Last $7.54 USD
Change Today -0.77 / -9.27%
Volume 1.3M
EGY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

vaalco energy inc (EGY) Snapshot

Open
$8.12
Previous Close
$8.31
Day High
$8.12
Day Low
$7.52
52 Week High
08/25/14 - $9.67
52 Week Low
11/1/13 - $5.03
Market Cap
429.5M
Average Volume 10 Days
1.8M
EPS TTM
$0.81
Shares Outstanding
57.0M
EX-Date
07/22/09
P/E TM
9.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for VAALCO ENERGY INC (EGY)

vaalco energy inc (EGY) Related Bloomberg News

View More Bloomberg News

vaalco energy inc (EGY) Related Businessweek News

No Related Businessweek News Found

vaalco energy inc (EGY) Details

VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company owns producing properties and conducts exploration activities as an operator of consortiums internationally in Gabon and Angola, as well as conducts exploration activities as a non-operator in Equatorial Guinea, West Africa. It also acts as the operator of unconventional and conventional resource properties in the United States, located in Montana, South Dakota, and North Texas; and owns minor interests in conventional production activities as a non-operator. The company owns a 30.35% interest in the exploration acreage within the Etame Marin block; 28.1% interest in the development areas in and surrounding the Etame, Avouma, South Tchibala, and Ebouri fields; a 50% working interest in Mutamba Iroru block with an exploration area of approximately 270,000 acres located onshore near the coast in central Gabon; and a 40% working interest in Block 5 with approximately 1.4 million acres offshore, Angola. In addition, it owns a 31% working interest in Block P located offshore Equatorial Guinea; 640 and 480 acre leases in the Granite Wash formation in North Texas; a 70% working interest in approximately 5,200 acres in Sheridan County, Montana; a 65% working interest in approximately 22,000 gross acres in Roosevelt County, Montana; and a 100% working interest in approximately 10,000 acres in Harding County, South Dakota. VAALCO Energy, Inc. was founded in 1984 and is headquartered in Houston, Texas.

111 Employees
Last Reported Date: 03/13/14
Founded in 1984

vaalco energy inc (EGY) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $378.1K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $723.7K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $533.8K
Executive Vice President
Total Annual Compensation: $470.1K
Compensation as of Fiscal Year 2013.

vaalco energy inc (EGY) Key Developments

Vaalco Energy Inc. Enters into the Subsequent Exploration Phase on Block 5 Offshore Angola

VAALCO Energy Inc. announced that the company has entered into the Subsequent Exploration Phase ('SEP') on Block 5 offshore Angola together with its working interest partner, Sonangol P&P. The SEP extends the exploration license for an additional three year period such that the new expiry date for exploration activities is November 30, 2017. The SEP requires the Company and its partner to acquire a 3D seismic program covering six hundred square kilometers and to drill two additional exploration wells. The seismic obligation has been satisfied with a seismic program already completed covering 1,058 square kilometers over the outboard portion of the block. By entering the SEP, the Company is now required to drill a total of four exploration wells during the exploration extension period. The four well obligation includes the two well commitment under the primary exploration period that carries over to the SEP period. A ten million dollar assessment (five million dollars net to VAALCO) applies to each of the four commitment exploration wells, if any, that remain undrilled at the end of the exploration period in 2017.

Vaalco Energy, Inc. Announces Appointment of Andrew L. Fawthrop to its Board of Directors, Effective November 1, 2014

VAALCO Energy Inc. announced the appointment of Andrew L. Fawthrop to the company's Board of Directors, effective November 1, 2014. Mr. Fawthrop will stand for re-election at the company's 2015 Annual Meeting of Shareholders.Most recently, until his retirement in 2014, Mr. Fawthrop served as Chairman and Managing Director for Chevron Nigeria.

VAALCO Energy, Inc. Announces Commencement of New Six Well Drilling Campaign Offshore Gabon

VAALCO Energy Inc. announced the commencement of a new six well drilling campaign offshore Gabon on its Etame Marin block. The development drilling campaign follows the recent on-schedule installation of the Etame platform and the Southeast Etame/North Tchibala platform. All work on this project was accomplished without a safety or environmental incident. All six wells in the current drilling campaign are development wells and VAALCO has spudded the first well, Etame 8-H, using the contracted Transocean constellation II jack-up rig. The constellation II rig will be used to drill two additional development wells (Etame 9-H and 10-H), each targeting the Gamba sand formation in the Etame field, where VAALCO has been producing oil since 2002 utilizing subsea wells. First oil production from the Etame 8-H well is expected in December 2014. The constellation II will be mobilized to drill three additional development wells from the SEENT platform, beginning with a well to be drilled in the Southeast Etame field where the company drilled a successful exploration well in 2010. The remaining two development wells in the six well campaign will target Dentale sand formations in the North Tchibala field. The newly installed Etame and SEENT platforms are each equipped with eight well slots to provide for the option to drill up to five additional development wells from each platform after the completion of the current six well drilling campaign.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
EGY:US $7.54 USD -0.77

EGY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Abraxas Petroleum Corp $4.04 USD -0.09
Approach Resources Inc $9.75 USD -0.48
Faroe Petroleum PLC 90.00 GBp +0.50
Goodrich Petroleum Corp $9.44 USD -0.08
Mart Resources Inc C$1.12 CAD -0.01
View Industry Companies
 

Industry Analysis

EGY

Industry Average

Valuation EGY Industry Range
Price/Earnings 9.3x
Price/Sales 2.4x
Price/Book 1.6x
Price/Cash Flow 6.2x
TEV/Sales 1.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact VAALCO ENERGY INC, please visit www.vaalco.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.