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Bullboard - Stock Discussion Forum 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... see more

TSX:VLE - Post Discussion

Valeura Energy Inc > Something can be done.
View:
Post by AndyPap on Sep 28, 2021 2:52pm

Something can be done.

Investors and VLE consultants,

As investors are justifiably unhappy.
There is something that you can do to put pressure on management and the consultants of the company.
It is not guaranteed that it will change anything but it will put them on notice. It is a first step.
We had a news release in Turkey that they did a deal with a Turkish company. The Turkish press reported that.
There was no similar release in Canada.
We simply do not know the materiality of the event.
But there is someone that can force VLE to reply: the regulator (TMX).
Have you reported this situation to TMX ( disclosure@tmx.com)?
There is no cost, and no further work you have to do.
Just email to  disclosure@tmx.com
After reporting the event, TMX will email you to receive your consent that they can bring this event up with management. You reply: Consent given.
That is all.
The TMX will follow up with VLE. I have witnessed them do just that in Vancouver in a different situation. They do have officials across the country.
What you accomplish with the complain is having TMX keep an  eye on VLE and management will be aware of that.
It is powerfull to have 50 investors raise the issue with TMX.
I did report this. 
Will you commit to take 1 minute to do exactly that?
It will make a big difference.
Yes, it will.
Below is all the info you need.
Copy and paste at will.
You have no excuses.
Just do it.
Make a difference.
__________

  1. Canadian and UK law requires public companies to report and disclose material company events as they occur.
  2. The Turkish press reported on August 31, 2021 what appears to be a material event of the Company (Valeura Energy Inc.).
  3. The link to the Turkish report:  https://www.yeraltihaber.com/haber/tpao-valeuranin-arazisinde-operator-olacak-1150
  4. The report appears to translate as follows:
Tuesday, August 31, 2021 09:22  Trkiye Petrolleri Anonim irketi took over a part of Valeura Energy's oil exploration field located in Tekirda and Krklareli within the F19-d1 sheet. In the statement made by the General Directorate of Mining and Petroleum Affairs (MAPEG); It has been informed that the transfer of a part of the oil exploration field within the borders of Tekirda and Krklareli provinces of the Netherlands-based Valeura Energy Netherlands BV, within the F19-d1 sheet, to the Turkish Petroleum Corporation (TPAO) has been completed. According to the contract signed between the companies, TPAO will have 100% undivided right over Valeura Energy's 100% share in the said land. Registration of rights in favor of TPAO in the Petroleum Registry, with TPAO being the operator in the activities to be carried out in the said field, according to the contract and legal regulations signed between the companies by MAPEG; Kaynak Linki = https://www.yeraltihaber.com/haber/tpao-valeuranin-arazisinde-operator-olacak-1150
  1. The above appears to be a material event in the business of the Company.
  2. As an investor in the Company I am concerned that the company’s non-compliance with reporting requirements puts me at a disadvantage in evaluating the effect of this event.
  3. I request, if this event is material to the business of the Company, the shares of the company cease trading in the Toronto and London stock exchanges until such time as the company is in compliance with reporting requirements.
  4. TSE compliance:
            Valerie Douville
            Phone: +1 514 788-2426
            Email: disclosure@tmx.com
 
  1. LSE compliance:
           Tel: +44 (0)20 7797 4400
           Email rns@lseg.com
 
  1. Concerned investors can get in touch with the above contacts.
Comment by AndyPap on Nov 13, 2021 7:03pm
Thanks to everyone that followed up with the regulators. Valeura is a closely watched company. Will post the next steps in the campaign to pressure management this weekend.
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