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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

Post by nozzpackon Jan 16, 2022 10:42am
1203 Views
Post# 34321536

Shareholder Proposals for 2022 AGM

Shareholder Proposals for 2022 AGMLike all shareholders, those 25 cent options  which management voted themselves in 2020 is the epitome of egregrious behavior by Management .

At that time, our cash position was more than twice the price and our book value was 4 times that level.

Of course, at that time , the stock was heavily shorted as well.
Pure coincidence of course .

In any event, we should request minutes of the compensation committee which granted those cheap options while ordinary shareholders were suffering through the bottom falling out of their investments in Valeura .

I am thinking about submitting a shareholders proposal to the 2022 AGM revoking those ill deserved options.
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