VAALCO Energy (EGY) Authorizes $10M Share Buyback Program
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VAALCO Energy, Inc. (NYSE: EGY) announced that its Board of Directors has authorized the repurchase of up to $10 million of the Company's common stock.
"We are pleased to announce this buyback as part of our capital allocation program," said Robert Gerry, Chairman and CEO. "In addition to providing for a return of capital to our shareholders, we believe our stock is an excellent investment at today's prices. With our strong balance sheet and projected cash flow, we continue to review additional opportunities to increase shareholder value."
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