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 > Shareholder Proposals for 2022 AGM

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Comment by AndyPapon Feb 01, 2022 6:19pm

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Post# 34387257

RE:RE:Shareholder Proposals for 2022 AGM

DocPat wrote: I agree, the 25 cent options did not then and do not now pass the smell test and were not representative of the trading range of the stock before their issue or ever since.

I would suggest to the Board and management that they need to cancel these options and perhaps replace them with 45 cent options this time around. To show their fiscal resposibility the management needs to take a 25% wage cut and suspend Director compensation entirely.

Further, to show their own faith in the company the management should take at least 25% of their reduced financial compensation in stock purchased by the Company out of the market.

I trust it goes without saying that there should be no bonuses paid this year.

Belt tightening is long over due.

Doc.