VAALCO Energy

VAALCO Energy, Inc. engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon and Equatorial Guinea. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation. The company was founded by Virgil A. Walston and Charles Alcorn in 1985 and is headquartered in Houston, TX.

Earnings data Q4 2020

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VAALCO Energy reports record 2022 results, eyes growth opportunities

VAALCO Energy's strong financial performance in 2022, driven by production growth and increased reserves, positions the company for continued success.
While facing challenges such as increased expenses and capital spending, VAALCO has opportunities for growth through strategic investments and operational efficiencies.
The successful integration with TransGlobe and focus on shareholder value highlight VAALCO's commitment to delivering long-term value and sustainable growth.
By capitalizing on opportunities in drilling programs and synergies with TransGlobe, VAALCO can navigate challenges and drive future profitability and shareholder returns.

VAALCO Energy (EGY) reports strong Q1 performance and eyes international growth

VAALCO Energy (EGY) delivered a robust performance in Q1 2023, showcasing operational improvements, financial strength, and commitment to shareholder value.
The company faces challenges in managing costs, operational delays, and negotiations, but opportunities in drilling optimization and international projects offer growth potential.
With a focus on ESG initiatives, sustainability, and long-term value creation, VAALCO Energy is well-positioned for continued success and value creation for shareholders.

VAALCO Energy reports robust Q2 earnings, eyes growth in Africa

VAALCO Energy's Q2 2023 performance showcased strong financial and operational results, driven by restructuring efforts and progress in key operational regions. While facing challenges like one-off costs and inflationary impacts, the company remains focused on maximizing shareholder returns and pursuing growth opportunities. Future plans include drilling programs in Gabon and development projects in Equatorial Guinea, indicating a strategic focus on expansion and stability.

VAALCO Energy surpasses Q3 guidance, poised for continued growth

VAALCO Energy's Q3 2023 showcased exceptional operational and financial performance, surpassing expectations and positioning the company for further growth. Strong production results, increased cash balance, and strategic investments highlight the company's resilience and potential for future success.

VAALCO Energy reports record 2023 results, eyes growth opportunities

VAALCO Energy's strong performance in 2023, marked by record production levels and robust financial results, positions the company for continued growth and value creation.
Despite challenges such as pricing impacts and regulatory changes, VAALCO's strategic strengths in operational excellence and financial management provide a solid foundation for success.
The company's focus on optimizing operations, expanding asset base, and enhancing shareholder value underscores its commitment to sustainable growth and resilience in a dynamic market.
With a strong balance sheet, efficient capital allocation, and a proactive approach to opportunities and challenges, VAALCO Energy is well-positioned to capitalize on growth prospects and navigate industry dynamics.

VAALCO Energy reports robust Q2 earnings and growth opportunities ahead

VAALCO Energy's Q2 2024 performance reflects strong operational and financial results, driven by successful drilling and workover projects in key regions.
Despite challenges in Gabon and managing CapEx, the company's strengths in earnings, reserves, and production outlook position it well for future growth.
Opportunities lie in further leveraging operational successes, planned production enhancements, and strategic investments to drive sustained profitability and expansion.
Navigating challenges while capitalizing on strengths and opportunities will be crucial for VAALCO to maintain its growth trajectory and deliver value to stakeholders.

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7 Penny Stocks to Buy – While They're Still Penny Stocks

HOUSTON, Oct. 19, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its third quarter 2021 earnings release and conference call.

VAALCO SCHEDULES THIRD QUARTER 2021 EARNINGS RELEASE AND CONFERENCE CALL

HOUSTON, Oct. 11, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has entered into a consortium with BW Energy and Panoro Energy and the consortium has been provisionally awarded two blocks in the 12th Offshore Licensing Round in Gabon. The award is subject to concluding the terms of the production sharing contracts (“PSC”) with the Gabonese government. BW Energy will be the operator with a 37.5% working interest, with VAALCO (37.5% working interest) and Panoro Energy (25% working interest) as non-operating joint owners. The two blocks, G12-13 and H12-13, are adjacent to VAALCO's Etame PSC as well as BW Energy and Panoro's Dussafu PSC offshore Southern Gabon, and cover an area of 2,989 square kilometers and 1,929 square kilometers, respectively. Both Etame and Dussafu have been highly successful exploration, development and production projects undertaken by the consortium members over the past 20 years with approximately 250 million barrels discovered to date.

VAALCO and Consortium Provisionally Awarded Two Offshore Blocks in Gabon

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HOUSTON, Aug. 31, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that the Etame co-venturers approved the Bareboat Contract and Operating Agreement (collectively, the “Agreements”) with World Carrier Offshore Services Corp and the Agreements are now effective. As previously announced on August 25, 2021, the new Agreements to replace the existing Floating Production, Storage and Offloading unit (“FPSO”) with a Floating Storage and Offloading unit (“FSO”) will significantly reduce storage and offloading costs by almost 50%, increase effective capacity for storage by over 50%, and is expected to lead to an extension of the economic field life, resulting in a corresponding increase in recovery and reserves at Etame.

VAALCO Announces Etame Co-Venturers Approve FSO Agreements

HOUSTON, Aug. 25, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that its affiliate VAALCO Gabon, SA (“VAALCO Gabon”) has signed a binding letter of intent (“LOI”) with World Carrier Offshore Services Corp. (“World Carrier”) to provide and operate a Floating Storage and Offloading (“FSO”) unit at VAALCO's Etame Marin field offshore Gabon for up to eight years with additional option periods available upon the expiration of the current Floating Production, Storage and Offloading (“FPSO”) contract in September 2022. The non-binding LOI with Omni Offshore Terminals Pte Ltd, which VAALCO announced in April of this year, expired without any mutually agreeable contract being reached.

VAALCO Announces Binding Letter of Intent for FSO at Etame

HOUSTON, Aug. 12, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that the Company will be participating in EnerCom, Inc.'s The Oil and Gas Conference in Denver, Colorado where Chief Executive Officer George Maxwell is scheduled to make a presentation on Monday, August 16th at 2:20 pm Mountain Time.

VAALCO Energy to Participate in Upcoming Investor Conference

VAALCO Energy, Inc.'s (EGY) CEO George Maxwell on Q2 2021 Results - Earnings Call Transcript

Vaalco Energy (EGY) delivered earnings and revenue surprises of -33.33% and 18.48%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Vaalco Energy (EGY) Misses Q2 Earnings Estimates

Reports Net Income of $5.9 Million, or $0.10 per Diluted Share Reports Net Income of $5.9 Million, or $0.10 per Diluted Share

VAALCO Energy, Inc. Announces Second Quarter 2021 Results

Vaalco Energy (EGY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Vaalco Energy (EGY) Earnings Expected to Grow: What to Know Ahead of Q2 Release

HOUSTON, July 28, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its second quarter 2021 earnings release and conference call.

VAALCO Schedules Second Quarter 2021 Earnings Release And Conference Call

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HOUSTON, June 28, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has issued its 2020 Environmental, Social and Governance (“ESG”) report, which is now available on VAALCO's web site, www.vaalco.com, under the “Sustainability” tab.

VAALCO Announces Issuance of 2020 Environmental, Social and Governance Report

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HOUSTON, June 21, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) announced that its Board of Directors has named Ronald Bain as Chief Financial Officer effective June 21, 2021. Mr. Bain has over 25 years of oil industry experience in a variety of financial roles and has significant capital markets experience.

VAALCO Appoints New Chief Financial Officer

HOUSTON, June 16, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that, in conjunction with its 2021/2022 drilling program planned to begin later this year, it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited, to drill two development wells and two appraisal wellbores with options to drill additional wells. The contract provides, among other things, that the drilling rig can be on location as early as December of this year, with the exact timing dependent on other commitments related to the rig.

VAALCO Secures Rig for 2021/2022 Drilling Campaign

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HOUSTON, June 08, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) held its Annual General Meeting on Thursday, June 3 and outlined near-term value drivers to support accretive growth and generate shareholder returns.

VAALCO Hosts Annual General Meeting Outlining Refreshed Strategic Targets

VAALCO Energy, Inc. (EGY) CEO George Maxwell on Q1 2021 Results - Earnings Call Transcript

Reports Net Income of $9.9 Million, or $0.17 per Diluted Share Reports Net Income of $9.9 Million, or $0.17 per Diluted Share

Vaalco Energy, Inc. Announces First Quarter 2021 Results

HOUSTON, May 11, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has entered into crude oil commodity swap agreements for a total of 672,533 barrels at a Dated Brent weighted average price of $66.51 per barrel for the period from and including May 2021 through October 2021. These swaps will settle on a monthly basis.

VAALCO Enters Into Additional Crude Oil Derivative Contracts

HOUSTON, April 29, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its first quarter 2021 earnings release and conference call.

VAALCO Schedules First Quarter 2021 Earnings Release and Conference Call

HOUSTON, April 27, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has signed a non-binding letter of intent (“LOI”) with Omni Offshore Terminals Pte Ltd (“Omni”) to provide and operate a Floating Storage and Offloading (“FSO”) unit at VAALCO's Etame Marin field offshore Gabon for up to 11 years upon the expiration of the current Floating Production, Storage and Offloading (“FPSO”) contract with BW Offshore in September 2022.

VAALCO Announces Letter of Intent for FSO at Etame

HOUSTON, April 12, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that its Board of Directors has named George Maxwell as Chief Executive Officer effective April 12, 2021. Mr. Maxwell, who has been a Non-Executive Director of the Company since June 2020 and resides in the U.K., will continue to serve as a member of the Board. Cary Bounds who has served as Chief Executive Officer since 2016 will leave VAALCO to pursue other interests. The Company also provided details on its newly updated forward strategy.

News for VAALCO Energy Stock (EGY)