VAALCO Energy tops FY 2023 production and sales guidance; cash exceeds $120M

VAALCO ENERGY INC /DE/

Full year 2023 sales volumes 23,900-24,000 WI BOEPD, at top end of 23,050-24,000 guidance.
Q4 2023 sales volumes ~27,400-27,550 WI BOEPD; production 23,100-23,500 WI BOEPD.
Cash >$120M at Dec 31, 2023, up >$80M in 2023, after returning $12.5M in dividends/buybacks in Q4.
Full year 2023 production 23,900-24,000 WI BOEPD, above midpoint of 23,450-24,400 guidance.
Returned $27M in dividends and $21M in share repurchases during full year 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VAALCO ENERGY INC /DE/ reported financial results for fourth quarter and full year of 2023.

Period: fourth quarter and full year of 2023
Result: reported results

Exact text from the filing

VAALCO Energy, Inc. (the “Company”) issued a press release providing an operational update including annual and fourth quarter production and sales volumes, a summary of dividends returned to shareholders for 2023 and an update on the share buyback program.

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Source: SEC EDGAR

accession 0001437749-24-001534

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