Vaalco Energy Inc (EGY) Options

"Gas Prices Set for a Breakout in 2025"

https://oilprice.com/Energy/Natural-Gas/Gas-Prices-Set-for-a-Breakout-in-2025.html

"Equinor Expects Tight Winter Natural Gas Market in Europe"

https://oilprice.com/Latest-Energy-News/World-News/Equinor-Expects-Tight-Winter-Natural-Gas-Market-in-Europe.html

Egypt needs the hard $USD cash that comes from oil exports

Vaalco had the leverage to make huge progress on the “tax” vs “social program” payments

TGA couldn’t get paid (credit for oil delivered to government) and was put in an untenable situation

Vaalco pulled their carcass out of the fire and turned it into a profitable division

spec

$EGY pushing thru $6

Should have plenty of support to prevent a rollback

spec

Well, Gabon has performed reliably and there are new efficiencies that begin to trickle down after the one-off charges for the acquisitions roll off

spec

Roth MKM puts a price target of $8 on $EGY

Someone here agrees

spec

$EGY Vaalco presentation today 11AM Eastern, check website for registration details on upcoming live event (with replay available later)

EGY belongs north of $8 yet it’s hovering at $6 currently

Cheers

spec

good earning report

jmho

Shorts taking up the wasu

about time

jmho

How soon do we see $6.00 , then how soon $7.00

jmho

Good to get confirmation of favorable support from the post-coup leadership in Gabon

That removes a huge chunk of risk in the Gabon operation

Very informative conference call, worth a listen, IMO

EGY finally getting a little more recognition for its solid balance sheet (free of bank debt) and free cash flow

Nice acquisition with immediately accretive assets and broader diversification of revenue streams/forward strategies across several countries

Looking to see a continuation of this bullish trend as appreciation grows for their performance in growing Vaalco shareholder value

spec

VAALCO Energy, Inc. Provides Operational and Financial Update Including Production and Sales Volumes for Third Quarter 2023
October 16 2023 - 02:00AM
GlobeNewswire Inc.
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VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today provided an operational and financial update, including production and sales volumes for the third quarter 2023 and its increased cash and cash equivalents balance as of September 30, 2023.
Highlights and Key Items:

Strong operational performance in Gabon, Egypt and Canada continued to drive robust production and sales volumes in Q3 2023;
Produced nearly 19,000 net revenue interest (“NRI”) barrels of oil equivalent per day (“BOEPD”), at the upper end of VAALCO’s third quarter guidance range of 17,500 to 19,200 NRI BOEPD;
Recorded sales volumes of almost 19,900 NRI BOEPD, also at higher end of its guidance range of 18,400 to 20,600 NRI BOEPD;
Completed an additional crude sales lifting in Gabon of about 600,000 gross barrels of oil in the first week of October; and
Grew cash and cash equivalents to over $100 million at September 30, 2023, more than double cash and cash equivalents as of June 30, 2023.
George Maxwell, VAALCO’s Chief Executive Officer commented, “The good performance of our 2023 capital program in Egypt and Canada, coupled with the strong operational uptime in Gabon have driven our robust production. We raised production and sales guidance after our first half 2023 results and our continued strong performance has carried into the third quarter with both production and sales at the high end of our guidance ranges. Additionally, after completing the majority of our capex programs for 2023 in the second quarter, we forecast meaningful cash flow generation in the second half of 2023. As clearly evidenced from the more than doubling of our cash on hand to over $100 million at September 30, 2023, we are delivering this cash flow growth. In early October we also had another lifting in Gabon of about 600,000 gross barrels, which will add to our healthy cash position. We expect our ability to grow cash flow in the current high commodity price environment to continue through year-end. This robust cash reserve will allow us to fund our 2024 capital program, continue to return cash to shareholders through dividends and buybacks and provides meaningful financial optionality for the future.”

“It’s now been a year since the combination with TransGlobe occurred and we have focused on returning cash to shareholders, generating meaningful cash flow, maintaining and growing our production base, evaluating a larger portfolio of opportunities across multiple countries and continuing to drill our prospects. We continue to not only deliver on all of these accounts, but we have also exceeded expectations while building size and scale for the future. We are excited about 2024 and beyond with a clean balance sheet, growing cash position and robust operational performance.”

About VAALCO

VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with production, development and exploration assets in Africa and Canada.

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

For Further Information


VAALCO Energy, Inc. (General and Investor Enquiries) +00 1 713 623 0801
Website: www.vaalco.com

futr

Seems like some folks are finally getting their vision back on the prospects of net neutral 2050

A fun little fantasy for kids to play with but the adults and realists are looking toward cleaner and more efficient use of fossil fuels and other natural resources that are essential for modern civilization

My V-ger project has popped up a flag for Gabon and BW Energy

They’re a partner with Vaalco and the operator of the 2 new blocks related to the partnership (PR dated 11 Oct, 2021) and it looks like they will be drilling an exploration well late 2023 with the Borr Norve

Gabon needs the production for the majority of the country’s tax revenue so I don’t see it getting interrupted by the coup fallout

Haven’t had the opportunity to dig into the details (and confirmation) yet

spec

About as stunning as Cal being shut down

and EIA still reported flat fuel

use for that week...

Hard to trust anything...

Egypt, last night also, announced big

plans to increase natural gas well

drilling with a big, ample supply

worldwide...

Snuck that bad news in when the

Gabon unrest news broke...

So we watch...LJ

On a positive note-

Flights to Gabon that are packaged with vacation accommodations are on sale this week …. deep discounts

Sheesh! This is exactly the geopolitical instability that I was hoping to avoid in Vaalco’s Gabon operations

A little bit of piracy offshore and a hefty government/social tax was plenty to deal with already

As long as the citizens of Gabon are sufficiently aligned with the military. it shouldn’t create much disruption in exports of crude because it brings in essential revenue

They won’t kill the golden goose

But they’ll need to keep the supply lines and labor market fully operational to maintain that cash flow

Plus, these days, you never know if the whole story is getting out

Looks like the swoon has paused at the $4 level, a 20% drop since last week

spec

I'm backkk...post any caution

to watch for now...

so we watch...LJ

How soon till $100.00 WTI ?

My guess end of August 2023


jmho

What a shittie report , no production numbers on completed wells Egypt or Canada , The CC will be a joke


jmho

something is wrong here

Something is wrong here ! They made $ 48 M in the quarter that included a reversal of $26 M. And $8 m gain due to some kind of agreement with Egypt ! The new TGA agrement was we pay Egypt 26 million up front and i think 10 million a year for 5 years ! Now if this was changed last year and not reported to stockholders someone is in trouble !

jmho

...'You want to believe'...

Several analysts are very confident of a return to >$100 crude this year

But on the balance, there are supply and trade issues putting significant pressure on the demand side that are keeping prices range bound ~$70-80 ish

Seems like a bottom has been put in for EGY

GOM lease auction coming up

The last Alaska (Cook inlet) sale had 1 bidder on 1 block

That’s a pretty stark statement on the viability of upstream drilling in AK under this administration

A decent round of awarded blocks would certainly boost domestic exploration

Until then, EGY is now better positioned geographically to reap the rewards of policy aligned for progress

spec

thanks WTIC now $68

I have funds headed to Schwab will be picking up more here also voc
both have nice div. so can wait for a rebound.

IMO oil/gas will be aroud a lot longer than many think. Farmers need diesel. So many other
products come from the oil industry. Even some power plants and fertilizer. Many house hold items even plastic is made from oil.

NT filed today

New deadline for late 10-K is March 31 eob

The bean counters need more time (must be an hourly rate, LOL)

Not a good market atmosphere to be late

Brent down to $73, a drop of $10 since Monday

EGY should post some good numbers for Q1 but the 10-K will be a chunk of data that’ll take a bit more deciphering regarding the accounting related to the merger and the FSO/field changes

spec

did I miss something we bougt Transglobal?

Light reading for a quiet board...

https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Warns-Of-An-Imminent-Oil-Supply-Shortage.html

So we watch...LJ

Was this a merger or what ?

Back on 12/23, Vaalco issued the following news release: Vaalco says its indirect wholly-owned subsidiary TransGlobe Energy Corp terminated its lending facility with ATB Financial.

What is interesting, is the term "indirect wholly-owned subsidiary".

In order to be a subsidiary, another corporation must own more than 50 percent of its stock. If it’s a wholly-owned/direct subsidiary, then another company owns 100 percent of its stock. Regardless of the percentage of ownership, a subsidiary must be a separate entity and not merely a division of the company operating under a separate name.

This might be the reason that TGA stockholder will be paying taxes on this so call merger. Secondly, TGA as a company still exist. Looking forward to seeing how the quarterly financial reports are handled.
From another site
JMHO

Thought it was a firework on Thursday,

but it says EGY up 5%...

https://finance.yahoo.com/quote/EGY/?p=EGY

So we watch...LJ

Has any TGA holders talked to the tax man yet , somehow it seems you got the shaft ! Broker reports show this was not a stock takeover but a outright sale !

better check your broker statements


jmho

Ohh, interesting alert on EGY

from my AI assistant, V-ger

Should be seeing a sustained uptic in volume and whale alerts to follow

Opec+ cuts, if they happen in Q1, will only delay the run

Locked and loaded, gonna get played hard before the 10K is filed

after that, it’ll be off the hook

sooner if good news

spec

EGY on sale @$4.19

These are super cheap prices for the value and positive shareholder returns via divi and inevitable share price rise

The merger with TransGlobe added value but also added ambiguity in some part due to differences in reporting regulations

Q1 will be the bellwether but the annual report should be a fairly good indicator

March 10 for last year’s 10K

Here we go 2023

spec

Merry Christmas to all and a happy New Year

If you’re warm and well fed tonight, be thankful

Be thoughtful of others

Be aware of your freedoms, don’t infringe upon others

In regards to energy, remember the significant contribution of affordable fossil fuels on your everyday lives

It powers the global economy and …

It is needed for a true transitional evolution in energy, free of political gamesmanship

But for now, Merry Christmas

Remember why

spec

Here ya go -

https://www.sec.gov/edgar/searchedgar/companysearch

Start there, bookmark it

Edgar is up, it’s the horse’s mouth

Time to do your own homework

Merry Christmas

spec

Hey what is in this new filing today ?

Nothing come up for me

could it have to do with under reported production ????


JMHO

Here is a link for you

https://www.vaalco.com/investors/news-events/press-releases/detail/360/vaalco-energy-inc-announces-third-quarter-2022-results

For anyone interested, the subsequent presentations and updates are all on the investor relations section of their website

GLTY

spec

Hey post a link

computer is mad at me and i just have major surgery


jmho

Hey i tryed to listen to the CC and nope not on website anymore , wonder why

It’s still available, and has been for a MONTH!!!

Listening to it right now (just to verify)

I see precisely why you don’t use correct data in making your decisions

You don’t make any effort to educate yourself

Oh well ….. your loss …

…. again and again

spec

no you are proving my point

Why would EGY go after TGA if tga no no production , no reserves and no cash !

Hey i tryed to listen to the CC and nope not on website anymore , wonder why


jmho

You are proving my point , EGY sucks NO PRODUCTION NO RESERVES AND BULL SHIT MANAGEMENT

NEELY AND IDIOT DREAMER ARE GOOD PAIR and may they choke in hell

None??
No production, no reserves??

You missed by a mile …. again

Don’t waste your time trying to actually evaluate the company if you just don’t care about being a successful investor/trader

Cheers,

spec

You are proving my point , EGY sucks NO PRODUCTION NO RESERVES AND BULL SHIT MANAGEMENT

NEELY AND IDIOT DREAMER ARE GOOD PAIR and may they choke in hell


jmho

I know the answer for you
TGA should have had 2 lifting out of Egypt and that should have been about 100 million dollars and what did we get ?
You got a lesson in making really inaccurate projections based on bad napkin math

That number you kept using was so far off it is laughable

They laid out exactly what the actual numbers were in the conference call

and they touched on why the Egypt deal was problematic

But you can watch and vent your frustrations from the sidelines

spec

TGA should have had 2 lifting out of Egypt and that should have been about 100 million dollars and what did we get ?

Not one but TWO dusters

what a bunch of ass holes , look to me like they could not pour pisss out of a boot


jmho

Just can’t get your numbers right?

One well underperforming

Worst case, it never reaches the full predicted production rate

More likely is a recompletion to alleviate the flow problems in the lower zones

You got your bad news to keep the giggles fresh

But will you buy the dip??

EGY $4.50

I’m buying it up

spec

caan you say DUSTER


what a bunch of pure jackass , 20,000 no 5000 , no just duster

man going to be a bad day for TGA and shit hole EGY
jmho

where is the report on that last well !

Hey that last well was completed weeks ago and no report !!!


Hey the well before this last well was a dud [ production what 200 barrel crude ] and everyone expected what 5000 barrel

DUSTERSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

my guess several big TGA holders are pissed

Hey better check your basis at your broker


jmho

Still slinging the fake “duster” story?

Spoiler alert- no duster at Vaalco as far back as I have been a shareholder (years)

Good luck to you but you’ll need to start vetting your info a lot better if you expect a better result

Like I said, we’ll see in a quarter or 2 how the merger is working out

GLTY

spec

Talk about a pile of bull shit

just keep on drilling dusters and sitting on the shit to boot


jmho

Good luck to you

Check back in a several months and one of us should get a chuckle
I will make more money on ERHE than i can ever dream of with EGY !

spec

Hey spec machine

I will make more money on ERHE than i can ever dream of with EGY !

I see you are still waiting on the last duster well


jmho

Are you happy to be aboard the winning team ?

I see solid performance ahead on the Gabon side and look forward to hearing the plans for other areas

spec

Robust is a nice word to hear

Continuing delivery on objectives, Vaalco mgmt doing it right

spec