ROTH Capital downgraded Vaalco Energy from Buy to Neutral
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SC 13G/A - VAALCO ENERGY INC /DE/ (0000894627) (Subject)
SC 13G/A - VAALCO ENERGY INC /DE/ (0000894627) (Subject)
SC 13G/A - VAALCO ENERGY INC /DE/ (0000894627) (Subject)
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
10-Q - VAALCO ENERGY INC /DE/ (0000894627) (Filer)
8-K - VAALCO ENERGY INC /DE/ (0000894627) (Filer)
8-K - VAALCO ENERGY INC /DE/ (0000894627) (Filer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
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
4 - VAALCO ENERGY INC /DE/ (0000894627) (Issuer)
HOUSTON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY)) ("Vaalco" or the "Company") today announced its participation in an investor event hosted by Water Tower Research ("WTR") on Tuesday, November 19, 2024 at 11:00 a.m. Eastern (10:00 a.m. central and 4 p.m. London). As part of WTR's ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead a conversation with George Maxwell, Vaalco's Chief Executive Officer and Director to discuss the Company's preliminary plans for future development and exploration across Vaalco's portfolio in the coming years. Topics will include: The planned drilling program in Gabon;Cote D'Ivoire FPSO maintenan
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, 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
Stifel initiated coverage of Vaalco Energy with a rating of Buy
ROTH Capital upgraded Vaalco Energy from Neutral to Buy
Roth Capital downgraded VAALCO Energy from Buy to Neutral and set a new price target of $4.00