Vaalco Energy Inc  (EGY)
Other Ticker:  
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
Price: $4.4400 $-0.02 -0.448%
Day's High: $4.5399 Week Perf: 4.96 %
Day's Low: $ 4.43 30 Day Perf: 4.23 %
Volume (M): 571 52 Wk High: $ 5.19
Volume (M$): $ 2,535 52 Wk Avg: $4.30
Open: $4.50 52 Wk Low: $3.51

 Market Capitalization (Millions $) 473
 Shares Outstanding (Millions) 106
 Employees 104
 Revenues (TTM) (Millions $) 403
 Net Income (TTM) (Millions $) 34
 Cash Flow (TTM) (Millions $) 21
 Capital Exp. (TTM) (Millions $) 133

Vaalco Energy Inc
VAALCO Energy, Inc. is a Delaware corporation, incorporated in 1985 and headquartered at 9800 Richmond Avenue, Suite 700, Houston, Texas 77042. Our telephone number is (713) 623-0801 and our website address is www.vaalco.com.

We are an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. Our primary source of revenue has been from our Etame Production Sharing Contract (“Etame PSC”) related to the Etame Marin block located offshore the Republic of Gabon (“Gabon”) in West Africa. We also currently own interests in an undeveloped block offshore Equatorial Guinea, West Africa and undeveloped leasehold acreage in Montana.

Our strategy is to utilize our technical expertise and operational infrastructure, with a focus on extending our existing license in Gabon, further developing our Gabon resources and expanding into new development opportunities in West Africa. Crude oil prices began their rapid and significant decline in 2014 as the global oil supply began to outpace demand.

For operating segment and geographic financial information, see Note 15 to the Financial Statements. Our only reportable operating segments are Gabon, Equatorial Guinea and the United States.

Our most significant asset, which accounts for nearly 100% of our current revenues, is the Etame PSC, which we signed in 1995, relating to the Etame Marin block located offshore Gabon. The Etame Marin block covers an area of approximately 28,700 gross acres and consists of subsalt reservoirs that lie 20 miles offshore in water depths of approximately 250 feet. The Etame, Avouma/South Tchibala, Ebouri, Southeast Etame and North Tchibala fields are included in the block. Our working interest in the Etame Marin block is now 31.1%, and we operate it on behalf of a consortium of four companies (which we refer to as the “consortium”). The development is subject to a 7.5% back-in interest by the government of Gabon, which they have assigned to a third party.

Four of our wells are currently shut-in for safety and marketability reasons because of high levels of H2S found in their initial production. To re-establish and maximize production from the impacted areas, additional capital investment will be required, including the construction of one or more processing facilities capable of removing H2S, the recompletion of the temporarily abandoned wells and the potential drilling of additional wells. There are no alternatives deemed economic at current forecasted oil prices, but we believe economic alternatives are available should oil prices recover sufficiently. As of December 31, 2016, we had no proved reserves booked for the wells impacted by high levels of H2S.

   Company Address: 9800 Richmond Avenue Suite 700 Houston 77042 TX
   Company Phone Number: 623-0801   Stock Exchange / Ticker: NYSE EGY
   EGY is expected to report next financial results on April 05, 2024. Next quarterly dividend pay out on March 28, 2024.

Customers Net Income fell by EGY's Customers Net Profit Margin fell to

-41.23 %

11.9 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

5 Days Decrease / Increase
DVN        0.52% 
EOG        2.33% 
OXY        0.3% 
PXD        0.6% 
SWN        2.55% 
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Merger and Acquisition

VAALCO Energy, Inc Expands Global Footprint with Acquisition of Svenska Petroleum Exploration AB

Published Thu, Feb 29 2024 7:00 AM UTC

VAALCO Energy, Inc. Expands Global Footprint with Acquisition of Svenska Petroleum Exploration AB
HOUSTON, Feb. 29, 2024 - VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) made a significant move today with the announcement of their acquisition of Svenska Petroleum Exploration AB, a Stockholm-based exploration and production company. This acquisition includes Svenska's 27.39% n...

Merger and Acquisition

VAALCO Energy Inc. Explores Acquisition Opportunity with Svenska Petroleum Exploration AB amid Media Speculation

Published Tue, Feb 27 2024 1:36 PM UTC

VAALCO Energy Inc. in Talks for Potential Acquisition of Svenska Petroleum Exploration AB
HOUSTON, Feb. 27, 2024 - The Board of Directors of VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) announced that the company is currently in discussions with Svenska Petroleum Exploration AB for a potential debt-free corporate transaction. The primary asset under consideration is Svenska...


VAALCO Energy Declares Quarterly Dividend Reflecting Strong Financial Performance and Positive Industry Outlook

Published Mon, Feb 26 2024 7:00 AM UTC


HOUSTON, Feb. 26, 2024 - VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY), a leading independent energy company, has recently announced its quarterly cash dividend of $0.0625 per share of common stock for the first quarter of 2024. This equates to an annualized dividend of $0.25 per share. The dividend will be payable on March 28, 2024, to s...


VAALCO Energy Continues to Impress, Declares Dividend for Q4 2023

Published Tue, Nov 7 2023 7:00 AM UTC

Houston-based VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) has announced its fourth-quarter cash dividend of $0.0625 per share of common stock ($0.25 annualized), reinforcing the company's commitment to delivering shareholder value. This latest declaration follows a series of noteworthy achievements in the energy sector throughout 2023. With an impressive track record...

Vaalco Energy Inc

Despite Revenue Growth, Vaalco Energy Inc's Profits Plummeted by 85% in Q1 of 2023

Vaalco Energy Inc's recent financial results have been quite concerning for investors, with profits deteriorating even as revenue increased in the first quarter of 2023. Despite a double-digit increase of 17.11% in revenue to $80.40 million, the company's income fell sharply by 85% to just $0.03 per share. This represents a significant decline from the prior year's reporting period, where the company had reported an EPS of $0.17 per share and revenue of $96.59 million.
The net earnings of Vaalco Energy Inc in the first quarter of 2023 also fell by a staggering 71.47% from $12.164 million to just $3.470 million in the corresponding period last year. This indicates a worrying trend for the company's financial performance, which could be indicative of serious underlying issues that need to be addressed by management.


Vaalco Energy Inc's Segments
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