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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 waitingstillon Apr 25, 2022 3:16pm
126 Views
Post# 34629953

RE:Excited or Nervous??))

RE:Excited or Nervous??))I am not sure where you get this feeling that they are excited or nervous. I have rarely if ever seen a management team get swept out without a significant shareholder (ie 20% or more) being disgruntled. Unless BG is looking to remove them, I don't see how disgruntled SH posters are going to do it unless guys here are holding 10s of millions of shares which I highly doubt. I am not saying i would be against management removal considering the past 2 years of inaction but I am just doubtful it can be achieved by the "Valuera Shareholders Association" (or whatever it is called) and these that agree with him.

88 million shares or so will require 44 million shares to vote against them for 50%. That is a lot of shares...

Thoughts?
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