Vaalco energy inc Tuvalu

Where is Vaalco Energy located?

VAALCO Energy is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston, Texas with operations primarily in the Etame Marin block offshore Gabon. As of December 31, 2021, the company had 11.218 million barrels of oil equivalent (68,630,000 GJ) of proved reserves, all of which was petroleum.

What does Vaalco Energy do?

Add this security to watchlist, portfolio, or create an alert to track market movement VAALCO Energy, Inc. is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. The Company’s segments include segments Gabon and Equatorial Guinea.

Does Vaalco have an investor deck?

An updated investor deck has been posted today to VAALCO’s website in the “Investor Relations” section, under “Presentations.” VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, USA based, independent energy company with production, development and exploration assets in Africa and Canada.

What does Vaalco own?

Following its business combination with TransGlobe in October 2022, VAALCO owns a diverse portfolio of operated production, development and exploration assets across Gabon, Egypt, Equatorial Guinea and Canada.

How much money will Vaalco save a year?

This capital investment is projected to save approximately $20 to $25 million gross per year ($13 to $16 million net to VAALCO) in operational costs through 2030. In October 2021, the consortium of VAALCO, BW Energy and Panoro Energy (the “BWE Consortium”) was provisionally awarded two blocks in the 12th Offshore Licensing Round in Gabon.

Does Vaalco pay taxes?

VAALCO’s share of royalties is paid out of the government's share of production and taxes are captured in the Egyptian government's net entitlement oil due and therefore there is no additional tax burden to the Company. In December 2022, VAALCO spudded the Arta77 HC well targeting the Nukhul reservoir.