Past year: ▲ 47%(3.58 – 6.57 USD)
Each one in plain English, with the numbers worked through for a shareholder.
22 Dec 2014production update▲ Good
VAALCO resumed production from Ebouri Well 2-H offshore Gabon after a wireline repair of a tubing leak on December 16, 2014. The well had been shut in since early October, and output was expected to stabilize at about 2,500 gross barrels of oil per day.
10 Dec 2014drilling result▲ Good
VAALCO completed Etame 8-H, the first well from the new Etame platform offshore Gabon, but shut it in after it produced hydrogen sulfide (H2S) during testing. The rig moved on to drill the Etame 10-H, expected to spud that week.
9 Dec 2014other● Neutral
The board adopted stock ownership/retention guidelines requiring named executives and non-employee directors to hold a minimum level of VAALCO stock.
10 Nov 2014quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported a quarterly net income of $3.1 million for the period ended 2014-09-30.
5 Nov 2014director interest notice● Neutral
Andrew Lawrence Fawthrop became a VAALCO ENERGY INC /DE/ director and company insider (initial ownership filing).
5 Nov 2014director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Andrew Lawrence Fawthrop received 2,633 shares as part of the equity award.
4 Nov 2014production update▼ Bad
VAALCO temporarily shut in Well 2-H at its Ebouri field offshore Gabon to investigate pressure communication between the tubing and casing.
24 Oct 2014drilling progress report● Neutral
VAALCO and its partners entered the 'Subsequent Exploration Phase' on Angola's Block 5, committing to further exploration work under the block's production sharing contract.
23 Oct 2014director officer appointment● Neutral
VAALCO appointed Andrew L. Fawthrop, a 37-year Unocal/Chevron veteran and former Chairman of Chevron Nigeria, as an independent director.
19 Sept 2014director interest notice● Neutral
CFO Gregory Hullinger exercised options for 27,200 shares at $6.97 on September 17, 2014. He sold the same 27,200 shares at $9.50.
27 Aug 2014director interest notice● Neutral
Corporate Secretary Roland Sledge exercised options for 20,000 shares at $6.97 on August 25, 2014. He sold the same 20,000 shares at $9.40.
27 Aug 2014director interest notice● Neutral
VAALCO ENERGY INC /DE/ director John J Myers Jr. sold 10,000 shares at $9.25.
27 Aug 2014director interest notice● Neutral
CFO Gregory Hullinger exercised options for 23,000 shares at $6.97 on August 25-26, 2014. He sold the same 23,000 shares at $9.50.
19 Aug 2014director interest notice● Neutral
Director John Myers exercised options for 100,000 shares at $4.28 on August 15, 2014. He sold 82,900 shares at $8.63.
18 Aug 2014director interest notice● Neutral
CFO Gregory Hullinger exercised 113,500 options at $4.28 in a cashless exercise. The company withheld 80,729 shares to cover cost and taxes, leaving a net gain of 32,771 shares.
18 Aug 2014director interest notice● Neutral
Executive Vice President Gayla Cutrer exercised her remaining 87,225 options at $4.28 on August 14, 2014. She sold the same 87,225 shares at $8.06.
14 Aug 2014director interest notice● Neutral
President W. Russell Scheirman exercised 208,500 options at $4.28 in a cashless exercise. The company withheld 150,412 shares to cover cost and taxes, leaving a net gain of 58,088 shares.
14 Aug 2014director interest notice● Neutral
Executive Vice President Gayla Cutrer exercised options for 26,275 shares at $4.28 on August 12-13, 2014. She sold the same 26,275 shares at about $8.02-$8.05.
6 Aug 2014quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported a quarterly net income of $24.7 million for the period ended 2014-06-30.
1 July 2014securities registry admin● Neutral
VAALCO registered shares with the SEC for issuance under its 2014 Long-Term Incentive Plan.
24 June 2014other● Neutral
VAALCO's Form S-3 shelf registration (File No. 333-195919) was declared effective, completing the review process.
20 June 2014securities registration● Neutral
VAALCO filed Amendment No. 2 to its Form S-3 shelf registration solely to amend the exhibit list and file a new consent of Deloitte & Touche LLP. The preliminary prospectus was not changed.
20 June 2014other● Neutral
VAALCO asked the SEC to accelerate its Form S-3 shelf registration to become effective June 24, 2014.
6 June 2014securities registration● Neutral
VAALCO filed Amendment No. 1 to its $500 million Form S-3 solely to amend the exhibits list and file a revised legal opinion from Haynes and Boone. The prospectus itself was not changed.
6 June 2014agm notice● Neutral
VAALCO shareholders elected all six directors, approved a new Long Term Incentive Plan, ratified Deloitte & Touche as auditor and backed executive pay in a non-binding vote at the June 4, 2014 meeting. The board also named CEO Steven Guidry Chairman.
6 June 2014other● Neutral
VAALCO responded to SEC comments on its Form S-3 shelf registration (filed May 13, 2014) and filed an amendment addressing them the same day.
5 June 2014other● Neutral
SEC staff sent comments on VAALCO's May 2014 Form S-3 shelf registration, opening a routine review before the registration could go effective.
13 May 2014securities registration● Neutral
VAALCO filed a $500 million shelf registration statement, giving it standing SEC clearance to issue debt, common or preferred stock, or warrants over time as needed.
7 May 2014quarterly activities report▼ Bad
VAALCO ENERGY INC /DE/ reported a quarterly net loss of $7.0 million for the period ended 2014-03-31.
6 May 2014director officer appointment● NeutralMajor
Robert Gerry agreed not to stand for re-election and to retire as Chairman after the 2014 annual meeting. He would then consult for VAALCO until December 31, 2015 for $100,000, and receive $300,000 in severance over 19 monthly installments.
