HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)) ("Vaalco" or the "Company") today reported operational and financial results for the third quarter of 2024. Third Quarter 2024 Highlights and Recent Key Items: Grew net revenue interest ("NRI")(2) sales to 2,134,000 barrels of oil equivalent ("BOE"), or 23,198 barrels of oil equivalent per day ("BOEPD"), toward the upper end of guidance; and 20% above the second quarter of 2024 due to additional Côte d'Ivoire liftings;Reported Q3 2024 net income of $11.0 million ($0.10 per diluted share) and Adjusted Net Income(1) of $7.9 million ( $0.08 per diluted share);Increased Adjusted EBITDAX(1) by 28% to $92.8 mi

HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)) ("Vaalco" or the "Company") today declared its quarterly cash dividend of $0.0625 per share of common stock for the fourth quarter of 2024 ($0.25 annualized), which is payable on December 20, 2024, to stockholders of record at the close of business on November 22, 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 Officer, commented, "We are pleased to announce our fourth quarter 2024 dividend which is underpinned by our ongoing operational and financial succes

HOUSTON, Oct. 24, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("Vaalco" or the "Company") today announced the timing of its third quarter 2024 earnings release and conference call. The Company will issue its third quarter 2024 earnings release on Monday, November 11, 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 Tuesday morning, November 12, 2024 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time and 3:00 p.m. London Time.) Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participat

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today reported operational and financial results for the second quarter of 2024.  Second Quarter 2024 Highlights and Recent Key Items: Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB ("Svenska") for a net purchase price of $40.2 million; Updated third-party reserve engineer's calculation of proved reserves as of December 31, 2023 for Svenska that shows significant increase of SEC proved reserves to 16.9 million barrels of oil equivalent ("MMBOE") (93% oil);Realized a $19.9 million bargain purchase gain on the transaction; Reported strong Q2 2024

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") declared its quarterly cash dividend of $0.0625 per share of common stock for the third quarter of 2024 ($0.25 annualized), which is payable on September 20, 2024, to stockholders of record at the close of business on August 23, 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 Officer, commented, "We are pleased to announce our third quarter 2024 dividend which is strongly supported by our ongoing operational and financial succe

HOUSTON, July 26, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today announced the timing of its second quarter 2024 earnings release and conference call. The Company will issue its second quarter 2024 earnings release on Tuesday, August 6, 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 Wednesday morning, August 7, 2024 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time and 4:00 p.m. London Time.) Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participat

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today reported operational and financial results for the first quarter of 2024.  First Quarter 2024 Highlights and Recent Key Items: Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB ("Svenska") for a net purchase price of $40.2 million; Following the planned shutdown for maintenance in April, the Baobab field is back on production with a current rate in excess of 5,000 VAALCO working interest ("WI")(1) barrels of oil equivalent per day ("BOEPD") (99% oil);Strategically expands West African focus area with a sizeable producing asset that has signifi

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") declared its quarterly cash dividend of $0.0625 per share of common stock for the second quarter of 2024 ($0.25 annualized), which is payable on June 21, 2024, to stockholders of record at the close of business on May 17, 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 Officer, commented, "Our ongoing strong operational and financial success has allowed us to continue returning cash to our shareholders through a dividend. We paid

HOUSTON, April 25, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today announced the timing of its first quarter 2024 earnings release and conference call. The Company will issue its first quarter 2024 earnings release on Tuesday, May 7, 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 Wednesday morning, May 8, 2024 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time and 4:00 p.m. London Time.) Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participate toll-

HOUSTON, March 13, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") 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 ("FY") 2023 net income of $60.4 million ($0.56 per diluted share) and net cash from operating activities of $223.6 million;Generated record Adjusted EBITDAX(1) of $280.4 million and $119.7 million of Free Cash Flow ("FCF")(1) in FY 2023;Returned $50.3 million or 42% of FCF to shareholders in 2023 through di

HOUSTON, April 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Group") today announced that it has issued its 2023 Sustainability Report, which is now available on VAALCO's web site, www.vaalco.com, within the Sustainability section. The report covers VAALCO's environmental, social and governance ("ESG") initiatives and related key performance indicators for the financial year 2023. During 2023, the business greatly enhanced its leadership team, appointing new Group-level heads of function to centralize accountability and to set global standards, processes and plans for the business that align with industry best practices. Furthermore, the appoint

CALGARY, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. ("STEP") is pleased to announce the appointment of Mr. Edward LaFehr as an independent director of STEP's board of directors, effective November 1, 2023. Mr. LaFehr has 40 years of experience in the energy industry managing large and complex onshore and offshore E&P assets. He currently serves as a director of Vaalco Energy, Inc. (NYSE:EGY), a position he has held since Vaalco's combination with TransGlobe Energy in October 2022; Mr. LaFehr was appointed to TransGlobe Energy's board in March 2019. Mr. LaFehr previously served as the president and chief executive officer of Baytex Energy Corporation for six years.

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. The report covers VAALCO's ESG initiatives and related key performance indicators for the three-year period 2019 through 2021. In the preparation of the qualitative and quantitative information and data, the Company continued to consult the Sustainability Accounting Standards Board's ("SASB") Oil and Gas Exploration and Production Sustainability Accounting Standard, and this year took a mor

HOUSTON, June 21, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") announced that its Board of Directors has named Ronald Bain as Chief Financial Officer effective June 21, 2021. Mr. Bain has over 25 years of oil industry experience in a variety of financial roles and has significant capital markets experience. As previously stated, the Board believes that enhancing the Company's corporate presence in London, the primary financial and advisory hub for African energy companies, will augment the experience within VAALCO's leadership and complement the Company's supportive equity shareholder base in the U.S. The European market is an important e

HOUSTON, March 18, 2021 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that Elizabeth Prochnow, its Chief Financial Officer, has elected to retire effective March 31, 2021. Ms. Prochnow’s departure is not related to any issues regarding strategy, financial disclosures, accounting or legal matters, or any disagreements with management or the Board.   The Company has initiated an executive search to fill the Chief Financial Officer position. Following Ms. Prochnow’s retirement, Jason J. Doornik, VAALCO’s Chief Accounting Officer and Controller, will serve as principal financial officer until a new Chief Financial Officer has been nam

Key highlights: Updated SEC net proved reserves as of December 31, 2023 of 16.9 million barrels of oil equivalent ("MMBOE") (93% oil), significantly higher than previous 1P working interest ("WI") CPR reserves of 13.0 MMBOE (99% oil) as of October 1, 2023; Increased 2P WI CPR reserves as of December 31, 2023 to 22.5 MMBOE (93% oil) from 21.7 MMBOE (97% oil) estimate; and Significant further upside identified from contingent resources at the Baobab field with Best Estimate Working Interest Contingent Resources ("2C") of 20.4 MMBOE.   George Maxwell, VAALCO's Chief Executive Officer commented, "We are very pleased with the results of our third-party reserve engineer's calculation of pr

Roth MKM analyst John White maintains VAALCO Energy (NYSE:EGY) with a Buy and raises the price target from $7.25 to $8.

Highlights: Safely and successfully drilled, completed and brought online four long lateral wells in Canada; All wells were 2.75 mile lateral development wells; Strong initial production rates of approximately 500 barrels of oil per day ("BOPD") for three of the four wells, with production of approximately 350 BOPD for the fourth well, prior to the well being shut in for a regulatory required pressure build up; Average cycle time for the four wells was about 65 days from rig release to first production; and Strategically targeting an appraisal well in the third quarter of 2024 in the Company's Southern acreage

VAALCO Energy (NYSE:EGY) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.04 by 50 percent. This is a 14.29 percent decrease over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $100.155 million which beat the analyst consensus estimate of $55.338 million by 80.99 percent. This is a 24.57 percent increase over sales of $80.403 million the same period last year.

As of April 10, 2024, three stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Shell plc (NYSE:SHEL) Shell, last week, updated its first quarter FY24 operational outlook, reflecti

As of March 26, 2024, three stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Archrock, Inc. (NYSE:AROC) On Feb. 20, Archrock posted better-than-expected quarterly sales. The com

VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))))) ("VAALCO" or the "Company") today announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement ("JOA") related to the previously approved Venus-Block P Plan of Development ("POD"). The Block P Production Sharing Contract ("PSC") provides for a development and production period of 25 years from the date of approval of the POD.

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 100 points on Thursday. The Dow traded down 0.35% to 38,905.20 while the NASDAQ fell 0.13% to 16,156.28. The S&P 500 also fell, dropping, 0.25% to 5,152.46. Check This Out: Tesla To $165? Here Are 10 Top Analyst Forecasts For Thursday   Leading and Lagging Sectors   Energy shares jumped by 0.8% on Thursday. In trading on Thursday, real estate shares fell by 2.4%.   Top Headline   Dick’s Sporting Goods Inc (NYSE:DKS) reported better-than-expected fourth-quarter results and issued strong guidance. Dick’s Sporting Goods reported fourth-quarter FY23 sales growth of 7.8% year-on-year to $3

Shares of Limbach Holdings, Inc. (NASDAQ:LMB) fell sharply during Thursday’s session after the company reported fourth-quarter financial results and issued FY24 revenue guidance below estimates. Limbach said it sees FY24 revenue of $510 million to $530 million, versus market estimates of $541.1 million. Limbach shares dipped 14.7% to $42.42 on Thursday. Here are some other stocks moving in today's mid-day session. Gainers Aptorum Group Limited (NASDAQ:APM) shares climbed 91% to $8.27. Presto Automation Inc. (NASDAQ:PRST) shares jumped 65.2% to $0.3715 after jumping 15% on Wednesday. Cheer Holding, Inc. (NASDAQ:CHR) surged 43.3% to $3.77 following full year 2023 financial results.