VAALCO Energy Inc. today announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement related to the previously approved Venus-Block P Plan of Development . The Block P Production Sharing Contract provides for a development and production period of 25 years from the date of approval of the POD. George Maxwell, VAALCO's Chief Executive [...]
VAALCO Energy Inc. today reported operational and financial results for the fourth quarter and full year of 2023. The Company also provided 2024 operational and financial guidance for the first quarter and full year of 2024. 2023 Full Year Highlights: Reported full year 2023 net income of $60.4 million and net cash from operating activities of $223.6 million; Generated record Adjusted EBITDAX of $280.4 million and $119.7 [...]
VAALCO Energy Inc. today announced that the Company is scheduled to participate in the 36th Annual Roth Conference to be held in Dana Point, California from March 17-19, 2024. Ronald Bain, Chief Financial Officer and Edward Cozens, Vice President of Commercial and Strategic Planning will participate in the Conference and host one-on-one meetings with investors during the event. An updated investor presentation will be [...]
VAALCO Energy Inc. today announced the timing of its fourth quarter and full year 2023 earnings release and conference call. The Company will issue its fourth quarter 2023 earnings release on Wednesday, March 13, 2024 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Thursday morning, March 14, 2024 at 10:00 a.m. Central Time Interested [...]
VAALCO Energy Inc. today announced that it has entered into a sales and purchase agreement to acquire Svenska Petroleum Exploration AB , a privately-held exploration and production company based in Stockholm, Sweden . Svenska's primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d'Ivoire in West Africa. The gross consideration for the Acquisition is [...]
The Board of Directors of VAALCO Energy Inc. notes the recent media speculation in Africa Intelligence and confirms that the Company is in discussions with the owner of Svenska Petroleum Exploration AB regarding a possible debt-free corporate transaction to acquire Svenska whose primary asset is a 27.39% interest in Block CI-40, offshore Cote d'Ivoire, which has current working interest production of approximately 4,500 [...]
VAALCO Energy Inc. declared its quarterly cash dividend of $0.0625 per share of common stock for the first quarter of 2024 , which is payable on March 28, 2024, to stockholders of record at the close of business on March 8, 2024. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO's Chief Executive [...]
VAALCO Energy Inc. today provided an operational and financial update with production and sales volumes for the fourth quarter and full year of 2023 as well as its increased cash and cash equivalents balance as of December 31, 2023. Highlights and Key Items: Continued solid operational performance in Gabon, Egypt and Canada drove production and sales volumes in Q4 2023; Recorded full year 2023 sales volumes of 23,900 to [...]
VAALCO Energy Inc. today reported operational and financial results for the third quarter of 2023. Third Quarter 2023 Highlights and Key Items: Achieved production of 18,844 net revenue interest barrels of oil equivalent per day , at the higher end of guidance, driven by operational uptime in Gabon and continued drilling success in Egypt; Working interest production of 24,430 BOEPD also at higher end of guidance range [...]
VAALCO Energy Inc. declared its quarterly cash dividend of $0.0625 per share of common stock for the fourth quarter of 2023 , which is payable on December 21, 2023, to stockholders of record at the close of business on November 24, 2023. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, VAALCO's Chief [...]
VAALCO Energy Inc. today announced the timing of its third quarter 2023 earnings release and conference call. The Company will issue its third quarter 2023 earnings release on Tuesday, November 7, 2023 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Wednesday morning, November 8, 2023 at 10:00 a.m. Central Time Interested parties in [...]
VAALCO Energy Inc. today provided an operational and financial update, including production and sales volumes for the third quarter 2023 and its increased cash and cash equivalents balance as of September 30, 2023. Highlights and Key Items: Strong operational performance in Gabon, Egypt and Canada continued to drive robust production and sales volumes in Q3 2023; Produced nearly 19,000 net revenue interest barrels of oil [...]
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