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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TransGlobe Energy

Calgary, Alberta--(Newsfile Corp. - September 14, 2022) - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") is pleased to note the reports issued by a leading proxy advisor, Institutional Shareholder Services ("ISS") and its unanimous recommendation that its institutional clients vote FOR the proposed business combination of TransGlobe and VAALCO Energy, Inc.

ISS Recommends TransGlobe Shareholders Vote FOR The Proposed Business Combination with VAALCO Energy, Inc.

HOUSTON, Sept. 02, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that Michael Silver, its Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer, has advised of his intention to leave VAALCO to pursue other interests. Mr. Silver will remain with the Company for a transitional period to facilitate consummation of the proposed arrangement with TransGlobe Energy Corporation. The Company has launched an executive search to find a replacement for the position.

VAALCO Energy, Inc. Announces Change in Senior Leadership

Calgary, Alberta--(Newsfile Corp. - September 1, 2022) - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") is pleased to announce that it has filed the management information circular ("Information Circular") and related meeting materials (together with the Information Circular, "Meeting Materials") in relation to the proposed business combination (the "Arrangement") of TransGlobe and VAALCO Energy, Inc. (NYSE: EGY) (LSE: EGY) ("VAALCO") to create a world-class African-focused E&P company.

TransGlobe Energy Corporation Announces Filing of Management Information Circular for Proposed Business Combination with VAALCO Energy, Inc.

HOUSTON, Sept. 01, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: “EGY”; LSE: “EGY”) ("VAALCO" or the "Company") is pleased to announce that it has filed and mailed its definitive proxy statement in connection with the previously announced combination with TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe”).

VAALCO Energy Announces Filing and Mailing of Definitive Proxy Statement in Connection With Strategic Business Combination With TransGlobe

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HOUSTON, Aug. 15, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY), a Delaware corporation ("VAALCO"), today announced that its Board of Directors has set the record date for a special meeting of its stockholders to consider and vote on its proposed strategic business combination transaction with TransGlobe Energy Corporation (TSX: TGL; Nasdaq: TGA; AIM: TGL), an Alberta corporation (“TransGlobe”), whereby VAALCO Energy Canada ULC, an Alberta unlimited liability company and an indirect wholly-owned subsidiary of VAALCO (“AcquireCo”) will acquire all of the issued and outstanding TransGlobe common shares pursuant to a plan of arrangement (the “arrangement”) with TransGlobe becoming a direct wholly-owned subsidiary of AcquireCo and an indirect wholly-owned subsidiary of VAALCO.

VAALCO Energy, Inc. Sets Record Date for Special Meeting

VAALCO Energy, Inc. (NYSE:EGY ) Q2 2022 Earnings Conference Call August 11, 2022 10:00 AM ET Company Participants Al Petrie - IR, George Maxwell - CEO Ron Bain - CFO Conference Call Participants William Dezellem - Tieton Capital Operator Good day, and welcome to the VAALCO Energy Second Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

VAALCO Energy, Inc. (EGY) CEO George Maxwell on Q2 2022 Results - Earnings Call Transcript

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Vaalco Energy (EGY) delivered earnings and revenue surprises of -24.64% and 3.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Vaalco Energy (EGY) Q2 Earnings Miss Estimates

Reports Net Income of $15.1 Million, or $0.25 per Diluted Share, Adjusted Net Income of $30.7 Million, or $0.52 per Diluted Share and Adjusted EBITDAX Increases to $60.8 Million, Up 81% From First Quarter 2022 Reports Net Income of $15.1 Million, or $0.25 per Diluted Share, Adjusted Net Income of $30.7 Million, or $0.52 per Diluted Share and Adjusted EBITDAX Increases to $60.8 Million, Up 81% From First Quarter 2022

VAALCO Energy, Inc. Announces Second Quarter 2022 Results

While higher oil prices are likely to have boosted VAALCO Energy's (EGY) profit levels in the second quarter, escalation in costs might have played spoilsport.

Is VAALCO (EGY) Poised for a Robust Q2 Earnings Performance?

The attached re-issued release contains additional required disclosures relating to the planned post-closing dividend associated with the proposed transaction with TransGlobe.

CORRECTING AND REPLACING - VAALCO Energy Declares Quarterly Dividend

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATIONBelow, repeated in full, is an update announcement released by VAALCO Energy Inc. ("VAALCO") in connection with the proposed arrangement between the Company and VAALCO.Houston, Texas and Calgary, Alberta--(Newsfile Corp. - August 8, 2022) - VAALCO Energy, Inc.

VAALCO Announces Board Approved Share Buy-Back Post Closing and Provides Update on Transformational Transaction

HOUSTON, Aug. 03, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today provided an update on the South Tchibala 1HB-ST well, as well as updated full year production guidance.

VAALCO Energy Provides Operational Update

HOUSTON, Aug. 02, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its second quarter 2022 earnings release and conference call.

VAALCO Schedules Second Quarter 2022 Earnings Release and Conference Call

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VAALCO Energy announced a stock-for-stock merger with TransGlobe Energy. The target and acquirer were cheaply priced relative to their fundamentals, but the synergies from the deal appear elusive.

VAALCO Energy: The Merger News Wiped Out $50 Million

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The merger between VAALCO Energy Inc. (EGY) and TransGlobe is likely to create an African-focused exploration and production company.

VAALCO (EGY),TransGlobe to Merge in $307 Million Transaction

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Is Vaalco Energy (EGY) a Great Value Stock Right Now?

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NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of TransGlobe Energy Corporation (NasdaqCM: TGA) to VAALCO Energy, Inc. (NYSE: EGY). Under the terms of the proposed transaction, shareholders of TransGlobe will receive 0.6727 of a VAALCO share for each share of TransGlobe that they own. KSF is seeking to determine whether this consideration and the process that

TRANSGLOBE ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of TransGlobe Energy Corporation - TGA

NEW YORK , July 14, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of VAALCO Energy, Inc. ("VAALCO" or the "Company") (NYSE: EGY), in connection with the Company's proposed acquisition of TransGlobe Energy Corporation ("TransGlobe") (NASDAQ: TGA). Under the merger agreement, the Company will acquire each TransGlobe share for 0.6727 of a VAALCO common share, leaving VAALCO shareholders owning approximately 54.5% and TransGlobe shareholders owning approximately 45.5% of the combined company upon closing of the transaction.

SHAREHOLDER ALERT: Weiss Law Investigates VAALCO Energy, Inc.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the merger of VAALCO Energy, Inc. (NYSE: EGY) and TransGlobe Energy Corporation is fair to VAALCO shareholders. Under the terms of the merger, VAALCO will acquire each TransGlobe share for 0.6727 of a VAALCO share of common stock. Halper Sadeh encourages VAALCO shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060

News for VAALCO Energy Stock (EGY)