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Group 1 - VAALCO Energy (EGY) has recently updated that the FPSO undergoing major repairs and upgrades has left the shipyard, indicating progress in operational capabilities [2] - The company is part of a cyclical industry characterized by boom and bust cycles, requiring patience and experience for successful investment [2] - The investment group Oil & Gas Value Research focuses on under-followed oil companies and out-of-favor midstream companies, providing a platform for investors to discuss recent information and share ideas [2]

HOUSTON, Feb. 24, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) announced that it will be participating in SpareBank 1 Markets Energy Conference to be held in Oslo, Norway where Chief Executive Officer George Maxwell is scheduled to make a presentation on Wednesday, February 25, 2026. In conjunction with this press release, the Company has posted an updated investor presentation to its website. The presentation is available at the following link: (https://www ...

Core Viewpoint - Vaalco Energy, Inc. has announced positive operational updates in Gabon and Cote d'Ivoire, highlighting significant drilling results and a strategic partnership that positions the company for substantial production growth by 2030 [1][4]. Gabon Drilling Highlights - The Etame 15H-ST well has been successfully drilled and completed, achieving a stabilized flow rate of approximately 2,000 barrels of oil per day (BOPD) with a 38% water cut [6]. - The company is actively managing the well to stabilize pressure and reservoir management [6]. - A new exploration well in West Etame has been spudded, with a 57% chance of geological success, expected to reach the target zone by mid-March [6]. Cote d'Ivoire Highlights - Vaalco has been confirmed as the operator with a 60% working interest in the Kossipo field, which has an estimated 293 million barrels of oil equivalent (MMBOE) in place [4][6]. - A field development plan (FDP) is expected to be submitted in the second half of 2026, aimed at enhancing production in Cote d'Ivoire [4]. - The Baobab FPSO is on track to return to the field and commence production in Q2 2026, which, along with the Gabon drilling campaign, is anticipated to drive meaningful growth [4][6].

Core Viewpoint - Vaalco Energy, Inc. has declared a quarterly cash dividend of $0.0625 per share for Q1 2026, marking its 17th consecutive quarterly dividend, reflecting the company's strong cash-generative assets and commitment to returning value to shareholders [1][2]. Dividend Announcement - The quarterly cash dividend of $0.0625 per share is annualized to $0.25 and will be payable on March 27, 2026, to stockholders of record as of February 27, 2026 [1]. - Future dividends are subject to approval by the Board of Directors, which retains discretion over the declaration and payment of dividends based on various financial factors [6]. Company Overview - Vaalco Energy, founded in 1985 and incorporated in Delaware, is an independent energy company based in Houston, Texas, with a diverse portfolio of production, development, and exploration assets across multiple countries including Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria [2]. - The CEO, George Maxwell, emphasized the company's ability to create sustainable value through its high-quality, cash-generative assets and ongoing development projects [2].

Company Overview - Vaalco Energy, Inc. is an independent energy company based in Houston, Texas, founded in 1985, with a diverse portfolio of production, development, and exploration assets across Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria [1] Recent Developments - The company announced participation in non-deal road show meetings with prospective investors in Edinburgh, Scotland, scheduled for February 13, 2026 [1] - An updated investor presentation has been posted on the company's website [1] Project Updates - Key updates on the Baobab Ivoirien refurbishment project include the completion of dry dock work, as previously mentioned in the company's Third Quarter 2025 Results released in November [5]

Core Viewpoint - Vaalco Energy, Inc. has announced the sale of its non-core producing properties in Canada for approximately CAD 35.0 million (USD 25.6 million), with the effective date being February 1, 2026, and expected closure within 30 days, subject to customary conditions [1][2] Financial Summary - The Canadian properties have a current working interest production of approximately 1,850 barrels of oil equivalent per day (BOEPD) [1] - The sale price of CAD 35.0 million is equivalent to 2.7 times the trailing 12 months operational cash flow of approximately USD 9.7 million for the Canadian assets [2][10] Strategic Focus - The company aims to concentrate on its core assets that present significant drilling campaigns and growth potential, having generated CAD 82 million (USD 64 million) in operational cash flow since the acquisition of the Canadian assets [2] - The decision to sell the Canadian assets is aligned with the company's strategy to focus on high-quality assets with substantial development opportunities [2] Company Background - Vaalco Energy, Inc. is an independent energy company based in Houston, Texas, with a diverse portfolio of production, development, and exploration assets across several countries including Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria [3]

Core Viewpoint - Two stocks in the energy sector are showing signs of being overbought, which may concern momentum-focused investors [1]. Group 1: VAALCO Energy Inc (NYSE:EGY) - VAALCO Energy has a recent RSI value of 89.4, indicating it is overbought [2]. - The stock has gained approximately 42% over the past month, reaching a 52-week high of $5.36 [4]. - A Buy rating was initiated by Freedom Capital Markets analyst Sergey Pigarev with a price target of $7.3 [4]. - On the latest trading day, shares of VAALCO Energy rose by 5.7% to close at $5.17 [4]. - The stock has an Edge Stock Rating with a momentum score of 81.87 and a value score of 91.69 [4]. Group 2: Suncor Energy Inc (NYSE:SU) - Suncor Energy has an RSI value of 81.7, also indicating it is overbought [2]. - The stock has increased by around 21% over the past month, achieving a 52-week high of $54.80 [4]. - Goldman Sachs analyst Neil Mehta maintained a Buy rating and raised the price target from $48 to $54 [4]. - On the latest trading day, shares of Suncor Energy rose by 1.3% to close at $53.69 [4].

Core Insights - Vaalco Energy (EGY) has reported encouraging results from its first two offshore wells, indicating potential growth despite previous negative earnings comparisons [2] Company Analysis - Vaalco Energy is considered underpriced due to its negative earnings history, which has led to a perception of no growth potential [2] - The company operates in a cyclical industry characterized by boom and bust cycles, requiring patience and experience for successful investment [2] Industry Context - The oil and gas sector is highlighted as a space where undervalued companies can be found, particularly those that are under-followed or out of favor [2] - The investing group Oil & Gas Value Research focuses on identifying compelling opportunities within this sector, emphasizing the importance of community discussions among investors [2]

Core Insights - Vaalco Energy (EGY) has reported encouraging results from its first two offshore wells, indicating potential growth despite previous negative earnings comparisons [2] Company Analysis - Vaalco Energy is considered underpriced due to its negative earnings history, which has led to a lack of growth perception in the market [2] - The company operates in a cyclical industry characterized by boom and bust cycles, requiring patience and experience for successful investment [2] Investment Group Insights - The investing group Oil & Gas Value Research focuses on under-followed oil companies and out-of-favor midstream companies, identifying compelling investment opportunities [2] - The group provides an active chat room for investors to discuss recent information and share ideas related to the oil and gas sector [2]