VAALCO completes Svenska acquisition; audited 2023 results show $166.5M net loss

VAALCO ENERGY INC /DE/

Acquisition of Svenska (27.39% Baobab field interest) completed on April 30, 2024.
Svenska's 2023 audited financials: revenue $164.9M, net loss $166.5M.
Operating loss of $160.7M includes $272M impairment/depreciation.
Financials restated for error corrections; audit opinion qualified with emphasis of matter.

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