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 > Paralysis - Rock and a Hard Place

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Comment by energeeon Jan 01, 2022 5:31pm

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Post# 34276562

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Paralysis - Rock and a Hard Place

Agree completely.

The Board has a fiduciary duty to do the best for the corporation (which by default should provide the best outcome for shareholders) and strategic alternatives is a logical outcome.

That will require the Board of VLE to hire an ibanker who will be incentivized to source, review and recommend potential deals. At present, it seems that management is the gatekeeper.

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