secwatch.observer — SEC 8-K summary
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Issuer:     VAALCO ENERGY INC /DE/ (EGY)
CIK:        0000894627
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001437749-24-015135
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VAALCO Q1 net income $7.7M; closes $40.2M Svenska acquisition; declares $0.0625 dividend
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- Net income $7.7M ($0.07 diluted EPS); Adjusted Net Income $6.5M ($0.06 diluted).
- Adjusted EBITDAX $61.7M; NRI production 16,848 BOEPD, WI 21,807 BOEPD.
- Closed all-cash acquisition of Svenska Petroleum Exploration for net $40.2M, expanding West African assets.
- Unrestricted cash $113.3M; quarterly dividend $0.0625/share payable June 21, 2024.
- Baobab field restarted after April maintenance at >5,000 WI BOEPD (99% oil).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894627/000143774924015135/0001437749-24-015135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894627/000143774924015135/egy20240326c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-015135

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