Vaalco Energy Inc. (VAW)
XFRA 
Summary
VAW Chart
Vaalco Energy: Gabon Campaign Closes With A Small Success; Next Campaign Begins
Vaalco Energy completed its Gabon drilling campaign with a new well producing 2,000 BOPD. EGY's partnership with Canadian Natural Resources in Côte d'Ivoire is expected to materially boost production in fiscal 2027. Stronger commodity prices and recent discoveries position EGY for accelerated debt repayment and enhanced production growth.
VAALCO Energy Sees African Oil Deals as Majors Exit Mature Assets
Vaalco Energy NYSE: EGY outlined its approach to investing in African oil and gas assets, emphasizing established infrastructure, production-sharing contracts and opportunities created as major energy companies divest mature positions in favor of ultra-deepwater projects.
Vaalco Energy Q2 Earnings Call Highlights
Vaalco Energy NYSE: EGY reported second-quarter net income of $42.4 million, or $0.39 per diluted share, and adjusted EBITDAX of $54.8 million as higher sales volumes, improved pricing and lower exploration expense lifted results from the prior quarter.
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Vaalco Energy Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | George Walter-Mitchell Maxwell CEO | XFRA Exchange | 91851C201 CUSIP |
| US Country | 281 Employees | 21 Aug 2026 Last Dividend | 12 Feb 2003 Last Split | 29 Jan 1993 IPO Date |
Overview
VAALCO Energy, Inc. stands as a notable independent energy company actively involved in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company’s operations are strategically spread across several key regions including Gabon, Egypt, Equatorial Guinea, and Canada. Founded in 1985 and with its headquarters in Houston, Texas, VAALCO Energy has established itself as a significant player in the global energy market. Its portfolio includes the Etame Marin block located offshore in the Republic of Gabon in West Africa, and significant interests in the Eastern and Western Deserts of Egypt, alongside assets in Canada and an undeveloped block in Equatorial Guinea, West Africa.
Products and Services
- Etame Marin Block, Gabon:
VAALCO Energy holds a 58.8% interest in the Etame production sharing contract concerning the Etame Marin block, which spans approximately 46,200 gross acres offshore in the Republic of Gabon, West Africa. This key asset focuses on the exploration and production of crude oil in a region known for its significant oil reserves.
- Eastern Desert Concessions, Egypt:
In the Eastern Desert of Egypt, VAALCO Energy owns a 100% interest in territories that encompass the West Gharib, West Bakr, and North West Gharib merged concessions, covering an area of around 45,067 acres. Moreover, it possesses the Western Desert’s South Ghazalat concession, covering approximately 7,340 acres. These territories are primarily engaged in the exploration and production of crude oil, leveraging Egypt's rich oil reserves.
- Canadian Assets:
The company has investments in Canada, particularly in Cardium light oil and Mannville liquids-rich gas assets near Calgary, Alberta, covering an area of 47,400 gross acres. These assets contribute to VAALCO’s diverse portfolio by adding significant value through the production of light oil and liquids-rich gas.
- Equatorial Guinea Block:
VAALCO Energy also holds interests in an undeveloped block offshore Equatorial Guinea, West Africa. This region presents potential growth opportunities for the company, signaling its intention to explore and possibly develop new energy sources in diverse geographical regions.
Contact Information
