VAALCO Energy (EGY) Misses Q1 EPS by 62c

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Go back to VAALCO Energy (EGY) Misses Q1 EPS by 62c

VAALCO Energy Announces First Quarter 2015 Results

May 7, 2015 4:30 PM EDT

HOUSTON--(BUSINESS WIRE)-- VAALCO Energy, Inc. (NYSE: EGY) today reported results for the first quarter of 2015.

First Quarter 2015 highlights:

Successfully drilled and completed two development wells on the new Etame platform, offshore Gabon. First production from the Etame 10-H and Etame 12-H wells occurred in February and April 2015, respectively. Increased offshore Gabon production capacity 30% since the fourth quarter of 2014 with the two new wells which are currently producing a combined total of 4,600 gross barrels of crude oil per day (BOPD) (1,100 BOPD net to the Company).... More