Current EGY Stock Info

VAALCO Energy, Inc. (ticker: EGY) reported an income of $10.3 million, or $0.17 per diluted share for 2017. In Q4 2017, the company reported an income of $3.5 million, or $0.06 per diluted share.

The company produced an average of 3,957 net BOPD in Q4 2017 and for the full year of 2017, VAALCO produced approximately 16,649 BOPD. The company’s 2017 year-end reserves are 100% related to oil in Gabon and VAALCO reported 3 MMBO of proved reserves as of December 31, 2017.

VAALCO Energy Earns $0.17 Per Share in 2017

VAALCO Production, Mar. 2018

In Q4 2017, VAALCO invested approximately $0.5 million in capital expenditures on a cash basis, primarily for equipment and enhancements. For the full year 2017, cash basis capital expenditures totaled $1.8 million – which were also primarily for equipment and enhancements.

The company said that it does not currently have any material commitments for capital investments in 2018, but is considering development drilling offshore Gabon later in 2018. VAALCO currently estimates full year 2018 production to be between 3,500-4,100 BOPD, with production during the first quarter of 2018 forecasted between 3,400-3,600 BOPD.

VAALCO Energy Earns $0.17 Per Share in 2017

VAALCO 2018 Guidance, Mar. 2018

 


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