EnerCom is accepting applications from start-up companies focused on innovation in alternative energy, advanced oil and gas technology, environmental sustainability and carbon solutions to participate in The Energy Transition and Emerging Technology Session Registration for institutional investors, portfolio managers, financial analysts, CIOs, and others in the investment community is free EnerCom, Inc. is pleased to [...]
EnerCom Denver conference will kick off with the annual Charity Golf Tournament on Sunday, August 18th sponsored by conference Global Sponsor Netherland, Sewell & Associates Registration for institutional investors, portfolio managers, financial analysts, CIOs, and others in the investment community is free Limited presentation opportunities are available for E&P, Midstream, OFS, and Energy Transition companies EnerCom [...]
VAALCO Energy Inc. today announced its participation in an investor event hosted by Water Tower Research on June 4, 2024 at 11:00 a.m. Eastern . As part of WTR's ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead an in-depth conversation with George Maxwell, VAALCO's Chief Executive Officer and Director to discuss the Company's development portfolio and how it supports a sustainable plan to [...]
VAALCO Energy Inc. today announced that it has drilled, completed and brought onto production four wells in Canada. 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 for three of the four wells, with production of approximately 350 BOPD [...]
Register now for the 29th annual EnerCom Denver - The Energy Investment Conference featuring a diverse group of public and private energy companies at www.enercomdenver.com A growing list of companies has confirmed their participation, and additional companies are being added to the lineup daily Presentation opportunities are available for E&P, Midstream, OFS, and Energy Transition companies EnerCom, Inc. is pleased to [...]
VAALCO Energy Inc. 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 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 [...]
VAALCO Energy Inc. declared its quarterly cash dividend of $0.0625 per share of common stock for the second quarter of 2024 , 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 [...]
VAALCO Energy Inc. today announced that it has closed the acquisition of Svenska Petroleum Exploration AB , an exploration and production company based in Stockholm, Sweden . As previously disclosed, 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. Net purchase price of $40.2 million was fully funded by cash on [...]
VAALCO Energy Inc. 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 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 [...]
VAALCO Energy Inc. 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 Interested parties in the United [...]
VAALCO Energy Inc. today announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement related to the previously approved Venus-Block P Plan of Development . The Block P Production Sharing Contract provides for a development and production period of 25 years from the date of approval of the POD. George Maxwell, VAALCO's Chief Executive [...]
VAALCO Energy Inc. 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 2023 net income of $60.4 million and net cash from operating activities of $223.6 million; Generated record Adjusted EBITDAX of $280.4 million and $119.7 [...]