Tue, 18 Nov 2014 18:04:22 GMT
Tue, 18 Nov 2014 14:18:00 GMT
Mon, 17 Nov 2014 13:35:00 GMT
[PR Newswire] - LONDON, November 17, 2014 /PRNewswire/ -- Investor-Edge has initiated coverage on the following equities: VAALCO Energy Inc. (NYSE: EGY), Rosetta Resources Inc. (NASDAQ: ROSE), Gran Tierra Energy Inc. ...
Thu, 13 Nov 2014 00:09:27 GMT
Mon, 10 Nov 2014 21:46:52 GMT
[at noodls] - HOUSTON, Nov. 10, 2014/PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) today reported net income of $3.1 millionor $0.05per diluted share for the third quarter of 2014 compared to net income of $2.4 millionor ...
Mon, 10 Nov 2014 21:40:49 GMT
Mon, 10 Nov 2014 21:30:00 GMT
[PR Newswire] - HOUSTON, Nov. 10, 2014 /PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) today reported net income of $3.1 million or $0.05 per diluted share for the third quarter of 2014 compared to net income of $2.4 ...
Tue, 04 Nov 2014 22:12:07 GMT
[at noodls] - HOUSTON, Nov. 4, 2014/PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) today announced that Well 2-H in the Ebouri field, offshore Gabon, has been temporarily shut-in to determine the cause of pressure communication ...
Tue, 04 Nov 2014 21:52:00 GMT
[PR Newswire] - HOUSTON, Nov. 4, 2014 /PRNewswire/ -- VAALCO Energy, Inc. (EGY) today announced that Well 2-H in the Ebouri field, offshore Gabon, has been temporarily shut-in to determine the cause of pressure communication between the tubing and casing annuli. At the time of shut-in, Well 2-H was producing approximately 2,500 gross barrels of oil per day, 700 net to VAALCO. The well was initially shut-in in early October 2014 due to the pressure communication issue. Attempts to resolve the problem through initial diagnostic work and corrective measures were unsuccessful. Further diagnostic work is being planned including the use of a wireline unit to determine both the cause of the pressure communication and the resolution. The wireline unit is expected to commence operations during late-November, and once completed, the Company then expects to provide an update on this well. VAALCO noted that the other two development wells in the Ebouri field, Wells 3H and 4H, were shut-in in July 2012 due to the discovery of hydrogen sulfide (H2S) in the oil produced from those wells. The Company and its partners are continuing to make progress on the plans for returning those wells to production in the first half of 2017 with the expected installation of a crude sweetening facility to remove the H2S. At the time Well 2-H was shut in, it continued to produce oil with very low levels of H2S.
Tue, 04 Nov 2014 21:20:37 GMT
Fri, 31 Oct 2014 14:03:00 GMT
Fri, 24 Oct 2014 12:01:15 GMT
Fri, 24 Oct 2014 12:00:00 GMT
[PR Newswire] - HOUSTON, Oct. 24, 2014 /PRNewswire/ -- VAALCO Energy, Inc. (EGY) today announced that the Company has entered into the Subsequent Exploration Phase ("SEP") on Block 5 offshore Angola together with its working interest partner, Sonangol P&P, as provided for in the Production Sharing Agreement signed in 2006 with the Republic of Angola. The SEP extends the exploration license for an additional three year period such that the new expiry date for exploration activities is November 30, 2017. The SEP requires the Company and its partner to acquire a 3D seismic program covering six hundred square kilometers and to drill two additional exploration wells. The seismic obligation has been satisfied with a seismic program already completed covering 1,058 square kilometers over the outboard portion of the block. By entering the SEP, the Company is now required to drill a total of four exploration wells during the exploration extension period. The four well obligation includes the two well commitment under the primary exploration period that carries over to the SEP period. A ten million dollar assessment (five million dollars net to VAALCO) applies to each of the four commitment exploration wells, if any, that remain undrilled at the end of the exploration period in 2017.
Thu, 23 Oct 2014 18:53:31 GMT
Thu, 23 Oct 2014 17:37:47 GMT
[at noodls] - HOUSTON, Oct. 23, 2014/PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) announced today the appointment of Andrew L. Fawthropto the Company's Board of Directors, effective November 1, 2014. Mr. Fawthrop ...
Thu, 23 Oct 2014 16:56:00 GMT
[PR Newswire] - HOUSTON, Oct. 23, 2014 /PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) announced today the appointment of Andrew L. Fawthrop to the Company's Board of Directors, effective November 1, 2014. Mr. Fawthrop ...
Tue, 21 Oct 2014 22:49:00 GMT
[PR Newswire] - HOUSTON, Oct. 21, 2014 /PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) today announced that it will hold a conference call to discuss its third quarter 2014 results on Tuesday, November 11, 2014, at 10:00 ...
Thu, 16 Oct 2014 20:49:00 GMT
[PR Newswire] - HOUSTON, Oct. 16, 2014 /PRNewswire/ -- VAALCO Energy, Inc. (EGY) today announced the commencement of a new six well drilling campaign offshore Gabon on its Etame Marin block. The development drilling campaign follows the recent on-schedule installation of the Etame platform and the Southeast Etame/North Tchibala ("SEENT") platform. All work on this project was accomplished without a safety or environmental incident. All six wells in the current drilling campaign are development wells and VAALCO has spudded the first well, Etame 8-H, using the contracted Transocean "Constellation II" jack-up rig. The Constellation II rig will be used to drill two additional development wells (Etame 9-H and 10-H), each targeting the Gamba sand formation in the Etame field, where VAALCO has been producing oil since 2002 utilizing subsea wells. First oil production from the Etame 8-H well is expected in December 2014.
Fri, 10 Oct 2014 16:01:53 GMT
Fri, 29 Aug 2014 16:17:00 GMT
[PR Newswire] - HOUSTON, Aug. 29, 2014 /PRNewswire/ -- VAALCO Energy, Inc. (EGY) today provided an update on recent activities offshore Gabon. Production from the Etame Marin block has resumed after the successful completion of previously announced maintenance work on the Company's leased Floating, Production, Storage and Offloading (FPSO) vessel. Work was performed to upgrade the fire and gas detection systems on the FPSO and other routine maintenance work was completed on-time and without any safety or environmental issues. To facilitate this work, production from the block was shut-in beginning on August 23, 2014, and restarted on August 29, 2014. Production is expected to increase to pre-shut-in production rates over the next few days as well operations are stabilized. The platform jackets for both of the two new production platforms for the additional development of the Etame Marin block are now in place with this week's setting of the second platform jacket adjacent to the Southeast Etame and North Tchibala fields. Leg piles for the Southeast Etame/North Tchibala platform are currently being installed to secure the jacket to the seabed. The two new production platforms are each located in approximately 80 meters of water.