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CALGARY - Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF), an upstream oil and gas company with operations in the Gulf of Thailand and the Thrace Basin of Türkiye, announced the results of its annual general meeting of shareholders that took place on May 14, 2025. The company reported that shareholders voted in favor of all proposals on the agenda, including the election of directors and the appointment of auditors.
The shareholders approved Deloitte & Touche LLP (Singapore) as the company’s auditors, reflecting confidence in the firm’s ability to review and verify Valeura’s financial statements. In addition, the election of directors was confirmed with the majority of votes cast in support of the nominated individuals. The results showed a strong endorsement for Dr. W. Sean Guest and Timothy N. Chapman, who each received 100% of the votes cast for their election. Close behind were Russell J. Hiscock, Lina Lee, and Anna Green, all with 99.95% of votes in their favor.
However, the voting also revealed a notable dissent for James D. McFarland and Chalermchai Mahagitsiri, who received 71.52% and 78.35% of the votes for, respectively. The results indicate some level of shareholder reservation about these directors, although they were ultimately elected to the board.
Valeura Energy is focused on a growth-oriented strategy, aiming to reinvest in its asset portfolio and pursue both organic and inorganic growth opportunities in Southeast Asia. The company is also committed to maintaining high standards of environmental, social, and governance responsibility.
The information disclosed is based on a press release statement from Valeura Energy Inc. and is intended to provide shareholders and the public with key facts regarding the company’s governance and strategic direction moving forward.
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