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Last $1.43 USD
Change Today -0.02 / -1.38%
Volume 579.2K
EGY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

vaalco energy inc (EGY) Snapshot

Open
$1.44
Previous Close
$1.45
Day High
$1.49
Day Low
$1.38
52 Week High
08/25/14 - $9.67
52 Week Low
07/17/15 - $1.22
Market Cap
83.4M
Average Volume 10 Days
1.1M
EPS TTM
$-0.13
Shares Outstanding
58.3M
EX-Date
07/22/09
P/E TM
--
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 in the United States. 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 resource properties in North Texas and a lease hold in Montana; and owns minor interests in conventional production activities as a non-operator. The company has interests in 28,700 gross acre offshore block in Gabon, 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 50% working interest in approximately 11,000 net acres in Roosevelt County, Montana; minor interests in Brazos County, Texas; and non-operated interests in the Gulf of Mexico and in Pickens County, Alabama. VAALCO Energy, Inc. was founded in 1984 and is headquartered in Houston, Texas.

113 Employees
Last Reported Date: 03/16/15
Founded in 1984

vaalco energy inc (EGY) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $895.0K
Chief Financial Officer
Total Annual Compensation: $502.3K
Executive Vice President
Total Annual Compensation: $411.5K
Consultant
Total Annual Compensation: $720.2K
Compensation as of Fiscal Year 2014.

vaalco energy inc (EGY) Key Developments

VAALCO Energy, Inc. Announces Strong Production Results From Southeast Etame Development Well

VAALCO Energy Inc. announced that the Southeast Etame 2-H well, the first development well drilled in the Southeast Etame Field, was brought online at the rate of approximately 3,400 barrels of oil per day (approximately 850 barrels per day net to VAALCO). The well was drilled to a measured depth of approximately 14,012 feet, targeting a new reservoir that was discovered by an exploration well drilled by VAALCO in 2010. It is producing from the Gamba formation which is the source of all other VAALCO production in the Etame Marin permit area but the first production from this new, previously- unproduced field. The Etame 2-H well is not producing any formation water or hydrogen sulfide (H2S), has a flowing tubing pressure of 1,080 PSI, and is producing at the lowest setting on the ESP (electrical submersible pump). The combination of reservoir pressure that is at original conditions, productivity equivalent to or greater than other nearby Gamba development wells and the low setting being utilized on the ESP confirm the strength of this well. VAALCO plans to continue to produce the well at the current rate to monitor wellhead and downhole pressure and to optimize fluid throughput at the recently commissioned production facilities on the platform. This is the first well drilled and placed on production at VAALCO's new Southeast Etame/North Tchibala (SEENT) platform that is located in approximately 260 feet of water offshore Gabon. VAALCO is the operator of the Etame Marin permit area and owns a 28.1% working interest. The Transocean Constellation II jackup rig has been moved to a second slot on the same platform to drill the North Tchibala 1-H well that is targeting the Dentale formation in another previously-unproduced field (North Tchibala), that was discovered and delineated by prior wells but has not been placed on production.

Vaalco Energy Inc. Appoints Cary Bounds as Chief Operating Officer, Effectively From July 06, 2015

Vaalco Energy Inc. announced that appointment of Cary Bounds as Chief Operating Officer effective July 6, 2015. Mr. Bounds is a petroleum engineer and has almost 25 years of domestic and international asset management, business development, planning and technical engineering experience at large, multinational energy companies as well as at mid-sized and larger independent E&P companies. From 2010 until joining VAALCO, Mr. Bounds was employed with Noble Energy where he held upstream positions in international assets management, including Business Unit Manager, Equatorial Guinea Assets, and Country Manager, North Sea.

Vaalco Energy Inc.(NYSE:EGY) dropped from Russell 2000 Index

Vaalco Energy Inc. will be removed from Russell 2000 Index

 

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Price/Sales 0.7x
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TEV/Sales 0.2x
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