VAALCO Energy, Inc.
Ticker(s):
EGY
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Business Overview
VAALCO Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, Cote d’Ivoire, and Canada. It holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa. The company also owns 100% interest in the Eastern Desert, which contains West Gharib, West Bakr and North West Gharib merged concessions covering as area of approximately 45,067 acres, as well as Western Desert, which contains the South Ghazalat concession covering as area of approximately 7,340 acres located in Egypt. In addition, it owns 27.4% non-operated working interest in CI-40 in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa. Further, the company production and working interests in Cardium light oil and Mannville liquids-rich gas assets covering as area of 49,100 gross acres and 28,900 gross acres of undeveloped land located near the north of Calgary, Alberta; and undeveloped portion of block offshore Equatorial Guinea. VAALCO Energy, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
Contact & Other Information
Number of Employees:
230
Website:
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VAALCO Energy, Inc. announced its fourth quarter and full year 2024 financial results, including net income of $11.7 million for Q4 and $58.5 million for the full year, along with 2025 guidance and continued shareholder returns through dividends and buybacks.