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Valeura Energy Inc T.VLE

Alternate Symbol(s):  VLERF

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.


TSX:VLE - Post by User

Comment by traderlong2on Dec 22, 2021 10:30pm
190 Views
Post# 34256908

RE:RE:RE:RE:RE:RE:RE:Rally ? What Rally ?

RE:RE:RE:RE:RE:RE:RE:Rally ? What Rally ?
I also never believed a rally was the answer
But we now head past more than 2 years
where management has treated our little company as a private cash cow
 Sean has removed over a million bucks in the last 2 years for his accomplishments
as well as options at .25 and .52
This seems huge for what he and management have delivered
appears they continue to promise something down the road for us small shareholders to keep us passified
But have yet after 2 long years failed to del anything material
I think a rally might get there attention and a reminder that they are required as a piblic company to answer to their shareholders
i dont feel sean has done this
feels more like dodge and head down something later we promise but continue to draw a whooping 50k per month pay check
do any of us shareholders draw 50k per month
no matter how poorly we do our job ?
So i say call them out !!!
and we for sure if they dont del very soon need to replace our management team collectively
we dont know how many employees we even have today
a big management team to run what ? all stare at our 40 million
the 2.5 in royalties they are pushing will all be sucked up by payroll to management
doing nothing is no longer acceptable imo
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