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 26, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced the successful completion of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. The initial flow rate of the well was approximately 3,100 gross barrels of oil per day (“BOPD”), which was above VAALCO's internal expectations. This sidetrack well targeted existing high-quality Gamba hydrocarbons at the top of a structure that have not previously been produced by prior wells. This is the second successful well of VAALCO's 2021/2022 drilling campaign.

VAALCO Energy Announces Successful Avouma 3H-ST Development Well Placed on Production

HOUSTON, April 11, 2022 (GLOBE NEWSWIRE) -- The Company advises of a minor amendment to the Avouma 3H-ST Development Well issued this morning. The release referred to permeability of "one millidarcy", which should have read "one Darcy" as per the below.

CORRECTION -- VAALCO Energy Announces Successful Drilling of Avouma 3H-ST Development Well

HOUSTON, April 11, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced the successful drilling of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon.

VAALCO Energy Announces Successful Drilling of Avouma 3H-ST Development Well

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Vaalco Energy (EGY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Vaalco Energy (EGY) Is a Great Choice for "Trend" Investors, Here's Why

HOUSTON, March 23, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced that the Company contracted with DOF Subsea to perform subsea construction and installation services to support the subsea reconfiguration associated with the replacement of the existing Floating Production, Storage and Offloading unit (“FPSO”) with a Floating Storage and Offloading vessel (“FSO”) at the Etame field, offshore Gabon. DOF Subsea will provide all personnel, crew and equipment necessary to assist with reconfiguring the Etame field subsea infrastructure to flow field production to the replacement FSO. Engineering and design work in relation to the field infrastructure upgrade has been completed with subsea work planned to commence in July and be completed before the FSO is operational in September 2022, as previously disclosed.

VAALCO Energy Signs Contract to Support Subsea Reconfiguration and FSO Deployment at Etame Field

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Vaalco Energy (EGY) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Vaalco Energy (EGY): Strong Industry, Solid Earnings Estimate Revisions

HOUSTON, March 10, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced that the Company is scheduled to participate in the 34th Annual Roth Conference to be held in Dana Point, California on March 13-15, 2022. George Maxwell, Chief Executive Officer, and Ron Bain, Chief Financial Officer will host in-person one-on-one meetings with investors during the Conference. A slide deck prepared in conjunction with the Roth event will be posted on VAALCO's web site, www.vaalco.com, in the “Investor Relations” section of the site, under “News and Events” on Monday, March 14, 2022.

Vaalco Energy to Participate in the 34th Annual Roth Conference

VAALCO Energy, Inc. (EGY) CEO George Maxwell on Q4 2021 Results - Earnings Call Transcript

Vaalco Energy (EGY) delivered earnings and revenue surprises of 5% and 20.03%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Vaalco Energy (EGY) Surpasses Q4 Earnings and Revenue Estimates

Reports Net Income of $34.4 Million, or $0.58 Per Diluted Share in Fourth Quarter 2021 and 250% Growth in Proved SEC Reserves Reports Net Income of $34.4 Million, or $0.58 Per Diluted Share in Fourth Quarter 2021 and 250% Growth in Proved SEC Reserves

VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2021 Results and Provides 2022 Guidance

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Here's Why Momentum Investors Will Love Vaalco Energy (EGY)

If you are looking for stocks that are well positioned to maintain their recent uptrend, Vaalco Energy (EGY) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Vaalco Energy (EGY) is on the Move, Here's Why the Trend Could be Sustainable

HOUSTON, March 01, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today provided an update on the Etame field reconfiguration in conjunction with the replacement of the existing Floating Production, Storage and Offloading unit (“FPSO”) with a Floating Storage and Offloading vessel (“FSO”) offshore Gabon.

VAALCO Energy Provides Update on Etame Field Reconfiguration and FSO Deployment

HOUSTON, Feb. 07, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced the successful completion of the Etame 8H-ST development well that was drilled from the Etame platform in the Etame field, offshore Gabon. This sidetrack well targeted existing Gamba hydrocarbons in the field that have not previously been produced by prior wells and is the first well of VAALCO's 2021/2022 drilling campaign. The rig has now moved to the Avouma platform and will begin drilling the Avouma 3H-ST development well, the first of two planned development wells on this platform. Additionally, VAALCO provided an operational and financial update for some key metrics for the fourth quarter and full year 2021.

VAALCO Energy Announces Successful Etame 8H-ST Well Has Been Placed on Production and Provides Operational and Financial Update

Vaalco Energy (EGY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in Vaalco Energy (EGY): Can Its 8.6% Jump Turn into More Strength?

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HOUSTON, Jan. 31, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced that Fabrice Nze-Bekale was appointed as a new independent director to the Company's Board of Directors. Mr. Nze-Bekale will serve on the Audit, Compensation, Strategic and Nominating and Corporate Governance Committees. He will stand for election at the Company's next annual meeting of stockholders. Additionally, Bradley Radoff has resigned from the Board of Directors effective January 28, 2022.

VAALCO Energy Announces Changes to Its Board of Directors

HOUSTON, Jan. 28, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today declared its inaugural quarterly cash dividend of $0.0325 per share of common stock for the first quarter of 2022 ($0.13 annualized), which is payable March 18, 2022 to stockholders of record at the close of business on February 18, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

VAALCO Energy Declares Initial Quarterly Dividend

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HOUSTON, Dec. 29, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced the filing of a $150 million shelf registration statement on Form S-3 (the "Shelf Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC").

News for VAALCO Energy Stock (EGY)