VAALCO ENERGY


Associated tags: Vaalco Energy, LSE, NYSE, Conference, Cryptocurrency

Locations: HOUSTON, TX, US, EGY, TELI, EQUATORIAL GUINEA, GABON, EGYPT, CANADA, EUROPEAN UNION, UK, UNITED STATES, ALBERTA, COLORADO

VAALCO Energy, Inc. Declares Quarterly Dividend

Retrieved on: 
Tuesday, May 7, 2024
Vaalco Energy

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.

Key Points: 
  • 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 $0.13 per share in 2022, $0.25 per share in 2023 and with this declaration, we are on track to deliver another $0.25 per share in 2024.

VAALCO Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Thursday, April 25, 2024
Vaalco Energy, Central Time, Conference, Interest

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.

Key Points: 
  • 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.
  • Participants should ask to be joined to the “VAALCO Energy First Quarter 2024 Conference Call.” This call will also be webcast on VAALCO’s website at www.vaalco.com .

VAALCO Energy, Inc. Announces Finalization of Agreements in Equatorial Guinea

Retrieved on: 
Monday, March 25, 2024
Venus, FEED, Government, Joint, Vaalco Energy, POD, Front-end engineering

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.

Key Points: 
  • 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.
  • George Maxwell, VAALCO’s Chief Executive Officer, commented, “With final documents for Block P signed, we are very excited to proceed with our plans to develop, operate, and begin producing from the discovery in Block P offshore Equatorial Guinea over the next few years.
  • We anticipate the completion of the FEED study will lead to an economic Final Investment Decision or “FID” which will enable the development of the Venus POD.
  • The Block P development will further enhance our portfolio by adding yet another strong producing asset to VAALCO’s global portfolio.

VAALCO Announces Participation in 36th Annual Roth Conference

Retrieved on: 
Tuesday, March 12, 2024
Vaalco Energy, Conference, Commercial

HOUSTON, March 12, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) 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.

Key Points: 
  • HOUSTON, March 12, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) 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 posted on the Company’s web site www.vaalco.com in the “Investor Relations” section on the “Presentations” page prior to the event.

VAALCO Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Retrieved on: 
Monday, March 4, 2024
Interest, Vaalco Energy, Central Time, Conference

HOUSTON, March 04, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced the timing of its fourth quarter and full year 2023 earnings release and conference call.

Key Points: 
  • HOUSTON, March 04, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) 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 (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.
  • Participants should ask to be joined to the “VAALCO Energy Fourth Quarter 2023 Conference Call.” This call will also be webcast on VAALCO’s website at www.vaalco.com .

VAALCO Energy, Inc. Announces Accretive All Cash Acquisition Expanding Its West African Footprint

Retrieved on: 
Thursday, February 29, 2024
Canadian Natural Resources, Acquisition, CPR, International, CNRL, Stifel, Growth, Svenska Petroleum Exploration AB, Transaction, Evercore, ExxonMobil, Vaalco Energy, History, Water, Presentation, OML, LLP, Hand, G&A, Sales, Effective date, FPSO, Oil

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.

Key Points: 
  • 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 $66.5 million, subject to customary closing adjustments, with an effective date of October 1, 2023.
  • Closing of the Acquisition is expected in the second quarter of 2024, with ultimate timing dependent on final receipt of all necessary approvals.
  • VAALCO currently estimates that the net cash due at closing will be in the range of approximately $30 to $40 million, dependent on timing.

VAALCO Response to Media Speculation

Retrieved on: 
Tuesday, February 27, 2024
Acquisition, Vaalco Energy, Hand, Svenska Petroleum Exploration AB

HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") notes the recent media speculation in Africa Intelligence and confirms that the Company is in discussions with the owner of Svenska Petroleum Exploration AB (“Svenska”) 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 barrels of oil equivalent per day net to Svenska.

Key Points: 
  • HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") notes the recent media speculation in Africa Intelligence and confirms that the Company is in discussions with the owner of Svenska Petroleum Exploration AB (“Svenska”) 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 barrels of oil equivalent per day net to Svenska.
  • Should the possible acquisition proceed, it is expected to be funded by cash on hand.
  • The possible acquisition is also expected to be subject to a number of customary closing conditions, including regulatory and government approvals.
  • There can be no assurance that a definitive agreement for the possible acquisition will be entered into or, if a definitive agreement is entered into, that the possible acquisition will proceed to completion, and the Company will issue a further statement as appropriate.

VAALCO Energy, Inc. Declares Quarterly Dividend

Retrieved on: 
Monday, February 26, 2024
Vaalco Energy, Hand, Holding company

HOUSTON, Feb. 26, 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 first quarter of 2024 ($0.25 annualized), which is payable on March 28, 2024, to stockholders of record at the close of business on March 8, 2024.

Key Points: 
  • HOUSTON, Feb. 26, 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 first quarter of 2024 ($0.25 annualized), 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 Officer, commented, “Our ongoing focus on operational excellence and enhancing the productivity of our diverse asset base has allowed us to continue returning cash to our shareholders through a dividend.
  • We paid $0.13 per share in 2022, $0.25 per share in 2023 and with this declaration, we are on track to deliver another $0.25 per share in 2024.