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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 > Operational Integrity
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Post by firstworld on Aug 10, 2024 12:15pm

Operational Integrity

Canadian definition of integrity is far below international standard LOL operating a dangerous goods crude oil storage vessel with compromised structural integrity / cracked structural elements and likely extensive metal fatigue throughout is the furthest from integrity one can imagine.

This is an accident waiting to happen.

They HAD to restart losing too much money daily at VLE, even now they are barely break even, plus the $100M cost overun for their performance bonuses rewarding a 20% production crash and operating damaged vessel and informal "penalties" paid to regulators in Switzerland haha
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