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Investegate |Vaalco Energy Inc Announcements | Vaalco Energy Inc: Q4 and Full Year Results and Reserves Update

AND FULL YEAR 2020 RESULTS AND RESERVES UPDATE

HOUSTON - March 10, 2021 -
VAALCO Energy, Inc. (NYSE/LSE: EGY) ( VAALCO or the Company ) today reported operational and financial results for the fourth quarter and full year of 2020.

·
Closed the transformational acquisition of Sasol s working interest in the Etame field;
o
Nearly doubles VAALCO s total net production and reserves;
o
Estimated acquisition cost per NRI barrel
(6) of $14.41 for SEC proved reserves and $4.91 for 2P CPR reserves;
·
Produced 4,662 net revenue interest ( NRI )
(1) barrels of crude oil per day ( BOPD ), or 5,359 working interest ( WI )
(2) BOPD in Q4 2020;
·
Reported net loss of $3.6 million ($0.06 per diluted share), Adjusted Net Loss ....

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VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2020 Results and Reserves Update

VAALCO Energy, Inc. (NYSE/LSE: EGY) (“VAALCO” or the “Company”) today reported operational and financial results for the fourth quarter and full year of 2020. ....

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