21 June 2023auditor change● Neutral
VAALCO dismissed BDO USA as its auditor and engaged KPMG as its independent registered public accounting firm for fiscal 2023.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ insider David Bruce Cook disposed of 278,551 shares via option/appreciation-right settlement.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Financial Officer Ronald Y Bain received 35,800 shares and a 59,289-share option grant as part of the equity award.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ EVP, Gen. Counsel & Corp. Sect Matthew R Powers received 20,883 shares and a 34,585-share option grant as part of the equity award.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Timothy Robertson Marchant exercised stock options for 80,012 shares and disposed of 113,749 shares.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Edward David Lafehr received 20,286 shares as part of the equity award.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer George W.M. Maxwell received 98,449 shares and a 163,044-share option grant as part of the equity award.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Fabrice Nze-bekale received 20,286 shares as part of the equity award.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Catherine L Stubbs received 20,286 shares as part of the equity award.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Operating Officer Thor Pruckl received 35,800 shares and a 59,289-share option grant as part of the equity award.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ director David Bruce Cook exercised stock options for 278,551 shares and disposed of 2,787,551 shares.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ CAO & Controller Jason Doornik received 11,198 shares and a 18,545-share option grant as part of the equity award.
12 June 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Andrew Lawrence Fawthrop received 20,286 shares as part of the equity award.
9 June 2023agm notice● Neutral
VAALCO shareholders re-elected the five directors, ratified BDO as auditor and backed annual say-on-pay votes at the June 8, 2023 annual meeting. The advisory vote on executive pay failed, with 26.5 million votes against and 19.1 million for.
7 June 2023other● Neutral
A further SEC letter, likely closing the fiscal-year-2022 Form 10-K comment cycle.
31 May 2023other● Neutral
VAALCO responded to SEC comments on its fiscal-year-2022 Form 10-K, addressing questions about its acreage and productive-well disclosures.
26 May 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Financial Officer Ronald Y Bain bought 5,000 shares on the open market at $3.95.
17 May 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Catherine L Stubbs bought 6,693 shares on the open market at $3.73.
16 May 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Edward David Lafehr bought 5,300 shares on the open market at $3.72.
16 May 2023other● Neutral
SEC staff sent a comment letter on VAALCO's Form 10-K for fiscal year 2022 (its first full year including TransGlobe's Canadian and Egyptian assets), opening a routine disclosure review.
15 May 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer George W.M. Maxwell bought 10,000 shares on the open market at $3.70.
15 May 2023director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Andrew Lawrence Fawthrop bought 5,464 shares on the open market at $3.67.
11 May 2023director interest notice● Neutral
Director Andrew Fawthrop exercised options for 58,548 shares at $1.60 and had 22,628 shares withheld at $4.14 in connection with the exercise.
10 May 2023quarterly activities report● Neutral
VAALCO issued a press release with first-quarter 2023 results and guidance for the rest of 2023. It also declared a $0.0625 per share quarterly dividend payable June 23, 2023.
10 May 2023quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $80.4 million and net income of $3.5 million for the period ended 2023-03-31.
28 Apr 2023agm notice● Neutral
VAALCO issued its proxy statement for the June 8, 2023 annual meeting. Shareholders were asked to elect five directors, ratify BDO as auditor, and hold advisory votes on executive pay and on how often to hold that vote.
28 Apr 2023annual report● Neutral
VAALCO's glossy Annual Report to Shareholders for fiscal 2022, distributed alongside its 2023 proxy materials.
28 Apr 2023agm notice● Neutral
VAALCO filed additional definitive proxy materials for its 2023 annual meeting. The filing contained only the cover page and gave no further details.
7 Apr 2023listing compliance notice● Neutral
VAALCO received an expected NYSE notice for its late fiscal-2022 Form 10-K (delayed by the TransGlobe merger integration work) but had already filed the report three days later, resolving the issue almost immediately.
6 Apr 2023annual report▲ GoodMajor
VAALCO's delayed annual report for fiscal 2022 showed revenue nearly doubling to $354.3 million and net income of about $51.9 million, its first annual report reflecting the TransGlobe Energy merger.