Pawar Law Group Announces Investigation of Securities Claims Against VAALCO Energy, Inc. – EGY

NEW YORK, NY / ACCESSWIRE / March 15, 2017 / The Pawar Law Group announces it is investigating potential securities claims on behalf of shareholders of VAALCO Energy, Inc. (NYSE: EGY) resulting from allegations that the Company may have issued materially misleading business information to the investing public.

On March 13, 2017, VAALCO disclosed after market closed "that as of December 31, 2016, there is a material weakness related to the execution of the control for the physical observation of equipment which is performed annually to validate its existence." VAALCO further disclosed that "management determined that the effectiveness and timeliness of the performance of controls related to the review of financial reports, the review of account reconciliations and the evaluation and reporting of significant and unusual transactions was not adequate to ensure that the material weakness in internal control identified in 2015 had been fully remediated." On this news, shares of VAALCO fell $0.127 per share or over 12% to close at $0.923 on March 14, 2017.

Our investigation concerns whether VAALCO issued false and misleading statements to investors causing investor losses. If you own VAALCO shares and wish to learn how to protect your investment and recover your losses in VAALCO stock, please visit http://pawarlawgroup.com/cases/vaalco-energy-inc/ or contact Vik Pawar at 212-571-0805.

Contact:

Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938
vik@pawarlawgroup.com

SOURCE: Pawar Law Group