9 Nov 2022investor presentation● Neutral
CEO George Maxwell and CFO Ron Bain held one-on-one virtual meetings with investors and posted an accompanying investor presentation to VAALCO's website.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Nov 2022quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $78.1 million and net income of $6.9 million for the period ended 2022-09-30.
7 Nov 2022director interest notice● Neutral
VAALCO ENERGY INC /DE/ EVP, Gen. Counsel & Corp. Sect Michael G Silver disposed of 60,256 shares via option/appreciation-right settlement.
2 Nov 2022business combination▲ GoodMajor
VAALCO's board approved the $30 million share buyback program first flagged when the TransGlobe Energy merger was announced.
31 Oct 2022dividend declaration● Neutral
VAALCO declared its fourth-quarter 2022 dividend, unchanged at $0.0325/share, its first since completing the TransGlobe Energy merger.
28 Oct 2022director interest notice● Neutral
Matthew R Powers became a VAALCO ENERGY INC /DE/ EVP, Gen. Counsel & Corp. Sect and company insider (initial ownership filing).
19 Oct 2022quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $78.1 million and net income of $6.9 million for the period ended 2022-09-30.
14 Oct 2022director interest notice● Neutral
David Bruce Cook became a VAALCO ENERGY INC /DE/ company insider (initial ownership filing).
14 Oct 2022director interest notice● Neutral
Timothy Robertson Marchant became a VAALCO ENERGY INC /DE/ company insider (initial ownership filing).
14 Oct 2022director interest notice● Neutral
Edward David Lafehr became a VAALCO ENERGY INC /DE/ company insider (initial ownership filing).
14 Oct 2022business combination● NeutralMajor
VAALCO completed its acquisition of TransGlobe Energy Corporation, expanded its board from four to seven directors by adding three TransGlobe directors, and raised its authorized share count from 100 million to 160 million shares - closing the merger first announced in mid-2022.
13 Oct 2022business combination▲ GoodMajor
VAALCO completed its merger with TransGlobe Energy and applied to relist its shares following the deal's close.
12 Oct 2022business combination▲ GoodMajor
A Canadian court approved VAALCO's TransGlobe Energy merger, clearing the way for VAALCO's shares to resume trading.
11 Oct 2022business combination▲ Good
VAALCO's UK share prospectus for its TransGlobe Energy merger was approved by UK regulators.
19 Sept 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).
19 Sept 2022business combination● Neutral
VAALCO's shareholders received their voting materials for the pending TransGlobe Energy merger.
12 Sept 2022material agreement● Neutral
VAALCO extended its floating production vessel contract at Etame Marin by two weeks, to allow time to demobilize ahead of its planned switch to a new storage vessel.
6 Sept 2022director officer appointment● Neutral
General Counsel Michael Silver said he would leave VAALCO to pursue other interests, but agreed to stay on through the pending TransGlobe Energy merger to help complete it.
1 Sept 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).
30 Aug 2022business combination● NeutralMajor
VAALCO filed the final proxy statement for the TransGlobe merger, which it began mailing around 2022-08-30. It sets a virtual special meeting for September 29, 2022 at 11:00 AM Eastern, where stockholders vote on the authorized-share increase (100 million to 160 million) and the share issuance. The board unanimously recommends voting for both, and the deal cannot close unless both pass. This finalises the draft filed on 2022-08-19, with the same terms (0.6727 VAALCO share per TransGlobe share, about 54.5% VAALCO ownership after closing).
19 Aug 2022business combination● NeutralMajor
VAALCO filed a preliminary (draft) proxy statement asking its stockholders to vote on the TransGlobe Energy merger. TransGlobe holders would get 0.6727 VAALCO share per TransGlobe share (about $307 million at announcement), leaving VAALCO holders with about 54.5% of the combined company. Stockholders would vote on raising authorized shares from 100 million to 160 million and on issuing the new shares. The meeting date is still blank, and the document says it is subject to completion.
16 Aug 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).
15 Aug 2022business combination● Neutral
VAALCO set the record date for the shareholder vote on its pending TransGlobe Energy merger.
15 Aug 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).
10 Aug 2022quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $111.0 million and net income of $15.1 million for the period ended 2022-06-30.
10 Aug 2022quarterly activities report● Neutral
VAALCO ENERGY INC /DE/ reported quarterly revenue of $111.0 million and net income of $15.1 million for the period ended 2022-06-30.
9 Aug 2022dividend declaration● Neutral
VAALCO declared its third-quarter 2022 dividend, unchanged at $0.0325/share.
9 Aug 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).
8 Aug 2022business combination● Neutral
VAALCO published additional investor materials on its pending TransGlobe Energy merger.
8 Aug 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).