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Last $2.18 USD
Change Today -0.14 / -6.03%
Volume 703.5K
EGY On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

vaalco energy inc (EGY) Snapshot

Open
$2.25
Previous Close
$2.32
Day High
$2.33
Day Low
$2.18
52 Week High
08/25/14 - $9.67
52 Week Low
05/8/15 - $2.00
Market Cap
127.1M
Average Volume 10 Days
1.4M
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. Presents at 2015 Louisiana Energy Conference, Jun-11-2015 08:45 AM

Vaalco Energy Inc. Presents at 2015 Louisiana Energy Conference, Jun-11-2015 08:45 AM. Venue: Westin Canal Place Hotel, New Orleans, Louisiana, United States. Speakers: Gregory R. Hullinger, Chief Financial Officer.

Vaalco Energy Inc. Presents at RBC Capital Markets 2015 Global Energy and Power Executive Conference, Jun-01-2015

Vaalco Energy Inc. Presents at RBC Capital Markets 2015 Global Energy and Power Executive Conference, Jun-01-2015 . Venue: The Ritz Carlton Battery Park Hotel, New York, New York, United States. Speakers: Steven P. Guidry, Chairman and Chief Executive Officer.

Vaalco Energy Inc. Announces Consolidated Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015; Records Impairment Charges for the First Quarter of 2015

Vaalco Energy Inc. announced consolidated unaudited earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported oil and gas sales of $18,239,000 compared with $28,071,000 for the same period a year ago. Operating loss was $35,278,000 compared with $650,000 for the same period a year ago. Loss before income taxes was $35,640,000 compared with $912,000 for the same period a year ago. Net loss attributable to VAALCO Energy Inc. was $39,005,000 or $0.67 per basic and diluted share compared with $7,038,000 or $0.12 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $601,000 compared with $23,542,000 for the same period a year ago. Property and equipment expenditures was $28,070,000 compared with $24,751,000 for the same period a year ago. For the quarter, the company successfully drilled and completed two development wells on the new Etame platform, offshore Gabon. First production from the Etame 10-H and Etame 12-H wells occurred in February and April 2015, respectively. Increased offshore Gabon production capacity 30% since the fourth quarter of 2014 with the two new wells which are currently producing a combined total of 4,600 gross barrels of crude oil per day (BOPD) (1,100 BOPD net to the Company). Grew total production to 1,555,600 barrels of crude oil (Bbls) gross (380,000 Bbls net), up 6% compared to 1,370,000 Bbls gross (360,000 Bbls net) in the first quarter of 2014. Confirmed 25 million gross Bbls in place in the Etame 1-V fault block based on successful drilling at the new Etame platform. Mobilized the Transocean “Constellation II” jack up rig to begin development drilling at the new Southeast Etame/North Tchibala (SEENT) platform following completion of initial drilling at the Etame platform. For the quarter, the company recorded an impairment of proved properties of $5,399,000.

 

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Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.6x
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