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, April 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Group”) today announced that it has issued its 2023 Sustainability Report, which is now available on VAALCO's web site, www.vaalco.com , within the Sustainability section.

VAALCO Energy, Inc. Announces Publication Of 2023 Sustainability Report

HOUSTON, April 25, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its first quarter 2024 earnings release and conference call.

VAALCO Schedules First Quarter 2024 Earnings Release and Conference Call

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VAALCO Energy (EGY) and its partners finalize the Joint Operating Agreement related to the development of Venus Block-P, offshore Equatorial Guinea.

VAALCO (EGY) Gets the Green Light for Block-P Development

HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement (“JOA”) related to the previously approved Venus-Block P Plan of Development (“POD”). The Block P Production Sharing Contract (“PSC”) provides for a development and production period of 25 years from the date of approval of the POD.

VAALCO Energy, Inc. Announces Finalization of Agreements in Equatorial Guinea

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VAALCO Energy, Inc. (EGY) Q4 2023 Earnings Call Transcript

Vaalco Energy (EGY) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.19 per share a year ago.

Vaalco Energy (EGY) Beats Q4 Earnings and Revenue Estimates

VAALCO Reports Record Financial Results and Shareholder Returns Following Year of Expansion VAALCO Reports Record Financial Results and Shareholder Returns Following Year of Expansion

VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operating Results

HOUSTON, March 12, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that the Company is scheduled to participate in the 36th Annual Roth Conference to be held in Dana Point, California from March 17-19, 2024.  Ronald Bain, Chief Financial Officer and Edward Cozens, Vice President of Commercial and Strategic Planning will participate in the Conference and host one-on-one meetings with investors during the event. An updated investor presentation will be posted on the Company's web site www.vaalco.com in the “Investor Relations” section on the “Presentations” page prior to the event.

VAALCO Announces Participation in 36th Annual Roth Conference

VAALCO Energy, Inc. is a small oil and gas player with producing interests in Egypt, Gabon, and Canada. The company has been growing its dividend and share buybacks, generating almost $90 million in free cash flow in 2023. Vaalco Energy has several growth centers, including Egypt, Canada, and Gabon, and is evaluating locations for future drilling campaigns.

Vaalco Energy: A New Catalyst For Growth In 2024

While lower commodity prices are likely to have hurt VAALCO Energy's (EGY) Q4 bottom line, an impressive production profile might somewhat aid results.

Can VAALCO (EGY) Deliver Strong Q4 Earnings Performance?

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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.

Earnings Preview: Vaalco Energy (EGY) Q4 Earnings Expected to Decline

VAALCO (EGY) is set to acquire Svenska Petroleum Exploration AB from Petroswede AB, for a gross consideration of $66.5 million.

VAALCO's (EGY) Acquisition Expands Its West African Footprint

HOUSTON, March 04, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its fourth quarter and full year 2023 earnings release and conference call.

VAALCO Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

HOUSTON, Feb. 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has entered into a sales and purchase agreement (“SPA”) to acquire Svenska Petroleum Exploration AB (“Svenska”), a privately-held exploration and production (“E&P”) company based in Stockholm, Sweden (the “Acquisition”). Svenska's primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d'Ivoire in West Africa.

VAALCO Energy, Inc. Announces Accretive All Cash Acquisition Expanding Its West African Footprint

HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") notes the recent media speculation in Africa Intelligence and confirms that the Company is in discussions with the owner of Svenska Petroleum Exploration AB (“Svenska”) regarding a possible debt-free corporate transaction to acquire Svenska whose primary asset is a 27.39% interest in Block CI-40, offshore Cote d'Ivoire, which has current working interest production of approximately 4,500 barrels of oil equivalent per day net to Svenska.

VAALCO Response to Media Speculation

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News for VAALCO Energy Stock (EGY)