VAALCO Energy, Inc. is a Houston, Texas based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO’s strategy is to increase reserves and production through the exploration and operation of oil and gas properties, with a focus on international opportunities. VAALCO is in a growth mode evaluating corporate merger and joint venture opportunities. The aspiration to grow is well supported by a strong financial position and a team of industry experienced professionals.
The Company’s properties and exploration activities are located in Gabon and Angola, West Africa. VAALCO’s stock is traded on the New York Stock Exchange under the symbol “EGY”.
VAALCO celebrated its 25th year of conducting business in 2010 and we delivered solid operational and financial performance throughout the year. In 2010, operational excellence plus improved crude prices contributed to our best net income and earnings per share numbers in the last four years. Operational and financial performance has continued to be strong through the first six months of reported data in 2011. VAALCO’s balance sheet remains extremely strong and provides the Company flexibility to invest in energy opportunities we believe will deliver shareholder value.