Valeura Energy Inc T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

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 also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.

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Valeura Energy Inc > All Over the Map

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Comment by Debentureson Dec 28, 2020 9:35pm

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Post# 32189293

RE:RE:All Over the Map

All we can do is stay tuned into Q1-Q2 low risk of holding given cash in the short term.

Good luck and here's hoping for a lot of positive energy in your life going into 2021 :-) have a great new year

Debentures wrote:

Yikes what a salty former shareholder. This is what you do in your spare time post on VLE despite not holding! Nice.

bandit69 wrote: These guys are all over the map. All they talk about is the cash they have and this is great to maintain their salaries at the expense of shareholders.

You can't decipher their business model. Are they promoting cash? Turkey? a deep well program? or "m&a" to be able to tell a fresh new story for a few years (maybe) while collecting nice salaries? they promoted production is the savior because it provides cashflow....negative cash flow mind you...they used to say the reserves were worth a lot more than they sold it for too.

1%insider ownership? hahahah...what a joke. And he gives the excuse of "but that's because we have been changing the insiders and managment the last few years"...really?? When I buy an equity it takes me less than 5 minutes to click a mouse, put in an order, and I am an owner. What is the hold up? and then he says insiders are buying now....but it is chicken feed. Show people they are "buying on the open market" but when your salary is over 1MM per year, thanks to shareholders, a few thousand dollars on some shares to "show" insider buying is chicken feed and a nice show.
.....the shares were at .25 not long ago why did they write options... for themselves... instead of buying massive volumes on the open market if the story is so compelling? then they wouldn't be restricted by divesting schedules. They could sell anytime. The answer to this is obvious, because they do not have confidence in their story. No conviction. No skin in the game.

So, cash, and maybe a fresh story to tell and obvious associated upcoming dilution as he said in the interview....how do you buy a business worth over 100MM with only 40MM in this cash they keep promoting? dilution. Shareholders should not only be excited by the cheap options management/insiders wrote....for themselves.....exorbinant salaries, but now dilution to their holdings. What a great story...for insiders.

I am so sick of these "businesses" that produce cash for themselves while blowing smoke to shareholders. However, shareholders are to blame not management. Shareholders have the power to make or break a company...especially one with a yuuuugge insider ownership of 1%. HAHAHA....so you are to blame. shareholders keep taking it up the bum while these salary suckers ride the wave as long as possible then ride off in to the sunset. I have seen it too many times to count over a few decades now but this format has been more prevalent in the last 10 years.

It's never about creating value for shareholders anymore. Most have discovered that storytelling and collecting egregious salaries are the business model they develop. It works. Obviously.

What an exciting story. You guys will all be rich sticking with this one. No doubt about it. ;)