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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 nozzpackon May 05, 2022 7:41pm
128 Views
Post# 34660622

RE:Still not happy

RE:Still not happy

Over 6 weeks to the AGM.

The float is largely retail, so their influence on proxy outcomes may be substantial.
I am sure management is aware of this.

Acquisition of currently producing assets would mitigate risks of that outcome.
Certainly, as stated, management have more assets under acquisition consideration.

Their requirements for conservation of capital along  with tax loss pools attached, highlite the couple of producing assets still held by KE for liquidation .

So, I would be surprised if management did not follow through in time for the AGM.

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