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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 > insurance ?
View:
Post by traderlong2 on Apr 01, 2023 4:34pm

insurance ?

During start-up preparations, the third-party operated Vessel impacted the field's Catenary Anchor Leg Mooring buoy, resulting in damage to certain offloading components. No personnel were injured, and as production had not yet started, there was no discharge of fluids.
Comment by Kadiddelhopper on Apr 01, 2023 10:39pm
The Insurance provisions would surely be covered in the Charter Agreement signed between Valeura, the Tanker Owners and as well the Tanker Operators. It would have been nice to have seen mention of that in the March 31st Release. One thing about Valeura and their IR, is their lack of capacity in awareness of the tiny details that can escalate into bigger S/H anxieties.
Comment by firstworld on Apr 01, 2023 11:34pm
They never cared about SH or legal requirements just a b7nch of redneck cowboys runnimg their private fiefdom for last 12 years sucking up several hundred M of OPM pretending to be players. Now they camt evem deliver a simple closing update or moor ship to bouey in middle of sea with nomone around...its a total amateur redneck hour gong show.
Comment by Kadiddelhopper on Apr 01, 2023 11:44pm
FW... the contradiction .... you speak rather glowingly of Valeura in you Postings on other Boards AOI for instance.... Playing both ends against the middle, no doubt serves you well, Red Neck Cowboy!
Comment by SMlachake on Apr 02, 2023 12:52am
There a lot of 'nice' that management sometimes does not have the luxury to use. They got lots to juggle including legals etc. I would imagine they got this news sometimes Wednesday. I don't think it would serve good business purpose to give public statement about insurance cover from a third party without the third party stating that to them first, and how would that impact the third ...more  
Comment by firstworld on Apr 02, 2023 11:56am
If thwy are not commenting on substantailly material muba closing numbers why would they comment on insurance cover ? 
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