efficiency. Steel Seal, a rubber-free door design, reduces bacterial growth by up to 95% compared with traditional rubber door seals. Stainless-steel construction, dedicated disinfection programmes and Quattro Construction further support hygienic, stable and reliable operation.</div><div><br></div><div>Professional tumble dryers feature Sensi Dry moisture sensing to automatically stop drying at the selected level, helping prevent unnecessary over-drying. Butterfly Drying keeps garments separated to promote even and gentle drying.</div><div><br></div><div>A different approach to garment care</div><div><br></div><div>The One Care Cabinet refreshes garments that do not require a full wash, combining controlled steam, gentle drying and advanced filtration to reduce odours and wrinkles. Its Quick Refresh programme takes approximately 20 minutes, providing a practical solution for garments that need to be quickly returned to use.</div><div><br></div><div>Professional dishwashing</div><div><br></div><div>ASKO Professional also presented its professional dishwashing range. Robust 8 Steel construction is combined with dedicated hygiene programmes, flexible loading and fast cycles. SANI programmes deliver verified hygienic performance, while selected programmes can clean dishes in as little as 29 minutes.</div><div><br></div><div>Smarter, connected professional care</div><div><br></div><div>Connected services were another important part of ASKO Professional&#039;s Expodetergo debut. ConnectLife Pro gives businesses a central overview of appliances, programmes and consumption across one or multiple locations. Pro Link allows appliance data to be integrated into existing business systems for applications such as performance monitoring and maintenance planning.</div><div><br></div><div>ASKO Professional&#039;s first participation at Expodetergo demonstrated its ambition to bring Scandinavian design, Swedish engineering and intelligent technology to a broader professional audience, with solutions designed around the people and businesses that rely on them every day.</div><div><br></div><div>About ASKO</div><div>Built to endure and thoughtfully enhance everyday living. ASKO Professional develops durable laundry and dishwashing solutions for demanding commercial environments.</div><div><br></div><div>Copyright 2026 GlobeNewswire, Inc.</div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 10:23:00 +0700</pubDate>
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<title>Denodo Signs Strategic Collaboration Agreement with AWS to Accelerate Trusted Data Access for Agentic AI</title>
<link>https://relleaseid.com/berita-bisnis/Denodo-Signs-Strategic-Collaboration-Agreement-with-AWS-to-Accelerate-Trusted-Data-Access-for-Agentic-AI</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/262_Denodo-Signs-Strategic-Collaboration-Agreement-with-AWS-to-Accelerate-Trusted-Data-Access-for-Agentic-AI.jpg border=0 hspace=5 align=left width=350 /><div><br></div><div>Expanding go-to-market and technical investment to help joint customers worldwide scale agentic AI with the Denodo Platform on AWS</div><div><br></div><div>PALO ALTO, Calif., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Denodo, the AI data layer company, announced that it has signed a multi-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS). The agreement is focused on helping enterprises develop and scale agentic AI on a foundation of real-time, governed data across hybrid and multi-cloud environments.</div><div><br></div><div>The SCA builds on the existing relationship between AWS and Denodo and marks a new phase of investment to accelerate adoption of the Denodo Platform on AWS worldwide. Key initiatives include:</div><div><br></div><div>Workshops to help customers identify high-value agentic AI use cases and design solutions grounded in their enterprise data</div><div>Co-marketing events and campaigns to educate customers about the Denodo Platform on AWS and generate demand</div><div>Field alignment and co-selling to help customers evaluate, deploy, and scale agentic AI</div><div>Commercial incentives to support customer technical evaluations and AWS Marketplace purchases</div><div>Solution offerings with systems integrators for agentic business processes, such as fraud prevention in banking, claims processing in insurance, and predictive maintenance in manufacturing</div><div><br></div><div>"Agentic AI can transform how enterprises operate, but the data that powers it remains highly fragmented, and traditional architectures were never designed for the real-time demands of autonomous agents," said ?ngel Vi?a, CEO of Denodo. "Together with AWS, we give joint customers a unified AI data layer so that agents can access live, governed data and active context across every enterprise source, without moving or replicating it. This expanded collaboration helps our customers move from pilot to production in days rather than months, and scale with confidence."</div><div><br></div><div>"AI agents are increasingly making decisions and taking actions autonomously, making it critical for organizations to establish the right data foundation to support their AI systems," said Allison Johnson, Director of Americas Technology Partners at AWS. "Our collaboration with Denodo helps customers extend the value of their AWS AI investments across their entire data estate, connecting AWS model hosting, agent orchestration, and monitoring services with current, operational data and context wherever it resides. This helps organizations get more from AWS AI services while grounding agents in trusted context for accurate decisions and reliable actions."</div><div><br></div><div>With Denodo&#039;s SaaS or self-managed solutions, joint customers can get more value from their AWS AI and analytics investments by extending Amazon Bedrock AgentCore, Amazon Quick, Amazon SageMaker, and other AWS services to enterprise data that resides across on-premises, SaaS, sovereign, and multi-cloud environments. With zero-copy delivery, organizations can give AI agents and analytics access to trusted, governed business context without waiting for every dataset to be migrated or replicated through new integration pipelines. Rather than building a new data access path for each agent or use case, teams can reuse the same governed data products, semantic definitions, and access policies across multiple agents and applications, helping them move faster from individual AI initiatives to enterprise-wide adoption.</div><div><br></div><div>"At Bayer Crop Science, Latin America, we use Denodo and AWS to gain real-time, governed access to distributed data and unified semantics across our cloud and on-premises systems. This has enabled our business to gain insights faster, support mission-critical workloads, and reduce data replication costs," said Eric Carvalho, Data Architecture Manager at Bayer. "We reduced the time our teams spent searching for data by 80% using AWS solutions, powered by trusted context from Denodo&#039;s AI data layer. We now have autonomous customer service and tracking agents in production."</div><div><br></div><div>Denodo is an AWS ISV Accelerate Partner with a SaaS co-sell eligible solution and holds multiple AWS competencies, including the AWS Data Software Competency and the AWS Financial Services Technology Competency, reflecting deep technical expertise and proven customer outcomes. Denodo is available as a fully managed cloud service (Agora) or for deployment in the customer&#039;s own AWS account. With Denodo in AWS Marketplace, customers can streamline procurement and consolidate billing.</div><div><br></div><div>This strategic collaboration agreement underscores the value Denodo, an AWS Partner, brings to organizations seeking flexibility and greater business value from their data across industries. For more information, please visit: denodo.com/aws</div><div><br></div><div>About Denodo</div><div>Denodo is the AI data layer company. The award-winning Denodo Platform powers trustworthy agents and applications, transforming enterprise data into reliable insights for analytics and self-service. Organizations worldwide deploy Denodo alongside their data lakehouses to deliver AI-ready, business-ready data in a fraction of the time - achieving up to 4x faster time to insight, 345% ROI, and 10x better performance.</div><div><br></div><div>Copyright 2026 GlobeNewswire, Inc.</div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 10:18:00 +0700</pubDate>
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<title>The MICHELIN Guide Thailand Celebrates Its Landmark 10th Edition with Record Numbers of Entries and MICHELIN-Starred Dining Venues</title>
<link>https://relleaseid.com/berita-bisnis/The-MICHELIN-Guide-Thailand-Celebrates-Its-Landmark-10th-Edition-with-Record-Numbers-of-Entries-and-MICHELIN-Starred-Dining-Venues</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/8426_The-MICHELIN-Guide-Thailand-Celebrates-Its-Landmark-10th-Edition-with-Record-Numbers-of-Entries-and-MICHELIN-Starred-Dining-Venues.jpg border=0 hspace=5 align=left width=350 /><div>Source: Michelin</div><div><br></div><div>The full 2027 MICHELIN Guide Thailand Selection reaches record-high numbers with 507 entries, including 53 MICHELIN-Starred establishments. Marking both the Guide&#039;s 10th edition in Thailand and the centenary of the MICHELIN Star, the 2027 edition reflects the evolution, resilience, and extraordinary potential of the country&#039;s culinary industry.</div><div>The newly released Guide features 2 Three MICHELIN Stars, 10 Two MICHELIN Stars, 41 One MICHELIN Star, 151 MICHELIN Bib Gourmand, and 303 MICHELIN-Selected dining venues.</div><div>This edition highlights the decentralization of Thailand&#039;s food scene and the unprecedented strength of regional markets, with the first-ever MICHELIN-Starred restaurant in Chiang Mai and the first-ever Two-MICHELIN-Starred restaurant in Phuket.</div><div><br></div><div>BANGKOK, THAILAND - Media OutReach Newswire - 10 November 2025 - Michelin today unveiled the MICHELIN Guide Thailand 2027 at the MICHELIN Guide Restaurant Ceremony Thailand, marking two significant milestones: the Guide&#039;s landmark 10th edition in the country and the centenary of the MICHELIN Star.</div><div><br></div><div> Reflecting a decade of evolution in Thailand&#039;s vibrant culinary landscape, the latest selection features a record-high total of 507 dining establishments - including 2 Three MICHELIN Stars (both retaining their status), 10 Two MICHELIN Stars (3 promotions), 41 One MICHELIN Star (5 newcomers and 5 promotions), 151 MICHELIN Bib Gourmand (26 newcomers), and 303 MICHELIN-Selected entries (40 newcomers).</div><div><br></div><div>Insights into Thailand&#039;s Evolving Gastronomic Landscape</div><div><br></div><div>According to Mr. Poullennec, Thailand&#039;s gastronomic scene has evolved from a trend-driven market into a mature and diverse culinary ecosystem. Excellence now extends far beyond the capital, with star-rated restaurants flourishing across the country and showcasing the strength of regional dining destinations.</div><div><br></div><div>Chefs are demonstrating greater confidence and individuality, while international restaurant groups continue to establish roots in Thailand and embrace local ingredients. This year&#039;s selection introduces new cuisine types to the star-rated roster, while Thai chefs are increasingly exploring regional traditions, indigenous ingredients, and closer ties with local producers.</div><div><br></div><div>Techniques such as fermentation, aging, and natural umami extraction have become common tools for building flavor, while more thoughtful ingredient use reflects growing resourcefulness. Beyond fine dining, chefs are also finding success through more accessible formats and increasingly sophisticated beverage programs.</div><div><br></div><div>Guided by both experienced chefs and emerging talent, Thailand continues to strengthen its culinary identity while embracing global influences, reinforcing its position as one of the world&#039;s most compelling gastronomic destinations.</div><div><br></div><div>Sorn and S?hring Reaffirm Their Excellence with Three MICHELIN Stars</div><div><br></div><div>In the 2027 MICHELIN Guide Thailand edition, the prestigious Three-MICHELIN-Star category remains unchanged with 2 entries: Sorn, where Chef Supaksorn "Ice" Jongsiri showcases the depth and diversity of Southern Thai cuisine through meticulously researched recipes and exceptional local ingredients, and S?hring, where twin chefs Thomas and Mathias S?hring continue to impress with their refined interpretation of modern German cuisine rooted in family traditions.</div><div><br></div><div>3 Restaurants Promoted to Two MICHELIN Stars, Including a Historic First for Phuket and Thailand&#039;s Regional Dining Scene</div><div><br></div><div>The Two-MICHELIN-Star category welcomes 3 new additions, all promoted from the One-MICHELIN-Star status. A milestone achievement comes from PRU, which becomes the first restaurant in Phuket and the first outside Bangkok & Surrounding Provinces to earn Two MICHELIN Stars.</div><div><br></div><div>* Bangkok & Surrounding Provinces:</div><div>Blue by Alain Ducasse, a restaurant that stays true to the spirit of French fine dining, interweaving Southeast Asian ingredients with Mediterranean flair and a fresh, lighter, international perspective, complemented by the seasonal "Delight Collection" of creative small desserts.</div><div>Mia, a restaurant offering storytelling-driven modern European cuisine with Asian influences, where dishes such as the hybrid sourdough brioche carry personal significance beyond their culinary craft.</div><div>* Phuket</div><div>PRU, a restaurant crafting modern Thai cuisine with a strong sense of place, championing mindfulness through farm-grown ingredients, trusted Thai suppliers, and a commitment to fermentation, preservation and responsible practices, exemplified by its signature "King of the Fruits" pairing durian with caviar and sea grapes.</div><div>10 Restaurants Join the One-MICHELIN-Star Selection, Including Chiang Mai&#039;s First-Ever MICHELIN-Starred Restaurant</div><div><br></div><div>Among the 10 new One-MICHELIN-Star entries, 5 are newcomers joining the Guide for the first time, while the other 5 are promoted from the MICHELIN-Selected category.</div><div><br></div><div>Promoted from MICHELIN-Selected to One MICHELIN Star, Bel?n by Paulo Airaudo becomes the first-ever MICHELIN-Starred restaurant in Chiang Mai. Meanwhile, Phuket records its strongest MICHELIN Star showing to date, with one newcomer, Omemo, and one promoted restaurant, Jaras, joining the One-MICHELIN-Star selection.</div><div><br></div><div>* Bangkok & Surrounding Provinces</div><div>Liana, a restaurant where dishes are inspired by European seasons, combining local produce, a lighter take on French techniques, and neatly layered flavors and textures, with desserts among the highlights.</div><div>MACHRI, a restaurant where chef reinterprets a royal Thai menu inspired by King Rama V&#039;s 1897 European food diary, combining deep historical research and French technique while preserving authentically Thai flavors, highlighted by mackerel with roasted chili paste and sticky rice, and pigeon red curry samrap.</div><div>THARN, a concept-led restaurant presenting a refined tasting menu inspired by Thai cuisine from Sukhothai to Rattanakosin, juxtaposing cultural references with authentic flavors, carefully sourced ingredients, and Thai GI products.</div><div>The China House by Chef Fei, a refined Cantonese restaurant offering thoughtfully creative dishes marked by precise seasoning, clean flavors and assured technique, highlighted by roasted chicken with flax seeds that lend a subtle nuttiness to the crisp skin and juicy flesh.</div><div>* Phuket</div><div>Omemo, a restaurant offering a contemporary take on classic Swiss cuisine through balanced, well-structured Alpine dishes, featuring house-made sausages, potato r?sti and fondue-inspired specialties, with meat and cheese at the heart of the menu and the full experience menu offering the best insight into its culinary narrative.</div><div>The other 5 One-MICHELIN-Star recipients promoted from the MICHELIN-Selected category are:</div><div><br></div><div>* Bangkok & Surrounding Provinces</div><div>Duet by David Toutain, a restaurant presenting a creative, delicate, and distinctly plant-forward seasonal tasting menu that balances land and sea, complemented by a carefully curated zero-proof drink pairing.</div><div>I-SANG, a modern Korean restaurant that fuses Korean roots with Thai produce through a concise tasting menu, featuring Eo-Mandu crafted from local catfish, perilla oil Guksu, and crispy crab, a playful riff on Korean fried chicken.</div><div>Sartoria by Paulo Airaudo, a restaurant presenting a modern Tuscan menu centered on fresh pasta and seasonal produce, blending Italian staples with Thai ingredients, highlighted by Duck Cappelletti filled with local duck confit and Basilico built around black-pepper ganache.</div><div>* Chiang Mai</div><div>Bel?n by Paulo Airaudo, a restaurant bringing refined energy to Chiang Mai&#039;s dining scene, elevating local ingredients through sharp European technique, with a smooth and effortlessly moreish Goat&#039;s Cheese Flan paired with seasonal fruits among the highlights.</div><div>* Phuket</div><div>Jaras, a restaurant offering a seasonal tasting menu shaped by home-grown produce, regional ingredients, and a zero-waste approach, highlighted by the Jorang featuring prawn and Thai curry sauce with crispy textures and aromatic herbs.</div><div>Five MICHELIN Special Awards Recognize Exceptional Professionals</div><div><br></div><div>Alongside its restaurant selection, the MICHELIN Guide presents its Special Awards to honor the exceptional talent, passion and craft behind dining experiences that stay with guests long after the final course. These awards recognize outstanding professionals at MICHELIN-recommended restaurants who elevate the gastronomic experience, while celebrating the diversity and appeal of careers across the hospitality industry.</div><div>MICHELIN Service Award</div><div>The MICHELIN Service Award aims to recognize and celebrate skilled and talented professionals who significantly enhance the guest experience. This year&#039;s award, presented by the Tourism Authority of Thailand, honors Chanyawi Mukmaneerattanapon of hom, a MICHELIN-Selected restaurant in Phuket.</div><div><br></div><div>An essential pillar of her team in Phuket since its earliest days, Ms. Mukmaneerattanapon is celebrated for her remarkable consistency, steadfast commitment, and genuinely attentive approach to service. Even when managing multiple tables, she remains proactive, fluid, and intuitive, making every guest feel effortlessly cared for. Her longevity, unwavering professional standards, and deeply personal touch exemplify the true essence of hospitality; while her grace, poise, and dedication set a high benchmark for the industry.</div><div><br></div><div>MICHELIN Opening of the Year Award</div><div>The MICHELIN Opening of the Year Award recognizes an individual or team behind a dining venue that has opened within the past 12 months and made a notable impact on the local gastronomic scene through a creative degustation concept and distinctive culinary approach. This year&#039;s award, presented by UOB, is bestowed upon Kongwuth Chaiwongkachon of Taang, a MICHELIN-Selected restaurant in Bangkok.</div><div><br></div><div>Since opening in June, Taang has made an immediate impression on Bangkok&#039;s dining landscape. Led by Chef Kongwuth, a native of Chiang Rai, this intimate counter experience explores the historical caravan trade routes of northern Thailand and its neighboring regions, tracing how ingredients, people, and food cultures have influenced one another over centuries. Combining brilliant storytelling with exceptional cooking, the restaurant offers a remarkably nuanced exploration of northern Thai cuisine and has quickly become one of the city&#039;s most exciting and talked-about new openings.</div><div>MICHELIN Mentor Chef Award</div><div>Honoring chefs whose unwavering dedication to nurturing the next generation has made a lasting impact on the culinary industry, the 2027 MICHELIN Mentor Chef Award, presented by WP Energy, is bestowed upon Arnaud Dunand-Sauthier of Maison Dunand, a One-MICHELIN-Star restaurant in Bangkok.</div><div><br></div><div>Originally from Chamb?ry in the Savoie region of France, Chef Arnaud brought a wealth of French culinary expertise to Thailand over a decade ago. Beyond his culinary achievements, he has played a profound role as a mentor to both Thai and international talent, nurturing young professionals from commis to sous chef and fostering long-term growth within his teams. Today, his former prot?g?s lead MICHELIN-Starred kitchens in Europe, run acclaimed establishments in France, and head major restaurant concepts across Thailand - reflecting his unwavering commitment to developing people, empowering the next generation, and building a lasting culinary legacy.</div><div>MICHELIN Young Chef Award</div><div>Recognizing a young chef who has demonstrated a unique personality and distinctive identity through their culinary creations over the past 12 months, this year&#039;s MICHELIN Young Chef Award is bestowed upon Natdanai Kitkorsup of lob-baan, a MICHELIN Bib Gourmand restaurant in Phuket.</div><div><br></div><div>Born and raised in Phuket, Chef Natdanai returned to his home region after honing his craft in leading kitchens across Bangkok ? including a Two-Michelin-Star restaurant - before continuing his journey at acclaimed establishments in Phuket. His cooking reflects a profound respect for native ingredients, rich traditions, and authentic flavor profiles, blending regional heritage with refined contemporary technique. Showing impressive maturity and a style firmly rooted in his home region, Chef Natdanai stands out as a young talent helping to bring Phuket&#039;s local cuisine forward.</div><div><br></div><div>MICHELIN Sommelier Award</div><div>Highlighting the skills, knowledge, and passion of talented sommeliers within the industry, this year&#039;s MICHELIN Sommelier Award is bestowed upon Charles Elie-Rodenstein of Cannubi by Umberto Bombana, a One-MICHELIN-Star restaurant in Bangkok.</div><div><br></div><div>Originally from Alsace in France, Mr. Elie-Rodenstein is a multilingual sommelier whose exceptional international journey across France, Monaco, Japan, and Thailand has shaped a deep global perspective. Knowledgeable and confident, he curates inspiring wine selections and offers thoughtful recommendations. What sets him apart is his warm, approachable manner, making the world of wine engaging and accessible; while his natural enthusiasm, professionalism, and personal touch elevate the entire dining experience.</div><div><br></div><div>Discover the full 2027 MICHELIN Guide Thailand Selection:</div><div>MICHELIN Guide Website</div><div><br></div><div>CLICK HERE to download images of the from the</div><div>MICHELIN Guide Restaurant Ceremony Thailand 2027.</div><div><br></div><div>The MICHELIN Guide Thailand 2027 at a Glance:</div><div>2 Three MICHELIN Stars</div><div>10 Two MICHELIN Stars (3 promoted from One MICHELIN Star)</div><div>41 One MICHELIN Star (5 new, 5 promoted from MICHELIN-Selected)</div><div>151 MICHELIN Bib Gourmand (26 new)</div><div>303 MICHELIN-Selected (40 new)</div><div><br></div><div>Mindful Voices</div><div><br></div><div>Mindful Voices is a new MICHELIN Guide platform that brings together inspirational figures from across the hospitality industry. Designed as an editorial space, it gives chefs, hoteliers and winemakers the opportunity to share their stories and pioneering practices with their peers and with audiences around the world.</div><div><br></div><div>Gwendal Poullennec, International Director of the MICHELIN Guide, says, "Mindful Voices will give a platform to all those who are rewriting the rules in their respective fields. This new framework draws directly from what our inspection teams witness firsthand: encounters and experiences that are transforming how things are done and that deserve to be shared. Staying true to its identity and values, the MICHELIN Guide will amplify and give full resonance to these voices from the worlds of gastronomy, hospitality and wine so that they can be heard, wherever they may be."</div><div><br></div><div>The chef invited on stage as a Mindful Voice at the MICHELIN Guide Restaurant Ceremony Thailand 2027 is Chef Chudaree &#039;Tam&#039; Debhakam ofBaan Tepa, a Two-MICHELIN-Star restaurant in Bangkok. At Baan Tepa, Chef Tam elevates her farm-to-table ethos through a polished seven-course Thai tasting menu. The experience begins in the kitchen, immediately immersing guests in the restaurant&#039;s thoughtful sense of place. For each course, the team presents trays of featured ingredients, from seasonal fruits to vegetables and herbs, offering a vivid glimpse into the produce that shapes the menu. Traditional curries, flavors and techniques are reimagined with deft precision, creativity and harmony throughout. She remains committed to mindful gastronomy, from thoughtful local sourcing to minimizing kitchen waste.</div><div><br></div><div>Learn more about the new Mindful Voices initiative here.</div><div><br></div><div>About Michelin:</div><div>Michelin is building a world-leading manufacturer of life-changing composites and experiences. Pioneering engineered materials for more than 130 years, Michelin is uniquely positioned to make decisive contributions to human progress and to a more sustainable world. Drawing on its deep know-how in polymer composites, Michelin is constantly innovating to manufacture high-quality tires and components for critical applications in demanding fields as varied as mobility, construction, aeronautics, low-carbon energies, and healthcare. The care placed in its products and deep customer knowledge inspire Michelin to offer the finest experiences.</div><div><br></div><div> This spans from providing data- and AI-based connected solutions for professional fleets to recommending outstanding restaurants and hotels curated by the MICHELIN Guide. Headquartered in Clermont-Ferrand, France, Michelin is present in 175 countries and employs 122,600 people. (www.michelin.com).</div><div><br></div><div>The issuer is solely responsible for the content of this announcement.</div><div><br></div><div>https://guide.michelin.com/th/en</div><div>https://www.facebook.com/MichelinGuideAsia</div><div>https://www.instagram.com/michelinguide</div><div>https://www.youtube.com/MICHELINGuideAsia</div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 10:12:00 +0700</pubDate>
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<title>2026 Inaugural Sichuan (Emeishan) Whisky Industry Development Conference Held in Emeishan City</title>
<link>https://relleaseid.com/berita-bisnis/2026-Inaugural-Sichuan--Emeishan--Whisky-Industry-Development-Conference-Held-in-Emeishan-City</link>
<description><![CDATA[<img src=https://relleaseid.com/photo/berita/dir112026/2328_2026-Inaugural-Sichuan--Emeishan--Whisky-Industry-Development-Conference-Held-in-Emeishan-City.jpg border=0 hspace=5 align=left width=350 /><div>Source: Emeishan Information Office</div><div><br></div><div>EMEISHAN, CHINA - Media OutReach Newswire - 10 November 2026 - The 2026 Inaugural Sichuan (Emeishan) Whisky Industry Development Conference ran from November 4 to 6 in Emeishan City, Sichuan, China. Chinese terroir and international craftsmanship came together to create aromas unique to this land.</div><div><br></div><div>Mount Emei is a renowned mountain inscribed as a UNESCO World Cultural and Natural Heritage Site. Emeishan, a city on the southwestern edge of the Sichuan Basin, has a forest coverage rate of 62.5%. Its humid climate and mineral-rich mountain springs provide excellent natural conditions for whisky production.</div><div><br></div><div>Here, the story of flavor extends far beyond a glass of whisky. Woodlands, pastures, and clear springs nurture an abundance of local produce and have also given rise to local delicacies passed down through generations. Among the local delicacies that capture the distinctive flavors of Mount Emei are beef hot pot and Emei-style shredded eel.</div><div><br></div><div>Following the southwestern foothills of Mount Emei, you reach Longchi Town, nestled among lush forests. As the morning chill lingers, a steaming pot of beef hot pot is already bringing warmth and life to the town. Surrounded by dense forests and abundant pastures, the area offers ideal conditions for raising free-range cattle, which supply ingredients for the local beef hot pot. Clear spring water from mountain streams is added to the pot along with beef bones, and the broth is simmered over a low heat for eight hours. Little seasoning is needed, allowing the natural flavors of the ingredients to develop slowly over time.</div><div><br></div><div>As the lid is lifted, a cloud of steam thick with the aroma of meat rises. A spoonful of the broth reveals a full-bodied flavor and a sweet aftertaste. A springy piece of beef, dipped in a locally made sauce featuring finely chopped green and red chillies, is savory yet not greasy. Slowly simmered to perfection, the beef broth captures not only the freshness of its ingredients but also the natural flavors of the mountains. It is best enjoyed around the pot with a few friends, sharing stories and good company.</div><div><br></div><div>At the foot of Mount Emei, the lights of Maluqiao Food Street gradually come alive as dusk falls. As a well-known culinary hub welcoming visitors from near and far to the Mount Emei Scenic Area, the street is home to a dish that embodies Sichuan&#039;s signature spicy and hot flavors-Emei-style shredded eel. Nourished by the fresh running waters of the mountains, local ponds yield exceptionally fresh ingredients. </div><div><br></div><div>Strips of eel, uniform in length and size, are tossed in hot oil, releasing an intense aroma almost instantly. Shredded eel, tender and silky with a slight bite, is coated in a glossy, deep-red gravy. The bold flavors of Sichuan pepper, chilli, and savory richness unfold in layers. Locals love to add a handful of noodles to the richly flavored dish. The sauce-soaked noodles are a taste that lingers long after the meal. A favorite choice for welcoming guests from afar, this dish embodies the warmth and hospitality of the people of Emeishan.</div><div><br></div><div>Emeishan whisky adds a new dimension to the culinary delights bestowed by this land. The rustic charm of the mountains, the warmth of local life, and the mellow richness of whisky come together to create a distinctive flavor memory for visitors from around the world. As part of the conference, the Emeishan Whisky Carnival was held, featuring a tasting of local delicacies. Guests from home and abroad gathered to savor the new flavors born of this land.</div><div><br></div><div>The issuer is solely responsible for the content of this announcement.</div>   ]]></description>
<pubDate>Wed, 11 Nov 2026 10:09:00 +0700</pubDate>
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