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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 goldwatch69on Jun 25, 2024 5:04am
121 Views
Post# 36104498

RE:RE:MESSAGE FOR VALEURA'S BOARD OF DIRECTORS

RE:RE:MESSAGE FOR VALEURA'S BOARD OF DIRECTORSDid you bother to check all options plus the rest of the handouts?  There remains approximately 2 million options under 2.50, ranging fro .25 to .75, some at 1.58 and some 2.10 to 2.58.

At end of Q1 Mar 21 the tally was approximately 110 million shares fully diluted. Current shares listed is approximately 107 million on TMX. About another 2 million restricted and registered shares where handed out after Q1.

So yeah, this is a big problem as we investors in it for the long run are faced with 10%+ dilution with all these handouts to insiders and the CEO.  How much more dilution is coming?  How much more dumping by insiders is coming?  Enough damage has been done to the stock already. This needs to stop now!
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