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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora field) and G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 2,935 barrels per day (bbls/d) of medium-weight sweet crude oil. The Company holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin. The Company is also pursuing organic and inorganic growth in Southeast Asia.


TSX:VLE - Post by User

Comment by DocPaton Jan 24, 2022 8:21pm
708 Views
Post# 34356142

RE:Royalty should get us through without cash burn

RE:Royalty should get us through without cash burn
If the company is dead, it is dead and don't spend the $1.7 million. If they are in play, then Play Hard and Get It Done!  Preserve that capital for the drilling of the deeps or other accretive activity! 

This is a perfect example as to why we need management to be realligned with shareholders. $1.7 million dollars is a third of the cost of one of the deep wells (Based on a $5 - 6 million well cost which I believe is what has been quoted here). Or, it's a shallow exploration well, or it is additional barrels per day acquired.

If management is alligned with the shareholders they will feel that, as it is, the paycheck is likely the predominant driver for management which is misalligned.

Cut wages, pay management, at least in part, in shares of the company, eliminate severence and eliminate Director compensation.

Doc.
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