Highest-materiality recent filing
VAALCO Q2 net income $42.4M; sales up 47% QoQ; Baobab restart; raises FY guidance
Net income $42.4M ($0.39/diluted share); Adjusted EBITDAX $54.8M, up ~5x from Q1 2026.
Board adopted forms of Performance RSA, Time-based RSA, and RSU Award Agreements under the 2020 LTIP.
VAALCO shareholders approve 2020 LTIP amendment, increasing share pool to 20M
Shareholders approved Amendment No. 3 to 2020 LTIP, increasing authorized shares by 5.25M to 20M total.
Vaalco reports Q1 net loss $93.8M; raises production guidance 8%
Net loss $93.8M ($0.90/diluted); adjusted net loss $47.2M ($0.45/diluted) excluding $55.9M unrealized derivative loss.
Vaalco reports Etame 14H well flowed ~4,850 gross BOPD; Baobab restart on track for Q2 2026
Etame 14H development well achieved initial flow rate ~4,850 gross BOPD (2,850 net to Vaalco) with 325m net pay in Gamba sands.
VAALCO reports FY2025 net loss $41.4M; production above guidance; Canadian divestiture $25.5M
FY2025 net loss $41.4M ($0.40/diluted share); adjusted net loss $4.0M ($0.04/share).
VAALCO Energy to sell Canada assets for CAD $35M; production ~1,850 BOEPD
Sale price CAD $35M (USD $25.6M) to Petrus Resources; expected close within 30 days.
VAALCO reports 2025 sales at top of guidance, cash up $35M to $58.8M, Gabon drilling successful
Full year 2025 WI sales volumes ~22,100 BOEPD, at top of 20,800-22,200 guidance; production ~21,150 BOEPD at midpoint.
VAALCO reports Q3 net income $1.1M, adjusted net loss $10.3M; raises production guidance
Net income of $1.1M ($0.01 diluted EPS); adjusted net loss of $10.3M ($(0.10) per share).
Vaalco Q2 2025 net income $8.4M, EPS $0.08; production above guidance at 16,956 BOEPD
Reported net income of $8.4M ($0.08 diluted EPS); Adjusted Net Income of $2.3M ($0.02 diluted EPS).
VAALCO stockholders elect directors, ratify KPMG, approve say-on-pay for 2025
Five directors elected: Fawthrop (56.9M for), Maxwell (58.3M), Stubbs (57.3M), Nze-Bekale (54.4M), LaFehr (57.4M).
VAALCO Q1 net income $7.7M; production above guidance; cuts 2025 capex 10%
Net income $7.7M ($0.07/diluted share); Adjusted Net Income $6.3M ($0.06/share); Adjusted EBITDAX $57.0M.
VAALCO terminates undrawn $50M credit facility upon execution of new facility
Prior $50M reserve-based revolving credit facility terminated effective March 18, 2025.
VAALCO reports record FY 2024 Adj. EBITDAX $303M, Q4 net income $11.7M; reserves up 57%
Record FY 2024 Adjusted EBITDAX of $303.0M; net income $58.5M ($0.56 diluted EPS).
VAALCO Energy enters new $300M revolving credit facility (initial $190M) to fund growth projects
Six-year term; amortization begins September 30, 2026; accordion to $300M total.
Full-year 2024 sales volumes: 24,100–24,600 WI BOEPD (19,400–19,800 NRI BOEPD), at midpoint of guidance range.
Vaalco Q3 net income $11M ($0.10/diluted), sales up 20% QoQ, raises cash dividend to $0.0625/share
Net income $11.0M ($0.10 diluted EPS); Adjusted Net Income $7.9M ($0.08).
VAALCO Energy appoints Lynn Willis as permanent Chief Accounting Officer and Controller
Appointment effective August 12, 2024.
VAALCO Q2 net income $28.2M; closes Svensk acquisition with $19.9M bargain gain
Net income $28.2M ($0.27 diluted EPS); Adjusted net income $22.6M ($0.22 diluted EPS).
VAALCO completes Svenska acquisition; audited 2023 results show $166.5M net loss
Acquisition of Svenska (27.39% Baobab field interest) completed on April 30, 2024.
VAALCO Energy amends exec agreements, awards restricted stock and options to CEO, CFO, COO, GC
CEO Maxwell receives 141,156 restricted shares and 261,545 options; other execs receive proportionate grants.
VAALCO shareholders approve 60% increase in LTIP share reserve to 14.75M shares
Stockholders approved amendment to 2020 LTIP, increasing authorized shares by 5.5M to 14.75M total.
VAALCO declares Q2 2024 quarterly dividend of $0.0625/share payable June 21
Dividend of $0.0625 per share ($0.25 annualized) for Q2 2024.
VAALCO Q1 net income $7.7M; closes $40.2M Svenska acquisition; declares $0.0625 dividend
Net income $7.7M ($0.07 diluted EPS); Adjusted Net Income $6.5M ($0.06 diluted).
VAALCO closes $40.2M cash acquisition of Svenska, adding Baobab field in Cote d'Ivoire
Net purchase price of $40.2M funded entirely from cash on hand; no debt or equity issued.
VAALCO terminates CAO Jason Doornik, appoints Lynn Willis as interim CAO
Jason Doornik terminated as Chief Accounting Officer; employment ends May 15, 2024.
VAALCO reports record FY2023 net income $60.4M, 83% production growth; to acquire Svenska
FY 2023 net income $60.4M ($0.56 diluted EPS); record Adj EBITDAX $280.4M; FCF $119.7M.
VAALCO to acquire Svenska for $66.5M, adding 27.39% WI in Baobab field offshore Côte d'Ivoire
Gross purchase price $66.5M; net cash due at closing expected $30-40M, funded from cash on hand with no debt or equity.
VAALCO declares Q1 2024 dividend of $0.0625 per share, payable March 28
Quarterly cash dividend of $0.0625 per share ($0.25 annualized) for Q1 2024.
VAALCO discloses COO Thor Pruckl's employment terms: $400k base, 75% bonus target
Thor Pruckl's employment agreement includes $400,000 annual base salary, reviewed annually.
VAALCO Energy tops FY 2023 production and sales guidance; cash exceeds $120M
Full year 2023 sales volumes 23,900-24,000 WI BOEPD, at top end of 23,050-24,000 guidance.
VAALCO Q3 net income $6.1M, production near high end of guidance, declares $0.0625 dividend
Q3 NRI production 18,844 BOEPD, WI production 24,430 BOEPD, both at higher end of guidance.
VAALCO Q3 production ~19,000 BOEPD at high end of guidance; cash doubles to >$100M
Produced nearly 19,000 NRI BOEPD in Q3 2023, at the upper end of guidance (17,500-19,200).
VAALCO amends credit facility to replace LIBOR with SOFR interest benchmark
Entered amended facility agreement on Oct 3, 2023, replacing LIBOR with SOFR due to LIBOR discontinuation.
VAALCO reports normal Gabon operations; Etame lifting of 641K barrels completed Aug 27
All Gabon offshore operations continue to operate normally with no disruptions.
VAALCO Q2 net income $6.8M; raises 2023 production guidance 7%, cuts capex by $10M
Q2 net income $6.8M ($0.06/diluted sh); adjusted net income $11.9M ($0.11/sh).
VAALCO Energy dismisses BDO, appoints KPMG as auditor; material weaknesses reiterated
Audit Committee engaged KPMG as independent auditor for FY 2023, dismissing BDO effective June 15, 2023.
VAALCO shareholders reject say-on-pay; all directors elected at annual meeting
Advisory vote on executive compensation failed: 19.1M for vs 26.5M against (plus 22.8M broker non-votes).
VAALCO Q1 net income $3.5M ($0.03/diluted); production up 27% YoY; dividend raised 92%
Q1 2023 net income of $3.5M ($0.03 diluted EPS); Adjusted Net Income $7.3M ($0.07 diluted EPS).
VAALCO gets NYSE late-filing notice for 2022 10-K; filed April 6, 2023
NYSE notified VAALCO on April 3, 2023 of non-compliance under Section 802.01E for not filing 2022 Form 10-K by the due date.
VAALCO reports FY 2022 net income $51.9M, raises dividend 92%, provides 2023 guidance
FY 2022 net income $51.9M ($0.73 diluted); Adjusted Net Income $104.3M ($1.49 diluted).
VAALCO reports preliminary FY2022 net income $49-55M; raises dividend 92% to $0.0625/qtr
FY2022 avg daily production 10,217 NRI BOEPD (+47% YoY); Q4 production 14,390 NRI BOEPD.
VAALCO EVP Corporate Development David DesAutels to retire March 14, 2023
Separation agreement provides $145,917 cash severance and $98,914 bonus amount, lump sum.
Quarterly dividend raised 92% to $0.0625/share ($0.25 annualized); payable March 31, 2023 to holders of record March 24, 2023.
VAALCO files amended 8-K with TransGlobe reserves: proved oil 15.7M bbl, standardized NPV $304M
Proved oil reserves of TransGlobe at Dec 31, 2021: 15,743 MBbls (Egypt 12,524, Canada 3,219), up 61% from 2020.
VAALCO subsidiary TransGlobe terminates ATB Financial credit facility; no amounts drawn
Borrowing base was C$22.5M; no amounts drawn as of Dec 19, 2022.
VAALCO's North Tchibala well producing ~275 bopd with potential for 1,500+ bopd
Well in Gabon brought online early Nov; produced ~8,000 gross bbl through early Dec at ~275 bopd.
VAALCO enters Rule 10b5-1 plan for up to 15M shares ($30M max) buyback
Plan runs Nov 17, 2022 to Aug 16, 2024; Roth Capital will make trading decisions independently.
VAALCO promotes Thor Pruckl to Chief Operating Officer effective Nov 7, 2022
Thor Pruckl, previously EVP International Operations, promoted to newly created COO role.
VAALCO Q3 net income $6.9M, adjusted net income $33.3M; closes TransGlobe merger, $30M buyback
Q3 2022 net income $6.9M ($0.11/diluted share); adjusted net income $33.3M ($0.56/diluted share).
On August 12, 2024, VAALCO Energy, Inc. (the “Company”), appointed Lynn Willis (“Ms. Willis”) to serve as the Company’s Chief Accounting Officer and Controller, effective immediately.
On April 10, 2024, the Company appointed Lynn Willis (“Ms. Willis”), as the Interim Chief Accounting Officer and Controller of the Company, effective immediately.
On April 8, 2024, Jason Doornik, Chief Accounting Officer of VAALCO Energy, Inc. (the “Company”), was notified by the Company that he would be terminated from that position.
David DesAutels, currently Executive Vice President of Corporate Development of VAALCO Energy, Inc. (“VAALCO”), will retire from his position effective March 14, 2023
On November 7, 2022, VAALCO Energy, Inc. (the “ Company ”) promoted Thor Pruckl (“ Mr. Pruckl ” ) to the newly created position of Chief Operating Officer of the Company, effective November 7, 2022.
appointed three of the members of TransGlobe’s existing board of directors, namely: David Cook, Edward LaFehr and Timothy Marchant, to serve as directors of VAALCO
appointed three of the members of TransGlobe’s existing board of directors, namely: David Cook, Edward LaFehr and Timothy Marchant, to serve as directors of VAALCO
appointed three of the members of TransGlobe’s existing board of directors, namely: David Cook, Edward LaFehr and Timothy Marchant, to serve as directors of VAALCO
On August 30, 2022, Michael Silver, who currently serves as the Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer of VAALCO Energy, Inc. (the “ Company ”), notified the Company of his intention to resign from the Company.
On January 28, 2022, Mr. Bradley L. Radoff delivered a letter providing notice that he is resigning from his position as a member of the Board of the Company, effective immediately.
On January 28, 2022, the Board of Directors (the “ Board ”) of VAALCO Energy, Inc. (the “ Company ”) appointed Fabrice Nze-Bekale as a director of the Company, effective January 28, 2022.
Max materiality 0.85 · Median 0.65 · Most common event earnings