secwatch.observer — SEC 8-K summary
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Issuer:     VAALCO ENERGY INC /DE/ (EGY)
CIK:        0000894627
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001437749-23-008838
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VAALCO reports preliminary FY2022 net income $49-55M; raises dividend 92% to $0.0625/qtr
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- FY2022 avg daily production 10,217 NRI BOEPD (+47% YoY); Q4 production 14,390 NRI BOEPD.
- Year-end 2022 SEC proved reserves 27.9 MMBOE (+149%); PV-10 value $624.5M (+529%).
- Increased quarterly dividend 92% to $0.0625/share ($0.25 annualized) for Q1 2023.
- FY2022 net income expected $49-55M; record Adjusted EBITDAX $186.6M.
- 2023 capex guidance $70-90M; $7.5M returned via buybacks since Nov 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894627/000143774923008838/0001437749-23-008838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894627/000143774923008838/egy20230330c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-008838

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer