20 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ director William R Thomas bought 20,000 shares on the open market at $1.82.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ director William R Thomas bought 37,763 shares on the open market.
17 May 2019director interest notice● Neutral
William R Thomas became a VAALCO ENERGY INC /DE/ director and company insider (initial ownership filing).
16 May 2019investor presentation● Neutral
VAALCO posted an updated investor presentation to its website; the filing itself disclosed no additional new information.
16 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer & COO Cary M Bounds bought 5,622 shares on the open market.
15 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer & COO Cary M Bounds bought 6,000 shares on the open market at $1.63.
15 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Alfred John Knapp Jr. bought 100,000 shares on the open market at $1.68.
15 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Financial Officer Elizabeth D Prochnow bought 8,600 shares on the open market at $1.70.
8 May 2019quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $19.8 million and net income of $6.5 million for the period ended 2019-03-31.
8 May 2019quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $19.8 million and net income of $6.5 million for the period ended 2019-03-31.
8 May 2019director officer appointment● Neutral
The board adopted a change-in-control agreement template and approved entering into individual agreements with several executives, including David DesAutels and Elizabeth Prochnow.
6 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ VP, General Counsel Michael G Silver received 22,926 shares and a 44,163-share option grant as part of the equity award.
29 Apr 2019substantial holder notice▼ Bad
Kornitzer Capital Management further reduced its VAALCO shareholding to 3,472,900 shares.
29 Apr 2019agm notice● Neutral
VAALCO ENERGY INC /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
24 Apr 2019director interest notice● Neutral
Former officer Philip Patman Jr. disposed of 249,291 VAALCO shares in April 2019, including shares from exercising options and stock appreciation rights, leaving him with no direct holding.
11 Apr 2019director officer appointment● Neutral
VAALCO appointed William R. Thomas, a dealmaker who founded and led several international oil E&P companies, as an independent director.
4 Apr 2019director interest notice● Neutral
Michael G Silver became a VAALCO ENERGY INC /DE/ VP, General Counsel and company insider (initial ownership filing).
3 Apr 2019substantial holder notice▼ Bad
Kornitzer Capital Management reduced its VAALCO shareholding to 4,094,516 shares, continuing a sell-down through early 2019.
28 Mar 2019production update▼ Bad
A workers' strike on the third-party-operated FPSO Nautipa led VAALCO to shut in the Etame Marin field offshore Gabon as a precaution on March 26, 2019. The operator said the work stoppage ended March 27, and efforts to restart production were underway.
27 Mar 2019director interest notice● Neutral
An amended filing corrected Vice President David DesAutels' March 21, 2019 report. He exercised options and stock appreciation rights for 110,552 shares and disposed of 98,281 shares, including shares withheld for tax.
25 Mar 2019director interest notice● Neutral
Vice President David DesAutels exercised options and stock appreciation rights covering 110,552 shares on March 21, 2019. He disposed of 99,163 shares, including shares withheld for tax.
22 Mar 2019director officer appointment● NeutralMajor
CFO Phil Patman resigned to pursue other interests, effective March 31, 2019; VAALCO said Elizabeth Prochnow would take over financial leadership.
8 Mar 2019annual report▲ Good
VAALCO's annual report for fiscal 2018, its strongest year in some time with revenue of $104.9 million and net income of about $98.2 million.
6 Mar 2019financial restatement● Neutral
VAALCO said its unaudited Q3 2018 balance sheet could no longer be relied on due to an accounting error: a $18.6 million deferred tax liability tied to its September 2018 Etame Marin permit extension had been calculated incorrectly. The fix only shifted amounts between long-term asset and tax-asset lines - it didn't change total assets, working capital, or reported income - and was corrected in the 2018 annual report.
6 Mar 2019director interest notice● Neutral
David Desautels became a VAALCO ENERGY INC /DE/ Vice President and company insider (initial ownership filing).
5 Mar 2019substantial holder notice● Neutral
BLR Partners LP, BLRPart, LP, BLRGP Inc, Fondren Management, LP, FMLP Inc, The Radoff Family Foundation, Bradley L. Radoff reported a VAALCO shareholding of 4,494,905 shares (7.50% of votes) in a periodic institutional filing.
25 Feb 2019substantial holder notice● Neutral
Kornitzer Capital Management's reported VAALCO shareholding stood at 4,699,835 shares.
12 Feb 2019substantial holder notice● Neutral
Renaissance Technologies LLC, RENAISSANCE TECHNOLOGIES HOLDINGS CORPORATION disclosed a new substantial VAALCO shareholding of 3,006,117 shares (5.05% of votes).
11 Feb 2019resource reserve update▲ Good
VAALCO reported a 76% increase in proved reserves at year-end 2018 and outlined a 2019 drilling program of up to three development wells, to be funded from cash on hand and operations.
30 Jan 2019substantial holder notice● Neutral
Tieton Capital Management disclosed a new substantial VAALCO shareholding of 3,008,598 shares (5.10% of votes).