12 Feb 2013substantial holder notice● Neutral
The Vanguard Group disclosed a new 7.19% stake in VAALCO (4.16 million shares).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Feb 2013other● Neutral
A further SEC staff letter, likely closing out the Form 10-K comment cycle opened in December 2012.
5 Feb 2013substantial holder notice● Neutral
BlackRock reported a 6.08% stake in VAALCO (3.52 million shares).
31 Jan 2013substantial holder notice● NeutralMajor
Tocqueville Asset Management sharply reduced its VAALCO stake to just 0.3%, from 6.24% the year before - exiting most of its position.
22 Jan 2013other● Neutral
VAALCO responded to SEC staff comments on its Form 10-K, part of the review cycle opened by the SEC's December 2012 letter.
27 Dec 2012director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer Robert L Gerry III gifted 3,060 shares.
18 Dec 2012asset acquisition disposition● NeutralMajor
VAALCO bought out Sojitz Corporation's remaining 9.99% non-controlling stake in VAALCO International (the entity holding its Etame Marin interest offshore Gabon) for $26.2 million, taking full ownership.
17 Dec 2012other● Neutral
SEC staff sent VAALCO a comment letter on its Form 10-K, opening a routine accounting/disclosure review cycle that VAALCO responded to in January 2013.
8 Nov 2012quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported a quarterly net income of $106 thousand for the period ended 2012-09-30.
19 Sept 2012director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer Robert L Gerry III gifted 5,000 shares.
23 Aug 2012securities registry admin● Neutral
VAALCO registered shares with the SEC for issuance under its newly approved 2012 Long-Term Incentive Plan.
10 Aug 2012quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported a quarterly net income of $10.4 million for the period ended 2012-06-30.
8 Aug 2012quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported a quarterly net income of $10.4 million for the period ended 2012-06-30.
30 July 2012production update▼ BadMajor
An activities update whose sharpest item is a setback: hydrogen sulphide detected on the Ebouri platform offshore Gabon forced two producing wells to be shut in, though the wider Etame complex held around 19,000 barrels a day. VAALCO also signed a $10 million deal for a working interest in a concession in an unnamed West African country new to it, and put a partner forward for the remaining 40% of Angola's Block 5 for Sonangol and government approval.
7 June 2012agm notice● Neutral
VAALCO ENERGY INC /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
30 May 2012other● Neutral
VAALCO amended its May 29 report on the revised 2012 Long Term Incentive Plan to correct an omission. The 250,000-share cap on restricted stock awards and units now also covers Other Stock-Based Awards.
30 May 2012agm notice● Neutral
VAALCO supplemented its proxy statement for the June 6, 2012 annual meeting after ISS opposed the 2012 Long Term Incentive Plan. It told shareholders the plan's share pool was cut from 5 million to 3 million and that earlier votes would count toward the revised plan.
29 May 2012other● Neutral
After proxy advisor ISS recommended against VAALCO's proposed 2012 Long-Term Incentive Plan for transferring too much value to management, the board cut the plan's share pool from 5 million to 3 million shares and tightened other terms ahead of the shareholder vote.
29 May 2012agm notice● Neutral
After ISS recommended against the 2012 Long Term Incentive Plan, VAALCO's board revised it on May 29, 2012, cutting the shares under the plan from 5,000,000 to 3,000,000 and capping restricted stock awards and units at 250,000 shares in total.
8 May 2012quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported a quarterly net income of $9.0 million for the period ended 2012-03-31.
16 Apr 2012director interest notice● Neutral
Director Luigi P Caflisch exercised options for 120,000 shares on April 12, 2012 and sold all 120,000 shares at $9.08.
13 Apr 2012agm notice● Neutral
VAALCO ENERGY INC /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
12 Apr 2012director interest notice● Neutral
Corporate Secretary Gayla M Cutrer exercised options for 70,000 shares at $4.24 on April 11-12, 2012 and sold the same 70,000 shares at about $9.02 to $9.05.
12 Apr 2012agm notice● Neutral
VAALCO filed its proxy statement for the June 6, 2012 annual meeting, asking holders to elect seven directors, ratify the 2012 Long Term Incentive Plan and Deloitte as auditor, and give an advisory vote on executive pay.
10 Apr 2012director interest notice● Neutral
Director Frederick W Brazelton exercised options for 90,000 shares on April 5, 2012 and sold 60,000 shares at about $9.15 to $9.23.
10 Apr 2012director interest notice● Neutral
Corporate Secretary Gayla M Cutrer exercised options for 30,000 shares at $4.24 on April 5, 2012 and sold the same 30,000 shares at $9.24.
20 Mar 2012director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Financial Officer Gregory R Hullinger received a stock option grant for 100,000 shares.
20 Mar 2012director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Luigi P Caflisch received a stock option grant for 30,000 shares.
20 Mar 2012director interest notice● Neutral
VAALCO ENERGY INC /DE/ President/COO W Russell Scheirman II received a stock option grant for 100,000 shares.
20 Mar 2012director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Robert H Allen received a stock option grant for 30,000 shares.