HOUSTON, May 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has drilled, completed and brought onto production four wells in Canada. Highlights: Safely and successfully drilled, completed and brought online four long lateral wells in Canada; All wells were 2.75 mile lateral development wells; Strong initial production rates of approximately 500 barrels of oil per day (“BOPD”) for three of the four wells, with production of approxima ...

The top U.S. stock market indices continue to notch fresh highs, with the heightened enthusiasm surrounding potential interest rate cuts this year. Market analysts are pricing in a couple of rate cuts later this year of 25 basis points each. Moreover, we’re also seeing gold prices rally to all-time highs, signaling that rate cuts may be around the corner. Hence, amidst this positivity, it’s an excellent time to consider investing in high-potential penny stocks to buy. Wagering on the penny stocks to buy can ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 1-32167 VAALCO Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 76-027 ...

财务数据和关键指标变化 - 公司在第一季度实现了7.7百万美元的净收益,或每股0.07美元,并实现了61.7百万美元的经调整EBITDAX,这两项指标都超过了分析师的预期 [33] - 第一季度的产量和销量都处于较高水平,销量达到每天16,400桶油当量,接近指引的上限 [34] - 公司在4月30日完成了对Svenska公司的收购,这将从5月1日起对公司的业绩产生积极影响 [36] - 公司的生产成本和管理费用都控制在指引范围内,并且较上年同期有所下降 [37][38][39] - 公司第一季度的税率较高,达到74%,主要是由于税收油桶的重估和一些特殊项目的影响 [41][42] 各条业务线数据和关键指标变化 - 在加拿大,公司在第一季度完成了4口新井的钻探和完井,其中2口已经投产,另外2口将在本月内投产 [16][17] - 在加蓬,公司在2022年第四季度完成了上一轮钻井,2023年仅投入了少量维护性资本支出,产量保持稳定 [19][20] - 在埃及,公司在第一季度完成了6口井的修复作业,新增产量约800桶/天,帮助抵消了自然衰减 [13] 各个市场数据和关键指标变化 - 在科特迪瓦,公司完成了对Svenska公司的收购,这是一项高度增值的收购,将为公司带来额外的产量和储量 [9][10][11] - 在赤道几内亚,公司已完成了相关文件的签署,并将开展前期工程设计(FEED)研究,为最终投资决定做准备 [26][27] 公司战略和发展方向及行业竞争 - 公司正在积极寻找新的收购机会,以进一步丰富资产组合,提高可持续发展能力 [82][83] - 公司在埃及、加蓬和加拿大等地区都有新的钻井和开发计划,以增加产量和储量 [13][16][17][20][21][23][25] - 公司正在优化埃布里油田的生产,以解决高硫含量的问题,并在埃塔梅油田进行新的勘探和开发 [21][22][23][24][25] 管理层对经营环境和未来前景的评论 - 管理层认为公司已经建立了良好的信誉,过去两年来一直在交付承诺,未来几年也将继续保持强劲的业绩 [58][59][63] - 公司在财务和运营方面保持良好状态,有能力执行未来几年的资本支出计划 [55][56] - 公司将继续保持谨慎的资本配置策略,同时也会寻找新的增长机会 [82][83] 问答环节重要的提问和回答 问题1 **Chris Wheaton 提问** 询问了加拿大和科特迪瓦方面的资本支出增加情况 [66] **George Maxwell 和 Ron Bain 回答** 解释了加拿大新井的投资以及科特迪瓦FPSO改造和潜在钻井计划带来的资本支出增加 [67][68][69][70] 问题2 **Stephane Foucaud 提问** 询问了科特迪瓦未来产量和资本支出的预计情况 [74][75] **George Maxwell 和 Ron Bain 回答** 表示目前还无法准确预测,需要与作业方进一步沟通和评估,未来会提供更多信息 [76][77] 问题3 **Bill Dezellem 提问** 询问了公司未来收购计划和赤道几内亚项目进展情况 [81][82][85][89][90] **George Maxwell 和 Ron Bain 回答** 表示公司一直在关注潜在收购机会,但当前主要集中于优化现有资产;赤道几内亚项目正在推进FEED研究,为最终投资决定做准备 [83][84][89][90][91]

Exhibit 99.1 VAALCO ENERGY, INC. ANNOUNCES FIRST QUARTER 2024 RESULTS HOUSTON – May 7, 2024 - VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and financial results for the first quarter of 2024. First Quarter 2024 Highlights and Recent Key Items: ● Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB (“Svenska”) for a net purchase price of $40.2 million; ● Following the planned shutdown for maintenance in April, the Baobab field is ba ...

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today reported operational and financial results for the first quarter of 2024. First Quarter 2024 Highlights and Recent Key Items: Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB ("Svenska") for a net purchase price of $40.2 million; Following the planned shutdown for maintenance in April, the Baobab field is back on production with a current rate in excess of 5,000 ...

VAALCO Energy, Inc. (EGY) is set to release first-quarter results on May 7. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 2 cents per share on revenues of $91.2 million. Let’s delve into the factors that might have influenced the West Africa-focused oil and gas finder’s results in the March quarter. But it’s worth taking a look at EGY’s previous-quarter performance first. Highlights of Q4 Earnings & Surprise History In the last reported quarter, the Houston, TX-based int ...

Vaalco Energy (EGY) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On ...

HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today announced that it has closed the acquisition of Svenska Petroleum Exploration AB ("Svenska"), an exploration and production ("E&P") company based in Stockholm, Sweden (the "Acquisition"). As previously disclosed, Svenska's primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d'Ivoire in West Africa. Net purchase pric ...

HOUSTON, April 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Group") today announced that it has issued its 2023 Sustainability Report, which is now available on VAALCO's web site, www.vaalco.com, within the Sustainability section. The report covers VAALCO's environmental, social and governance ("ESG") initiatives and related key performance indicators for the financial year 2023. During 2023, the business greatly enhanced its leadership team, appointing new Group ...