20 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ director William R Thomas bought 20,000 shares on the open market at $1.82.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ director William R Thomas bought 37,763 shares on the open market.
17 May 2019director interest notice● Neutral
William R Thomas became a VAALCO ENERGY INC /DE/ director and company insider (initial ownership filing).
16 May 2019investor presentation● Neutral
VAALCO posted an updated investor presentation to its website; the filing itself disclosed no additional new information.
16 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer & COO Cary M Bounds bought 5,622 shares on the open market.
15 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer & COO Cary M Bounds bought 6,000 shares on the open market at $1.63.
15 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Alfred John Knapp Jr. bought 100,000 shares on the open market at $1.68.
15 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Financial Officer Elizabeth D Prochnow bought 8,600 shares on the open market at $1.70.
8 May 2019quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $19.8 million and net income of $6.5 million for the period ended 2019-03-31.
8 May 2019quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $19.8 million and net income of $6.5 million for the period ended 2019-03-31.
8 May 2019director officer appointment● Neutral
The board adopted a change-in-control agreement template and approved entering into individual agreements with several executives, including David DesAutels and Elizabeth Prochnow.
6 May 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ VP, General Counsel Michael G Silver received 22,926 shares and a 44,163-share option grant as part of the equity award.
29 Apr 2019substantial holder notice▼ Bad
Kornitzer Capital Management further reduced its VAALCO shareholding to 3,472,900 shares.
29 Apr 2019agm notice● Neutral
VAALCO ENERGY INC /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
24 Apr 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ insider Philip F Patman Jr. disposed of 463,317 shares via option/appreciation-right settlement.
11 Apr 2019director officer appointment● Neutral
VAALCO appointed William R. Thomas, a dealmaker who founded and led several international oil E&P companies, as an independent director.
4 Apr 2019director interest notice● Neutral
Michael G Silver became a VAALCO ENERGY INC /DE/ VP, General Counsel and company insider (initial ownership filing).
3 Apr 2019substantial holder notice▼ Bad
Kornitzer Capital Management reduced its VAALCO shareholding to 4,094,516 shares, continuing a sell-down through early 2019.
28 Mar 2019production update▼ Bad
A workers' strike at the third-party-operated FPSO Nautipa (leased from Tinworth Limited/BW Offshore since 2002) forced a brief precautionary shut-in of VAALCO's Etame Marin field offshore Gabon; the strike ended the next day and production resumed.
27 Mar 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ Vice President David Desautels exercised stock options for 110,552 shares and disposed of 208,833 shares.
25 Mar 2019director interest notice● Neutral
VAALCO ENERGY INC /DE/ Vice President David Desautels exercised stock options for 110,552 shares and disposed of 209,715 shares.
22 Mar 2019director officer appointment● NeutralMajor
CFO Phil Patman resigned to pursue other interests, effective March 31, 2019; VAALCO said Elizabeth Prochnow would take over financial leadership.
8 Mar 2019annual report▲ Good
VAALCO's annual report for fiscal 2018, its strongest year in some time with revenue of $104.9 million and net income of about $98.2 million.
6 Mar 2019financial restatement● Neutral
VAALCO said its unaudited Q3 2018 balance sheet could no longer be relied on due to an accounting error: a $18.6 million deferred tax liability tied to its September 2018 Etame Marin permit extension had been calculated incorrectly. The fix only shifted amounts between long-term asset and tax-asset lines - it didn't change total assets, working capital, or reported income - and was corrected in the 2018 annual report.
6 Mar 2019director interest notice● Neutral
David Desautels became a VAALCO ENERGY INC /DE/ Vice President and company insider (initial ownership filing).
5 Mar 2019substantial holder notice● Neutral
BLR Partners LP, BLRPart, LP, BLRGP Inc, Fondren Management, LP, FMLP Inc, The Radoff Family Foundation, Bradley L. Radoff reported a VAALCO shareholding of 4,494,905 shares (7.50% of votes) in a periodic institutional filing.
25 Feb 2019substantial holder notice● Neutral
Kornitzer Capital Management's reported VAALCO shareholding stood at 4,699,835 shares.
12 Feb 2019substantial holder notice● Neutral
Renaissance Technologies LLC, RENAISSANCE TECHNOLOGIES HOLDINGS CORPORATION disclosed a new substantial VAALCO shareholding of 3,006,117 shares (5.05% of votes).
11 Feb 2019resource reserve update▲ Good
VAALCO reported a 76% increase in proved reserves at year-end 2018 and outlined a 2019 drilling program of up to three development wells, to be funded from cash on hand and operations.
30 Jan 2019substantial holder notice● Neutral
Tieton Capital Management disclosed a new substantial VAALCO shareholding of 3,008,598 shares (5.10% of votes).