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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Belden

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The VAALCO Energy merger with TransGlobe Energy combined the predictability of secondary recovery and unconventional with the volatile results of offshore. Management minimizes risks offshore by developing small-known discoveries that are not attractive to larger competitors.

Vaalco Energy: On The Shelf

VAALCO Energy, Inc. oil and gas revenues for the fourth quarter of 2022 were $96.59 million compared to $56.38 million for 4Q21. Net income is estimated at $18.00 million compared to $34.36 million. Production for the fourth quarter of 2022 was 14,390 NRI* Boep/d, up 90.5% from the same quarter a year ago and up 57.1% sequentially. VAALCO sold 1,371K Boe in 4Q22.

Vaalco Energy: Entering A New Game

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Increased Year-End 2022 Sec Proved Reserves by 149% to 27.9 MMBOE With PV-10 Value Up 529% to $624 Million Increased Year-End 2022 Sec Proved Reserves by 149% to 27.9 MMBOE With PV-10 Value Up 529% to $624 Million

VAALCO Energy, Inc. Announces Preliminary Unaudited Fourth Quarter and Full Year 2022 Results and Provides 2023 Guidance

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HOUSTON, March 13, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) announced today that it plans to file a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission (“SEC”) as it has determined it expects to be unable to file its Annual Report on Form 10-K (“Form 10-K”) for the year ended December 31, 2022 by its original due date of March 16, 2023. The Company has determined that it is unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense. As disclosed in VAALCO's Current Report on Form 8-K filed with the SEC on October 14, 2022, the Company completed the acquisition of TransGlobe Energy Corporation (“TransGlobe”) on October 13, 2022. The process of completing the preliminary purchase price allocation and reviewing the consolidation of TransGlobe's results into VAALCO's financial statements requires additional time.

VAALCO Energy Announces Intent to File Form 12b-25 and Temporarily Delay Its Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

HOUSTON, March 09, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the Company is scheduled to participate in the 35th Annual Roth Conference to be held in Dana Point, California from March 12-14, 2023.  George Maxwell, Chief Executive Officer and Ron Bain, Chief Financial Officer 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 at www.vaalco.com in the “Investor Relations” section on the “Presentations” page prior to the event.

VAALCO Energy Announces Participation in the 35th Annual Roth Conference

Investors need to pay close attention to VAALCO Energy (EGY) stock based on the movements in the options market lately.

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Vaalco Energy (EGY) possesses solid growth attributes, which could help it handily outperform the market.

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HOUSTON, Feb. 24, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has received exemptive relief from the applicable Canadian securities authorities regarding future filing requirements. VAALCO became a reporting issuer in each of the provinces of Canada by virtue of its business combination with TransGlobe in October 2022, which made it subject to Canadian continuous disclosure and other reporting obligations under applicable Canadian securities laws.

VAALCO Energy Receives Exemptive Relief from Canadian Securities Authorities Regarding Future Canadian Filings

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HOUSTON, Feb. 14, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) announced today that the Company has increased its quarterly cash dividend to $0.0625 per share of common stock for the first quarter of 2023 ($0.25 annualized), which is payable March 31, 2023, to stockholders of record at the close of business on March 24, 2023. The Company also provided an operational update including fourth quarter production, sales and capital spending.

VAALCO Energy, Inc. Declares Increased Dividend and Provides Operational Update

The independent energy firm VAALCO Energy, Inc. acquires, develops, and produces crude oil and natural gas. Oil prices are declining as supply grows and demand declines.

Vaalco Energy: Hold On, The Industry Is Reshaping

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HOUSTON, Dec. 09, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today provided an operational update including additional information on the North Tchibala 2H-ST well.

VAALCO Energy, Inc. Provides Operational Update

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The combination of VAALCO and TransGlobe Energy was completed in October 2022. VAALCO is diversifying into secondary recovery in Egypt with the transaction.

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News for VAALCO Energy Stock (EGY)