VAALCO Energy, Inc. Announces Second Quarter 2022 Results
VAALCO Energy, Inc. (EGY)
US:NYSE Investor Relations:
vaalco.com/about-us/governance
Company Research
Source: GlobeNewswire
HOUSTON, Aug. 10, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) today reported operational and financial results for the second quarter of 2022. Highlights and Recent Key Items: Reported strong Q2 2022 net income of $15.1 million ($0.25 per diluted share) and Adjusted Net Income(1) of $30.7 million ($0.52 per diluted share);Increased Adjusted EBITDAX(1) by 81% quarter-over-quarter to $60.8 million in Q2 2022 a record high for VAALCO driven by strong pricing and increased sales volumes;Increased Q2 2022 average daily production by 14% to 9,211 net revenue interest (“NRI”)(2) barrels of crude oil per day (“BOPD”), or 10,587 working interest (“WI”)(3) BOPD, compared to Q1 2022; Sold record quarterly high 958,000 barrels of oil in Q2 2022; Announced plans to exercise extension option on currently contracted drilling rig and add two additional wells to current 2021/22 drilling program for a total of six wells: Currently drilling the ETBNM 2H-ST on the Sou
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EGY
Earnings
- 3/13/24 - Beat
EGY
Sec Filings
- 4/19/24 - Form 3
- 4/12/24 - Form 8-K
- 3/19/24 - Form 4
- EGY's page on the SEC website