RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Valeura Energy Inc. Announces Wassana Production Re-startwindymayor1 wrote: If you looked on the map of SE Asia you may get an idea of why H.O. is located there and where the next acquisitions may come from.
Also 90% + of current staff are on the ground in Thailand anyway.
I wouldn't sweat it.
If one is a multinational in Asia Singapore regional HQ makes sense but when its a startup operating on pennies who has to dilute SH 20% to raise $20M emergency funding with only one asset in Thailand the norm is for management to be in Thailand.
Cost is 20% of Singapore and they're close to regulators, vendors and team which is absolutely critical.
Instead, they now have higher costs than planned anf late performance under target with five star SH funded luxury life.
This just shows amateur management focused on personal betterment as highest priority.
They should have set up corporate managent in Burma instead at 3% of local cost fitting their tier 5 status.