8 Aug 2022agm notice● Neutral
VAALCO published an investor presentation and podcast on its pending TransGlobe acquisition and announced a webcast for TransGlobe shareholders on August 10, 2022, hosted by executives of both companies.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Aug 2022quarterly activities report● Neutral
VAALCO issued a press release giving an update on the South Tchibala 1HB-ST well and updated full-year 2022 production guidance.
15 July 2022agm notice● Neutral
VAALCO furnished the transcript of a July 14, 2022 management webcast presenting its planned acquisition of TransGlobe Energy. The meeting for the vote was still to be scheduled.
15 July 2022business combination● Neutral
VAALCO management presented details of its pending TransGlobe Energy merger, announced the day before, to investors.
14 July 2022business combination▲ GoodMajor
VAALCO agreed to acquire TransGlobe Energy, an Alberta company with assets in Egypt and Canada, in an all-share deal at 0.6727 VAALCO share per TransGlobe share. VAALCO holders would own about 54.5% of the combined company.
14 July 2022agm notice● Neutral
VAALCO agreed to acquire TransGlobe Energy in an all-share deal, with TransGlobe shareholders receiving 0.6727 VAALCO shares per share and owning about 45.5% of the combined company. Both companies' shareholders still had to approve it.
7 July 2022quarterly activities report● Neutral
VAALCO announced that the South Tchibala 1HB-ST well was successfully drilled and completed from the Avouma platform in the Etame field, offshore Gabon. It also gave additional operational information on its Gabon activities.
29 June 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ CAO & Controller Jason Doornik had 3,198 shares withheld for taxes on vesting stock.
29 June 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ Executive VP, Corp. Dev. David Desautels had 3,328 shares withheld for taxes on vesting stock.
29 June 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ EVP, Gen. Counsel & Corp. Sect Michael G Silver had 4,262 shares withheld for taxes on vesting stock.
22 June 2022substantial holder notice● Neutral
Millennium Management, Millennium Group Management and Israel Englander filed a Schedule 13G showing 1,267,877 VAALCO shares (2.2%). They had passed 5% on June 16, 2022 but were back below that level by the filing date.
6 June 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Fabrice Nze-bekale received 10,229 shares as part of the equity award.
6 June 2022agm 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).
6 June 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Andrew Lawrence Fawthrop received 10,229 shares as part of the equity award.
6 June 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Catherine L Stubbs received 10,229 shares as part of the equity award.
20 May 2022debt financing● NeutralMajor
VAALCO's Gabon subsidiary entered a new five-year, $50 million reserve-based revolving credit facility with Glencore as lead arranger, expandable to $100 million. Nothing was drawn, and Glencore also became exclusive buyer and marketer of its Etame crude.
4 May 2022quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $68.7 million and net income of $12.2 million for the period ended 2022-03-31.
3 May 2022quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $68.7 million and net income of $12.2 million for the period ended 2022-03-31.
2 May 2022dividend declaration● Neutral
VAALCO declared its second-quarter 2022 dividend, holding steady at $0.0325/share ($0.13 annualized).
26 Apr 2022quarterly activities report● Neutral
VAALCO announced the Avouma 3H-ST development well was completed and placed on production at about 3,100 gross barrels of oil per day, above expectations, and began drilling the next well, ETBSM 1HB-ST.
22 Apr 2022agm notice● Neutral
VAALCO ENERGY INC /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
22 Apr 2022agm notice● Neutral
VAALCO filed its proxy statement for the June 2, 2022 annual meeting, asking shareholders to elect four directors, ratify BDO USA as auditor and vote on executive pay.
11 Apr 2022quarterly activities report● Neutral
VAALCO announced it successfully drilled the Avouma 3H-ST development well in the Etame field, offshore Gabon, with a 268-meter lateral in Gamba sands; initial production was expected within weeks.
4 Apr 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ EVP, Gen. Counsel & Corp. Sect Michael G Silver had 1,861 shares withheld for taxes on vesting stock.
24 Mar 2022material agreement● Neutral
VAALCO hired DOF Subsea to handle the underwater work needed to switch over to its new floating storage vessel at Etame Marin.
17 Mar 2022director interest notice● Neutral
CEO and director George Maxwell filed an amended Form 4 correcting the number of shares in his March 11, 2022 option grant to 84,831; the original overstated it and omitted that he is a director.
17 Mar 2022director interest notice● Neutral
Director Andrew Fawthrop filed an amended Form 4 correcting an earlier filing that overstated his holdings; he beneficially owned 381,952 shares of common stock.
15 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Financial Officer Ronald Y Bain received 20,558 shares and a 46,432-share option grant as part of the equity award.
15 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ CAO & Controller Jason Doornik sold 6,000 shares at $5.83.
15 Mar 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer George W.M. Maxwell received 43,799 shares and a 98,925-share option grant as part of the equity award.