IN BRIEF: Vaalco Energy ups annual production and quarterly dividend
14th Feb 2023 13:44
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