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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The Energy sector is the best performer in the S&P 500 in July, with small oil and gas firms showing relative strength. VAALCO Energy is recommended for its low valuation, high yield, and positive technicals; it trades at a low 8.4 trailing 12-month GAAP price-to-earnings ratio and pays a high 4.4% dividend yield. Risks include adverse energy commodity price changes, geopolitical risks with the firm's non-US assets and operations, unfavorable forex changes, and risks related to its high capex.

Vaalco Energy: Strong Balance Sheet, An Earnings Recovery Likely, Key Support In Play

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HOUSTON, July 20, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its second quarter 2023 earnings release and conference call.

VAALCO Schedules Second Quarter 2023 Earnings Release and Conference Call

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HOUSTON, June 12, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced its participation in an investor event hosted by Water Tower Research (“WTR”) on June 14, 2023 at 11:00 AM Eastern.

VAALCO Energy, Inc. Announces Participation in Water Tower Research Fireside Chat on June 14

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VAALCO Energy, Inc. (NYSE:EGY ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 AM ET Company Participants Chris Delange - Investor Relations Coordinator George Maxwell - Chief Executive Officer Ron Bain - Chief Financial Officer Conference Call Participants John White - ROTH Capital Stephane Foucaud - Auctus Advisors Charlie Sharp - Canaccord Jeff Robertson - Water Tower Research Bill Dezellem - Tieton Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the VAALCO Energy First Quarter 2023 Conference Call.

VAALCO Energy, Inc. (EGY) Q1 2023 Earnings Call Transcript

HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and financial results for the first quarter of 2023.

VAALCO Energy, Inc. Announces First Quarter 2023 Results

The Vaalco Energy, Inc. annual report was delayed for a few days.  This points to underestimating the resources needed by accounting. The negative net debt position should minimize any market concerns about late reporting.

Vaalco Energy: Not So Fast

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

VAALCO Schedules First Quarter 2023 Earnings Release and Conference Call

HOUSTON, April 26, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has issued its 2022 Environmental, Social and Governance (“ESG”) report, which is now available on VAALCO's web site, www.vaalco.com, under the “Sustainability” tab.

Vaalco Announces Publication of 2022 Environmental, Social and Governance Report

Vaalco Energy (EGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About Vaalco Energy (EGY) Rating Upgrade to Strong Buy

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HOUSTON, April 07, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced that, as expected, on April 3, 2023 it received a notice from the New York Stock Exchange (“the NYSE”) that the Company was not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual, because the Company did not timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (its “Form 10-K”) with the Securities and Exchange Commission (the “SEC”) on or prior to the due date thereof or by the extended filing due date provided by Rule 12b-25. Such notices are routinely issued by the NYSE when there are late filings with the SEC.

VAALCO Energy Receives Expected NYSE Notice Regarding Late Form 10-K Filing

VAALCO Energy, Inc. (NYSE:EGY ) Q4 2022 Earnings Conference Call April 6, 2023 10:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator George Maxwell - Chief Executive Officer Ron Bain - Chief Financial Officer Conference Call Participants Stephane Foucaud - Auctus Advisors Jeffrey Robertson - Water Tower Research Charlie Sharp - Canaccord Genuity Bill Dezellem - Tieton Capital Operator Good morning and welcome to the VAALCO Energy Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions] Please also note that this event is being recorded today.

VAALCO Energy, Inc. (EGY) Q4 2022 Earnings Call Transcript

HOUSTON, April 06, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported final financial and operating results for the fourth quarter and full year of 2022. On October 13, 2022, VAALCO completed the business combination with TransGlobe Energy, Inc. (“TransGlobe”); as a result, VAALCO's fourth quarter and full year 2022 results include the combined assets from the closing day through the end of 2022.

VAALCO Energy, Inc. Announces Final Fourth Quarter and Full Year 2022 Financial and Operating Results

HOUSTON, April 05, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has scheduled a conference call to discuss its fourth quarter and full year 2022 financial and operational results on Thursday, April 6, 2023 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time and 4:00 p.m. London Time.) An updated earnings release will be issued that morning prior to opening of trading on the NYSE; an updated investor deck will also be available on VAALCO's web site, www.vaalco.com, in the “Investor Relations” section under the “Presentations” tab.

VAALCO Energy Schedules Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

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News for VAALCO Energy Stock (EGY)