VAALCO Energy, Inc. declared that its Board of Directors has determined to redeem the rights issued under the Company’s stockholder rights plan. This follows the Board’s previously announced decision to submit the plan for ratification at the Company’s 2009 Annual Meeting. For full story, click here
Crude oil explorer Vaalco Energy, Inc. News declared a loss in the first quarter, compared to a profit last year, reflecting heavy unsuccessful exploration costs and a significant dip in crude oil prices. For full story, click here
Vaalco Energy, Inc. posted Q3 earnings. The net income was $22.3 mn or $0.38 per diluted share compared to $8.8 mn or $0.15 per diluted share for the comparable period in 2007. Robert L. Gerry, III, Chairman & CEO, said: Vaalco ‘s strong third quarter results reflect higher oil prices and crude volumes, as well [...]
VAALCO Energy, Inc. said that Gregory R. Hullinger has been named Chief Financial Officer of the Company, who will succeed W. Russell Scheirman. Gregory R. Hullinger said: I am extremely pleased to be joining VAALCO at this exciting time of growth and opportunity as we execute on the Company’s drilling program and drive value for VAALCO shareholders. For [...]
Informing about its drilling and exploration program, VAALCO said currently it has six producing wells in offshore Gabon, West Africa: four in its Etame field and two in the Avouma / Tchibala fields. For full story, click here For VAALCO Energy’s website, click here
VAALCO reported that it has finished the installation of the production platform at its Ebouri field in offshore Gabon, West Africa. Robert L. Gerry, III, Chairman and CEO, said: We are making good progress in bringing production online and exploring new opportunities for growth. For more information, click here
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