Valeura Energy Inc. T.VLE

insurance ?

[traderlong2]

During start-up preparations, the third-party operated Vessel impacted the field's Catenary Anchor Leg Mooring buoy, resulting in damage to certain offloading components. No personnel were injured, and as production had not yet started, there was no discharge of fluids.

[Kadiddelhopper]

The Insurance provisions would surely be covered in the Charter Agreement signed between Valeura, the Tanker Owners and as well the Tanker Operators. It would have been nice to have seen mention of that in the March 31st Release. One thing about Valeura and their IR, is their lack of capacity in awareness of the tiny details that can escalate into bigger S/H anxieties.

[firstworld]

They never cared about SH or legal requirements just a b7nch of redneck cowboys runnimg their private fiefdom for last 12 years sucking up several hundred M of OPM pretending to be players. Now they camt evem deliver a simple closing update or moor ship to bouey in middle of sea with nomone around...its a total amateur redneck hour gong show.

[Kadiddelhopper]

FW... the contradiction .... you speak rather glowingly of Valeura in you Postings on other Boards AOI for instance.... Playing both ends against the middle, no doubt serves you well, Red Neck Cowboy!

[SMlachake]

There a lot of 'nice' that management sometimes does not have the luxury to use. They got lots to juggle including legals etc. I would imagine they got this news sometimes Wednesday. I don't think it would serve good business purpose to give public statement about insurance cover from a third party without the third party stating that to them first, and how would that impact the third

[firstworld]

If thwy are not commenting on substantailly material muba closing numbers why would they comment on insurance cover ?