Fellow Shareholders,

Look forward to your comments, questions suggestions.

Thank you.

Valeura Shareholders Association

___________________

Tim Marchant tmarchant@valeuraenergy.com
Jan 25, 2022, 6:31 PM (5 days ago)
 
  
to me, Robin
 
 
 
 
 
 
 
 
 
 
January 25th, 2022
 
PRIVATE AND CONFIDENTIAL
To:  ValeuraShareholdersAssociation@gmail.com


Dear Mr./Ms. A.P.,


Thank you for your letter dated January 6th, which arrived today.  I suspect that Canada Post is also facing significant logistical challenges in these COVID times.


I greatly appreciate the opportunity to engage directly with fellow Valeura Energy shareholders.


Your letter raises several points that I look forward to discussing with you.  As a first step, I suggest that you contact our Manager of Investor Relations, Mr. Robin Martin.  It’s Robin’s job to keep all our investors informed about the progress of the company and he will welcome the opportunity to engage with a group called the Valeura Shareholders Association (VSA) and to better understand your membership as well as your mandate. 


As communicated to shareholders in the recent VLE Trading Update press release (January 20th, 2022) the company has been actively pursuing global new business opportunities to deploy the capital released from the May 2021 sale of the Thrace Basin shallow gas business.  This disposition has enabled us to significantly reduce corporate costs and we now have a very lean organization.


The recent increase in European gas prices has resulted in additional royalty payments to our company and a renewed interest in natural gas production potential of our tight gas play in the Thrace Basin.


Robin can be reached at rmartin@valeuraenergy.com or by phone at  +1 403 975 6752  


Then I would like to follow up directly with you and potentially other VSA members. If you are based in Calgary, we could meet at a location of your choice in a COVID-safe manner. Alternatively, we could meet electronically via the Microsoft Teams or Zoom video platforms.


Best regards,


Tim Marchant

Board Chairman
Valeura Energy Inc
Suite 1200, 202 - 6th Ave SW
Calgary, Alberta, Canada T2P 2R9
Phone: +1 403 283-6365
Mobile: +1 403 714-6982
_____________
PROPOSED RESPONSE

Fenruary 1, 2022


Dear Mr Marchant,

Thank you for the kind responce.
We request all communications from the company be done through press releases as stipulated by law.
Engaging with the Board of Directors or the Management Team would be a waste of our time.

Best regards,

Valeura Shareholders Association
__________________