Welcome to our dedicated page for Vaalco Energy news (Ticker: EGY), a resource for investors and traders seeking the latest updates and insights on Vaalco Energy stock.
Vaalco Energy Inc (NYSE: EGY) maintains this dedicated news hub for tracking official announcements and operational developments across its international oil and gas operations. Access timely updates including quarterly earnings disclosures, strategic acquisitions, production milestones, and reserve expansion initiatives from the Houston-based energy producer.
This resource serves investors and industry observers seeking comprehensive coverage of Vaalco's upstream activities in Gabon, Egypt, and Equatorial Guinea. All content is sourced directly from company filings and verified industry publications to ensure reliable tracking of exploration progress, partnership developments, and regulatory updates affecting key assets.
Regular updates will include:
• Financial performance reports and investor communications
• Field development updates from operational segments
• Strategic partnership announcements
• Resource reserve certifications
• Executive leadership changes
Bookmark this page for efficient monitoring of Vaalco's progress in optimizing hydrocarbon recovery through advanced drilling technologies and international asset management. Check back regularly for unfiltered access to the company's latest operational and financial disclosures.
- Secured a new revolving credit facility with $190 million initial commitment, expandable to $300 million - Reduced 2025 capital expenditure guidance by 10% without impacting production - Acquired 70% working interest in CI-705 block offshore Côte D'Ivoire - Declared $0.0625 quarterly dividend payable June 27, 2025
Q1 2025 financial highlights show total revenue of $110.3 million, down 9% from Q4 2024. Production expenses increased to $44.7 million, up 23% from previous quarter, primarily due to Gabon government audit settlements and higher chemical costs.
VAALCO Energy (NYSE: EGY) has declared a quarterly cash dividend of $0.0625 per share for Q2 2025, equivalent to an annualized dividend of $0.25. The dividend will be paid on June 27, 2025, to stockholders of record as of May 23, 2025.
This marks VAALCO's 14th consecutive quarterly dividend. CEO George Maxwell emphasized the company's commitment to maintaining a sustainable dividend program despite ongoing investment activities and commodity price volatility.
VAALCO Energy (NYSE: EGY) has announced additional details for its upcoming Capital Markets Day scheduled for May 14, 2025. The event will run from 8 a.m. to 10 a.m. Central Time (2 p.m. to 4 p.m. London Time) and will be accessible via webcast to shareholders, analysts, and institutional investors.
The presentation agenda will feature key management discussions focusing on:
- Technical analysis of VAALCO's portfolio
- Updates on major investment projects
- Finance and capital management strategy
- Company's 3-5 year strategic outlook
Interested participants can access the webcast through VAALCO's website at www.vaalco.com under the "Investors" section, with a replay available after the event.
VAALCO Energy (NYSE: EGY; LSE: EGY) has announced its upcoming first quarter 2025 earnings release and conference call schedule. The company will release its Q1 2025 financial results on Thursday, May 8, 2025 after the New York Stock Exchange closes.
A conference call to discuss the results is scheduled for Friday, May 9, 2025 at:
- 9:00 a.m. Central Time
- 10:00 a.m. Eastern Time
- 3:00 p.m. London Time
Investors can join the call through various toll-free numbers:
- United States: (833) 685-0907
- United Kingdom: 08082389064
- International: (412) 317-5741
Participants should request to join the "VAALCO Energy Earnings Conference Call." The call will be webcast on www.vaalco.com, with an audio replay available on the website afterward.
VAALCO Energy (NYSE: EGY; LSE: EGY) has announced an upcoming live investor presentation scheduled for April 17, 2025. The event will feature CEO George Maxwell and CFO Ron Bain, beginning at 10 a.m. British Summer Time (4 a.m. Central Time).
The presentation will be accessible to all current and potential shareholders through the Investor Meet Company platform. Participants can submit questions before the event until April 16, 2025, 09:00 BST, or during the live presentation.
Investors can register for free at the Investor Meet Company platform to participate. The presentation will also be available on VAALCO's website under the Investors section, with an archived version accessible after the event.
VAALCO Energy (NYSE: EGY; LSE: EGY) has announced its upcoming Capital Markets Day presentation scheduled for May 14, 2025, from 8 a.m. to 12 p.m. Central Time (2 p.m. London Time). The event will showcase presentations from key management members, focusing on the company's long-term vision and growth strategy across its diverse, multi-country asset portfolio.
The presentation, aimed at shareholders, analysts, and institutional investors, will be webcast live through Vaalco's website with materials available in the Investors section. A replay will be archived post-event.
CEO George Maxwell highlighted that following four years of successful management and significant inorganic growth, Vaalco has multiple development projects across its expanded portfolio. These initiatives are expected to enhance production, reserves, and cash flow generation, offering investors insights into the company's Africa-focused growth strategy.
VAALCO Energy (NYSE: EGY) reported strong Q4 and full-year 2024 financial results, with Q4 net income of $11.7 million ($0.11 per share) and Adjusted EBITDAX of $76.2 million. Full-year 2024 highlights include:
- Net income of $58.5 million ($0.56 per share)
- Record Adjusted EBITDAX of $303.0 million
- 7% year-over-year production growth to 19,936 NRI BOEPD
- 57% increase in year-end SEC proved reserves to 45.0 MMBOE
The company completed the Svenska acquisition for $40.2 million, achieving 1.8x payback in eight months. VAALCO secured a new $190 million revolving credit facility (expandable to $300 million) and plans a 2025 capital budget of $270-330 million for drilling campaigns in Etame, FPSO refurbishment in Côte d'Ivoire, and continued drilling in Egypt and Canada. The company aims to return over $25 million to shareholders through dividends in 2025.
VAALCO Energy (NYSE: EGY) has secured a new revolving credit facility with an initial commitment of $190 million, expandable to $300 million through a $110 million accordion. The facility is led by The Standard Bank of South Africa with participation from Rand Merchant Bank, The Mauritius Commercial Bank , and Glencore Energy UK
Key terms include a six-year term with amortization beginning September 30, 2026. The facility bears interest at 6.5% plus SOFR until the completion of the Côte d'Ivoire FPSO Dry Dock Refurbishment Project, after which it decreases to 6.0% plus SOFR. The facility is secured by VAALCO's assets in Gabon, Egypt, and Côte d'Ivoire.
This new facility replaces the company's existing undrawn revolving credit facility from Glencore Energy UK and aims to supplement internally generated cash flow for planned investment programs across its diversified asset base.
VAALCO Energy (NYSE: EGY; LSE: EGY) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, March 13, 2025, after the New York Stock Exchange trading closes. The company will host a conference call to discuss financial and operational results on Friday, March 14, 2025, at 10:00 a.m. Central Time.
Participants can join the earnings call through various toll-free numbers: US participants can dial (833) 685-0907, UK participants can dial 08082389064, and other international participants can dial (412) 317-5741. The call will also be available via webcast on VAALCO's website, with an audio replay accessible afterward.
VAALCO Energy (NYSE: EGY) has acquired a 70% working interest and operatorship in the CI-705 block offshore Côte d'Ivoire for $3 million. The block, spanning approximately 2,300 km² in the Tano basin, is situated 70 km west of VAALCO's CI-40 Block and 60 km from ENI's Calao discovery.
The CI-705 block features water depths ranging from zero to 2,500 meters and has been lightly explored with three wells drilled to date. Through a commercial carry arrangement, VAALCO will maintain a 100% paying interest while partnering with Ivory Coast Exploration Oil & Gas SAS and PETROCI.
The company plans to conduct detailed geological analysis to assess both oil and natural gas prospects, including seismic reprocessing and interpretation, with the potential to drill up to two exploration wells.
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