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.

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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.

VAALCO Energy reports robust Q3 earnings and eyes production growth

VAALCO Energy's Q3 2024 earnings call highlighted strong financial performance, production growth in key regions, and strategic plans for future drilling campaigns. The company's focus on maintaining and expanding production levels, along with its promising growth prospects, positions it well for future success.

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HOUSTON, Aug.  03, 2020  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) today announced the timing of its second quarter 2020 earnings release and conference call.

VAALCO Schedules Second Quarter 2020 Earnings Release and Conference Call

HOUSTON, July  08, 2020  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE:EGY) today announced that it has received notification from the New York Stock Exchange (“NYSE”) that the Company has regained full compliance with all of the NYSE’s continued listing standards, as indicated in a letter delivered to the Company on July 1, 2020. As previously announced, on April 22, 2020, the Company was notified by the NYSE that the price of its common stock had  fallen below the NYSE requirement that the average closing price of a listed company’s common stock not be less than $1.00 per share for a period of over 30 consecutive trading days.  The Company is now in compliance with this requirement, and the Company’s common stock continues to trade without interruption on both the NYSE and LSE.

VAALCO Energy, Inc. Regains Compliance With NYSE Continued Listing Standards

HOUSTON, June  25, 2020  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or “the Company”) today announced that Catherine Stubbs and George Maxwell were elected as new independent directors to the Company’s Board of Directors at VAALCO’s 2020 Annual Meeting of Stockholders.  Ms. Stubbs and Mr. Maxwell will serve on the Audit, Compensation, and Nominating and Corporate Governance Committees.  Ms. Stubbs will serve as Chair of the Audit Committee. Mr. Maxwell will serve as Chair of the Compensation Committee.  These two new directors replace John Knapp and Steve Pully who did not stand for re-election. 

VAALCO Announces Changes to Its Board of Directors

HOUSTON, June  24, 2020  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) today provided the comments Cary Bounds, Chief Executive Officer will make during its upcoming 2020 Annual General Meeting that is being held at 9:00 am central time in Houston, Texas on Thursday, June 25, 2020.

VAALCO Provides Comments From Chief Executive Officer During 2020 Annual General Meeting Scheduled for June 25, 2020

VAALCO Energy, Inc. (EGY) CEO Cary Bounds on Q1 2020 Results - Earnings Call Transcript

HOUSTON, April  24, 2020  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that on April 22, 2020, the Company was notified by the New York Stock Exchange (the “NYSE”) that the price of the Company’s common stock has fallen below the NYSE’s continued listing standards. The NYSE requires that the average closing price of a listed company’s common stock not be less than $1.00 per share for a period of over 30 consecutive trading days.

VAALCO Energy, Inc. Receives Continued Listing Standard Notice from NYSE

HOUSTON, April  13, 2020  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today provided an operational update including the successful completion of the South East Etame 2H workover and the release of the drilling rig used in its highly successful 2019/2020 drilling program.

VAALCO Announces Successful Workover at South East Etame 2H Well and First Quarter 2020 Production of 4,944 NRI Barrels of Oil per Day

HOUSTON, March  25, 2020  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today provided an update on the successful completion of its 2019/2020 drilling program as well as an operational update.

VAALCO ANNOUNCES SOUTH EAST ETAME 4H WELL HAS BEEN SUCCESSFULLY COMPLETED AND PLACED ON PRODUCTION

VAALCO Energy, Inc. (EGY) CEO Cary Bounds on Q4 2019 Results - Earnings Call Transcript

HOUSTON, Feb.  18, 2020  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today announced that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala (SEENT) platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands in the Gamba formation.

VAALCO Energy, Inc. Confirms Oil Discovery in New Step Out Area With South East Etame 4P Appraisal Wellbore

VAALCO Energy's Growth Is Undervalued

HOUSTON, Jan.  27, 2020  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today announced that Mr. William R. Thomas has been appointed President of VAALCO effective February 1, 2020.  Mr. Thomas has been serving as a non-executive director for VAALCO for the past nine months and will continue to serve on the Board of Directors.

VAALCO Announces the Appointment of William R. Thomas as President

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HOUSTON, Jan.  21, 2020  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today provided an operational update on its 2019/2020 drilling program offshore Gabon.  

VAALCO Announces Operational Update Including Successfully Restoring Production at  Etame 10H and Etame 4H Wells

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Initial Flow Rate From Etame 11h Lifts Current Total Company Net Production to 5,900 BOPD Initial Flow Rate From Etame 11h Lifts Current Total Company Net Production to 5,900 BOPD

VAALCO Announces Etame 11h Development Well Has Been Successfully Completed and Placed on Production at Higher Than Anticipated Rate

Company Has Recently Commenced Drilling of Etame 11H Development Well Company Has Recently Commenced Drilling of Etame 11H Development Well

VAALCO Announces Etame 9H Development Well Has Been Successfully Completed and Placed on Production at Higher Than Anticipated Rate

HOUSTON, Nov.  26, 2019  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or “Company”) today provided an update on Equatorial Guinea. VAALCO Energy Mauritius (EG) Limited (“VAALCO EG”), a subsidiary of the Company, currently holds a 31% participating interest in Block P, located offshore Equatorial Guinea. 

VAALCO Announces Update at Equatorial Guinea

VAALCO Energy, Inc. (EGY) CEO Cary Bounds on Q3 2019 Results - Earnings Call Transcript

HOUSTON, Oct.  30, 2019  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (the Company) today provided an update on its 2019/2020 drilling program Offshore Gabon.

VAALCO Provides Update on Drilling of Etame 9H Development Well and the Etame 9P Appraisal Wellbore

HOUSTON, Oct.  17, 2019  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“VAALCO” or the “Company”), today announced that the Etame 9P appraisal wellbore, targeting the subcropping Dentale reservoir beneath the VAALCO-operated Etame field offshore Gabon, was successfully drilled to a total depth of 10,260 feet and encountered both Gamba and Dentale oil sands.  Operations are underway to plug back to a shallower depth and drill the Etame 9H horizontal development well section in the Gamba reservior. 

VAALCO Energy, Inc. Confirms Oil Discovery With Etame 9P Appraisal Wellbore

HOUSTON, Sept.  26, 2019  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY), (“VAALCO” or the “Company”), an independent energy company focused on development and production assets in West Africa, is pleased to announce that its common shares (“Common Shares”) will be admitted to the standard listing segment of the Official List and the London Stock Exchange’s Main Market for listed securities (“Admission”) under the ticker EGY at 08:00 a.m. BST today. The ISIN of the Common Shares is US91851C2017 and the SEDOL number is BK5V2S9.

VAALCO Energy, Inc. Admission to Trading and First Day of Dealings

HOUSTON, Sept.  23, 2019  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“VAALCO” or the “Company”), an independent energy company focused on development and production assets in West Africa, is pleased to announce that the Prospectus for the dual listing of the Company's common shares (“Common Shares”) to the standard segment of the Official List and the London Stock Exchange’s Main Market for listed securities (“Admission”) has been approved by the UK Listing Authority (“UKLA”) and was published today.

VAALCO Energy, Inc.  Publication of Prospectus

HOUSTON, Sept.  16, 2019  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY) (“VAALCO” or the “Company”), an independent energy company focused on development and production assets in West Africa, today announces its formal intention to seek a Standard Listing on the Main Market of London Stock Exchange (”LSE”), to complement its existing Listing on the New York Stock Exchange. 

VAALCO Energy, Inc. Announces Intention to List on the Main Market of the London Stock Exchange

HOUSTON, Sept.  13, 2019  (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY) (“VAALCO” or the “Company”) today announced that the Company has commenced its 2019/2020 drilling campaign and spud the Etame 9P appraisal wellbore at the Etame field offshore Gabon.  Drilling of the Etame 9P appraisal wellbore is expected to take approximately four weeks, after which the Company will commence drilling the Etame 9H development well targeting the Gamba reservoir.  The objective of the Etame 9P appraisal wellbore is to test the Dentale reservoirs beneath the Etame field.  The Company estimates that there could be up to 4.6 million gross barrels of recoverable oil present in the Dentale reservoirs beneath the Etame field.  If these resources are present in the Dentale, the Company will need to drill additional wells to exploit these reservoirs. As previously announced, VAALCO contracted the Vantage Drilling International Topaz jackup drilling rig to execute the 2019/2020 drilling campaign, which will include two appraisal wellbores and up to three development wells.   

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