(Alliance News) - Vaalco Energy Inc on Tuesday said it received a notice from the New York Stock Exchange that it did not file its 2022 results on time under form 10-K. Read More
Vaalco Energy Inc - Houston, Texas-based company engaged in hydrocarbon exploration - Reports net income of USD51.9 million for 2022, down from USD81.8 million in 2021, while adjusted net income amounts to USD104.3 million, up significantly from USD39.6 million. Says total production expenses increase to USD107.9 million compared to USD72.6 million in 2021, driven by higher sales and costs associated with the TransGlobe combination as well as inflationary pressures in 2022. Net income for the fourth quarter is USD17.8 million, down from USD34.4 million a year earlier. Declares a quarterly cash dividend of USD0.063 per share for 2023, up from USD0.325 per share a year prior. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Vaalco Energy Inc - Houston, Texas-based company engaged in hydrocarbon exploration - Expects to file annual report for 2022 after the original due date of March 16. Says process of completing the preliminary purchase price allocation and reviewing the consolidation of TransGlobe's results into its financial statements requires additional time. Transglobe acquisition was completed in October 2022. Read More
Vaalco Energy Inc - oil and gas producer in west and north Africa and Canada - Reports fourth quarter production of 18,175 working-interest barrels of oil equivalent per day, or around 14,200 net-revenue-interest boepd. Says this was within its fourth quarter guidance range and was helped by strong Egypt production, though slightly offset by delayed Gabon well timing and related lower-than-expected flow rates. Full-year production increases by 43% year-on-year to 10,150 net-revenue-interest boepd. Increases quarterly cash dividend by 92% to USD0.0625 from USD0.325. Says drilling programmes will continue in Canada and Egypt in the first quarter of 2023. Read More
Vaalco Energy Inc - Houston, Texas-based oil and natural gas company focusing on west and north Africa and western Canada - Says its indirect wholly-owned subsidiary TransGlobe Energy Corp terminates lending facility with ATB Financial regarding TransGlobe Energy's revolving Canadian reserves-based lending facility. As of June 4, borrowing base was set at CAD22.5 million, GBP13.7 million. Says no amounts were drawn on the revolving loan facility as of Monday. Says the termination of the facility does not affect Vaalco Energy's USD50.0 million senior secured reserve-based revolving credit facility with Glencore Energy UK Ltd, which remains in force as of Friday. Read More
(Correcting that the Exxon Mobil portfolio acquisition was completed by Savannah Energy PLC.) Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Friday not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Vaalco Energy Inc - Houston, Texas-based hydrocarbon explorer - Canadian courts give final approval for proposed business combination with TransGlobe Energy Corp. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Vaalco Energy Inc - Houston, Texas-based exploration and production in West Africa - On Tuesday says drilling of the North Tchibala 2H-ST well in the Etame field offshore Gabon was successful. Says it encountered almost 100 metres gross Dentale pay sands, exceeding expectations. Vaalco expects a "stabilized flow rate by the end of October". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Vaalco Energy Inc - Houston, Texas-based exploration and production in West Africa - Posts surging quarterly profit and revenue as it benefits from a surge in oil and gas prices. Pretax profit in the second quarter jumps to USD61.4 million from USD8.7 million a year ago. Revenue grows to USD111.0 million from USD47.0 million. Net income stands at USD15.1 million compared to USD5.9 million a year ago. Read More
Vaalco Energy Inc - Houston, Texas-based exploration and production in West Africa - Announces quarterly dividend and share buyback ahead of its planned all-share merger with Calgary, Alberta-based TransGlobe Energy Corp. Vaalco declares dividend for financial third quarter of USD0.0325 per share and affirms plan to nearly double its annualised dividend to USD0.25 following the TransGlobe merger, which was announced last month. Also announces USD30 million share buyback, which is conditional on the merger being completed. Read More