Last $4.84 USD
Change Today -0.11 / -2.22%
Volume 959.3K
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vaalco energy inc (EGY) Snapshot

Open
$5.00
Previous Close
$4.95
Day High
$5.01
Day Low
$4.69
52 Week High
08/25/14 - $9.67
52 Week Low
12/16/14 - $4.02
Market Cap
279.5M
Average Volume 10 Days
896.7K
EPS TTM
$0.82
Shares Outstanding
57.7M
EX-Date
07/22/09
P/E TM
5.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for VAALCO ENERGY INC (EGY)

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vaalco energy inc (EGY) Details

VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company owns producing properties and conducts exploration activities as an operator of consortiums internationally in Gabon and Angola, as well as conducts exploration activities as a non-operator in Equatorial Guinea, West Africa. It also acts as the operator of unconventional and conventional resource properties in the United States, located in Montana, South Dakota, and North Texas; and owns minor interests in conventional production activities as a non-operator. The company owns a 30.35% interest in the exploration acreage within the Etame Marin block; 28.1% interest in the development areas in and surrounding the Etame, Avouma, South Tchibala, and Ebouri fields; a 50% working interest in Mutamba Iroru block with an exploration area of approximately 270,000 acres located onshore near the coast in central Gabon; and a 40% working interest in Block 5 with approximately 1.4 million acres offshore, Angola. In addition, it owns a 31% working interest in Block P located offshore Equatorial Guinea; 640 and 480 acre leases in the Granite Wash formation in North Texas; a 70% working interest in approximately 5,200 acres in Sheridan County, Montana; a 65% working interest in approximately 22,000 gross acres in Roosevelt County, Montana; and a 100% working interest in approximately 10,000 acres in Harding County, South Dakota. VAALCO Energy, Inc. was founded in 1984 and is headquartered in Houston, Texas.

111 Employees
Last Reported Date: 03/13/14
Founded in 1984

vaalco energy inc (EGY) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $378.1K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $723.7K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $533.8K
Executive Vice President
Total Annual Compensation: $470.1K
Compensation as of Fiscal Year 2013.

vaalco energy inc (EGY) Key Developments

VAALCO Energy, Inc. Announces Strong Results of the Etame 10-H Well

VAALCO Energy Inc. announced first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, offshore Gabon. The horizontal development well was drilled to a Measured Depth (MD) of 3,144 meters while intersecting over 180m of high quality reservoir within an oil-bearing portion of the Gamba Sand. Following completion operations, the well was tested at the rate of approximately 3,200 BOPD on a gross basis with negligible amounts of water and no hydrogen sulfide (H2S). The well is currently being produced at approximately 3,000 BOPD.

Vaalco Energy Inc. - Special Call

To discuss the results of the recently completed Etame 8-H development well and the company's ongoing drilling campaign offshore Gabon

Vaalco Energy Inc. Announces Well Results At Etame Field

Vaalco Energy Inc. announced the completion of the Etame 8-H, the first development well drilled from the newly installed Etame platform, offshore Gabon. The Etame 8-H was drilled to a Measured Depth (MD) of 3196 meters and penetrated the Gamba Sand reservoir interval at 1820 meters True Vertical Depth (TVD), contacting 135 meters MD of high quality reservoir within the oil-bearing portion of the Gamba sand. Additionally, the wellbore encountered the current Oil-Water Contact (OWC) at 1829 meters TVD, resulting in a 9 meters vertical oil column. VAALCO subsequently shut in Etame 8-H as the well was determined to be producing hydrogen sulfide (H2S) during the initial testing process. Investigations are underway to ascertain the root cause of the H2S and develop a plan to produce the reserves in a timely manner. The contracted jack up rig, the Transocean Constellation II has been moved onto the next location to drill adevelopment well (designated the Etame 10-H), which is expected to spud this week. The well is targeting the Gamba sand formation in the 1-V fault block in the Etame field, where VAALCO has been producing oil since 2002 utilizing subsea wells. The 1V fault block, which lies south of the main Etame reservoir, has never encountered H2S. The Etame 9-H well, which was to be the third well in the Etame platform campaign, and which is located in the same fault block as Etame 8-H, will be reevaluated in light of the recent results. After drilling the Etame 10-H, the Constellation II will be mobilized to drill three additional development wells from the Southeast Etame/N. Tchibala, SEENT platform, beginning with a well to be drilled to Gamba formation in the Southeast Etame field where the Company drilled a successful exploration well in 2010. The remaining two development wells drilled from the SEENT platform will target Dentale sand formations in the North Tchibala field.

 

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Price/Earnings 5.9x
Price/Sales 1.7x
Price/Book 1.0x
Price/Cash Flow 4.0x
TEV/Sales 0.8x
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