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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 > TMX INVESTIGATING Valeura Management Actions.
View:
Post by AndyPap on Feb 02, 2022 12:32pm

TMX INVESTIGATING Valeura Management Actions.

Fellow Shareholders,

I encourage every Valeura Shareholder to send the attached emaill to TMX to investigate the affairs of our company as stated in the email. Concern from a number of Shareholders emphasizes to TMX the need to investigate on an urgent basis.

The present Management Team needs to be investigated.

Thank you.

Valeura Shareholders Association


--------


TSE compliance:
Valrie Douville
Phone: +1 514 788-2426
Email: disclosure@tmx.com
 
 
 
Dear Ms Douville,
 
As a shareholder of Valeura Energy Corporation I am deeply concerned over two issues pertaining to the affairs of the company:
  1. The sale of corporate assets in 2021 to a party with close ties to the Board of Directors of Valeura Energy Corporation at what appears, even in the circumstances prevailing at the time,  as disturbingly deep discounts.
  2. The compensation of the Executive Team and the Board of Directors is excessive by any measure for a junior Oil and Gas company greatly diminished by the failure of its major project.
 
We ask TMX Compliance to investigate the legality of the above noted issues.
Respectfully,
 
 
 
-------
 
From: julieanne.head@tmx.com <julieanne.head@tmx.com> On Behalf Of +Disclosure
Sent: Wednesday, February 2, 2022 7:51 AM
To: xxxxxxxxxxxxxxxxx
Subject: Re: [EXTERNAL] Valeura Energy Corporation - Fiduciary Responsibility issues
 
Mr. xxxxxxxxxxxxxxxxxxx,

We confirm receipt of your email dated January 29, 2022 that was addressed to disclosure@tmx.com, Toronto Stock Exchange ("TSX"), regarding your concerns with respect to Valeura Energy Corp., (the "Company").
 
We advise that the Compliance and Disclosure Department of TSX will review and consider the issues you have brought forward to determine if there has been a breach of TSX requirements.  Due to our strict confidentiality guidelines we are not at liberty to disclose any information regarding any review or investigation that we undertake. As a result, you will likely hear nothing further from us on this matter.  We will correspond directly with the Company should we decide to proceed with a formal review of this matter.
 
Thank you for bringing this to our attention.

Regards,

Compliance & Disclosure / Conformit et communication de l’information
Toronto Stock Exchange / Bourse de Toronto
Email / courriel: 
Disclosure@tmx.com 
Web Site: www.tmx.com

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Comment by SlowAndSteady7 on Feb 02, 2022 1:24pm
Andy, Do me a favor.  Sell a 100 shares, drive down to a shady part of town, and see if you can hire someone to give you a hug. The Valeura STFU Association.
Comment by cyber37 on Feb 02, 2022 5:04pm
Andy, thanks for your efforts; ignore the noise and keep on moving forward ….slow & steady is the speed here. Parasitic management needs to show results soon, earn their keep or move on to other places to feed on. Two years was plenty of time and upcoming GM is likely the end of the road; at least for my proxy. Also, the recent Trading Update was a good start but IMO still not enough to keep ...more  
Comment by AndyPap on Feb 02, 2022 7:26pm
cyber37, Thank you for the kind words of encouragement. I appreciate them. AndyPap Valeura Shareholders Association
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