Last $5.02 USD
Change Today -0.04 / -0.79%
Volume 570.6K
EGY On Other Exchanges
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vaalco energy inc (EGY) Snapshot

Open
$5.23
Previous Close
$5.06
Day High
$5.25
Day Low
$4.94
52 Week High
08/25/14 - $9.67
52 Week Low
12/16/14 - $4.02
Market Cap
289.9M
Average Volume 10 Days
885.5K
EPS TTM
$0.82
Shares Outstanding
57.7M
EX-Date
07/22/09
P/E TM
6.1x
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. Commences Drilling on Block 5 Offshore Angola

VAALCO Energy Inc. announced that on March 2, 2015, the company spudded the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola. As previously announced, VAALCO contracted the Transocean 'Celtic Sea' semi-submersible rig to drill the Kindele-1 well to a planned total depth of 2,250 meters in a water depth of approximately 100 meters. The Kindele-1 well will test a fault block adjacent to the Mubafo discovery which tested oil from the Mucanzo sand section within the Pinda group formations. The Kindele-1 will be drilled to a depth of 1,800 meters to evaluate the Mucanzo sand section. The well will then be deepened to the salt to an estimated depth of 2,250 meters for geologic and geophysical correlation. The well is expected to take approximately six weeks to drill to total depth. Additionally, the Company is nearing finalization of the seismic processing in the outboard portion of Block 5. The seismic processing is being performed to image pre-salt structures as potential targets for future exploration wells on Block 5.

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

 

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Valuation EGY Industry Range
Price/Earnings 6.2x
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Price/Book 1.1x
Price/Cash Flow 4.2x
TEV/Sales 0.9x
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