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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 DocPaton Apr 25, 2022 5:39pm
131 Views
Post# 34630401

RE:RE:Excited or Nervous??))

RE:RE:Excited or Nervous??))I agree, the "Valeura Shareholders Association" with a membership of one (1) is a joke and their constant natteringing is at best annoying. To your point though, what makes you think BG is not disgruntled? Do you think BG likes watching their capital be erroded year after year without so much as glimmer of hope?

I'm not familiar with the ins and outs of shareholders removing managment and directors, nor do I want to be. You mentioned a number of 20% and then 50% of the shareholders to effect a change and so perhaps you're as famililiar as I with the mechanics.

I have always been in these guys corner, I am an optomist .. but after 10 years of holding this stock and my adjusted cost still above $2.00/share one has to look at this closely and ask if losses need to be cut.

With that said, I am still an optomist and think these guys will pull it out of the fire before proxies are circulated. I hope.

IMHO

Doc.
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