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THIRD QUARTER 2021 RESULTS November 12 , 2021 Calgary , November 12 , 2021 : Valeura Energy Inc. ( TSX : VLE , LSE : VLU ) ( the " Company " or " Valeura " ) , an upstream oil and gas company with assets in the Thrace Basin of Turkey , reports its unaudited financial and operating results for the three month period ended September 30 , 2021 . Highlights • Financial position - Cash position of US $ 41.7 million at September 30 , 2021 ; • Royalties - Valeura is now due royalty payments in connection with the sale of its conventional gas producing business . Given current gas prices , these are now expected to reach the capped total of US $ 2.5 million within the coming year ; and • Strategy - Continuing to pursue near - term inorganic growth opportunities and seeking a suitable partner to farm in to the Company's 20 Tcfe unrisked mean prospective resource deep , tight gas play . Sean Guest , President and CEO commented : " Our third quarter results demonstrate the stability of our financial position as we continue to pursue our strategy from a position of strength . With no debt , a cash position of US $ 41.7 million , and a lean organisation , we are aggressively evaluating new business opportunities without putting strain on our balance sheet . " During the third quarter we have experienced a strengthening in the business environment for global upstream oil and gas investments , with stronger benchmark oil and gas prices . This reinforces our view on the ability for mergers and acquisitions - led growth to contribute meaningful near - term cash flow , and