VAALCO Q3 production ~19,000 BOEPD at high end of guidance; cash doubles to >$100M

VAALCO ENERGY INC /DE/

Produced nearly 19,000 NRI BOEPD in Q3 2023, at the upper end of guidance (17,500-19,200).
Recorded sales of nearly 19,900 NRI BOEPD, at high end of guidance (18,400-20,600).
Cash and cash equivalents more than doubled to over $100 million as of Sept. 30, 2023.
Completed additional crude lifting in Gabon of ~600,000 gross barrels in early October.
CEO cites strong cash flow generation to fund 2024 capex, dividends and buybacks.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

VAALCO ENERGY INC /DE/ reported preliminary financial results for third quarter 2023.

Period: third quarter 2023
Result: preliminary results

Exact text from the filing

On October 16, 2023, VAALCO Energy, Inc. (the “Company”) issued a press release providing an operational and financial update for the third quarter of 2023.

View on SEC.gov

Browse all earnings releases →

VAALCO ENERGY INC /DE/ filing history →

Source: SEC EDGAR

accession 0001437749-23-028250

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.