VAALCO Energy, Inc. (N:EGY)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEC
Company Contact
Address: 9800 Richmond Ave., Suite 700
HOUSTON TX 77042
Tel: N/A
Website: https://www.vaalco.com
IR: See website
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Key People
George Walter Mitchell Maxwell
Chief Executive Officer, Director 		Ronald Yeats Bain
Chief Financial Officer 		Thor Pruckl
Chief Operating Officer
Matthew R. Powers
Executive Vice President, General Counsel, Chief Compliance Officer, Corporate Secretary 		Jason J. Doornik
Chief Accounting Officer, Controller 		Lynn Willis
Interim Chief Accounting Officer and Controller
Business Overview
VAALCO Energy, Inc. is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids. The Company's segments include segments Gabon and Equatorial Guinea. It holds 58.8% participating interest in the Etame Marin block, located offshore Gabon in West Africa. The Etame Marin block covers an area of approximately 46,200 gross acres located 20 miles offshore in water depths of approximately 250 feet. The operations of all segments include exploration for and production of hydrocarbons where commercial reserves have been found and developed. The Company owns an interest in an undeveloped block offshore Equatorial Guinea, West Africa. The Company conducts its operating activities in Egypt, Canada, and offshore Gabon. In Egypt, its interests are spread across two regions: the Eastern Desert, which contains the West Gharib, West Bakr and Northwest Gharib merged concessions, and the Western Desert.
Financial Overview
For the fiscal year ended 31 December 2023, VAALCO Energy, Inc. revenues increased 28% to $455.1M. Net income applicable to common stockholders excluding extraordinary items increased 15% to $59.7M. Revenues reflect Egypt segment increase from $37.7M to $161M, Canada segment increase from $9.8M to $33.7M, Egypt segment increase from $37.7M to $161M, Canada segment increase from $9.8M to $33.7M.
Employees: 189 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $637.38M as of Dec 31, 2023
Annual revenue (TTM): $455.07M as of Dec 31, 2023
EBITDA (TTM): $281.44M as of Dec 31, 2023
Net annual income (TTM): $59.74M as of Dec 31, 2023
Free cash flow (TTM): $99.60M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 104,200,392 as of Mar 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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