News Release
VAALCO Energy Announces First Quarter Conference Call
HOUSTON –May 7, 2007– VAALCO Energy, Inc., (NYSE:EGY) announced today it will host an investor conference call on Thursday, May 10, 2007, at 10:00 a.m. Central time to review its financial results for the first quarter, discuss current operations and describe the outlook for the company. The Company will release its first quarter 2007 financial results after the close of the market on May 9, 2007.
On the day of the conference call, participants should dial 1-866-868-1109 (international callers dial 1-847-413-2404) ten minutes before the scheduled start of the call, and enter pass code 17822171. A replay will be available beginning one hour after the end of the conference call until June 9, 2007 by dialing 1-877-213-9653 (international callers dial 1-630-652-3041) and entering pass code 17822171.
VAALCO Energy, Inc. is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. VAALCO's strategy is to increase reserves and production through the exploration of oil and natural gas properties with high emphasis on international opportunities. The company's properties and exploration acreage are located primarily in Gabon and Angola, West Africa.
This press release includes “forward-looking statements” as defined by the U.S. securities laws. Forward-looking statements are those concerning VAALCO’s plans, expectations, and objectives for future drilling, completion and other operations and activities. All statements included in this press release that address activities, events or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include future production rates, completion and production timetables and costs to complete well. These statements are based on assumptions made by VAALCO based on its experience perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, inflation, lack of availability goods, services and capital, environmental risks, drilling risks, foreign operational risks and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. These risks are further described in VAALCO’s annual report on form 10K/SB for the year ended December 31, 2005 and other reports filed with the SEC which can be reviewed at www.sec.gov, or which can be received by contacting VAALCO at 4600 Post Oak Place, Suite 309, Houston, Texas 77027, (713) 623-0801.
For further information contact:
W. Russell Scheirman
713-623-0801