VAALCO Energy, Inc.

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Other Pre-Announcement

Vaalco Energy Announces Fourth Quarter And Full Year 2020 Results And Reserves Update

Published: 03/10/2021 03:07 GMT
VAALCO Energy, Inc. (EGY) - Vaalco Energy, Inc. Announces Fourth Quarter and Full Year 2020 Results and Reserves Update.
Q4 Adjusted Loss per Share $0.10.
Q4 Loss per Share $0.06.
Planning for Commencement of Next Drilling Campaign at Etame in Late 2021 Or Early 2022.
Vaalco Energy - Preliminary Production Uplift Estimates for Drilling Campaign Between 7,000 and 8,000 Gross Bopd of Peak Production From 4 Wells.
Vaalco Energy - Estimated Cost of Etame Program is $115 Million to $125 Million Gross, Or $73 Million to $79 Million Million, Net to Vaalco's Participating Interest.
Vaalco and Its Jv Owners Evaluating Timing and Budgeting for Development and Exploration Activities on Block P.
Vaalco- Production Expense Guidance for FY 2021 is Expected to Be Between $69 Million and $77 Million Or $24.50 to $29.25 per Nri Barrel of Crude Oil Sales.
Qtrly Crude Oil and Natural Gas Sales $12.6 Million Versus $21.9 Million.
Vaalco Energy- for FY 2021, Vaalco Estimates Net Capital Expenditures, Excluding 2021 Drilling Campaign and Seismic, to Total $3 Million to $6 Million.
Sales Nri Volumes for 2021 Are Currently Estimated to Average 7,100 to 7,800 Bopd.
For Q2 of 2021, Nri Production is Forecasted Between 8,000 and 8,600 Bopd.
Vaalco Currently Estimates Full Year 2021 Nri Production to Be Between 6,800 and 7,400 Bopd.
For Q1 of 2021, Nri Production is Forecasted Between 5,100 and 5,400 Bopd.