Valeura Energy Inc. is a Calgary, Alberta-based public company engaged in the exploration, development, and production of petroleum and natural gas in Turkey and Western Canada. Valeura is focused on continuing to grow internationally, in Turkey and other selected countries in the Mediterranean Basin, Central Europe, and Middle East and North Africa (MENA) region. The company's shares are traded on the Toronto Stock Exchange in Canada under the trading symbol VLE.
Valeura evolved from two predecessor companies operating in Canada: PanWestern Energy Inc., a public company that was listed on the TSX Venture Exchange; and Northern Hunter Energy Inc., a private oil and gas company. The companies merged by way of a Plan of Arrangement under the Alberta Business Corporations Act on April 9, 2010. The objective of this merger was to create a publicly-traded platform to grow a new international oil and gas company, incorporating an internationally-experienced management team and directors.
Subsequent to completion of the Arrangement, PanWestern changed its name to Valeura Energy Inc. on June 29, 2010. The Corporation subsequently received TSXV and TSX approval to consolidate its common shares on a 10-for-1 basis, and to graduate from a TSXV listing to a TSX listing on September 15, 2011.
Valeura has adopted a strategy to achieve early international growth through opportunistic acquisitions of producing assets, with exploitation and exploration upside in selected countries within the regions of interest. Valeura also has small legacy producing properties in Western Canada.