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VAALCO Energy Inc (EGY.N)

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Latest Key Developments (Source: Significant Developments)

Vaalco Energy Q2 earnings per share $0.04 from continuing operations
Tuesday, 8 Aug 2017 09:55pm EDT 

Aug 8 (Reuters) - Vaalco Energy Inc :Vaalco Energy announces second quarter 2017 results.Q2 earnings per share $0.04 from continuing operations.Produced an average of 4,363 barrels of oil per day (bopd) in q2 of 2017.  Full Article

Vaalco provides operational update
Thursday, 20 Jul 2017 04:45pm EDT 

July 20 (Reuters) - Vaalco Energy Inc :Vaalco provides operational update.Vaalco Energy Inc - ‍on July 18, electrical submersible pump (esp) in South Tchibala 2-H well failed, resulting in well being temporarily shut-in​.Working to mobilize a hydraulic workover unit to move onto avouma platform and replace ESP system in well.Vaalco Energy says does not plan to change annual production guidance as result of shut-ins due to ESP failure or annual maintenance turnaround.Vaalco Energy - Does not plan to change annual production guidance at time as result of shut-ins due to ESP failure or annual maintenance turnaround.Vaalco Energy says South Tchibala 2-H well was producing about 1,300 barrels of oil per day gross, or 390 net to co, prior to being shut-in - SEC Filing.Vaalco Energy Inc - Is working to replace ESP system in well, which is expected to be back on production by Q4 2017​.Vaalco Energy Inc - ‍Recently completed its planned 2017 maintenance turnaround for Etame Marin FPSO and four platforms​.  Full Article

Vaalco Energy announces oil and natural gas sales for Q1 of $21.3 mln
Monday, 8 May 2017 04:45pm EDT 

May 8 (Reuters) - Vaalco Energy Inc :Vaalco Energy, Inc. announces first quarter 2017 results.Q1 earnings per share $0.07 from continuing operations.Says total oil and natural gas sales for Q1 of 2017 were $21.3 million, compared to $11.0 million.Vaalco Energy Inc - In Q1 of 2017, production increased 26% from 3,682 bopd in Q4 of 2016 to 4,622 bopd for gabon and equatorial guinea.Vaalco Energy Inc - Reported Q1 2017 production expense of $20.44 per barrel of oil.  Full Article

Vaalco Energy announces additional funding from the IFC
Thursday, 16 Mar 2017 04:53pm EDT 

Vaalco Energy Inc : Vaalco Energy announces additional funding from the ifc . Vaalco Energy Inc - international finance corporation approved vaalco's formal request to borrow $4.12 million of additional funds . Vaalco Energy-supplemental agreement amended existing loan agreement with ifc, converting revolving portion of credit facility to term loan with $15 million outstanding . Vaalco Energy Inc - vaalco received approval from ifc on march 14, 2017 and expects to receive funds on or before march 31, 2017 . Vaalco Energy Inc - borrowed funds will provide added financial flexibility and facilitate execution of vaalco's corporate strategy .Vaalco Energy-supplemental agreement amended existing loan agreement with ifc, providing co could request additional $5 million of borrowings.  Full Article

VAALCO Energy Q4 loss per share $0.06 from continuing operations
Monday, 13 Mar 2017 06:35pm EDT 

VAALCO Energy Inc : Vaalco energy, inc. Announces fourth quarter and full year 2016 results . Q4 loss per share $0.06 from continuing operations . Vaalco energy inc- average realized price for crude oil in q4 of 2016 was $46.62 per barrel, up 19% from $39.18 per barrel in q4 of 2015 . Vaalco energy inc - qtrly average daily production volumes 3,682 boe/day versus 4,876 boe/day .Vaalco energy inc- total oil and natural gas sales for q4 of 2016 were $15.3 million, compared to $17.5 million for same period in 2015.  Full Article

Avouma 2-H well on Avouma Platform offshore Gabon is back on production
Thursday, 5 Jan 2017 06:45am EST 

Vaalco Energy Inc : Avouma 2-H well on Avouma Platform offshore Gabon is back on production .Well is currently producing at a stabilized rate of 2,700 barrels of oil per day (BOPD) gross, or 730 BOPD net to Vaalco.  Full Article

VAALCO Energy says South Tchibala 2-H well back on production
Wednesday, 21 Dec 2016 04:30pm EST 

VAALCO Energy Inc : VAALCO Energy Inc says well is currently producing at a stabilized rate of 1,600 barrels of oil per day gross, or 430 bopd net to VAALCO . VAALCO Energy -South Tchibala 2-H well back on production after utilizing hydraulic workover unit to replace failed electrical submersible pump system .VAALCO Energy - detailed inspection of failed ESPs is underway to determine cause of failures and results from inspections are expected in Q1 of 2017.  Full Article

Vaalco Energy says resumes production at Avouma Well
Thursday, 25 Aug 2016 05:37pm EDT 

Vaalco Energy Inc : Vaalco Energy announces resumption of production at avouma well . Secondary electric submersible pump in avouma 2-h well on avouma platform offshore gabon in etame marin permit was recently started . 2-H well on Avouma Platform offshore gabon in etame marin permit is now producing "at a stable rate" .Lower pump was started last week,performance is stable with well producing about 1,850 bopd gross or 450 bopd net to vaalco.  Full Article

Vaalco Energy reports Q2 earnings per share $0.00
Monday, 8 Aug 2016 04:30pm EDT 

Vaalco Energy Inc : Vaalco Energy Inc announces second quarter 2016 results . Q2 earnings per share $0.00 . Qtrly net production expense excluding workovers of $18.16 per BOE of sales, down 5 pct compared with $19.08 per BOE in Q2 of 2015 . Qtrly oil and gas sales $18.9 million versus $27.1 million last year .Says Q2 revenue positively impacted by higher oil prices compared to Q1 primarily due to increases in the dated Brent market price.  Full Article

Vaalco to buy additional 3.23 pct participating interest in Etame Marin Permit
Monday, 1 Aug 2016 04:30pm EDT 

Vaalco Energy Inc : Vaalco energy announces acquisition of additional working interest in the etame marin permit offshore gabon . Signed a purchase and sale agreement to acquire an additional 3.23% participating interest in Etame marin permit .Intends to fund acquisition with additional $5 million loan capacity available under new term loan agreement.  Full Article

BRIEF-Vaalco Energy Q2 earnings per share $0.04 from continuing operations

* Produced an average of 4,363 barrels of oil per day (bopd) in q2 of 2017 Source text for Eikon: Further company coverage: