ManagementPersonnel
"As at December 31, 2020, Valeura had seven full-time employees in its head office in Calgary, as well as 12 full-time employees in its office in Ankara, Turkey and 52 employees at its field office in Tekirdag, Turkey."
When they close the sale it is reasonable to assume that G&A will be lower going forward. Plenty of people there for this micro-cap soon to have no production.
Management had better not be lining up to the bonus trough (like they did last year for $422K) because results in 2020 were a non-event. With the high G&A, robust management severance contracts, lack of deal activity, re-priced options et al, cashed up, this Co needs to get it in gear.
Interesting that the VLE Chairman, T. Marchant, is also a Director of TransGlobe which actually has significant assets in Egypt.