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

Creating a Diversified African-Focused E&P Business Supporting Sustainable Growth and Stockholder ReturnsTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATIONHouston, Texas and Calgary, Alberta--(Newsfile Corp. - July 14, 2022) - VAALCO Energy, Inc. (NYSE: EGY) (LSE: EGY) ("VAALCO") and TransGlobe Energy Corporation (TSX: TGL) (NASDAQ: TGA) (AIM: TGL) ("TransGlobe") (VAALCO and TransGlobe together, the "Combined Company") announced today that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which VAALCO will acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination...

Business Combination of VAALCO and TransGlobe

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HOUSTON, July 07, 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 that was successfully drilled and completed from the Avouma platform in the Etame field, offshore Gabon, as well as additional operational information regarding its activities in Gabon.

VAALCO Energy Announces Successful Completion of South Tchibala 1HB-ST Well and Provides Operational Update

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Vaalco Energy (EGY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Vaalco Energy (EGY) Moves 15.6% Higher: Will This Strength Last?

Vaalco Energy is a West African crude oil play. Those are two noteworthy risks. But once we look beyond those two elements, Vaalco is probably going to report somewhere around $150 to $200 million of free cash flow over the next twelve months.

Vaalco: Oil Play, Priced At Less Than 3x Free Cash Flow

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.

What Makes Vaalco Energy (EGY) a Good Fit for "Trend Investing"

HOUSTON, June 20, 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 8th Annual Roth London Conference to be held in London, United Kingdom on June 21-23, 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 on June 22.  Institutions interested in meeting with management while at the 8th Annual Roth London Conference should contact corporateaccess@roth.com to coordinate a meeting time.

VAALCO Energy to Participate in 8th Annual Roth London Conference June 22nd

HOUSTON, June 14, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced today it is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell Indexes Annual Reconstitution, according to a preliminary list of additions posted by FTSE Russell on June 3, 2022. Inclusion in the index will take effect after the U.S. market opens on June 27, 2022.

VAALCO Energy Set to Join Russell 3000® Index

HOUSTON, June 09, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has issued its 2021 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 2021 Environmental, Social and Governance Report

Vaalco's growth program continues to drive production upwards. EGY is not impacted by ESG concerns and regulation to a significant degree.

Drill Baby Drill: Vaalco Energy

HOUSTON, June 02, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced the successful drilling of the South Tchibala 1HB-ST well that was drilled from the Avouma platform in the Etame field, offshore Gabon.

VAALCO Energy Announces Successful Drilling of South Tchibala 1HB-ST Well

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HOUSTON, May 18, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced entry into a new credit agreement, effective May 16, 2022, for a new five-year Reserve Based Lending (“RBL”) facility with Glencore Energy UK Ltd. (“Glencore”) that includes an initial commitment of $50 million and is expandable up to $100 million.

VAALCO Energy Announces New Five Year, $50 Million Reserve Based Lending Facility Providing Additional Financial Flexibility

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Investors should continue buying the dip in energy stocks. OVV, OXY, or EGY stocks could be good investments in this sector.

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VAALCO Energy, Inc. (NYSE:EGY ) Q1 2022 Results Conference Call May 4, 2022 10:00 AM ET Company Participants Al Petrie - IR George Maxwell - CEO Ron Bain - CFO Conference Call Participants John White - ROTH Capital Charlie Sharp - Canaccord Stephane Foucaud - Auctus Jamie Willin - Willin Management Kenneth Pounds - Castlebury Advisory Richard Dearnley - Longport Partners Robert Carlson - Janney Operator Good morning, and welcome to the VAALCO Energy First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

VAALCO Energy, Inc. (EGY) CEO George Maxwell on Q1 2022 Results - Earnings Call Transcript

Vaalco Energy (EGY) delivered earnings and revenue surprises of 16.67% and 24.15%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Vaalco Energy (EGY) Q1 Earnings and Revenues Surpass Estimates

Reports Net Income of $12.2 Million, or $0.20 per Diluted Share Reports Net Income of $12.2 Million, or $0.20 per Diluted Share

VAALCO Energy, Inc. Announces First Quarter 2022 Results

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

Will Higher Crude Price Boost VAALCO (EGY) Q1 Earnings?

HOUSTON, April 27, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its first quarter 2022 earnings release and conference call.

VAALCO Schedules First Quarter 2022 Earnings Release and Conference Call

News for VAALCO Energy Stock (EGY)