Vaalco Energy Inc. (VEIX.OB) - 500 Beiträge pro Seite

[benefactor [KommA]]

VAALCO Energy, Inc.. The Group`s principal activities are to acquire, explore, develop and produce crude oil and natural gas. The Group owns producing properties and conducts exploration activities as operator of consortium internationally in Philippines and Gabon. The Group has additional international exploration interest in Argentina, Peru, Ethiopia, Ghana, Niger and Canada. Domestically, the Group operates in Texas Gulf Coast areas.
http://www.vaalco.com/

Shares Outstanding: 21.95M
% Held by Insiders: 49.44%
% Held by Institutions: 2.31%

Profit Margin (ttm): 25.63%
Operating Margin (ttm): 45.58%

Cash (mrq): 23.00M
Schulden (mrq): 7.00M


Revenues (Thousands of U.S. Dollars $)

Quarter 2003 2004
Q1 8,549 8,160
Q2 7,184 --
Q3 9,490 --
Q4 10,760 --


Earnings Per Share (U.S. Dollars $)

Quarter 2003 2004
Q1 0.03 0.06
Q2 0.01 --
Q3 0.01 --
Q4 0.09 --

On May 4, 2004, the Company filed an Application for Listing with the American Stock Exchange. The Company anticipates that it will take approximately 90 days to process its application through the Securities and Exchange Commission. Although the Company is optimistic that its application will ultimately be approved, it is also aware that events and/or developments beyond its control could adversely affect the timing as well as the approval of its application.

[benefactor [KommA]]

VAALCO Energy Announces Update on Progress of Etame Drilling Program
Thursday June 10, 9:43 am ET

HOUSTON, June 10 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (OTC Bulletin Board: VEIX - News; the "Company") announced today that it has completed running 9-5/8 inch casing on the Etame 5H development well offshore Gabon in preparation for drilling the horizontal lateral in the Gamba formation. The Gamba sand was first penetrated via a pilot hole and successfully encountered the forty-five foot thick Gamba sand with oil as originally planned. The well was then plugged back and redrilled to nearly horizontal and the casing landed at the top of the Gamba sand. The rig has now temporarily moved off the location to allow for the installation of the flowlines and control umbilicals which will tie the well back to the floating production, storage and offloading facility ("FPSO") moored at the field.

While the flowlines and umbilicals are being installed, the rig has moved to drill an exploration well named the Avouma No. 1, which is approximately ten miles south of the Etame field. This is the second of two commitment wells required under the current exploration phase of the production sharing contract with the Republic of Gabon. The target for the Avouma well is the Gamba sandstone, with Dentale sandstones as secondary targets. It is anticipated that the rig will move off the Avouma well, back to the Etame 5H development well after the flowline installation is completed. It will then require a fifteen day program to drill and gravel pack the horizontal lateral in the Etame 5H well, at which time the well can commence production to the FPSO. Commencement of production from the Etame 5H well in July is expected to increase total production from the Etame field to over 20,000 barrels oil per day.

After completing the Etame 5H well, the rig will finalize the drilling of the Avouma No. 1 well.

VAALCO`s subsidiary VAALCO Gabon Etame, Inc. operates and owns a 28.07% interest in the Etame Field. The Etame field was placed on production in September 2002 and has produced between 14,500 and 15,000 barrels per day since startup. Other field partners are PanAfrican Energy Gabon Corp. (31.36%), Sasol Petroleum West Africa (Ltd.) (27.75%), Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) and Energy Africa Gabon (7.5%).

[benefactor [KommA]]

VAALCO to Test Avouma Prospect
Wednesday July 7, 10:35 am ET

HOUSTON, July 7 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (OTC Bulletin Board: VEIX - News), announced today that it is running casing to flow test an oil discovery in the EAVOM-1 exploration well located on the Avouma prospect offshore Gabon. Located 10.5 miles south of the VAALCO operated Etame Field, the Gamba sandstone appears to be of similar quality to the producing horizon of the Etame Field.

Log analysis indicates approximately 33 feet of oil saturated Gamba sandstone, and should test results indicate a commercial discovery, engineering studies will be undertaken to bring the new discovery onto production. Flow rates should be available within the next several days.

[benefactor [KommA]]

VAALCO Energy Announces Avouma Test Results
Monday July 12, 12:08 pm ET

HOUSTON, July 12 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (OTC Bulletin Board: VEIX - News; the "Company") announced today the results of flow testing of the Avouma exploration well. The EAVOM-1 well flowed at a stabilized rate of 6,600 barrels oil per day of 37 degree API crude on a 40/64`s inch choke from twenty feet of perforations in the Gamba sandstone section. Flowing wellhead pressure was 746 psi. The rig is currently performing additional diagnostic work after which the plan is to temporarily abandon the well. The Avouma discovery is located offshore Gabon on the Etame permit approximately 10.5 miles from the Etame field, where VAALCO is currently producing 15,000 barrels oil per day.

After completing operations on the EAVOM-1 well, VAALCO plans to return to the Etame 5H development well in the Etame field. That well was temporarily suspended last month at the top of the Gamba sandstone in a horizontal position, while flowlines were run to tie the well back to the floating production storage and offloading system moored in the field. The flowlines have been successfully installed, and the remaining operations to complete the Etame 5H well consist of drilling a 2,000 foot horizontal lateral in the Gamba sandstone, which will be gravel-packed for sand control. Commencement of production from the Etame 5H well later this month is expected to increase total production from the Etame field to over 20,000 barrels oil per day.

[benefactor [KommA]]

VAALCO Energy Announces Amex Listing
Thursday July 15, 3:24 pm ET

HOUSTON, July 15 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (OTC Bulletin Board: VEIX - News), (the "Company"), a fast growing exploration and production company operating internationally, announced today that it has been approved for listing on the American Stock Exchange (Amex). The stock is expected to begin trading on the American Stock Exchange on July 21, 2004 under the symbol EGY (for "Energy"). The Company`s specialist is expected to be the Kellogg Capital Group. The last day for trading of the Company`s stock on the OTC will be July 20, 2004.

The Amex approval is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if the Company is not in compliance with such standards. The Company believes it is in compliance as of the date of this release.

"We are excited to join the group of emerging growth companies on the American Stock Exchange," stated Robert Gerry, Chairman and CEO of the Company. "We anticipate that the listing will increase our visibility and investor base and make it easier for investors to purchase or recommend the purchase of our common stock."

VAALCO operates the Etame Block offshore Gabon, West Africa, where it has been producing approximately 14,500 to 15,000 barrels per day from the Etame field since placing the field online in September of 2002. The field is currently undergoing expansion with the drilling of the Etame 5H well, scheduled to come on stream in the next few weeks. The Etame 5H well should increase production from the field to in excess of 20,000 barrels oil per day. The Company also has two new discoveries that it has made on the Etame block this year (the Ebouri and Avouma discoveries). The Company is aggressively progressing development studies for these discoveries, in order to submit development plans for each to the Gabonese government for approval.

[benefactor [KommA]]

Vaalco Energy (Bohrinsel in Gabun)


Vaalco Energy Öltanker

[benefactor [KommA]]

American Stock Exchange Lists Common Stock of VAALCO Energy Group, Inc.
Wednesday July 21, 9:40 am ET

NEW YORK, July 21 /PRNewswire/ -- The American Stock Exchange® (Amex®) today listed the common stock of VAALCO Energy Group, Inc. under the ticker symbol EGY.

VAALCO Energy, Inc. is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO focuses its efforts on international properties, where its strategy is to pursue selected opportunities that are characterized by reasonable entry costs, favorable economic terms, high reserve potential relative to capital expenditures and the availability of existing technical data that may be further developed using current technology. The Company`s properties and exploration activities are located offshore Gabon, West Africa where the Company operates the Etame field.

"We are pleased to welcome VAALCO Energy to the substantial number of energy companies listed on the American Stock Exchange," said John McGonegal, senior vice president of the Amex Equities Group. "We look forward to working with them in building increased investor awareness and visibility within the investment community."

Robert Gerry, Chief Executive Officer of VAALCO stated, "We view the Amex listing as an important step forward towards increasing VAALCO`s exposure to the investment community, and to enhance the liquidity of VAALCO`s stock for the benefit of our stockholders."

The specialist in VAALCO Energy, Inc. will be Kellogg Capital Group. For further information on EGY and other Amex-listed companies, please visit http://www.amex.com.

Last Trade: EGY 3.30 USD

[pagitz01]

so jetzt schaun wir mal wohin die reise geht mit vaalco...

ich bleib mal 2 jahre dabei stop loss ist 3 usd...

ich schätze es auf 10 usd in den nächsten 12 monaten ein...

[benefactor [KommA]]

Das sind Top-Ergebnisse.

VAALCO Energy Announces Second Quarter 2004 Quarterly Results
Friday August 13, 11:53 am ET

HOUSTON, Aug. 13 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), (the "Company") announced the second quarter 2004 earnings were $5.9 million or $0.27 per basic share and $0.10 per diluted share. This compared to net income of $0.5 million or $0.02 per basic share and $0.01 per diluted share for the comparable period in 2003. Second quarter 2003 earnings included a one time charge to interest expense of $1.5 million to amortize the debt issuance discount associated with the loan for the Phase I development of Etame.

Second quarter 2004 revenues were $11.6 million compared to $6.9 million in second quarter 2003. The Company sold 339,000 net barrels at an average price of $34.22 during the second quarter of 2004 compared to 254,000 barrels at an average price of $27.51 in the second quarter of 2003. The lower oil sales were primarily due to timing differences associated with liftings from the Etame field.

For the six months ended June 30, 2004 the Company earned $9.1 million or $0.42 per basic share and $0.16 per diluted share compared to $4.4 million or $0.21 per basic share and $0.08 per diluted share in the comparable period in 2003. First half oil sales were 603,000 barrels at an average price of $32.74 per barrel compared to 538,000 barrels at an average price of $29.31 per barrel. The lower 2003 volumes of oil sales were due to timing differences with liftings from the Etame field, where production is ongoing at approximately 15,000 barrels per day.

Discretionary cash flow, a non-GAAP financial measure of the amount of cash generated that can be used for working capital, debt service or future investments, was $7.5 million for the three months ended June 30, 2004, and $12.0 million for the six months ending June 30, 2004.

Robert L. Gerry, III, Chairman and CEO stated, "Second quarter earnings benefited from higher realized crude oil prices from the Etame field offshore Gabon. We have almost completed the drilling and completion of the Etame 5H well, which is expected to take production at the Etame field from 15,000 barrels per day to over 20,000 barrels oil per day. The well is currently being tested prior to releasing the rig."

"We are also actively pursuing development plans for the recently announced Ebouri and Avouma discoveries. Development options and costs are being evaluated in order to submit development plans to the Gabonese government as soon as possible."
http://biz.yahoo.com/prnews/040813/daf015_1.html

[benefactor [KommA]]

VAALCO Energy Announces Successful Completion of Gabon Development Well
Monday August 23, 12:46 pm ET

HOUSTON, Aug. 23 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), (the "Company") announced that it had successfully completed the ET-5H development well in the Etame Field, offshore Gabon. Oil was flowing to the Floating Production Storage and Offloading facility (FPSO) at the rate of 6,400 barrels per day on a 48/64" choke.

Robert L. Gerry, III, Chairman & CEO stated, "VAALCO and its partners are extremely pleased to have our ET-5H well online. This will be our fourth producing well in the Etame Field and our intent is to slowly raise the production level as the well cleans up. It is currently anticipated we should stabilize production over the next few weeks of the ET-5H well at around 6,500 to 7,500 barrels of oil per day thereby bringing total field production to over 21,000 barrels of oil per day."

VAALCO and its partners recently sold approximately 400,000 barrels of oil. Current inventory in the FPSO is 240,000 barrels with another sale of approximately 500,000 barrels scheduled for September. Partners in the consortium are VAALCO Energy, Inc. (28.07%), PanAfrican Energy Gabon Corp. (31.36%), Sasol Petroleum West Africa (Ltd.) (27.75%), Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) and Energy Africa Gabon (7.5%).

[Statistix]

übrigens für di eganz wenigen stillen mitleser kann ich hier auch nur nochmal die werbetrommel rühren. vaalcon hat ein klasse management einen sehr guten track record, gute earnings in der vergangenheit und einen schönen explorationprospect zusätzlich zur produktion die noch gesteigert wird.

bislang bin ich mit vaalco sehr zufrieden, v.a. seitdem sie an der amex sind. wer auf öl setzt muss vernünftige mischungs haben und meiner meinung gehört da eine vaalco auch dazu.

[benefactor [KommA]]

Gabun

Etame Field
The Etame discovery was made in 1998 and three delineation wells were drilled prior to the field being declared commercial in 2001. The development program to bring three of the wells on production was completed August 2002.

First oil from the Etame field began in September 2002. The produced oil is being stored in the Petroleo Nautipa, a floating production, storage and offloading vessel (FPSO). The vessel was fitted with facilities to process the crude oil and to transfer it to commercial tankers at the time the oil is sold. The crude oil is being sold to Shell Western Supply and Trading Limited under a one year crude oil sales agreement. The field averaged approximately 14,600 barrels per day (BOPD) from field inception through July of 2004.

In August 2004 VAALCO completed the drilling of a fourth development well in the Etame field, the ET-5H well. The well was drilled with a 1,000 foot horizontal lateral in the main Gamba reservoir, and has been placed on production at rates in excess of 7,500 barrels per day (BOPD). Production rates from the four wells now exceed 22,500 BOPD, with sales to commercial tankers anticipated to occur on a monthly basis.

VAALCO expects to drill one additional development well in the Etame Field (ET-6H) in 2005 to maintain current production rates at or above existing levels through the end of that year.

Ebouri Field
The wildcat well Ebouri No. 1 was drilled in January 2004, offshore Gabon. The well logged approximately 15 meters (48 feet) of net oil pay in 17 meters (55 feet) of gross Gamba sandstone section, 11 kilometers (7 miles) away from the Etame field.

A second well will be necessary to fully delineate the prospect. If the prospect proves to be commercial, it is believed the new field can be tied back to the existing floating production facilities located at the Etame field over the course of the next year. These facilities have designed capacity to receive 25,000 to 30,000 barrels of oil per day.

Avouma Field
In July of 2004, the exploration well EAVOM-1 was drilled and tested at a stabilized rate of 6,600 BOPD. The Avouma prospect is located offshore Gabon on the Etame permit approximately 10.5 miles from the Etame Field. VAALCO is currently evaluating development option for the Avouma discovery in conjunction with Evouri development studies.

[benefactor [KommA]]

VAALCO Energy Announces Increase of Production
Thursday September 2, 11:52 am ET

HOUSTON, Sept. 2 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), (the "Company") announced today that the recently completed development well, ET-5H, in the Etame Field, offshore Gabon is now producing oil at the rate of 9,200 barrels per day.

Robert L. Gerry, III, Chairman and CEO stated, "Our ET-5H infield development well has cleaned up quickly with no apparent problems and we have been able to stabilize production at approximately 9,200 barrels per day. This brings total production from the Etame Field to approximately 23,500 barrels per day. We continue to carefully monitor all aspects of our operations to ensure reservoir stability at this higher production level."

[Statistix]

unglaubliches well! Da bleibt einem fast vor Freude die Spucke weg!

[benefactor [KommA]]

[benefactor [KommA]]

2005 verdient Vaalco um die 40 Millionen USD. Vaalco ist noch lange nicht ausgereizt.

[benefactor [KommA]]

Ein schönes MOMO Play basierend auf guten Fundamentals.

[Paul_Muadib]

hallo bene,

bin jetzt erst auf deinen schräd aufmerksam geworden -> sieht ja sehr interessant aus

-> aber mal ehrlich gegen eine snnw oder prvh ist es doch rein garnix

danke für die info

eigentlich zeigt dieser thread (ich sehe keine schreihälse), dass es sich um ein gutes anlageobjekt handelt -> wo sind die experten aus dem prvh-schräds blos?

paul

[benefactor [KommA]]

Vaalco war diese Woche jeden Tag unter den 10 besten Aktien an der AMEX.

[Statistix]

VAALCO Energy Provides Information on the Effects of Higher Production Rates and Commodity Prices at the Etame Field
Friday October 1, 4:30 pm ET

HOUSTON, Oct. 1 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), announced information for the Etame field for the balance of the year as a result of the recently completed ET-5H development program. With production from the field having been increased from approximately 15,000 BOPD to as high as 23,500 BOPD after completing the Etame 5H well, royalties payable to the government of Gabon will increase. This is due to the staged nature of royalties paid under the production sharing contract, with VAALCO being required to pay a higher percentage royalty rate as its production increases. No material impact is expected on earnings in the third quarter as a result of the increased royalty since the main balance of the oil sold in the quarter was produced prior to the production increase.

ADVERTISEMENT
Additionally, the Company announced information with respect to the taxes payable to the government of Gabon. Under the production sharing contract ("PSC"), the Company is entitled to recover its share of past exploration and development costs and ongoing production costs. Oil retained by the Company to pay exploration, development and production costs is referred to as "Cost Oil". As a result of added production from the Etame-5H well and recent strong commodity prices, the Company expects to recover all of its past exploration and development costs from the cost account by the middle of the fourth quarter of 2004 at current oil prices. At such time as past exploration and development costs are fully recovered, the Company receives Cost Oil only for ongoing production costs. Since the cost account is anticipated to become fully recovered during the middle of the fourth quarter of 2004, and no further major exploration or development costs are anticipated for the balance of this year, the Cost Oil from the middle of the fourth quarter will only consist of production costs, which averaged approximately $6.90 per barrel in the first half of 2004. The remaining oil after deducting royalties and Cost Oil is deemed "Profit Oil". The Company pays taxes in Gabon on Profit Oil, and with the Profit Oil component increasing after the exploration and development costs are recovered, taxes in Gabon will increase accordingly. The impact of the contractual provisions of the PSC due to higher production rates and at current prices could be in the range of reduced earnings of $0.04 to $0.06 per fully diluted share in the fourth quarter of 2004, as compared to if the Cost Oil account contained unrecovered exploration and development costs for the entire quarter.

During the first half of 2005, the Company anticipates sizeable expenditures to bring the Ebouri and Avouma discoveries on to production. The Etame partners also plan to add another producing well to the Etame Field. The Company`s share of these expenditures will be added into its Cost Account thereby decreasing the tax on Profit Oil until the expenditures have been recovered.

The Company anticipates being in a position to update the investment community on Etame reserves associated with the ET-5H development well during the third quarter earnings release conference call. Booking of reserves for the two recently announced discoveries, (the Avouma and Ebouri discoveries), is contingent upon approval of a development plan by the government of Gabon, which the Company expects to seek by year-end.

Production from the Etame Field was approximately 23,500 BOPD shortly after placing the 5H well on production. Production has gradually been decreased over the past several weeks to approximately 22,000 BOPD. VAALCO as the operator believes it is prudent to produce the field at the current rate of approximately 22,000 BOPD (5,250 BOPD net to VAALCO after royalties) while ascertaining reservoir performance. Upon satisfaction of various criteria production may gradually be increased.

Finally, the Company announced that it had received government approval for the Etame partners to enter into the fourth exploration period on the Etame block. The fourth exploration period is for a term of two years from July 7, 2004 and requires the expenditure of a minimum of $5.0 million by the consortium on exploration activities. There is no firm well commitment. The consortium will retain the entire 3,073 square kilometers of area on the Etame block for further evaluation during this new exploration period.

VAALCO`s subsidiary VAALCO Gabon Etame, Inc. operates and owns a 28.07% interest in the Etame Field. The Etame field was placed on production in September 2002 and has produced 11.3 million barrels since startup. Other field partners are PanOcean Energy Corporation Limited (31.36%), Sasol Petroleum West Africa (Ltd.) (27.75%), Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) and Energy Africa Gabon (7.5%).

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, 2003 and other reports filed with the SEC which can be reviewed at http://www.sec.gov , or which can be received by contacting VAALCO at 4600 Post Oak Place, Suite 309, Houston, Texas 77027, [phone].

[benefactor [KommA]]

[benefactor [KommA]]

Sasol Increases Offshore Oil Production in Southern Gabon and Discovers Two New Oil Fields
Wednesday October 6, 5:29 am ET

JOHANNESBURG, South Africa--(BUSINESS WIRE)--Oct. 6, 2004--Sasol (NYSE: SSL - News) today announced increased gross oil production at the Etame oil field, offshore southern Gabon in West Africa, from 15000 to greater than 22000 barrels of oil per day through the successful completion of an additional production well, and also the discovery of two promising new oil fields nearby.

The Etame oil field was discovered in 1998 and started producing oil in September 2002 at a steady rate of about 15000 barrels of oil per day. Sasol has a 27,75% shareholding in this field.

The additional production well, Etame 5-H, has a substantial horizontal section and a tested flow rate of about 9200 barrels of oil per day, pushing overall production at Etame by nearly 50% to in excess of 22000 barrels a day.

Sasol chief executive, Pieter Cox, says: "The success of the additional well and the discovery of these new oil fields reinforce our belief that offshore southern Gabon has the potential to become a significant future cash generator for Sasol."

The latest oil field was discovered at Avouma, about 20 km south-east of Etame and the discovery well flowed at about 6600 barrels of oil per day - the highest ever flow rate achieved to date in Gabon from a vertical exploration or appraisal well.

Avouma follows hot on the heels of the unreported January 2004 discovery of the Ebouri oil field, situated about 11 km north-west of Etame.

Dr Phil Vingoe, managing director of Sasol Petroleum International, added "The success of Etame 5-H and the finds at Avouma and Ebouri mark the end of a very successful drilling campaign in southern Gabon".

Engineering studies to continue to optimise production from the Etame field, and appraisal and development of the Ebouri and Avouma discoveries, are now being undertaken by the operator of the block, Houston-based, Vaalco Energy,Inc.

Sasol Limited subsidiary, Sasol Petroleum West Africa Limited, owns a 27.75% interest in the Etame field. Vaalco Gabon Etame Inc. is the operating principal and holds a 28.07% interest. Other field partners are Pan-Ocean Energy Corporation Limited (31. 36%); Sojitz Etame Ltd. (2.98%); Petro Energy Resources Corporation (2.34%); and Energy Africa Gabon S.A. (7.5%).

Sasol, with a market capitalization of approximately USD 9 billion, is an integrated oil and gas group with substantial chemical interests. Based in South Africa and operating in 15 other countries throughout the world, Sasol is the leading provider of liquid fuels in South Africa and a major international producer of chemicals, using a world leading technology for the commercial production of synthetic fuels and chemicals from low grade coal. In the future Sasol expects to apply this technology to convert natural gas to diesel and chemicals. Sasol manufactures over 200 fuel and chemical products that are sold in more than 90 countries and also operates coal mines to provide feedstock for synthetic fuels and chemical plants. The company also manufactures and markets synthesis gas and operates the only inland crude oil refinery in South Africa. Internet address: http://www.sasol.com

[Paul_Muadib]

bene

das hört sich alles sehr vielversprechend an!!!

paul

[benefactor [KommA]]

Das ist es auch.

[Statistix]

sehr seltsam seit märz verkauft der cfo und president seine shares. jetzt hat er von 100k nur noch wenige Stücke übrig.

Was geht das vor?

[benefactor [KommA]]

SCHEIRMAN W RUSSELL II. hatte eh nur 150000 Aktien und hat schon bei 1 USD Aktien verkauft. Die anderen Insider besitzen noch sehr viele Aktien. Den größten Teil besitzt sowieso BROWN BROTHERS HARRIMAN & CO.. Die halten zig Millionen Aktien und haben noch keine verkauft.

[benefactor [KommA]]

Small Stocks, Big Gains in the Oil Patch

By Melissa Davis
Senior Writer
10/19/2004 6:57 AM EDT


Investors are prospecting for new energy plays -- and hitting paydirt -- outside the normal discovery zones.

Granted, many people continue to pile into gushers like Apache (APA:NYSE - news - research), ConocoPhillips (COP:NYSE - news - research) and Valero (VLO:NYSE - news - research). But some have moved on to more obscure opportunities that, thanks to bullish energy prices, suddenly look like attractive places to drill.

Even veteran producer Penn Virginia (PVA:NYSE - news - research) spotted value in the likes of GMX Resources (GMXR:Nasdaq - news - research). At one time, it seemed, GMX had dug itself into a hole so deep that it didn`t seem to matter whether it was a dry one or not. As recently as last year, in fact, the cash-strapped company found itself unable to drill any new wells at all.

But high-priced natural gas caused Penn Virginia to lend a hand, and a new joint venture has brought success to both parties.

The energy boom has breathed fresh life into several overlooked players, in fact. Now a company like Encore Acquisitions (EAC:NYSE - news - research), which squeezes excess oil from the castoff properties of others, enjoys a little more sex appeal. Vaalco (EGY:Amex - news - research), a tiny company making big discoveries, leaps from the OTC Bulletin Board to the American Stock Exchange. And TransGlobe Energy (TGA:Amex - news - research) -- which simply boasts well-placed properties that might produce "elephants" -- starts to look like a future heavyweight.

Harry Chernoff, an analyst at Pathfinder Capital Advisors, often relies on his deep industry knowledge to research more popular companies. But record energy prices have pushed him to study these less visible names -- and personally invest in most of them.
http://www.thestreet.com/stocks/melissadavid/10188483.html

[benefactor [KommA]]

Attention Getter

Chernoff suspects that his final pick, Vaalco, could eventually catch more attention.

Chernoff himself discovered the company while scanning the news a few months back. When Vaalco announced a new discovery, he says he "saw very large numbers for a very small company." Through further research, he learned that Vaalco owned offshore Gabon properties known for their valuable "Brent-quality" crude. He said that Gabon, located in West Africa, also offers "very favorable tax and operational policies" for international companies.

Chernoff walked away from his research impressed. But he soon turned around and jumped into the stock when it fell, he felt, without good reason.

Chernoff said investors worried when Vaalco announced that it had "temporarily abandoned" a project. But he said "the key word was `temporarily`" because the company fully intended to resume the project after it had finished another well.

Since Chernoff bought Vaalco for around 2 USD a share on the OTC Bulletin Board, the stock has more than doubled and moved on to the energy-dominated Amex. It climbed 1% to 4.94 USD on Friday.

Chernoff expects the run to continue.

http://www.thestreet.com/stocks/melissadavid/10188483_4.html

[benefactor [KommA]]

VectorVest Stock Analysis of Vaalco Energy as of 10/21/2004

Thank you for requesting an analysis of Vaalco Energy from VectorVest. The ticker symbol for Vaalco Energy is EGY. EGY is traded on the American Stock Exchange - (A) http://www.vectorvest.com/


Analysis Summary
EGY is undervalued compared to its Price of 4.95 USD per share, has about average safety, and is currently rated a Buy.

In-Depth Analysis
Business: VAALCO ENERGY INC, (EGY) Explores, develops and produces crude oil and natural gas properties located in Africa, Canada, South America and the Philippines, Texas and the Gulf of Mexico.

Price: EGY closed on 10/21/2004 at 4.95 USD per share

Value: Value is a measure of a stock`s current worth. EGY has a current Value of 9.18 USD per share. Therefore, it is undervalued compared to its Price of 4.95 USD per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock`s Price and Value always will converge.

RV (Relative Value): RV is an indicator of long-term price appreciation potential. EGY has an RV of 1.56, which is excellent on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00.

RS (Relative Safety): RS is an indicator of risk. EGY has an RS rating of 0.92, which is fair on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company`s financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database. VectorVest favors the purchase of stocks of companies with consistent, predictable financial performance.

RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock`s price trend. EGY has a Relative Timing rating of 1.66, which is excellent on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock`s price movements over one day, one week, one quarter and one year time periods. Once a stock`s price has established a strong trend, it is expected to continue in that trend for the short-term. If a trend dissipates, RT will gravitate toward 1.00. RT will explode from bottoms, dive from tops, and reflect changes in price momentum. VectorVest favors the purchase of stocks with RT ratings above 1.00.

VST (VST-Vector): VST is the master indicator for ranking every stock in the VectorVest database. EGY has a VST rating of 1.42, which is excellent on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capital appreciation. VectorVest advocates the purchase of safe, undervalued stocks rising in price.

CI (Comfort Index):CI is an indicator which reflects a stock`s ability to resist severe and/or lengthy price declines. EGY has a CI rating of 1.71, which is excellent on a scale of 0.00 to 2.00. CI is quite different from RS in that it is based solely upon a stock`s long-term price history. VectorVest advocates the purchase of high CI stocks.

GRT (Earnings Growth Rate): GRT reflects a company`s one to three year forecasted earnings growth rate in percent per year. EGY has a forecasted Earnings Growth Rate of 32.00%, which VectorVest considers to be excellent. GRT is computed from historical, current and forecasted earnings data. It is updated each week for every stock in the VectorVest database. GRT often foretells a stock`s future price trend. If a stock`s GRT trend is upward, the stock`s price will likely rise. If GRT is trending downward, the stock`s Price will probably fall. VectorVest favors the purchase of stocks whose GRT is rising and is greater than the sum of current inflation and interest rates, (8.16%).

Recommendation (REC): VectorVest gives a Buy, Sell, Hold recommendation on every stock, every day. EGY has a Buy recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. VectorVest recommends that investors buy high VST-Vector, Buy-rated stocks in rising markets.

Stop (Stop-Price): Stop is an indicator of when to sell a long position or cover a short position. EGY has a Stop of 4.40 USD per share. This is 0.55 USD below EGY`s current closing Price. A stock`s Stop is computed from a 13 week moving average of its closing prices, and is fine-tuned according to the stock`s fundamentals. High RV, high RS stocks have lower Stops, and low RV, low RS stocks have higher Stops. In the VectorVest system, a stock gets a `B` or `H` recommendation if its Price is above its Stop and an `S` recommendation if its Price is below its Stop.

EPS (Earnings per Share): EPS stands for leading 12 months Earnings Per Share. EGY has a forecasted EPS of 0.50 USD per share. VectorVest determines this forecast from a combination of recent earnings performance and traditional fiscal and/or calendar year earnings forecasts.

P/E (Price to Earnings Ratio): P/E is a popular measure of stock valuation which shows the dollars required to buy one dollar of earnings. EGY has a P/E of 9.90. This ratio may be deemed to be high or low depending upon your frame of reference. The average P/E of all the stocks in the VectorVest database is 25.19. P/E is computed daily using the formula: P/E = Price/EPS.

EY (Earnings Yield): EY reflects earnings per share as a percent of Price. EY is related to P/E via the formula, EY = 100 / (P/E), and may be used in place of P/E as a measure of valuation. EY has the advantages that it is always determinate and can reflect negative earnings. EGY has an EY of 10.17 percent. This is above the current average of 3.97% for all the stocks in the VectorVest database. EY equals 100 x (EPS/Price).

GPE (Growth to P/E Ratio): GPE is another popular measure of stock valuation. It compares earnings growth rate to P/E ratio. EGY has a GPE rating of 3.26. High growth stocks are believed to be able to justify high P/E ratios. A stock is commonly considered to be undervalued when GPE is greater than 1.00 and overvalued when GPE is below 1.00. Unfortunately, this rule of thumb does not take into account the effect of interest rates on P/E ratios. The operative GPE ratio of 1.00 is valid when and only when interest rates equal 10%. With long-term interest rates currently at 5.46%, the operative GPE ratio is 0.30. Therefore, EGY may be considered to be undervalued.

[benefactor [KommA]]

VAALCO Energy Announces Third Quarter 2004 Quarterly Results
Monday November 1, 4:30 pm ET

HOUSTON, Nov. 1 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), (the "Company") announced that for the third quarter of 2004 earnings were $9.2 million or $0.30 per basic share and $0.16 per diluted share. This compared to net income of $0.5 million or $0.02 per basic share and $0.01 per diluted share for the comparable period in 2003. Third quarter 2003 earnings included a one time charge to exploration expense of $1.7 million to write off the ET-2V well. The ET-2V well was determined not to be usable in the Phase II development of the Etame field.

Third quarter 2004 revenues were $18.3 million compared to $9.4 million in third quarter 2003. The Company sold 447,000 net barrels at an average price of $40.80 during the third quarter 2004 compared to 333,000 barrels at an average price of $28.26 in the third quarter of 2003. The increased oil sales were due in part to timing differences associated with liftings from the Etame field and from the commencement of production from the ET-5H development well. The ET-5H well went on stream in August 2004 raising field-wide production to in excess of 23,000 BOPD. Subsequent decline caused by pressure interference amongst the wells has the field producing approximately 21,500 barrels oil per day. This compares to approximately 15,000 barrels oil per day production rate before opening the ET-5H well.

For the nine months ended September 30, 2004 the Company earned $18.3 million or $0.74 per basic share and $0.32 per diluted share compared to $4.9 million or $0.23 per basic share and $0.09 per diluted share in the comparable period in 2003. Nine months oil sales were 1,051,000 barrels at an average price of $36.18 per barrel compared to 871,000 barrels at an average price of $28.39 per barrel.

Discretionary cash flow, a non-GAAP financial measure of the amount of cash generated that can be used for working capital, debt service or future investments, was $11.9 million for the three months ended September 30, 2004, and $24.0 million for the nine months ending September 30, 2004.

Robert Gerry, Chairman and CEO stated, "Third quarter earnings benefited from increased production rates as a result of the addition of the Etame 5H development well in August. The well is currently producing at a stabilized rate of 7,800 barrels per day. We also benefited from higher oil prices in the quarter."

"The Etame 5H well developed the western flank of the Etame field. While the well did not materially affect overall Etame reserves, we were able to transfer reserves from the proved undeveloped category into the proved producing category.

"We plan to drill the Etame 6H development well in the Etame field during the second quarter of 2005 to develop additional proved undeveloped reserves. This well has the potential to be the best well in the field as it will be the highest well on structure based on current mapping. Certain facilities for the Etame 6H well were pre-installed when we drilled and completed the 5H well thereby substantially reducing the anticipated costs of the 6H well. As soon as a subsea tree can be manufactured and a rig contracted, we will proceed with the well."

"With respect to our two new discoveries at Ebouri and Avouma, we are continuing preparation of development plans. Development options and costs are being evaluated with a goal towards submitting formal development plans to the Gabonese Government by year-end or soon thereafter."
http://biz.yahoo.com/prnews/041101/dam055_1.html

[Statistix]

jetzt könnten wir auf technischer basis bald überverkauft sein. move war von 2 auf 5,5. nun korrektur. fundamental weiter sehr stark.

[benefactor [KommA]]

VAALCO Energy, Inc. Appoints New Director to Board of Directors
Thursday November 18, 4:49 pm ET

HOUSTON, Nov. 18 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), is pleased to announce, effective November 18, 2004, Mr. William S. Farish has been appointed to its Board of Directors, to serve until the next regularly scheduled Stockholders Meeting.

Mr. Farish served as the United States Ambassador to the Court of St. James from 2001 to 2004. He is President of W.S. Farish and Company, an investment firm in Houston, Texas and is the owner of Lane`s End Farm, a noted thoroughbred breeding facility in Versailles, Kentucky. He is also former Chairman of Churchill Downs, Incorporated, and has served on the Boards of numerous business and civic organizations.

Robert Gerry, Chairman and Chief Executive Officer commented, "VAALCO is extremely pleased to have a man of Mr. Farish`s broad business and political experience join our Board of Directors. His wise counsel and knowledge will serve us well as we continue to seek opportunities to grow our international assets."
http://biz.yahoo.com/prnews/041118/dath041_1.html

[benefactor [KommA]]

VAALCO Energy Updates Gabon Activities
Tuesday December 14, 10:17 am ET

HOUSTON, Dec. 14 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), (the "Company") announced that it has completed preliminary development plans for the Avouma and the Ebouri discoveries located in the Etame Marin Permit offshore Gabon, West Africa. The Company anticipates commencing development of the South Tchibala Field and Avouma discovery by completing a producing well in each field and setting a single platform. The platform will be tied back to the Floating Production, Storage and Offloading (FPSO) system currently operating at the Etame field. The Company will apply to the Gabon government for an exploitation permit over the South Tchibala/Avouma area this month.

The Company also announced its intention to drill, subject to approval by the Gabon government, an exploration well on a new prospect south of the Avouma discovery. The well will be approximately two kilometers south of Avouma and will target both the Gamba and Dentale sandstone sections. Depending on rig availability, the well will be drilled immediately after the ET-6H development well, scheduled for the second quarter of 2005. In the event of a discovery it will become part of the South Tchibala/Avouma production complex.

In the Ebouri area, the Company is currently a participant, with two other companies, in a 696 square kilometer 3D seismic survey to obtain additional data on the Ebouri discovery while also shooting a new prospect that is located in close proximity to the Ebouri discovery. A total of 326 square kilometers of the seismic will be received by the Company. After analyzing the results, the Company anticipates applying for an exploitation permit over the Ebouri area.

The Company further announced that it has completed what is anticipated to be the final lifting in the Etame field for 2004 on December 11, 2004. A total of approximately 627,000 barrels was lifted (approximately 155,000 net barrels) which brings the total barrels lifted for the fourth quarter to 1.7 million barrels (420,000 net barrels).

The Company has reached an agreement with its crude oil buyer for Etame field production to extend its crude oil sales contract for an additional year effective January 1, 2005. The contract will not be executed until it is approved by the Gabon government. Pending this government approval, the Company believes that its crude oil buyer will make purchases of its production from the Etame field at the prices that have been agreed to in the pending contract. The previous marker crude was Dated Brent. Under the old contract, the Company`s crude oil buyer purchased production from the Etame field at a $0.19 discount to Dated Brent. The new marker crude for determining Etame crude pricing will be the Rabi Blend, a sweet crude oil produced onshore in Gabon. Due to a weak worldwide demand for medium sweet crudes Rabi Blend currently trades at a $1.70 discount to Dated Brent and the Etame Crude will trade at a $1.50 discount to Rabi crude. In the past, Rabi Blend has traded at a premium to Dated Brent. The discount or premium at which Rabi Blend trades to Dated Brent in the future will be dictated by market forces. The prices under the contract will be adjusted to reflect changes in the relative price that Rabi Blend trades to Dated Brent.

The Etame Field is currently producing at approximately 19,500 barrels per day. The consortium has agreed to raise the production rate over the next few weeks by opening the choke size on two wells.
http://biz.yahoo.com/prnews/041214/datu020_1.html

[MrRipley]

Danke!

Mich interessieren momentan folgende Dinge:

Weiss das jemand?

-MktKap.
-Eigenkap/Verschuldg.
-wird Aktienanzahl weiter erhöht?
Optionen? Kapitalbedarf?
-KUV
-gibt es historische Fakten(Zahlen) oder Erfolge i.d. Bilanz?
-Geschäftsfeld: Objekte/ Förderung/ Exploration?

-Vorteile gegenüber Konkurrenz?
-Nachteile?
-Lemmingschar zu befürchten oder evt. schon drin?

[benefactor [KommA]]

-MktKap.:
Ca. 230 Millionen USD.

-Eigenkap/Verschuldg.:
Cash: ca. 17M. USD / Schulden ca. 3 M. USD

-wird die Aktienanzahl weiter erhöht?
Die Aktienanzahl wurde nicht erhöht. Bei den Aktien des 1818 Funds handelt es sich um die Aktien die berteits seit 2002 existieren (durch die Aktien wurde die Inbetriebnahme des Etame Feldes finanziert). Es werden jetzt lediglich die diluted shares in oustanding shares umgewandelt. Es wird sich nichts am KGV von Vaalco ändern. Die weiteren Projekte werden ohne Fremdkapital finaziert werden.

-gibt es historische Fakten(Zahlen) oder Erfolge i.d. Bilanz?
Vaalco arbeitet bereits sehr profitabel und hat weitere große Projekte am laufen. Der Gewinn liegt bereits bei 9,2M. USD im dritten Quartal 2004 und wird sich weiter steigern.

-Geschäftsfeld: Objekte/ Förderung/ Exploration?
Offshore Aktivitäten in Gabun Afrika. Im Moment wird erst aus dem Etame Feld Öl gefördert. Die aktuelle Produktion liegt bei ca. 20000 Barrel pro Tag. Das Öl wird auf mehrere Firmen verteilt. Das Working Interest von Vaalco liegt bei 28.07%. Die Förderung des Etame Feldes wird 2005 um weitere 7000 bis 9000 Barrel pro Tag erhöht werden. Ausserdem werden zwei neue Ölfelder in Betrieb genommen werden. (Ebouri und Avouma)

-Vorteile gegenüber Konkurrenz?
Es gibt keine Konkurenz.

-Lemmingschar zu befürchten oder evt. schon drin?
Bei Vaalco handelt es sich um ein nahezu unbekanntes Unternehmen.

[MrRipley]

Danke Dir benefactor, das hört sich sehr gut an

Das Working Interest von Vaalco liegt bei 28.07%
Was heisst Working interest, ich bin dbzg. nicht sehr bewandert

R.R.

[benefactor [KommA]]

Das geförderte Öl wird auf mehrere Firmen verteilt. Vaalco Energy bekommt 28.07%, PanOcean Energy Corporation Limited (31.36%), Sasol Petroleum West Africa Ltd. (27.75%), Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) und Energy Africa Gabon (7.5%).

[benefactor [KommA]]

[MrRipley]

Vaalco hat wohl eine Förderlizens in Arabien bekommen?
Waren ja ausnahmslos Amis am Zuge ...

[benefactor [KommA]]

Vaalco ist nur in Afrika aktiv.

[MrRipley]

warum der Anstieg?

[benefactor [KommA]]

Muss es dafür wirklich einen Grund geben? Es gab einfach mehr Käufer als Verkäufer. Vaalco hat sowieso locker das Potenzial für eine 10+ USD Aktie.

[MrRipley]

hast Recht, sehr blöde Frage

[benefactor [KommA]]

Vaalco beginnt heute mit den Bohrungen im Avouma South Prospect.

KGV aktuell: 8,5
Forward KGV: ca. 5,5

[Elefant1]

@benefactor

Warum hat BROWN BROTHERS HARRIMAN & CO. ca. 36.000.000 shares für $3,85 verkauft? Oder habe ich das bei der SEC falsch gelesen!

Im voraus danke!

[benefactor [KommA]]

Der Deal mit Brown Brothers Harriman wurde von Vaalco eingegangen um das Etame Feld zu finanzieren. Vaalco wurde von Anfang an mitgeteilt das Brown Brothers Harriman nur das Etame Feld finanziert und danach wieder aussteigt. Dieser Deal hat B.B.H. ca. 120 Millionen USD in 3 Jahren eingebracht. Durch den Verkauf der 36 Millionen Aktien 2005 kam es ausserdem zu keiner dilution. Die EPS und PE Angaben wurden seit bestehen des Deals immer mit den B.B.H. Aktien berechnet. Es wurden lediglich die diluted shares zu oustanding shares.

[Kanzler-neu]

Börse Inside, Ausgabe 08/2005

Vaalco Energy - auf günstigem Niveau einsammeln!

Die texanische VAALCO ENERGY erschließt Ölvorkommen im Kongo-Becken vor der Küste Gabuns! Allein das Etame Marin Block-Projekt erstreckt sich über ein Gebiet von mehr als 3000 Quadratkilometern. VAALCO betreibt dieses Vorhaben seit zehn Jahren und ist mit knapp 30 Prozent am Kapital beteiligt. Die Region birgt riesige Ölvorkommen: Experten gehen davon aus, dass vor der zentralafrikanischen Küste 24 Milliarden Fass hochwertiges Öl lagern. Nicht umsonst versucht die amerikanische Regierung schon seit Jahren, Zugriff auf diese Reserven zu schaffen – zumal die Vorkommen strategisch günstig gegenüber der US-Küste liegen. Ziel der Administration in Washington ist es, den Anteil afrikanischer Ölimporte bis 2020 auf 30 Prozent auszuweiten. Das bedeutet, dass Firmen wie VAALCO ENERGY alle Hände voll zu tun haben. Seit September pumpen die Texaner im Etame-Gebiet bereits, was das Zeug hält. Allein aus diesem Feld sprudeln Tag für Tag 19 000 Fass. Zwei weitere Bohrstellen sollen noch in diesem Jahr die Tagesproduktion auf bis zu 25 000 Barrel in die Höhe treiben. Das Projekt rechnet sich ausgezeichnet, denn:

VAALCO ENERGY arbeitet mit einer Nettomarge von satten 41 Prozent! Das ist eine Zahl, die in der Ölbranche nur äußerst selten zu finden ist. Im vergangenen Jahr kletterte der Jahresumsatz um 60 Prozent auf 56,5 Millionen Dollar, der Nettogewinn explodierte sogar um 160 Prozent auf 25 Millionen Dollar – ein Rekordjahr! Einiges spricht dafür, dass sich diese Entwicklung fortsetzen wird, denn die Reservenbasis soll sich bis Jahresende drastisch erhöhen: Dazu tragen gleich vier weitere Felder bei, deren kommerzielle Erschließung in den kommenden Monaten beginnt. Die Regierung in Gabun gab dazu bereits grünes Licht. Auch die Bilanz stimmt bei dieser Gesellschaft: Mit zwei Millionen Dollar langfristigen Verbindlichkeiten und 17 Mio. Dollar cash auf der Bank kann man VAALCO als schuldenfrei bezeichnen. Lassen Sie sich dieses Play, das mit einem ausgezeichneten Chance/Risiko-Profil glänzt und auf den Kauflisten einiger Investmentbanken steht, nicht entgehen (WKN 883016).

[Elefant1]

Ich wollte bei 2 einsteigen, ob das klappt?

Bilanz sieht ja gut aus!

Übrigens Kanzler-neu wie sieht es eigentlich bei San Telmo Energy aus? error!!!!

[FL74]

@kanzler-neu
kannst du oder sonst jemand etwas zum track record von börse inside (v.a. commodity stocks investor) sagen?
danke

[benefactor [KommA]]

VAALCO Energy Announces 223% Increase in First Quarter 2005 Results
Monday May 2, 5:50 pm ET

HOUSTON, May 2 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), (the "Company") announced that for the first quarter of 2005 earnings were $7.3 million or $0.20 per basic share and $0.12 per diluted share. This compared to net income of $3.3 million or $0.15 per basic share and $0.05 per diluted share for the comparable period in 2004. The Company sold 519,000 net barrels at an average price of $44.58 per barrel during the first quarter of 2005 compared to 265,000 barrels at an average price of $30.83 per barrel in the first quarter of 2004. The increased oil sales were due in part to timing differences associated with liftings from the Etame field and from the increase in production as a result of the ET-5H development well. Production was approximately 15,000 barrels of oil per day before opening the ET-5H well and production has been stable at approximately 19,000 barrels per day since December 2004.

Discretionary cash flow, a non-GAAP financial measure of the amount of cash generated that can be used for working capital, debt service or future investments, was $9.8 million for the three months ended March 31, 2005.

Robert L. Gerry, III, Chairman and CEO stated, "First quarter 2005 earnings benefited from increased production rates as compared to first quarter 2004 as a result of the addition of the Etame 5H development well last August. We have just spudded an exploration well, the EAVSM-1, on a prospect south of the Avouma discovery. That well should reach total depth in about 30 days. After the EAVSM-1 well is drilled, we will commence the drilling of the Etame 6H development well to further increase production from the Etame field. Upon a successful completion we anticipate raising field wide production to between 23,000 and 25,000 barrels per day.
http://biz.yahoo.com/prnews/050502/dam067.html?.v=3

[benefactor [KommA]]

Wir haben einen Insiderkauf von 200.000 Aktien zu je 3.55 USD.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=000…

[benefactor [KommA]]

VAALCO Energy Announces Approval of Avouma Development Plan, Signs FPSO Contract Extension and Spuds Wildcat in Southern Gabon
Tuesday May 3, 2:00 pm ET

HOUSTON, May 3 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), (the "Company") announced it has received approval from the Government of Gabon to proceed with the development of the Avouma field, which was discovered last July 2004. The EAVOM-1 well tested 6,600 barrels per day on a 40/64`s inch choke from the Gamba sandstone. The Avouma field is adjacent to the previously discovered South Tchibala field found by Gulf Oil in 1978. With the additional reserves discovered by the EAVOM-1 well, the combined accumulations are deemed commercial.
Plans call for the installation of a platform and drilling of two development wells to produce the South Tchibala/Avouma accumulations. The platform will be tied back via a pipeline to the floating production, storage and offloading facility ("FPSO"), which is currently servicing the Etame field. The estimated cost of the development is approximately $65 million for the platform, wells and pipeline ($19.5 million net to VAALCO). Production from the development is expected to commence in the second quarter of 2006.

To ensure the availability of the FPSO to produce Etame, South Tchibala and Avouma, the Company signed a contract extension as operator with the FPSO owners. The extension allows the consortium to keep the FPSO through 2012, and gives the consortium the option to purchase the FPSO at the end of the contract on favorable terms. The Company`s independent reserve engineers report has the fields producing until at least 2015. The contract extension provides for annual reductions in the day rate for the FPSO in each year of the term. As a result of signing the extension, VAALCO has commenced certain modifications of the tanker to allow for gas lifting of the Etame wells, and will perform future activities to expand the capacity of the tanker to handle additional production.

Separately, and as previously announced, VAALCO has spudded the EAVSM-1 wildcat well on a prospect south of the Avouma field. The well will test a separate Gamba sandstone structure adjacent to the existing Avouma discovery. Total depth of the well is anticipated to be approximately 8,800 feet, and should take 30 days to drill.

Mr. Robert Gerry, Chairman and CEO of the Company stated, "VAALCO and its partners continue to aggressively pursue maximizing the potential of the Etame Marin permit. Upon completion of our exploration well, we will move the rig to the Etame field to drill and complete the Etame 6H well. Production from that well should commence in July 2005."
http://biz.yahoo.com/prnews/050503/datu082.html?.v=2

[benefactor [KommA]]

Wichtigste Conference Call Termine/Ereignisse:

Mai/Juni 2005: exploration well Ergebnisse (avouma south)
Juli 2005: 6 th Etame well ca. 6000 BOPD
Ende 2005: Lead A und N.Tchibala Erforschung
2006: 2 wells (wurden 2004 schon getestet) 2x ca. 6000 BOPD + avouma south well, wenn erfolgreich.

Vaalco sucht ausserdem aggressiv nach weiteren Projekten in Afrika und ausserhalb Afrikas.

[benefactor [KommA]]

VAALCO Energy Results of EAVSM-1 Well and Award of Platform Contract for Avouma
Monday May 23, 10:03 am ET

HOUSTON, May 23 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), (the "Company") announced that it has reached total depth on the EAVSM-1 exploration well offshore Gabon and that logs revealed that no hydrocarbons were encountered in the objective sands. After completing the logging operations to gather data on the well, the well will be plugged and abandoned. The rig is expected to move later this week to commence the drilling of the Etame 6H development well to increase production at the Etame field.

Separately, VAALCO announced that it has issued a letter of intent to Gulf Island, LLC of Houma, Louisiana to build the platform to develop the Avouma field. The bid award is subject to execution of a definitive contract expected to occur shortly. Construction will begin immediately thereafter at their yard.

Mr. Robert Gerry, Chairman and CEO of VAALCO stated "while the lack of a discovery on the South Avouma wildcat prospect is disappointing, it does not detract from our overall plan to increase production at the Etame field with the ET-6H development well, and to move forward with plans to develop the Avouma field in 2006. Upon receipt of the processed 3-D seismic over the Ebouri prospect this fall, we expect to prepare and submit to the government of Gabon a development plan for that discovery as well. We will also be looking at other exploration prospects to drill in the near future."

(Die Unkosten für die "Dry Hole" werden für Vaalco ca. bei 2-4 Millionen USD liegen.)

[benefactor [KommA]]

Gestern wurde beim Annual Meeting of Stockholders in Houston bekannt gegeben, dass sich Vaalco mit Forest Oil in Verhandlungen über den "Forest Oil Block" in Gabun befindet.



Karte:
Forest Oil: rosa
Vaalco: gelb

[Steigerwälder]

Servus Bene,
ich schau mir die Geschichte um Vaalco schon länger an. Scheint ein interessanter Wert zu sein.

Die Wirtschaftswoche hat Ende März mal was dazu geschrieben:

Vaalco Energy für Spekulative
Die Experten der "Wirtschaftswoche" halten die Aktie von Vaalco Energy (ISIN US91851C2017/ WKN 883016) für den spekulativ veranlagten Anleger für interessant. Die US-Gesellschaft fördere im Kongo-Becken, vor der Küste Gabuns, Ölvorkommen. In 2004 habe das Unternehmen 1,5 Mio. Barrel Öl verkauft. Die Tagesproduktion habe bei 19.000 Barrel gelegen und solle im aktuellen Jahr auf 23.000 bis 25.000 Barrel erhöht werden. Die Umsätze seien in 2004 um 60% auf 56,5 Mio. USD und der Nettogewinn um rund 160% auf 23 Mio. USD gesteigert worden. Per Ende 2004 habe Vaalco Energy über gesicherte Ölreserven in Höhe von 8,7 Mio. Barrel verfügt. Dieser Wert dürfte sich bis Ende des Jahres nach Abschluss seismischer Untersuchungen erhöhen. Der Titel laufe seit sechs Monaten seitwärts, nachdem er zuvor deutlich zugelegt habe. Die Experten würden einen Test des seit Ende 2003 gültigen aufwärts gerichteten Trends erwarten. Die Aktie von Vaalco Energy ist die spekulative Variante unter den Öltiteln, so die Experten der "Wirtschaftswoche".

Am wichtigsten bei einem Ölwert sind mir v. a. die Reserven. Die "gesicherten" R. von 9 Mio sind natürlich ein Witz. Diese sollen ja durch neue Untersuchungen erhöht werden. Gibt es seriöse Schätzungen wie hoch die tats. Reserven sind? Bei einer MK um die 200 Mio dürfen da schon 30-40 Mio Barrel drinliegen , dass sich ein Invest lohnt.

[benefactor [KommA]]

Die neuesten Werte die ich von Vaalco habe sind diese:



Ansonsten wird es in nächster Zeit einen Zukauf von Vaalco geben, der auch dazu beitragen wird die Reserven zu erhöhen.

[Steigerwälder]

Danke, bene für die schnelle Anwort. Die 44 Mio liegen über dem was ich als investitionswürdig eingeschätzt hab.
Aber was sollen die hässlichen 0,21 (Prob. of Succes) hinter dem Lead A?



Gibt es Hinweise, dass sich die Reserven weiter erhöhen? In der Wiwo Einschätzung war die rede davon.

[benefactor [KommA]]

Die neuen Lead A Untersuchungen fangen erst an. Die Angaben sind teilweise schon über 20 Jahre alt und von (ich glaube es war Exxon).

Gibt es Hinweise, dass sich die Reserven weiter erhöhen?

Bis jetzt sind sowieso nur die Etame Field Reserves als Proven Reserves in der Bilanz vorhanden. Also werden sich die Proven Reserves erhöhen, wenn die neuen Ölfelder angeschlossen sind. Die Etame Reserven sollen laut CEO zudem größer sein als die bereits bekannten. Ausserdem werden weitere Akquisitionen getätigt um die Reserven zu erhöhen.

[Steigerwälder]

Das hab ich mir gedacht, das da erst noch gesucht wird. Die Wahrscheinlichkeiten für Funde sind ja teilweise unter 50%. Aber die Zahlen zu den Wahrscheinlichkeiten dürften ja unzuverlässig sein.


Du hast dich ja anscheinend schon etwas intensiver mit dem Laden beschäftigt. Was schätzt du wieviele Reserven Vaalco tatsächlich haben könnte?

[benefactor [KommA]]

Die Sache ist doch viel zu komplex um eine wirklich gute Schätzung abzugeben. Asserdem werden neue Projekte dazu kommen, die noch nicht kalkulierbar sind.

[Steigerwälder]

Durch diese ehrliche Einschätzung unterscheidest du dich wohl von den üblichen Pushern. (Bei Energulf die noch keine Probebohrung in Aussicht haben, weiß schon jeder der Poster, dass mind. 3. Md. Barrel gefunden werden. )

Sicher scheint, dass deutlich mehr als die 9 Mio im Boden liegen. Sonst wären die jetztigen Fördermengen wahrscheinlich gar nicht möglich. Alles andere ist Spekulation, allerdings mit einem soliden Netz.

[benefactor [KommA]]

Ja, Energulf ist so eine dubiose Geschichte. 1999 wurde durch Namibia`s National Petroleum Corporation (Namcor) und ihrem angolanischen Gegegestück Sonangol die Lizenzen der Offshore Ölgebiete vergeben. Vanco Energy sicherte sich die Rechte an Block 1711 (Namibe Basin). Vanco wollte eigentlich 2003/2004 mit Testbohrungen beginnen fand aber keinen Partner und erneuerte die Lizensen somit nicht mehr. Die letzte Lizenzrunde fand Ende 2004 bis Anfang 2005 in Houston und London statt. Anscheinend hat sich Energulf dort 25% der Explorations Rechte für den 1711 Block gesichert. Das ist ja schön und gut, aber da hat sich wohl kein anderer dafür interessiert. Die anderen 75% liegen somit immer noch in den Händen von Namcor . Soll jetzt etwa Energulf Partner für die anderen 75% suchen die ihnen gar nicht gehören? Das ist wohl eher die Aufgabe von Namcor und so etwas geschieht bei offiziellen Lizenzrunden die alle paar Jahre abgehalten werden. Irgendwie ist die Sache total schiefgelaufen für Energulf. Ausserdem habe ich nie irgendwo die finaziellen Vereinbarungen zwischen Energulf und Namcor in einem Sedar Filing gesehen. Die werden wohl nicht kostenlos gewesen sein, oder etwa doch? Na ja die nächste Promotion Tour (Lizenzrunde) wird es in ein paar Jahren wieder geben.

Hier sind übrigens die aktuellen Lizenzgebiete mit den dazugehörigen Inhabern.

[benefactor [KommA]]

VAALCO Energy, Inc. Announces Successful Completion of Etame-6H Well
Monday August 1, 1:21 pm ET

HOUSTON, Aug. 1 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), announced that the Company has successfully completed the Etame-6H well and tied the well into the Floating Production, Storage and Offloading vessel offshore southern Gabon. The well is producing at a rate of 6,100 BOPD on a one inch choke from the Gamba formation. The well was drilled horizontally through the upper portion of the Gamba sandstone for a distance of approximately 1500 feet and completed with a gravel-packed liner. The ET-6H well is completed at the highest point in the reservoir of any well completed at Etame.

Robert Gerry, Chairman and CEO, stated, "With the completion of the Etame-6H well, we increased our proved developed reserves by approximately two and one half million net barrels. At the current choke setting, the well brings total field production to approximately 24,000 barrels of oil a day. Over the next few days, we will evaluate the effect of the ET-6H well on the existing wells before making any further adjustments to field production rate.

"Our next project is the development of the Avouma/South Tchibala discoveries south of the Etame field. We have commenced construction of the platform for this development and are planning for installation of the platform during the second quarter of next year. The development will be a two well project, anticipated to add production of approximately 10,000 barrels oil per day."

Concurrent with the startup of the ET-6H well, VAALCO completed a lifting for the consortium for approximately 500,000 barrels on July 31, 2005.
http://biz.yahoo.com/prnews/050801/dam042.html?.v=19

[lopinsky]

Upps!
Da ging es die letzten Tage zur Sache!
-25 % (High am 10.08. / Low 18.08.)

Das schreit nach einer Gegenbewegung ! Ev. ist die scharfe Korrektur schon beendet.
Bin mit kleiner Pos. eingestiegen am 18.08. bei 4,37 €

Gruß
L.

[Looe]

Sieht interessant aus. Bin mit einer Position zu 3.55 E dabei und werde vielleicht noch mal aufstocken.

[Pickering_Esq]

Sieht sogar sehr interessant aus. Vor allem auf lange Sicht.
Bin seit 3,52 dabei.

[Hadock]

Hallo,

halte Vaaclo bereits seit 2 Monaten. Bin eher zufällig auf den Wert gestossen, ich halte die Region(West-Südwestafrika) für sehr aussichtsreich im Bezug auf kommende Ölfunde und Öl-Förderung und Vaalco ist mit dabei.

Gruß Hadock

[Fredmuck]

Hallo,
ich bin auch dabei, seit 3,41€. Viel Glück uns allen.

[lopinsky]

Hallo allerseits,
habe mein Kaufkurs falsch angegeben.
Wie man sehen kann war am 18.08.05 der Kurs
nie bei 4,37 €.
Mein Einstieg war bei 3,37 €
peinlich, peinlich...

Gruß
L.

[Fredmuck]

Aber da soll der Kurs ja noch mal hin.

[Woodly2712]

Servus Miteinander!

Ich frage mich allen Ernstes ob ich ein wenig in Vaalco investieren sollte.

Habe mir gerade die Website und die Zahlen von Vaalco durchgesehen, auch die Ergebnisse für das erste Halbjahr 2005 (die unter dem 1. Halbjahr 2004 liegen).

Der durschnittliche Ölpreis lag im ersten Halbjahr um die 60 Dollar pro Barrel. Der durchschnittliche Verkaufserlös bei Vaalco im 2. Quartal 2005 lag jedoch nur bei 48,41. Kann mir jemand darlegen wieso?

Im ersten Halbjahr lag der Gewinn pro Aktie bei 0,21 Dollar. Mal angenommen der Gewinn für das Gesamtjahr 2005 liegt bei 0,42. Dann entspräche das nach meiner Rechnung einem KGV-2005 von 10,3. Keine Ahnung ob das günstig ist.

Eure aktuelle Einschätzung? Warum sollte man in Vaalco investiert sein?

[benefactor [KommA]]

Habe mir gerade die Website und die Zahlen von Vaalco durchgesehen, auch die Ergebnisse für das erste Halbjahr 2005 (die unter dem 1. Halbjahr 2004 liegen).

Die Zahlen vom zweiten Quartal 2005 fielen schlechter aus, da nicht alles Öl im zweiten Quartal an Shell verkauft wurde. Dieses Öl wurde Anfang Juli verkauft und fällt somit unter das dritte Quartal 2005. Ausserdem kam Vaalco in die höchste Steuerklasse von Gabon (höhere Produktion) und musste somit mehr Steuern zahlen.

Der durschnittliche Ölpreis lag im ersten Halbjahr um die 60 Dollar pro Barrel. Der durchschnittliche Verkaufserlös bei Vaalco im 2. Quartal 2005 lag jedoch nur bei 48,41. Kann mir jemand darlegen wieso?

Der Tag des Liftings ist aussschlaggebend für den Verkaufspreis des Öls. Das Öl von Vaalco wird an Shell verkauft und liegt immer 3 Dollar unter dem aktuellen Marktpreis. Ende Juli ging Vaalco einen Hedge-Vertrag ein, indem 40% des Öl nicht höher als 63 Dollar, aber auch nicht weniger als 47 Dollar verkauft wird. Die restlichen 60% des Öls werden wie oben beschrieben verkauft. Die aktuellen Liftings des Konsortiums kannst du dir unter folgendem Link anschauen. http://www.vaalco.com/liftings.html

Im ersten Halbjahr lag der Gewinn pro Aktie bei 0,21 Dollar. Mal angenommen der Gewinn für das Gesamtjahr 2005 liegt bei 0,42. Dann entspräche das nach meiner Rechnung einem KGV-2005 von 10,3. Keine Ahnung ob das günstig ist.

Im dritten und vierten Quartal werden Einahmen von jeweils 0,18 Dollar erwartet. Der Gewinn für das Gesamtjahr dürfte bei ca. 0,57 Dollar liegen. 2006 werden zudem weitere 10000–15000 BOPD dazu kommen durch die Inbetriebnahme eines neuen Ölfeldes, das schon 2004 erfolgreich getestet wurde.

Eine Ölaktie mit einem günstigeren KGV und diesem Wachstum wirst du wohl kaum finden. Zudem hat Vaalco keine Schulden und genug Cash um diese und weitere Projekte zu finanzieren.

[Oekofan]

@ benefactor

Der Thread gefällt mir, besonders die sachlichen Informationen, die Du gibst. Inzwischen bin ich auch mit einer Anfangsposition bei Vaalco investiert. Zahlen und Perspektiven gefallen mir und ich werde weiter kaufen.
Ich habe versucht, mir den Geschäftsbericht zusenden zu lassen; das ist jedoch im Geflecht der Internetserver hängengeblieben.
Vielleicht kannst Du mir eine Frage zu den Zahlen von Vaalco beantworten:
Basic Income / share und Diluted income / share sind extrem weit auseinander. Bisher kenne ich den Begriff "dilutet" in dem Sinn, dass alle ausgegebenen Optionen bei der Berechnung der Aktienzahl mit einfließen. Ist das hier auch so?

Gruß
Oekofan

[benefactor [KommA]]

2002 wurden 10000 preferred stocks ausgegeben an Brown Brother Harriman (1818 Fund) um das Etame Field zu finanzieren. Diese preferred stocks wurden jedoch erst im März 2005 umgewandelt in common stocks und anschließend an mehrere Inmvestmentbanken verkauft. Dies ist der Grund warum in den vorigen Jahren die basic und diluted Earnings so weit auseinander lagen.

basic: common stocks outstanding
diluted: preferred stocks, common stocks, options

Seit März 2005 gibt es diese preferred stocks von Vaalco nicht mehr und die diluted shares bestehen somit nur noch aus common stocks und options.

MfG
benefactor

[Woodly2712]

[posting]17.852.916 von benefactor am 10.09.05 13:49:05[/posting]Danke für Deine Erläuterungen, das ist sehr hilfreich.

Das mit mit KGV sehe ich zwar ein wenig anderst, schließlich werden Unternehmen wie beispielsweise Petrobras mit einem KGV (allerdings für 2006) von <10 bewertet. Aber seis drum.

Also mal ganz rationell betrachtet: welches Kurspotential ist hier Deines Erachtens versteckt wenn man mal so 1-2 Jahre in die Zukunft blickt und von einem durchschnittlichen Ölpreis am Markt von ca. 58 Dollar ausgeht?

Nächstes Jahr soll ja die Kapazität ausgeweitet werden. Ist bereits bekannt wie dies finanziert wird?

Schöne Grüße

[benefactor [KommA]]

Das mit dem KGV sehe ich zwar ein wenig anderst, schließlich werden Unternehmen wie beispielsweise Petrobras mit einem KGV (allerdings für 2006) von < 10 bewertet. Aber seis drum.

Die Gewinnschätzungen für Petrobras Energía Participaciones S.A. (NYSE:PZE) liegen für 2005 bei 1,56 USD und 2006 bei 1,78 USD. Große Unternehmen wie PZE wachsen im Verhälnis viel langsamer als kleine Unternehmen wie z.B. Vaalco Energy, da ein Wachstum in diesem Ausmaße kaum mehr möglich ist.

Also mal ganz rationell betrachtet: welches Kurspotential ist hier Deines Erachtens versteckt wenn man mal so 1-2 Jahre in die Zukunft blickt und von einem durchschnittlichen Ölpreis am Markt von ca. 58 Dollar ausgeht?

Die Gewinnschätzungen für Vaalco Energy Inc. liegen für 2005 bei 0,57 USD und 2006 bei 0,83 USD. Ausserdem werden in den nächsten Jahren noch weitere Projekte dazu kommen
die weiteres Potenzial bieten. Also 8 - 10 USD dürfte die Aktie in den nächsten 2 Jahren bestimmt wert sein und wenn erst mal Momentum mit ins Spiel kommt einiges mehr.

Nächstes Jahr soll ja die Kapazität ausgeweitet werden. Ist bereits bekannt wie dies finanziert wird?

Die Kosten für Avouma betragen insgesamt 70 Millionen USD und 52 Millionen USD für Ebouri. Diese Kosten werden unter den Partnern (PanOcean Energy Corporation Limited (31.36%), Sasol Petroleum West Africa (Ltd.) (27.75%), Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) and Energy Africa Gabon (7.5%) aufgeteilt. Vaalco muss davon 21,2 Millionen USD für Avouma und 15,8 Millionen USD für Ebouri bezahlen.

Vaalco verfügte Ende Juni schon über 38,5 Millionen USD und pro Quartal kommen weitere Millionen dazu. Ausserdem ist Vaalco im Besitz eines revolving Kredits in Höhe von 30 Millionen USD. Vaalco muss also keine neuen Aktien ausgeben um diese Projekte zu finanzieren.

MfG
benefactor

[Oekofan]

[posting]17.858.286 von Woodly2712 am 11.09.05 19:45:20[/posting]Zum Vergleich Vaalco mit anderen Ölförderern. Die großen Player auf dem Markt können nur in kleinen Schritten organisch wachsen. Vaalco hat eine Größe, bei der Erfolge bei der Ölsuche extreme Wachstumsraten bringen.
Bei Petrobras sollte man den Einfluß des brasilianischen Staates berücksichtigen, der für andere Aktionäre sehr kostspielig sein kann (der Staat gibt vor, Petrobras zahlt). Bei ebenfalls günstigen russischen Firmen (bezogen aufs KGV) ist das Länderrisiko hoch, mittelfristig sollte man dort nichts ausschließen.
Da ist mir ein Unternehmen wir Vaalco lieber (auch wenn ich bei Lukoil investiert bin). Bei Vaalco baue ich mein Investment aus.

[Woodly2712]

@ Oekofan
@ benefactor

Nochmals Danke für eure Ausführungen. Es gibt wenige Threads auf WO in denen so sachlich gepostet wird wie hier.

Das mit dem politischen Risiko in Ländern wie Brasilien, Rußland usw sehe ich ein wenig anderst. Oder soll Gabun etwa stabiler sein? Allerdings habe ich kein Problem damit in entsprechende Märkte zu investieren.

Wenn ich das richtig sehe sind alle relevanten Einnahmen (außer das bischen in Texas) aus Etame. Oder habe ich was übersehen?

[hixmen]

VAALCO Energy, Inc. Updates Gabon Activities

HOUSTON, Sept. 12 /PRNewswire-FirstCall/ -- VAALCO Energy (Nachrichten), Inc. , today announced that the Etame consortium has elected to stabilize the production of the Etame Field at between 17,000 and 18,000 barrels of oil per day. The higher initial production levels experienced with the addition of the Etame 6H well resulted in pressure interference with nearby wells and some declines in their productivity. Rather than risk local pressure decline, and possible damage to the reservoir, the Etame ET-3H well will be shut in. By resetting production the consortium expects improved aquifer support and stable production. The Etame ET-6H well, which has produced at rates in excess of 7,000 barrels oil per day, is the structurally highest well in the field. This well will ultimately recover attic oil that could not have been recovered by any of the other wells in the field.

Robert Gerry, Chairman and CEO, stated, "We would like to produce the field at higher rates, but prudent reservoir management requires us to take these actions. This decision is not an indication of any less oil in place in the field. The importance of maintaining sufficient aquifer support exceeds the benefits of accelerating cash flow in the near term if we are going to recover the maximum amount of reserves from the field."

On the Avouma development project, the Company announced that the fabrication yard building the production platform reopened on Tuesday September 6, 2005 after a ten day shut down for Hurricane Katrina. The Company is assessing additional costs and delays that may occur as a result of other manufacturers of platform equipment that are still shut down. The manufacturers have indicated that no damage occurred to our equipment, but until such time as the return of power infrastructure is known, it is difficult to assess the nature of delays for completing this equipment. The Company currently believes a delay of between 30 to 90 days for the Avouma project is possible.

VAALCO`s next scheduled lifting for the consortium is set for approximately 600,000 barrels in mid September which will bring total oil sales from Etame to approximately 18 million barrels since inception. The Company expects to report third quarter results during the first week in November.

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 wells. 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, 2004 and other reports filed with the SEC which can be reviewed at http://www.sec.gov/ , or which can be received by contacting VAALCO at 4600 Post Oak Place, Suite 309, Houston, Texas 77027, [phone].
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050215/VAALCOLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk [e-mail]

[Art Bechstein]

[posting]17.870.421 von hixmen am 12.09.05 21:30:49[/posting]Outch !!!! Kaufkurse oder Ausstiegschance?

Meinungen?

[Woodly2712]

Gute Frage Art

[warrenebuffett]

[posting]17.871.197 von Art Bechstein am 12.09.05 22:38:18[/posting]natürlich kaufen, wie Buffett, Unternehmen in kurzfristiger, aussergewöhnlicher Situation, aber langfristige Gewinnsstory intakt

[Woodly2712]

Stuttgart VAW EUR 3,65 3,09 - 0,560 - 15,34 % 4.635 1.500 13. Sep 09:0

Aktuell -15% in Stuttgart??????!!!!!!

[Woodly2712]

Ist der Kurssturz nicht überzogen? Gibt es Meinungen hierzu?

[benefactor [KommA]]

Der Gewinnwachstum für 2005 und 2006 wird einfach geringer ausfallen. Im dritten Quartal werden zwar um die 0,18 USD eingenommen werden, aber im vierten Quartal werden wohl nicht mehr als ca. 0,12 USD rausspringen. Erst wenn die neuen Ölfelder 2006 angeschlossen sind, werden die Earnings signifikant gesteigert werden können. Aber günstig ist Vaalco auf jeden Fall bewertet, zumal Vaalco gestern auch noch satte 20% in die Binsen ging.

Die kurzfristige Reaktion ist nätürlich nicht schön und es wäre möglich das wir die Tiefstkurse von 2005 noch mal angreifen werden, aber langfristig hat sich eigentlich nichts geändert. Die Reserven bleiben immer noch gleich, nur die Produktion ist wieder auf dem stand von Juli 2005, bevor Etame 6H gebohrt wurde.

[Steigerwälder]

Auf einen Kurzsturz wie jetzt warte ich schon länger. Ich werde ihn nutzen um mich zu positionieren.



Zu Woodly:
Ein Länderrisiko sehe ich überhaupt nicht. Die Anlagen sind alle Offshore. Da können Rebellen auf dem Festland Theater veranstalten wie sie wollen. In Angola gab es 15 Jahre Bürgerkrieg. Währenddessen wurde die Offshore-Förderung Stück um Stück zu einer der größten der Welt ausgebaut.


Zu Petrobras:

Die "Petrobras Energía Participaciones" hat mit dem Förderer "Petroleo Brasiliereo" nur am Rande zu tun. (Ich glaube Tochtergesellschaft oder sowas...)
Petrobras hat ein KGV von 6 und ist meine 2.größte Ölposition im Depot. Kann man sich , so finde ich mal näher ansehen.
http://finance.yahoo.com/q?s=PBR-A
http://www2.petrobras.com.br/portal/ingles/InvestorRelations…


Ansonsten: Kompliment an Bene für die seriösen und fundierten Kommentare zu Vaalco.

[Barone]

Ich denke auch das der Kursrückgang doch etwas überzogen war, da brach wohl gestern die Panik aus.

Ich warte heute auf jeden Fall mal den Start an der AMEX ab und habe mir schon mal ein paar Dollars zur Seite gelegt um nachzukaufen.

[Woodly2712]

So! Ich bin jetzt mal mit dabei. Hätte ich vielleicht heute morgen machen sollen zu 2,98. Naja.

Schaun mer mal.

[Art Bechstein]

wow - mein Limit kurz nach US Börseneröffnung hat ja erstaunlicherweise gegriffen - bin also jetzt auch mit dabei.

[Hopi1]

moin,

habe in der letzten woche ein paar gewinne mit amera gemacht (man muss auch wieder aussteigen koennen...) und bin heute auch eingestiegen (hatte den wert auch schon laender auf der wl). leider zu 3.07

dann wuensche ich und allen mal viel erfolg.

hopi1

[matthiasch]

dicker, fetter Nachkauf heute...
Ich sehe das ähnlich: Da die Meldung gestern Abend erst kurz vor Schluss kam, spielte die Panik eine nicht zu verachtende Nebenkomponente, die man nutzen sollte.

Zwar kann man nun argumentieren, dass der Kurseinbruch auch nur parallel und in gleicher Höhe wie der Gewinneinbruch erfolgte. Dennoch sehe ich Vaalco als fundamental hervorragendes Invest. Mit gelegentlichen Misserfolgen muss man in dieser Preisklasse rechnen. Für die aktuelle Positionierung gerade zu diesem Kurs eine hervorragende Chance.

[Woodly2712]

AMEX derzeit +5%

Umgerechnet in Euro ca. 3,10. Bin gespannt ob sich der Kurs bei in den nächsten Tagen wieder ein wenig erholt. Den heutigen Rückschlag in dieser Höhe halte ich für übertrieben.

[Art Bechstein]

AMEX +6,9%; 3,14 Euro aktuell

[benefactor [KommA]]

So werden ungefähr die Einnahmen ausfallen, wenn es keine weiteren Komplikationen gibt.


Gewinn pro Aktie (in USD):

Q3 05: 0.21

bei 50 USD pro Barrel (47 für USD Vaalco)
Q4 05: 0.11
2005: 0.53
2006: 0.53
2007: 1.14

bei 55 USD pro Barrel (52 für USD Vaalco)
Q4 05: 0.13
2005: 0.55
2006: 0.61
2007: 1.30

bei 60 USD pro Barrel (57 für USD Vaalco)
Q4 05: 0.15
2005: 0.57
2006: 0.69
2007: 1.46

bei 65 USD pro Barrel (63 für USD Vaalco)
Q4 05: 0.17
2005: 0.59
2006: 0.77
2007: 1,62

[Woodly2712]

Wenn ich von 55 Dollar pro Barrel ausgehe wäre das ca. ein KGV 2006 von 6,2!!

Da kann man dann nicht meckern.

[lopinsky]

Hallo,
alle Aussichten in Ehren,
m.E. sehen wir nochmal den Test der Low`s
vom 12.+13.09.05 ( 3,52-3,60 USD)!

Wenn der o.g. Bereich hält,
kauf ich nach.

Gruß
L.

[OpaQ]

[posting]17.891.578 von benefactor am 14.09.05 11:45:45[/posting]Bin bei Vaalco nicht mehr ganz auf der Höhe, weil ich viel anderes gemacht habe. Aus welchem Grund sollte nochmal der Umsatz/Erlös 2007 so sprunghaft steigen? Da gibt es doch sicher eine vernünftige Begründung.

[Steigerwälder]

[posting]17.917.801 von OpaQ am 16.09.05 07:26:42[/posting]Von den 5 Feldern im Sektor von Vaalco (Übersichtskarte unter http://www.vaalco.com/gabon.html ) wird im Moment nur eines (Etame) beackert. Wahrscheinlich geht 2007 mindestens ein, wenn nicht mehr der Felder ans Netz.

[OpaQ]

@Steigerwälder: Danke, hab mich inzwischen wieder eingelesen.
Es waren ein paar hektische Tage bei meinen anderen Werten. Der heutige Hexensabbat verläuft auch anders als von allen erwartet.
Bei Vaalco kann man wohl zuversichtlich sein, wenn der Anlagehorizont länger als ein paar Wochen ist. Hab mir vorhin noch ein paar Stücke dazugenommen und werde mich nun wieder um die Dickschiffe im DAX kümmern, die mir im Moment auch Freude machen.

Mal ´ne allgemeine Frage an die Explorer-Experten hier: Wie ist es mit jahreszeitlichen Fördermengen-Schwankungen (besonders in Sibirien) bestellt? Geht es im Winter dort weiter oder wird die Zeit mit Wartungen überbrückt?

[Steigerwälder]

Während der Exploration kann es in den kalten Regionen (Nicht nur in Sibirien ) zu Schwierigkeiten kommen. Läuft die Förderung erstmal sollte es keine Probleme mehr geben.

[Barone]

Neue Unternehmensnachricht:

"21-Sep-2005

Other Events, Financial Statements and Exhibits

Item 8.01 Other Events
On September 12, 2005, VAALCO Energy, Inc. announced that the Etame consortim had elected to stabilize the production of the Etame Field at between 17,000 and 18,000 barrels of oil per day.

The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information contained herein and in the accompanying Exhibit 99.1 shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by VAALCO Energy, Inc., whether made before or after the date hereof and regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing to this Current Report on Form 8-K.


Item 9.01 Financial Statements and Exhibits.
(c) Exhibits

99.1 Press Release issued by VAALCO Energy, Inc., on September 21, 2005. "

Scheint ziemlich einzuschlagen , der Kurs stieg mal so um knappe 10 % in 20 Minuten...

[benefactor [KommA]]

@Barone

Diese Nachricht ist alt und hatte mit dem Anstieg gestern nichts zu tun. Diese Nachricht war sogar der Auslöser der panikartigen Verkäufe von letzter Woche.

Der Auslöser war die Empfehlung von Jim Cramer auf CNBC.

[Woodly2712]

Also ich bin erst mal nicht unzufrieden wie sich der Kurs erholt hat

[Gulliver]

aus dydd:

EGY: Q3 2005 Earnings Estimates
Posted: 10-12-2005 09:20 AM
For what its worth, here are my estimates for Q3. Also, as long as oil price stays above $56-$57 range, I expect the company to earn at least $0.12 to $0.14 per future quarters (also assuming the company will lift about 1.4M gross barrels per quarters). I think 1.4 M barrels per quarter is reasonable, since the company is producing about 18,000 gross barrels of oil per day.

Also, its been more than six months since the BB Funds sold their large holding in the company. After this event, the management has said that they are now able to aggressively grow the company. I believe the management has been diligently pursuing new leaseholds to the company`s reserves. I fully expect the management to accompish this goal and would participate in new concession before the Avouma develpoment in Q3/Q4 2006. In my humble opinion, I believe the management is solid (although a bit on the conservative side) and they will ultimately shareholder`s value.

Anyway, here are my Q3 numbers:

1-Jul-05 245,852
29-Jul-05 498,914
29-Aug-05 510,432
19-Sep-05 598,688
Total 1,853,886

Barrels of oil due to Vaalco during 3Q (after royalty):
Gross Barrels: 1,853,886
Working Interest: 28.07%
Royalty Rate: 15.00%
Net Barrels Sold: 442,327.93

3Q Avg Sell Price:
July: $54.50
August: $62.50
September: $63.00
Avg Sell Price: $59.45

Avg Sell Price: $59.45
Production Cost (Cost Oil): $7.00
Profit Oil Before Cost Account: $52.45

Revenue After Production Cost: $23,199,042.56

Revenue Subject to Cost Acct Adj: $16,239,329.79

Cost Account Balance - Beg: $7,000,000.00

Cost Account Reduction: $(7,000,000.00)

Cost Account Balance - End: $0.00

Gabon Tax Rate 52.00%

Revenue Subject to Gabon Taxes:$16,199,042.56

Total Revenue: $26,295,338.07

Operating Expenses: $(5,096,295.51)

Other Expenses: $(100,000.00)
Minority Interest Exp: $(1,413,322.76)

Income Tax Expense: $(8,423,502.13)

Net Income: $11,262,217.67

Common Shares Outstanding: 59,000,000

Earnings Per Share: $0.19

[Steigerwälder]

19c im q3? Das wär aufs Jahr hochgerechnet ein KGV von 5. Und es besteht ja noch die Phantasie, dass weitere Ölfelder erschlossen werden.

[benefactor [KommA]]

Die Q3 Earnings werden ungefähr zwischen 0.15 und 0.24 USD ausfallen.

Meine recht großzügige Prognose liegt bei 0,21 USD.

Die Zahlen werden in der 1. oder 2. Novemberwoche erscheinen.

[kannnurbesserwerden]

http://allafrica.com/stories/200510100885.html

könnte auch daran liegen..politische instabilität

[Steigerwälder]

Politsche Instabilität? In Angola war 15 Jahre Bürgerkrieg- währendessen blühte und gedeihte die Offshore Förderung...

[foser1]

Was geht ab? Ich wollte einsteigen und jetzt fällt Vaalco wider Erwarten.
Wann ist der richtige Einstiegspunkt oder sollte man es erst mal ganz sein lassen.
Gibts irgendwas Fundamentales?
Weiß wer was?

[Steigerwälder]

Die Bewertung ist ein Witz und News gibts nicht. Die Schwäche der Aktie hängt wohl mit der Korrektur des ganzen Sektors seit Anfang Oktober zusammen.

Die Gefahr bei der Fahrt nach oben nicht dabei zu sein, erscheint mir im Moment schwerwiegender als nochmal 10 % zu verlieren.

[Oekofan]

Ich sehe das genau so. Es gilt zwar immer: Was heute günstig ist, kann morgen noch günstiger sein; aber darauf sollte man sich nicht verlassen. Nachdem ich bei 3,6€ eingestiegen bin habe ich jetzt noch mal nachgekauft.

Persönlich mache ich es so: ich starte mit 1/3 des Volumens, das ich plane. Fällt die Aktie stärker, kaufe ich 1/3 nach, entsprechend noch mal 1/3; natürlich nur nach Prüfung der Situation, es sollte sich die Grundsituation nicht negativ verändert haben. Ist natürlich nicht immer der "Königsweg", ich fühle mich damit wohl.

[foser1]

Heute minus 6%.
Der Chart sieht schauderhaft aus - die reinste Kellertreppe.
Lieber erst mal abwarten.

[zz_marcello [Blogger]]

Hy All,

lese hier und in anderen Ölthreads schon eine Weile mit.
Hab mir gerade eben mal eine erste kleine Position Vaalco gegönnt.

Danke für die vielen Infos,
werde versuchen mich auch mit einzubringen.

Schönen Tag,
Marcel

[zz_marcello [Blogger]]

Ups, hab ich euch jetzt vertrieben?

Meine Einschätzung:
Weitere Kursentwicklung ist abhängig von:
1. Geprüfte Ölfunde in den Feldern Ebouri und Avouma. (logisch...)
2. Nachweis, dass die Produktion im ETAME Feld zumindest konstant bei den derzeitigen 17-18k Barrel pro Tag gehalten werden kann.

Nach den von Vaalco bekannt gegebenen ETAME Reserven von 54 mil_barrel reicht das Öl bei derzeitiger Jahresförderung von ca. 6,5 mil Barrel ca. 8 Jahre.

Wie spätestens seit der Peak-Oil Debatte bekannt,
kann die Förderung dabei nicht konstant gehalten werden, sondern fällt bei fortschreitender Erschöpfung unwiderbringlich ab.

Im niedrigen Kurs mit KGV 5 ist derzeit die Angst
das die Förderung vomm ETAME-Feld in 2006 nicht gehalten werden kann.


Nach meiner Meinung sind auf derzeitigem Kursniveau 50-70% drin
bei Nachweis einer konstanten Förderung in 2006.
Die weiter steigenden Ölpreise werden dabei sicher nicht schaden.

Bei zusätzlichen geprüften Ölfunden +
neuen Produktionsanläufen sind natürlich deutlich höhere Kurse möglich.

Bis denn!
Marcel

[hasi22]

Hallo Marcello,
gehe ich richtig in der Annahme, dass die Aktie an die AMEX mit dem Kürzel EGY gewechselt hat ? dann heute

[Woodly2712]

AMEX EGY USD 3,22 3,53 + 0,310 + 9,63 %

[benefactor [KommA]]

VAALCO Energy Announces 3rd Quarter 2005 Earnings Results
Thursday November 3, 5:51 pm ET

HOUSTON, Nov. 3 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News; the "Company"), announced that for the third quarter of 2005 earnings were $11.9 million or $0.20 per diluted share. This compared to net income of $9.2 million or $0.16 per diluted share for the comparable period in 2004. The higher earnings were attributable to higher crude oil prices, partially mitigated by higher income taxes paid in 2005. The Company sold 453,000 net barrels at an average price of $58.75 per barrel during the third quarter of 2005 compared to 447,000 barrels at an average price of $40.77 per barrel in the third quarter of 2004.

For the nine months ended September 30, 2005, the Company earned $24.2 million or $0.41 per diluted share compared to $18.3 million or $0.32 per diluted share in the nine months ended September 30, 2004. The increase in income was due to higher crude oil sales of approximately 1,311,000 barrels of oil equivalent in the nine months ended September 30, 2005 compared to 1,051,000 barrels of oil equivalent in the nine months ended September 30, 2004. Crude oil prices were also higher averaging $50.58 per barrel of oil equivalent and $36.15 in the nine months ended September 30, 2005 and 2004, respectively.

Discretionary cash flow, a non-GAAP financial measure of the amount of cash generated that can be used for working capital, debt service or future investments, was $14.8 million and $31.6 million for the three months and nine months ended September 30, 2005.

Robert L. Gerry, III, Chairman and CEO, stated, "Third quarter 2005 earnings reflect the steady performance of the Etame Field. With the addition of the Etame 6H well during the third quarter, production rates from the field have stabilized at over 18,000 barrels of oil per day.

"Construction for the Avouma Field Development has returned to normal following the recent hurricanes. We expect to complete platform construction in April of 2006, and have committed to a drilling rig commencing in September 2006 to drill the two Avouma development wells after the platform is installed. First production is anticipated late in 2006.

"We continue to make progress with our seismic processing and interpretation over the Ebouri discovery, and will finalize a development plan for the field in the next several months. The seismic also covers a new exploration prospect which we hope will indicate a new wildcat location."
http://biz.yahoo.com/prnews/051103/dath060.html?.v=14

[Steigerwälder]

Sieht so aus als wären die Zahlen OK. Obwohl du ja mit einem Cent mehr gerechnet hast.


Die Schließung von diesem Etame-3 Loch scheint sich ja nicht sonderlich negativ bemerkbar zu machen?

[Steigerwälder]

Kurz nach den Zahlen wurden in FRA 3,15 bezahlt, ein Aufschlag von 11%. Anscheindend ist der Markt mit den Zahlen, ich glaube aber noch mehr mit der stabilen Produktion zufrieden.

[benefactor [KommA]]

Mit dem Q3 Ergebnis bin ich zufrieden. Die Produktion des Etame Fields wurde auch wieder etwas angehoben und läuft stabil. Außerdem wird es zu keiner Verzögerung der Avouma Plattform kommen laut PR.

Eigentlich sind gerade keine schlechten Nachrichten vorhanden. Jetzt muss nur noch der Kurs mal so richtig steigen, dann bin ich zufrieden.

[Steigerwälder]

In den USA vorbörslich +9%, auf umgerechnet etwa 3,26€ iss ja fürs erste schon mal nicht schlecht.

Hast du eine Ahnung oder eine Schätzung wieviel diese Avouma-Plattform bringt?

[benefactor [KommA]]

Laut PR vom 4. August 10.000 bis 15.000 BOPD.

[benefactor [KommA]]

Wichtigste Conference Call Ereignisse:

-Nach dem shut down des Etame 3-H wells lag die Produktion zwischen 17.000 und 18.000 BOPD. Die Etame Field Produktion liegt nun stabil bei 18.500 BOPD und konnte somit wieder hochgefahren werden.

-Die Plattform für Avouma wurde durch den Hurrican nicht beschädigt und wird wie geplant im April 2006 fertiggestellt sein. Die erste Ölförderung von Avouma wird Ende 2006 erwartet (12.000 BOPD). Ebouri wird Mitte 2007 folgen.

-Mehrere Deals sind kurz vor der Fertigstellung und werden recht bald veröffentlicht werden. Die Projekte befinden sich in West Afrika und der Nordsee. Vaalco wird Haupanteilseigner und Operator dieser Projete sein.

-Vaalco wird eine PR Firma engagieren, um mehr Aufmerksamkeit auf sich zu lenken.

[Mexx]

Danke, Bene...hört sich gut an

[Gulliver]

Re: Notes from Q3 2005 conference call
Posted: 11-08-2005 02:31 PM
I thought the management conducted an excellent conference call this morning. I would encourage anyone interested in Vaalco to listen to the conference call (1-877-213-9653 #13147551).

The following is a list of key points that I got out of the call:

- Current production rate from Etame field is around 18,500 BOPD; the management expect 1% to 2% decline in production rate per month but thus far, the management has not seen any decrease in production

- Next lifting is schedule for Dec 7th for about 600,000 barrels. They are trying for another lifting in December, otherwise the company will end the year with over 700,000 barrels of oil in FPSO

- Etame wells have no water cut problem. The 5-H well has 20% water cut but has not increased since July and other wells have no water cut.

- Three new analysts will cover the company and at least two of them should have their reports completed within next 30 days

- The management is in the final negotiation phase in two new projects and should have an announcement fairly soon; I suspect it will be before the end of this year

- Constantly reviewing new projects to increase its reserve; they started reviewing process on a new proposal today

- Looking to go in on new projects with majority interest (75% or higher)

- They are focusing in West Africa and North Sea

- The company has about $50M in cash ($5M restricted) and have less than $1M in debt

- Avouma project is back on schedule. The platform will be shipped out in March 2006 and expect production from the field in Q4 2006

- More favorable Gabon tax rate in Q2 and Q3 2006

- Bringing Avouma field online will decrease the company’s production cost in Gabon

- Increased production from Evouri and Avouma fields will be handled by some modifications to their current FPSO

- Development in Evouri and Avouma fields will have no affect on Etame field; they have separate reserves

- Evouri field will be developed in Q2-Q3 2007; Seismic study should be completed at the end of this month and the development plan should be done by the end of this year; Depending on the seismic result, they may explorer Lead “M”

- Looking to hire an “IR” firm to improve communication with the investment community

[benefactor [KommA]]

@Gulliver
Gute Zusammenfassung des CC.

Nur leider wird der Kurs immer noch mit großen ASK Blöcken unten gehalten. Dieses Spielchen wird jetzt schon über ein Jahr lang gespielt.

[benefactor [KommA]]

VAALCO Energy Acquires New Concession in West Africa
Friday November 11, 7:30 am ET
New Permit Onshore Gabon Reinforces VAALCO`s Commitment to Aggressively Seek New Opportunities

HOUSTON, Nov. 11 /PRNewswire-FirstCall/ -- Today VAALCO Production (Gabon) Inc., a subsidiary of VAALCO Energy, Inc. (Amex: EGY - News; Houston), signed a new production sharing contract with the Ministry of Mines, Energy, Petroleum, and Hydraulic Resources of Gabon. The Mutamba Iroru G4-219 Permit located onshore Gabon contains approximately 270,000 acres, the equivalent in size to 50 blocks in the U.S. Gulf of Mexico.

Robert Gerry, Chairman and CEO of VAALCO Energy, stated, "We are pleased to add this new concession that will allow us to leverage our strengths as an independent exploration and production company. The Mutamba Iroru Permit is similar in both geology and circumstance to our existing offshore Etame Permit where we have already been so successful. We believe that with our seismic depth imaging expertise acquired in the Etame Permit, together with recent technological advances in seismic processing, we can delineate new prospects for the company and the country."

At its southern end, the Mutamba Iroru Permit surrounds the Gamba-Ivinga Field (Shell), a 300 million barrel field, and is on trend with the giant Rabi-Kounga Field (Shell/Total) 60 km to the north, which is estimated to hold over 1 billion barrels of recoverable reserves. In addition, these two fields, along with the Etame Field (VAALCO) located offshore, all produce from the same prolific Gamba and Dentale sandstone reservoirs.

"We feel our experience developing the Etame Field gives us an advantage as we begin exploring the Mutamba Iroru Permit, not only because of our seismic expertise, but also our geologic understanding of this trend," said Mr. Gerry. "VAALCO has been looking to acquire a new venture area with proximity to established production, world class reservoirs and source rock. Mutamba Iroru solidly fits that bill."

Mr. Gerry went on to state, "We believe this is a start to VAALCO`s stated position of expanding beyond our original concession and we continue to aggressively pursue other opportunities within West Africa and elsewhere."
http://biz.yahoo.com/prnews/051111/daf009.html?.v=29

[Steigerwälder]

Der Markt geht daraufhin vorbörslich 6% ins +...

[Woodly2712]

Vaalco wird uns in den nächsten Wochen noch viel Freude bereiten!

In 2-3 Monaten wieder bei 3,80?

[benefactor [KommA]]

Guru Picks
Gurus Jump Back Into The Oil Patch
Matt Rand; data provided by Marketocracy, 11.15.05, 12:30 PM ET

BURLINGAME, CALIF. - With oil falling below $58 a barrel, the top stock pickers at Marketocracy, who’ve been selling energy stocks along with the rest of the market for the last several weeks, bought back in with a vengeance. All of their top five buys by volume were energy stocks.

Houston-based Vaalco Energy (amex: EGY - news - people ) was the biggest buy, with the M100 investing nearly $250,000 in the stock. Vaalco explores for oil and gas in the Gulf Coast region and in West Africa. In early November, the company reported a 25% jump in third-quarter earnings per share to 20 cents and attributed the increase to oil prices that were higher than in the third quarter of 2004. The stock has been zigzagging, down about 38% from August highs near $5 to a low of $3.05 in October. Now, it trades at $3.88, or eight times earnings.
http://www.forbes.com/investmentnewsletters/2005/11/14/cogen…

[benefactor [KommA]]

Vaalco Energy NYSSA Presentation (November 2005, 33 Seiten)
http://www.vaalco.com/PressRelease/NYSecurityAnalyst.pdf

[zz_marcello [Blogger]]

Was für ein schöner Chart!
Wenn wir uns jetzt noch an die wieder steigenden Ölpreise andocken sind 3,7-3,8 euro in ein paar Wochen drin.

Marcel

[Woodly2712]

[posting]18.939.288 von zz_marcello am 22.11.05 15:32:30[/posting]Sehe ich auch so. Bin zwar mit 3,07 zu früh eingestiegen, aber den Tiefstand erwischt man in solchen Fällen ja leider selten.

Bis Anfang 2006 müßten Kurse zwischen 3,70-3,80 (wie von Dir gepostet) absolut möglich sein.

[Woodly2712]

Wunderbar wie sich Vaalco von den Tiefschlägen erholt. Aktuell 3,53 in Frankfurt

[lopinsky]

Hallo allerseits,
will mal den Thread "wiederbeleben"
Ist ausser mir noch jemand investiert?
Wie seht Ihr die Aussichten?
Soll man nicht lieber auf ein Öl-Zerti umsteigen?
Bin verunsichert ob ich...

Gruß
L.

[Woodly2712]

In der Ruhe liegt die Kraft. Gib Vaalco und Dir selbst ein wenig Zeit und bleibe investiert

[Pickering_Esq]

Genau. Muß auch mal ein bißchen zurückkommen dürfen. Auf lange Sicht besser als Zerti.

Und die Kurse immer an der ASE anschauen, nicht in Frankfurt mit den kümmerlichen Stückzahlen und dem fantasievollen Spread.

(Wenn deutsche Börse, dann MUN!)

[lopinsky]

Danke,
ich weis die Kurse für Vaalco werden an der AMEX gemacht.
Und demnach haben wir nach unten noch Platz bis ca. 3,4 USD ev. sogar bis Low 3,05 USD.
Wobei ich denke dass wir das Low nicht mehr sehen werden.
Ich beobachte...

Gruß
L.

[lopinsky]

Vaalco macht heute einen kleinen "Hüpfer".
und das bei fallendem Ölpreis.
Freu mich erst mal.
Meine Teile wieder im +.

Gruß
L.

[Oekofan]

[posting]19.351.864 von lopinsky am 20.12.05 16:21:46[/posting]Wie seht Ihr die Aussichten?
Soll man nicht lieber auf ein Öl-Zerti umsteigen?

Meiner Meinung nach solltest Du Dir die Frage selbst beantworten, willst Du Dich an einem Unternehmen beteiligen, dessen Zukunft stark davon abhängt, wie erfolgreich es in der Exploration ist? Mit allen Chancen und Risiken; in einigen Jahren kann der Kurs bei 50 Dollar oder 5 Cent stehen.
Ein Zertifikat ist ja nun eine völlig andere Welt; hiermit spekuliert Du ja "nur" auf höhere Ölpreise oder sichert Deine nächsten Tankfüllungen ab.

Gruß
Oekofan

[benefactor [KommA]]

[posting]19.351.864 von lopinsky am 20.12.05 16:21:46[/posting]Kauf dir einfach mehrere aussichtsreiche Öl-Explorer Aktien um das Risiko etwas zu streuen. Chaparral (CHAR) ist z.B. eine gute Beimischung.

[benefactor [KommA]]

Can a Little Book Beat the Market?

Joel Greenblatt`s newest book, The Little Book That Beats the Market, is a small morsel of a book that exposes a giant secret: the method that one of the most spectacularly successful investors of our time uses to look for stocks.

By Bill Mann (TMF Otter)
December 21, 2005

What would you say if I told you that an author had released a book claiming that he had discovered a two-step formula that would absolutely trounce the stock market?

Would you laugh? Probably. You might even say "It can`t possibly be that easy!" And the thing is, normally, you`d be right. There are so many books and services selling the snake oil of easy stock market wealth that you`d be wise to ignore them. In fact, let`s run down the checklist of reasons that you would want to avoid this particular book.

1. A salacious title virtually guaranteeing market-beating returns? Check.
2. Facile references to Warren Buffett? Check.
3. An easy-to-follow formula? Check.
4. A claim that these results are backtested? Check.

And that should be that. Except ... except that unlike the Wade Cooks of the world, the author happens to be an investor whose fund has grown at a compound rate of 40% over the last two decades. That`s the equivalent of turning $1 into $800. Not even Warren Buffett has achieved that over any 20-year period (though Berkshire Hathaway has averaged a still-bodacious 22% over its history). Not only that, but this book is based on the same core values that the author has used to seek out stocks during his investing career.

So Joel Greenblatt`s new book, The Little Book That Beats the Market, is better than your run-of-the-mill "get rich quick" entry. Were that the extent of its utility, I wouldn`t be wasting your time. Instead, this is a book that should be read by anyone serious about investing. And the shocking thing is, unlike the hard-to-grasp intricacies of the Benjamin Graham value-investing classics, this is a quick, entertaining read.

Greenblatt`s goal was to write a book that would describe to his young children what he does for a living. Basically, his investing methods are based upon two elements: pre-tax earnings yield (the percent of the stock`s price that comprises current earnings) and return on capital. Shove every company above a certain size into the transmogrifier, and it generates a list ranking companies on the combination of those attributes. Investing in the top 30 companies on these lists each year has generated an average annual return of 30.8% over the last 17 years.

Of course, here is where you say exactly what I said when I first read the book. "But this is data-mining, right?" It`s pretty easy to go back in time and try a bunch of various elements until you show one that offers awesome returns, including things like investing each year on April 22 in the top 77 stocks that don`t have `e` in their names. And you`d be right, except for two things. First, and foremost, these are the only two elements that Greenblatt tried. Second, the two data points used are imminently defensible as reasonable measurements for potential investments: How much do they make? And how much do they cost?

As Greenblatt notes in the book, one of the great things about the formula is that occasionally it doesn`t work.

Oh, you want me to explain why that could possibly be good? Well, one of the most hallowed truths in investing is that something that works all of the time will immediately be rendered neutral by the market. A company cannot be priced at $1 per share while earning $17. Not for long. For those who might think that Greenblatt immediately renders his magic forumla useless by writing about it, take heart. In an age of attention spans measured in seconds rather than years, the formula`s occasional failure means that many investors won`t stick with it.

A look at Greenblatt`s screen currently identifies some perhaps unknown companies like Vaalco Energy (AMEX: EGY), True Religion Apparel (Nasdaq: TRLG), Yankee Candle Company (NYSE: YCC), American Eagle Outfitters (Nasdaq: AEOS), and Hidden Gems recommendation Marine Products (NYSE: MPX). These companies are earning massive returns on their capital, and are cheap when measure by last year`s earnings. Have a proclivity to pile into over-hyped freak shows like Travelzoo (Nasdaq: TZOO) at the wrong price and wrong time? You`re not alone. And man, have I got a book for you.

Bill recently conducted an interview with Joel Greenblatt, available exclusively to subscribers of The Motley Fool`s small-cap newsletter, Motley Fool Hidden Gems. Come see what stocks Bill and Fool co-founder Tom Gardner unearth each month, plus gain access to our exclusive commentary, interviews, and award-winning community. A free trial is available here.

Bill Mann owns shares of Berkshire Hathaway. The Motley Fool has a disclosure policy
http://www.fool.com/news/commentary/2005/commentary05122109.…

[lopinsky]

Hallo,
riskier was und investier in zur Zeit noch unendeckte Unternehmen.
Da diese durch gelegentlichen Mißerfolg noch günstig sind.

So würde ich den Abschnitt in dem Vaalco erwähnt wird übersetzten.
Oder?

Gruß
L.

[benefactor [KommA]]

Wednesday, December 21, 2005

Sonangol has pre-qualified 51 companies to participate in its current licensing round for its offshore acreage. The companies include 29 companies pre-qualified as potential operators and 22 as non-operators. These companies will be invited to bid for blocks 1, 5, and 6, which are located in shallow water on the shelf of the lower Congo and Kwanza basins; blocks 15, 17, and 18 (excluding development areas) in deep water of the lower Congo basin, and block 26, a deep water block in the Benguela sub-basin. <>The announcement follows high levels of interest for oil exploration in Angola expressed at Sonangol’s successful roadshows held in Houston and London. All pre-qualified companies are now invited to submit firm proposals for the concession blocks to Sonangol by March 31, 2006.Carlos Saturnino, Sonangol’s Negotiations Director, commented on the announcement; “We are very pleased with the volume and quality of responses we have received from the interested Operators, and I would like to congratulate the successful companies invited to move on to the bidding round.” <>The successful operators include;
- Addax Petroleum N.V.
- Amerada Hess Corp.
- BP Exploration (Angola) Ltd.
- Centurion Energy International Inc.
- CEPSA- Compaٌia Espanola de Petroleos S.A.
-----
-----
- Repsol Exploration S.A.
- ROC Oil Company Ltd.
- Santos International Operations Pty. Ltd.
- Statoil, Total E&P Angola
- Tullow Oil PLC
- VAALCO Energy Inc.

http://www.petroleumafrica.com/ws/news

[lopinsky]

Wünsche euch schöne Weihnachten!

Gruß
L.

[Woodly2712]

Ruhig ist es geworden hier. Der Kurs steht mittlerweile wieder da wo er vor dem Einbruch herkam.

Wer ist denn noch mit dabei und wie seht ihr die weiteren Kursaussichten für Vaalco in 2006?

[benefactor [KommA]]

Vaalco Energy announced that it has reached an agreement with the Government of Gabon for a five-year extension of the Etame Marine Permit

(EGY) 4.67 +0.04 : Co announces it has reached an agreement with the Government of Gabon for a five-year extension of the Etame Marine Permit. The extension, which will go into effect July 2006, is divided into a three-year first term and an optional two-year second term. An exploration well is required during each term. Co also announces it will now sell its Etame crude oil to Trafigura Beheer. Trafigura was the high bidder for the contract which is based on Rabi Light. At current market prices, the co would expect to receive a price of approx Dated Brent less $1.25. This represents a significant improvement over the beginning of 2004, when due to weakness in the Rabi price, the co was receiving Dated Brent less approx $5.00. The first lifting under the new contract of approx 720,000 barrels is ongoing.

@Woodly2712
Wo der Kurs 2006 hingehen wird werden wir sehen. Genug Substanz ist ja vorhanden für einen großen Anstieg.

[lopinsky]

Bin auch noch dabei;
Muß zugeben: War kurz vor dem verkaufen.

[benefactor [KommA]]

VAALCO Energy Updates Gabon Activity and Status of New Ventures

VAALCO Extends Etame Block and Enters into New Crude Oil Sales Agreement

VAALCO Energy, Inc. (the "Company") announced that it has reached an agreement with the Government of Gabon for a five-year extension of the Etame Marine Permit. The extension, which will go into effect July 2006, is divided into a three-year first term and an optional two-year second term. An exploration well is required during each term.

Separately, the Company also announced that it will now sell its Etame crude oil to Trafigura Beheer B.V. Trafigura was the high bidder for the contract which is based on Rabi Light. At current market prices, the Company would expect to receive a price of approximately Dated Brent less $1.25. This represents a significant improvement over the beginning of 2004, when due to weakness in the Rabi price, the Company was receiving Dated Brent less approximately $5.00. The first lifting under the new contract of approximately 720,000 barrels is ongoing.

VAALCO Opens Aberdeen Office

To support future drilling activity and planned exploration activity in the U.K. sector of the North Sea, VAALCO has opened an office in Aberdeen, Scotland. The company plans to enter into two partnerships to perform studies of the blocks upcoming in the 24th Licensing round expected to occur in June 2006. One will focus on the Central North Sea area, and one will be focused on the Southern Gas Basin and Fallow Discoveries. The Company has budgeted approximately $2.0 million to support these North Sea Activities in 2006.

VAALCO Pre-Qualified by Sonangol as Operator for Angolan Licensing Round

In another new venture area, VAALCO has successfully qualified as an Operator for bidding in the upcoming Angolan Licensing Round. Seven blocks are up for bid, with three of them being shallow water blocks of interest to the Company. VAALCO was one of twenty-nine companies qualified and one of only a handful of independents successfully able to qualify. Bids are due March 31, 2006.

Mr. Robert Gerry stated, "We have begun the diversification process for VAALCO as promised. The award of the Mutamba Iroru block in Gabon has strengthened our position within Gabon where our core assets lie. The Avouma platform is expected to be fully constructed by April 2006, with installation in Gabon over the summer. We still anticipate first production from Avouma in the fourth quarter of 2006. We are analyzing the seismic data obtained over Ebouri with hopes to file a development plan with the government in the near future. The opening of an office in Aberdeen commences our North Sea initiative and we continue to pursue other potential projects in West Africa through such activities as the Angolan bid round and discussions with other operators."

[benefactor [KommA]]

Nur noch ein paar Cent bis zum 52-Wochenhoch.

[lopinsky]

Hallo benefactor,
Vaalco läuft die Tage super!
Freu mich, nicht verkauft zu haben.

Gruß
L.

[lopinsky]

Heute tief rot,
wie das meiste in meinem Depot...
...heute ist Schlachttag.

[schupfnudel]

http://www.vaalco.com/PressRelease/Jan2006Presentation.pdf

Bischen was zum lesen.
Gute Zeit!

[benefactor [KommA]]

Der Schlusskurs liegt nur 4 Cent unter dem 52-Wochenhoch.

[Steigerwälder]

5,60 nun...




Irgentwann musste es so kommen. Denke aber das dies nur der Anfang ist

[Pickering_Esq]

nicht schlecht, der Specht!
Die 7 sehen wir bis zum Sommer auch noch!

[DoubleDip]

Was ist mit Vaalco los? Ich habe auch welche im Depot und freu mich, aber langsam wird mir der stetige Anstieg unheimlich. Viel. wissen ja einige mehr als wir?

NG,
DD

[Oekofan]

@benefactor

Du hast vor einer Weile Chaparral (CHAR.OB) als Beimischung empfohlen.

Verfolgst Du die Unternehmens-Infos schon länger und wie schätzt Du die Bedeutung der neuesten Informationen ein?
Ich schwanke zwischen Kaufgelegenheit (Gewinnentwicklung, Reserven, ExplorationsChancem) und bloß die Finger davon lassen (was macht Lukoil / die Behörden mit dem Unternehmen?).

Gruß
Oekofan

[benefactor [KommA]]

[posting]19.878.741 von Oekofan am 25.01.06 19:46:20[/posting]Verfolgst Du die Unternehmens-Infos schon länger und wie schätzt Du die Bedeutung der neuesten Informationen ein?

Mit CHAR beschäftige ich mich seit 2004. Die aktuelle Nachricht halte ich für kalten Kaffee. Der Unternehmenswert von CHAR wird dadurch nicht beeinträchtigt, lediglich die Bohrungen werden sich verzögern.

Ich schwanke zwischen Kaufgelegenheit (Gewinnentwicklung, Reserven, ExplorationsChancen) und bloß die Finger davon lassen (was macht Lukoil / die Behörden mit dem Unternehmen?).

Die Gewinnentwicklung und die Reserven von Chaparral sind bei einem so kleinen Unternehmen wie CHAR sensationell. Was die Explorations Chancen anbelangt beschränkt sich zur Zeit der Horizont von CHAR noch auf das Karakuduk Feld.

Was Lukoil mit dem Unternehmen vor hat, kann man im aktuellen Status noch nicht genau sagen. Jedoch sieht es so aus, als ob CHAR selbständig bleiben wird. Die Behörden haben bis jetzt noch kein negatives Signal verlauten lassen.

P.S.: Ich habe mir heute ein paar Tausend Aktien von Chaparral zurückgekauft, nachdem ich alle Aktien sofort nach erscheinen der Nachricht (hohe 5er Kürse) gestern verkauft habe.

[Oekofan]

@benefactor

Danke für Deinen Kommentar und Glückwunsch zu Deinem Timing.

Gruß
Oekofan

[lopinsky]

Vaalco testet schon mal den Ausbruch über die 6 USD



Gruß
L.

[Art Bechstein]

sehr interessant...

http://www.wallst.net/editorials/article.asp?id=318

[thomtrader]

Afrika wird wichtig
Vaalco Energy » In den Gewässern vor der zentralafrikanischen Atlantikküste lagern schätzungsweise 24 Milliarden Barrel hochwertiges Rohöl. Die USA wollen den Anteil Afrikas an ihren Ölimporten bis 2020 auf 30 Prozent ausbauen.

Die Vorkommen liegen weit gehend geschützt vor politischen und sozialen Unruhen in sicherem Abstand zur Küste und strategisch günstig gegenüber der Ostküste der USA.

In der westafrikanischen Republik Gabun leben 1,3 Millionen Menschen, es herrschen stabile politische Verhältnisse. Die texanische Ölgesellschaft Vaalco Energy pflegt gute Beziehungen zur Landesregierung. Vaalco ist seit 1995 der Betreiber des Projekts Etame Marin Block und mit 28,1 Prozent am Kapital beteiligt. Seit September 2002 pumpt Vaalco bereits Öl aus dem ersten erschlossenen Ölfeld des Gebiets.

Die Fördermenge beträgt derzeit rund 18.500 Barrel pro Tag. Nach Fertigstellung einer neuen Plattform soll der Ausstoß vom vierten Quartal 2006 an um 10.000 bis 15.000 Barrel steigen. Ende 2005 erhielt Vaalco eine weitere Offshorelizenz für ein Gebiet von 1093 Quadratkilometern. In Angola bewirbt sich das Unternehmen ebenfalls um Lizenzen. Vaalco verkaufte nach neun Monaten 2005 entsprechend seines Projektanteils gut 1,3 Millionen Barrel (Vorjahr 1,05 Millionen) aus dem Etame-Feld zu einem Durchschnittspreis von 50,58 Dollar pro Barrel.

Der Umsatz erhöhte sich um 70 Prozent auf 66 Millionen Dollar, der Nettogewinn um rund ein Drittel auf 24,2 Millionen Dollar. Vaalco beziffert die gesicherte Ölreserven mit 8,7 Millionen Barrel. Nach dem 50-prozentigen Kursanstieg seit Erstempfehlung (WirtschaftsWoche 14/2005) bewertet die Börse die Texaner mit 333 Millionen Dollar. Das aktuelle KGV beträgt zehn.

02.02.2006
aus der WirtschaftsWoche 6/2006.

http://www.wiwo.de/pswiwo/fn/ww2/sfn/buildww/id/97/id/155133…

[receiver88]

Die Story gefällt mir. Bin gerade aufgesprungen. Mit den Empfehlungen der Wiwo bin ich bisher recht gut gefahren.

[Steigerwälder]

@ receiver

War gewiss kein Fehler....


Heut wieder mal 7%. Wie die letzten Tage auch schon.

Geschmeidige 100% in gut 6 Wochen
Und keiner merkts...

[zz_marcello [Blogger]]

Danke Steigerwälder nochmal für Deinen Tip letzten Oktober.
Am Besten sind echt die Werte bei denen es bei WO kein Geschrei gibt.

Und wer denkt Vaalco ist nun zu teuer:
Beim derzeigen Ölpreis/Ausstoß verdient Vaalco pro Jahr über 80 DollarCent pro Share. (KGV9)
Zusätzlich gibt es ab Q04 eine Fördererhöhung um 60-90%.

Ein Explorer mit
- gesichertem Einkommen,
- kgv9
- absehbarer Fördererhöhung
- genereller Chance auf "den" großen Fund.
plus der derzeitigen Aufkaufphantasie in der Ölbranche.

Wo gibt es sowas sonst noch?

Schönen Tag,
Marcel

[benefactor [KommA]]

Kein Wunder warum sich keiner für Vaalco interessiert. Vaalco hat einfach zu viel Substanz. Nur Schrottbuden werden ständig gepusht. Diese gepushten Firmen würden sonst zu keinem Geld kommen.

Da sowieso die wenigsten in der Lage sind aussichtreiche Aktien von Schrott zu unterscheiden landen die meisten Anleger eben zwangläufig bei diesen Abzockern.

[benefactor [KommA]]

Im 4. Quartal werden die Zahlen von Vaalco erst mal recht bescheiden ausfallen. Es wurde Öl, das im 4. Quartal gefördert wurde zum Teil erst im 1. Quartal 2006 verkauft.

Im 3. Quartal verkaufte das Konsortium 1,853,916 Barrel Öl.
Im 4. Quartal wurden nur 1,375,062 Barrel Öl verkauft.

Ausserdem lagen die Ölpreise im 3. Quartall höher als im vierten. Jedoch werden dafür die Zahlen im ersten Quartal besser ausfallen (auch wegen des neuen Käufers "Trafigura Beheer B.V.").

[charlie2]

Kommt jetzt die Zeit für alle die an der Seitenlinie standen und staunten?

Charlie2

[benefactor [KommA]]

VAALCO Energy, Inc. Appoints New Director
Wednesday February 15, 1:01 pm ET

HOUSTON, Feb. 15 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News) announced the appointment of Mr. O. Donaldson Chapoton to the Board of Directors of the Company. Mr. Chapoton will stand for election to the Board at its annual stockholders meeting on June 1, 2006.

Mr. Chapoton received his LL.B., with honors, from the University of Texas School of Law in 1960. He joined Baker Botts, LLP in the early 1960`s specializing in tax law for start up businesses as well as major international corporations.

From 1986 to 1989 he served as Assistant Secretary for Tax Policy at the U.S. Treasury Department. He served under Treasury Secretary James A. Baker and participated in the development and enactment of the Tax Reform Act of 1986 and the 1987 and 1988 Income Tax Acts. He was nominated by President Reagan and confirmed by the U.S. Senate for the position and represented the Administration in presenting tax policy to the U.S. Congress.

In 1989 Mr. Chapoton rejoined Baker Botts, LLP as the partner-in-charge of the Firm`s Washington office, a position he held through the year 2000. His practice in Washington included the international aspects of the U.S. Tax Law and he represented his clients in legislative and regulatory matters before Congress, the Treasury and other governmental agencies.

Since 2001, Mr. Chapoton has been involved in real estate activities and is a partner in the VMS Group, a firm which provides services to the private equity community.

Robert Gerry, Chairman and CEO, stated, "We are extremely pleased that Mr. Chapoton has agreed to join our Board. His knowledge of international law, politics, and general business practices will be of great value to VAALCO as we seek to expand our international presence."
http://biz.yahoo.com/prnews/060215/daw034.html?.v=47

[DoubleDip]

Benefactor,

wann werden die Zahlen für das vierte Quartal veröffentlicht?

Danke,
DD

[benefactor [KommA]]

Voraussichtlich in der ersten März-Woche.

[aktienmetz]

http://ogj.pennnet.com/articles/article_display.cfm?Section=…

Pan-Ocean sets budget to double production

By OGJ editors
HOUSTON, Feb. 21 -- Pan-Ocean Energy Corp. Ltd., St. Helier, Jersey, UK, has approved a $164 million exploration and development program for 2006 designed to double its 2005 production, which totaled 3.43 million bbl of oil. The company`s operations are in Gabon.

Proposed drilling includes 1 offshore and 4 onshore exploration wells, 18 onshore and 2 offshore development wells, a gas injection well, and a water disposal well.

Pan-Ocean and its partners will install a central production facility at Tsiengui oil field, operated by Vaalco Energy Inc., Houston (OGJ Online, July 18, 2005). Vaalco is drilling the first of 15 additional development wells in Tsiengui field.

Pan-Ocean also plans a pump station and a 29 km, 10-in. oil pipeline from the Tsiengui-Obangue-Awoun area to Coucal, expected to be commissioned by July (OGJ Online, Feb. 17, 2005).

Pan-Ocean and its Awoun permit partner, operator Shell Gabon SA, will install a 5,000 b/d early production facility on Koula (OGJ Online, Sept. 8, 2004).

The capex program also includes installation of a production platform at Avouma field on the Etame Marin permit off Gabon and the drilling of two Avouma development wells. Vaalco Energy is operator of Etame Marin (OGJ Online, May 17, 2005).

[aktienmetz]

http://www.blackenterprise.com/yb/ybopen.asp?section=ybem&st…

[aktienmetz]

http://biz.yahoo.com/prnews/060227/dam056.html?.v=21

[aktienmetz]

•Houston-based Vaalco Energy has formed two joint ventures to access exploration and development projects in the U.K. sector of the North Sea.
The company will partner with MPX (Oil and Gas) Ltd., a privately held U.K.-based oil and gas company, on an oil exploration project in the Central North Sea.

Another venture with a U.S. firm will study and develop opportunities in the Southern Gas Basin of the North Sea.

04.03.2006
http://www.chron.com/disp/story.mpl/business/3700769.html

[sunbeamer]

VAALCO Energy Announces Strong 2005 Results
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HOUSTON, March 8 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. EGY (the "Company") announced that total oil and gas sales for 2005 were $84.9 million, up from $56.5 million in 2004, leading to operating income of $63.6 million for 2005 up from $40.3 million in 2004. Net income for 2005 was a record $29.2 million as compared to net income of $22.9 million in 2004. In 2005, earnings per diluted share were $0.50 up from $0.39 per diluted share in 2004.

The increase in income was due to higher crude oil sales as VAALCO sold approximately 1,638,000 barrels of oil equivalent in the year ended December 31, 2005 compared to 1,473,000 barrels of oil equivalent in the year ended December 31, 2004. Crude oil prices were also higher averaging $52.02 per barrel of oil equivalent in 2005 as compared to $38.36 in 2004.

For the fourth quarter of 2005 oil and gas sales were $18.9 million as compared to $18.5 million in 2004. Operating income was $13.8 million for the quarter compared to $13.2 million in 2004. Net income was $5.0 million or $0.09 per diluted share in the quarter compared to $4.6 million or $0.08 per diluted share in 2004. The Company sold 327,000 net barrels at an average price of $57.88 per barrel during the fourth quarter of 2005 or approximately 95,000 fewer barrels when compared to 422,000 barrels sold in the fourth quarter of 2004 at an average price of $43.84 per barrel. With production averaging approximately 18,000 barrels per day (approximately 4,300 barrels per day net to VAALCO) unsold crude oil remaining in the FPSO at year end was approximately 600,000 barrels (approximately 150,000 barrels net to VAALCO).

Discretionary cash flow, a non-GAAP financial measure of the amount of cash generated that can be used for working capital, debt service or future investments, was $38.4 million in the year ended December 31, 2005, compared to $30.9 million for the year ended December 31, 2004.

The Company finished the year with proved developed producing reserves of 5.3 million barrels oil equivalent at year end 2005 compared to 4.7 million barrels oil equivalent at year end 2004. Total proved reserves at year end 2005 were 7.8 million barrels compared to 8.7 million barrels oil equivalent at year end 2004. The Company recorded positive revisions to reserves at the Etame field of 0.7 million barrels, partially offsetting the 1.6 million barrels of production. The Company carried proved undeveloped reserves at the Avouma field, which is under development, of approximately 1.4 million barrels. No reserves were booked for the Ebouri field in 2005 as delays in the processing of new seismic over the field have pushed the submission of the development plan to the government into 2006. The Company anticipates booking reserves for Ebouri in 2006.

Robert L. Gerry, III, Chairman and CEO stated, "While 2005 was a very good year for VAALCO our challenge is for the years ahead. We must grow our reserves and production to remain competitive in the market place. I believe we have the ingredients in place to meet this challenge starting at year-end 2006 when the Avouma field comes online adding between 10,000 - 12,000 barrels per day (2,400-2,800 net barrels per day to VAALCO) to the consortium`s production. Our new concession onshore Gabon and our recently announced North Sea affiliations are exciting building blocks for our future growth. We intend to pursue additional projects to further add shareholder value."

Summary financial statistics are provided in the tables below.

Abbreviated financial results:

(Unaudited- Three Months Ended Year Ended
in thousands of dollars) December 31, December 31,
2005 2004 2005 2004
Revenues 18,952 18,481 84,935 56,502
Operating costs and expenses 5,120 5,298 21,358 16,234
Operating Income (Loss) 13,832 13,183 63,577 40,268

Other Income (Expense) 337 (74) 812 (198)
Income tax expense (8,402) (5,718) (31,491) (11,972)
Loss from discontinued
operations (53) (1,950) (69) (2,091)
Minority Interest in earnings
of subsidiaries (695) (852) (3,647) (3,069)

Net Income 5,019 4,589 29,182 22,938

Diluted Income per Common Share $0.09 $0.08 $0.50 $0.39

Proved Reserves:

Oil (MBbls) Gas (MMcf)
BALANCE AT DECEMBER 31, 2003 9,011 140
Production (1,469) (22)
Revisions 96 (64)
Additions 1,447 ---
Sale of reserves in place (351) ---
BALANCE AT DECEMBER 31, 2004 8,734 54
Production (1,635) (17)
Revisions 728 (16)
BALANCE AT DECEMBER 31, 2005 7,827 21

Discretionary Cash Flow:

Unaudited - (thousands of dollars) Year Ended Year Ended
December 31, December 31,
2005 2004
Net Income 29,182 22,938
Depletion, depreciation and amortization 5,369 4,749
Other non-cash charges:
Minority interest 3,647 3,069

Amortization of capitalized debt issuance costs 159 165
Discretionary cash flow 38,357 30,921

Discretionary cash flow measures the amount of cash generated by the Company that can be used as working capital, to reduce debt, or for future investment activities. Discretionary cash flow is presented because management believes it is a useful adjunct to net cash flow provided by operating activities under accounting principles generally accepted in the United States (GAAP). The measure is widely used by investors and professional research analysts in the valuation, comparison, rating and investment recommendations of companies within the oil and gas exploration and production industry. Discretionary cash flow can be reconciled to net cash provided by operating activities in the Statement of Consolidated Cash Flows filed with the SEC as follows:

Unaudited - (thousands of dollars) Year Ended Year Ended
December 31 December 31
2005 2004
Discretionary Cash Flow 38,357 30,921
Working Capital Changes, net of non-cash (5,165) (8,592)
Loss on sales of assets --- 191
Exploration expense 2,709 267
Net cash provided by operating activities 35,901 22,787

Summary Statistics

Three Months Ended Year Ended
December 31, December 31,
(Unaudited) 2005 2004 2005 2004
Net oil and gas sales (MBOE) 327 422 1,638 1,473
Average price ($/bbl) $57.88 $43.84 $52.02 $38.36
Production costs ($/bbl) $6.63 $6.76 $6.46 $6.76
Depletion costs ($/bbl) $3.16 $3.65 $3.28 $3.22
General and administrative
costs ($/bbl) $5.49 $0.60 $1.65 $0.86
Debt/Proved reserves ($/BOE) --- --- $0.19 $0.43
Capital Expenditures
($thousands) --- --- 13,347 14,024
Debt/Capitalization ($/$) --- --- $0.02 $0.05
Cash and cash equivalents
($thousands) --- --- 43,880 27,574
Working capital ($thousands) --- --- 47,749 26,010
Total long term debt
($thousands) --- --- 250 1,500

Basic and diluted shares consist of the following:

Three months ended Year ended
Item Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2005 2004 2005 2004
Basic weighted average
common stock issued
and outstanding 56,943,430 32,262,982 51,772,219 26,604,299
Preferred stock convertible
to common stock --- 18,334,250 3,817,542 22,942,168
Dilutive warrants --- 5,400,490 977,504 5,831,837
Dilutive options 1,446,252 3,021,139 1,686,170 2,779,075
Total diluted shares 58,389,683 59,018,860 58,253,435 58,157,379

The Company has scheduled a conference call on Thursday, March 9, 2006 at 2:00 pm CDT. Interested parties may participate in the call by dialing 1-866-686-6743.

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, 2004 and other reports filed with the SEC which can be reviewed at http://www.sec.gov , or which can be received by contacting VAALCO at 4600 Post Oak Place, Suite 309, Houston, Texas 77027, [phone].

© 2006 PRNewswire

[sunbeamer]

[posting]20.580.907 von sunbeamer am 08.03.06 18:32:06[/posting]Das sind ja sehr gute Zahlen! Trotzdem geht es mit dem Kurs bergab. Das können eigentlich nur Gewinnmitnahmen sein (und der schlechte Gesamtmarkt heute), oder?

[lopinsky]

Hallo sunbeamer,
schätze auch: Schlechter Gesamtmarkt.
M.E. ist das Chartbild nahezu perfekt:
Der Kurs prall wieder an dem Niveau von 6 USD nach oben ab.

Gruß
L.

[lopinsky]

[posting]20.600.762 von lopinsky am 09.03.06 17:07:34[/posting]
ich nehm`s zurück

[sunbeamer]

[posting]20.645.913 von lopinsky am 12.03.06 10:46:57[/posting]lopinsky, ich kann mir nur vorstellen, dass der niedrige Ölpreis verantwortlich ist. Das Unternehmen ist fundamental gut aufgestellt und günstig bewertet. Ich halte Vaalco auf jeden Fall auch weiterhin.

[lopinsky]

ich halte auch weiterhin,
nur die 6 USD...

[aktienmetz]

dpa-afx
Preis für OPEC-Rohöl deutlich gestiegen
Mittwoch 29. März 2006, 10:37 Uhr


WIEN (dpa-AFX) - Der Preis für Rohöl der Organisation Erdöl exportierender Länder (OPEC) ist auf 59,05 US-Dollar je Barrel (159 Liter) gestiegen. Der für Dienstag ermittelte Korbpreis habe damit um 1,03 Dollar über dem von Montag gelegen, teilte das OPEC-Sekretariat am Mittwoch in Wien mit./he/sk

http://de.biz.yahoo.com/29032006/36/preis-opec-rohoel-deutli…





Preise starten durch

+++ Öltelegramm ++++ Öltelegramm ++++ Öltelegramm ++++

Die Seitwärtsbewegung der Preise dürfte nur noch schwer zu halten sein. Gestern brachen die Notierungen durch die obere Begrenzungslinie der letzten Wochen. Charttechnisch ist damit der Weg nach oben bereitet. Als fundamentale Auslöser gelten die Lage in Nigeria, wo große Teile der Produktion stillstehen, die Erwartung rückläufiger US-Bestände und die Androhung eines Ölarbeiterstreiks in Norwegen. Die Frage, ob der UN-Sicherheitsrat Sanktionen gegen den Iran wegen des Atomprogramms verhängen wird, wäre ein Fall für ein Wettbüro. Er ist z.Z. offen. Der Dollar konnte sich trotz einer weiteren Zinserhöhung in den USA nicht aus seinem schwachen Abwärtstrend befreien.

preistreibende (bullische) Einflüsse:
Rebellen lähmen Nigerias Ölexporte erheblich
Ölarbeiterstreik in Norwegen angedroht
Sorge um US-Benzinversorgung
Raffineriekapazitäten knapp
Angst vor Hurrikansaison
Atomstreit mit dem Iran schürt Unsicherheit
Sorge vor weiteren Anschlägen in der Golfregion
Nachfragewachstum hoch

preisdrückende (bärische) Einflüsse:
Großer Ölfund in Westafrika
China wächst langsamer
OPEC produziert über Nachfrage
Drosselung der iranischen Öllieferungen soll es nicht geben
Vorräte gut
Industrieländer wollen alternative Kraft- und Brennstoffe

Unsere Heizölpreise werden teurer. Die Wahrscheinlichkeit ist groß, dass sie in einen deutlichen Aufwärtstrend übergehen. Damit hätte sich die charttechnische Beobachtung, nach der die letzten Tage die Ruhe vor dem Sturm waren, bewahrheitet. In weiten Teilen Deutschlands hat der Heizölpreis ein Dreimonatshoch erreicht. Für einen Kauf ist er aus heutiger Sicht unattraktiv. Im Laufe des Jahres wird der aktuelle Preis vermutlich attraktiv aussehen.

29.03.06

http://www.esyoil.com/s5_news.php

[aktienmetz]

16:00:27 Z 7.20 +0.46 14,400
15:59:49 Z 7.19 +0.45 100
15:59:38 Z 7.20 +0.46 2,100
15:59:32 Z 7.1999 +0.4599 6,300
15:59:32 Z 7.20 +0.46 200
15:59:28 Z 7.1999 +0.4599 1,000
15:59:26 Z 7.20 +0.46 2,000
15:59:23 Z 7.20 +0.46 200
15:59:21 Z 7.19 +0.45 100
15:59:20 Z 7.19 +0.45 700

Last Chg % Vol $Vol #Trade Open-Hi-Lo Year Hi-Lo Last Trade News

7.20 +0.46 6.8 1,353.4 9,499 1,641 6.77 7.24 6.75 7.49 3.05 16:00

[aktienmetz]

US Dollar Wechselkurs Euro € Geldkurs Briefkurs
USDEUR=X 7,20 6 Apr 0,8180 5,8896 0,8180 0,8183

[Flusskrebs]

Woher kommt das große Volumen gestern?

[lopinsky]

Hallo Flusskrebs,
vom regen Handel
Ne, Spaß bei Seite: Wer weis schon?
Ich könnte mir vorstellen,
dass dies die Vorbereitung für den charttechnischen Ausbruch über 7,49 USD ist.

Gruß
L.

[aktienmetz]

7.30 +0.10 1.4 590.5 4,323 678 7.24 7.50 6.66 7.49 3.05 10:27

VOLUMEN 10:27 590.5

TH 7.50

[aktienmetz]

http://www.deraktionaer.de/xist4c/web/Handeln-wie-Jesse-Live…

(diesmal kann ich ´s mir nicht verkneifen)

[aktienmetz]

http://www.tagesschau.de/aktuell/meldungen/0,,OID5423726,00.…

..das umfeld stimmt

[foser1]

Nichts wie einsteigen...

[aktienmetz]

Antwort auf Beitrag Nr.: 21.291.187 von foser1 am 24.04.06 09:55:49

7.04 -0.49 -6.5% 1,246.4 (Volumen)

NEWS? Meinungen?

Rohöl (USD) 73.45 –0.84%

[sunbeamer]

Antwort auf Beitrag Nr.: 21.355.139 von aktienmetz am 27.04.06 22:26:37

Außer dem sinkenden Ölpreis, den Du ja selbst schon erwähnt hast, sehe ich keine Gründe für den fallenden Kurs. Ich bleib jedenfalls dabei!

[aktienmetz]

Antwort auf Beitrag Nr.: 21.356.193 von sunbeamer am 28.04.06 01:30:35

Rohöl (USD) 71.70 –2.38%

........Wir sehen den Preis aber dennoch zum jetzigen Zeitpunkt als heißgelaufen. In einigen Monaten werden Niveaus über 70 Dollar mit Sicherheit „normal“ sein und wahrscheinlich sogar „Basislager“ zum Aufstieg über 85 Dollar. Aber jetzt sind die Lagerdaten noch zu gut gefüllt. Ein mittelfristiger Belastungsfaktor könnten auch die Erpressungsversuche Rußlands sein, dem Westen den Ölhahn zuzudrehen............ (Quelle FRABB 27.04.2006)

[berlinchen]

Ich habe News gefunden von gestern:

Asigra Chosen by Energy Company as Technology Component of Compliance Solution; VAALCO Energy Addresses Sarbanes-Oxley Compliance with NetMass Online Backup Service Based on Asigra Technology
Asigra(TM), the technology specialists in agentless distributed backup and recovery software for network computing, today announced that VAALCO Energy, Inc. (AMEX:EGY) has implemented Asigra technology in an automated backup/recovery solution that ensures Sarbanes-Oxley compliance. Online data backup and recovery services are delivered through NetMass, Inc., a Texas-based provider of Internet office solutions to help businesses realize secure data protection. Utilizing Asigra agentless backup/restore technology, VAALCO satisfactorily met its audit requirements in a year-end review of accountability in financial records management.

To achieve regulatory compliance and ensure shareholder confidence, publicly traded VAALCO Energy adheres to the highest standards of accountability. In a December audit of financial data backup and recovery processes, VAALCO successfully addressed the stipulations related to regulatory compliance.

"Utilizing NetMass online data backup services with Asigra software enabled us to meet auditors' exhaustive requirements for compliance, including proof of security, data integrity, and validity of backup and restore processes," said Robert Walston, IT and Purchasing Supervisor at VAALCO. "We took advantage of a free trial and found that their service based on Asigra technology met our criteria, from hot backup of SQL databases to offsite storage and automated policy-based processes."

"VAALCO Energy has been quick and effective in implementing the best technologies available to secure the company's essential financial records," said Mark Martin, CEO at NetMass. "The results of their recent audit prove the efficacy of the NetMass/Asigra solution for protecting indispensable and irreplaceable data. In terms of taking a proactive approach to regulatory compliance, VAALCO is a great role model for other oil and gas companies just beginning to address Sarbanes-Oxley regulations."

"Many companies remain immobilized amidst the fear, uncertainty, and doubt surrounding Sarbanes-Oxley and other regulations," said Eran Farajun, executive vice president of Asigra. "But VAALCO has demonstrated that backup compliance can be achieved quickly, economically, and reliably with the right data backup/recovery solution such as the NetMass online backup service based on Asigra technology."



About VAALCO Energy



VAALCO Energy, Inc. (www.vaalco.com) is a Houston-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 a program that balances lower-risk acquisitions and exploratory drilling on domestic acreage with high-potential international prospects. The company's properties and exploration activities are located in the Texas Gulf Coast region and offshore in Gabon, West Africa.



About NetMass



NetMass, Inc. was founded in 1998 and is headquartered in Dallas. The company's Internet solutions help businesses of all sizes realize secure data protection, business continuity, and improved productivity. With its Safe Data(TM) suite of products, NetMass delivers online backup, data storage, file sharing, remote access, and disaster recovery solutions. Visit www.netmass.com for more information.



About Asigra



Asigra is the award-winning leader in remote office/branch office online backup/recovery with more than three petabytes of data under protection. Since 1986, the company's agentless Televaulting(TM) solution has centralized data management and eliminated the pricing and performance problems created by agent-based tape backup software in multi-site enterprises. Televaulting addresses state, Federal and international regulatory compliance demands by backing up remote/branch office data to the data center. Data is encrypted both in-flight over the WAN and at-rest. Televaulting is offered by leading resellers and service providers worldwide including to deliver highly secure data protection. Privately held Asigra is headquartered in Toronto, Canada with partner offices located globally. For more information visit www.asigra.com.



Asigra, Asigra Televaulting, Backup Lifecycle Management, BLM and the Asigra logo are trademarks of Asigra Inc. All other brand and product names are, or may be, trademarks of their respective owners.

[aktienmetz]

VAALCO Energy Announces 51% Increase in First Quarter 2006 Quarterly Results

2006-05-09 15:23 ET - News Release


HOUSTON, May 9 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. , an independent energy company, today announced that its earnings for the first quarter of 2006 were $11.0 million, or $0.18 per diluted share, a 51.1% increase compared with net income of $7.3 million or $0.12 per diluted share for the comparable period in 2005. First-quarter revenues were $31.2 million, up 35% compared with revenues of $23.1 million in the first quarter of 2005.

VAALCO sold 512,000 net barrels of oil equivalent at an average price of $60.93 per barrel during the first quarter of 2006, compared with 519,000 net barrels of oil equivalent at an average price of $44.58 per barrel in the first quarter of 2005.

The principal source of those sales was the Etame Field offshore of the Republic of Gabon in West Africa, where VAALCO operates and holds a 28% interest in a consortium currently producing approximately 18,000 barrels of oil equivalent per day. Sales from Etame during the first quarter of 2006 amounted to 2.1 million barrels of oil equivalent, of which VAALCO's share was 511 thousand barrels. That compares with sales of 2.2 million barrels in the first quarter of 2005, of which VAALCO's net interest was 518 thousand barrels.

Discretionary cash flow, a non-GAAP financial measure of the amount of cash generated that can be used for working capital, debt service or future investments, was $14.8 million for the three months ended March 31, 2006, compared to $9.8 million for the three months ended March 31, 2005.

Robert L. Gerry, III, Chairman and CEO stated, "First quarter 2006 earnings benefited from a more robust global crude oil market as compared to first quarter 2005. The Etame field continues to perform to our expectations. During the quarter, we announced agreement with the Republic of Gabon for a five-year extension of the Etame Marine Permit, effective in July, as well as a new oil sales agreement with Trafigura Beheer B.V., at a significantly higher price.

"We are aware of reports being circulated today indicating VAALCO has been awarded an interest in Block 5 offshore Angola. VAALCO will discuss the status of the award at its scheduled conference call on Thursday, May 11, 2006.

"With respect to our development activities in Gabon, our Avouma project adjacent to the Etame field remains on track for installation of the platform this summer, and first oil production from Avouma to begin late in the fourth quarter. In February, the government of Gabon approved commercial development of the Ebouri field, northwest of the Etame field. This paves the way for carving out a twenty-year exploitation area and the filing of a development plan for the project. We also continue to make progress on our development opportunities onshore in Gabon, in Angola, and in the North Sea region."



Abbreviated financial results:

(Unaudited - in thousands of dollars) Three Months Ended March 31,
2006 2005
Revenues 31,237 23,144
Operating costs and expenses 6,110 5,257
Operating Income (Loss) 25,127 17,887

Other Income (Expense) 114 121
Income tax expense (12,120) (9,876)
Income (loss) from discontinued operations (715) 8
Minority Interest in earnings of subsidiaries (1,432) (878)

Net Income 10,974 7,262

Basic Income per Common Share $0.19 $0.20

Diluted Income per Common Share $0.18 $0.12



Summary Statistics

Three Months Ended March 31,
(Unaudited) 2006 2005
Net oil and gas sales (MBOE) 512 519
Average price ($/bbl) $60.93 $44.58
Production costs ($/bbl) $6.48 $5.92
Depletion costs ($/bbl) $3.61 $3.06
General and administrative costs ($/bbl) $1.35 $0.87
Debt/Proved reserves ($/BOE) $0.68 $0.46
Capital Expenditures ($thousands) 1,855 483
Debt/Capitalization ($/$) $0.06 $0.07
Cash and cash equivalents ($thousands) 52,999 32,001
Working capital ($thousands) 63,881 34,332
Total long term debt ($thousands) 5,000 1,500



Discretionary Cash Flow
Unaudited - (thousands of dollars) Three Months Three Months
Ended Ended
March 31, March 31,
2006 2005

Net Income 10,974 7,262
Depletion, depreciation and amortization 1,847 1,588
Other non-cash charges:
Minority interest 1,432 878
Stock based compensation 325 ---
Amortization of capitalized debt issuance costs 256 39
Discretionary cash flow 14,834 9,767

Discretionary cash flow measures the amount of cash generated by the Company that can be used as working capital, to reduce debt, or for future investment activities. Discretionary cash flow is presented because management believes it is a useful adjunct to net cash flow provided by operating activities under accounting principles generally accepted in the United States (GAAP). The measure is widely used by investors and professional research analysts in the valuation, comparison, rating and investment recommendations of companies within the oil and gas exploration and production industry. Discretionary cash flow can be reconciled to net cash provided by operating activities in the Statement of Consolidated Cash Flows filed with the SEC as follows:



Unaudited - (thousands of dollars) Three Months Three Months
Ended Ended
March 31, March 31,
2006 2005
Discretionary Cash Flow 14,834 9,767
Working Capital Changes, net of non-cash (8,631) (4,187)
Exploration expense 252 149
Net cash provided by operating activities 6,455 5,729



Basic and diluted shares consist of the following:

Three months Three months
ended ended
March 31, March 31,
Item 2006 2005
Basic weighted average common
stock issued and outstanding 57,481,783 36,910,855
Preferred stock convertible to
common stock --- 15,482,256
Dilutive warrants --- 4,012,656
Dilutive options 2,691,326 1,981,758
Total diluted shares 60,173,109 58,387,525

The Company has scheduled a conference call on Thursday, May 11, 2006 at 10:00 am Central time. Interested parties may participate in the call by dialing 1(888)545-0687 or International dial in 1(630)691-2764, Confirmation Number 14584706.

Digital tape replay will be available immediately following the conference through June 11, 2006 by dialing 1(877)213-9653 or International dial in 1(630)652-3041 and entering Passcode 14584706#.

VAALCO Energy, Inc., incorporated in 1985, is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO owns producing properties and conducts exploration activities as operator of a consortium of five companies offshore of Gabon, West Africa. Domestically, the Company has minor interests in the Texas Gulf Coast area. VAALCO Energy also entered into an agreement with two partners to form a joint venture to start exploration and drilling activities in the North Sea region. The company has been qualified as an operator by the Angolan government to become eligible for upcoming bids of seven block leases of potential oil development areas.

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 wells. 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 available 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 http://www.sec.gov , or which can be received by contacting VAALCO at 4600 Post Oak Place, Suite 309, Houston, Texas 77027, [phone].

VAALCO Energy, Inc.



CONTACT: W. Russell Scheirman of VAALCO Energy, Inc., [phone]

[aktienmetz]

http://www.vaalco.com/start.html

wie gehabt: unter press ist der entsprechende bericht zu finden.....

[aktienmetz]

Schluss auf TH

7.56 +0.14

+1.9%

[aktienmetz]

VAALCO Energy Announces Notice of Award of a 40% Participating Interest as Operator of Block 5 Offshore Angola


2006-05-17 09:00 ET - News Release


HOUSTON, May 17 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. an independent energy company, announced today that it has received formal notice from Sonangol, the National Oil Company of the Republic of Angola, that it has been awarded a 40% participating interest in Block 5, a 1.4-million- acre oil exploration concession off the coast of Angola.

The Company will operate the block on behalf of a consortium of three companies, including Sonangol. The award of the block is subject to the execution of a Participation Agreement with Sonangol, the exclusive concessionaire of all mining rights for exploration and production of hydrocarbons in Angola. In connection with the Participation Agreement, VAALCO must also enter into a Production Sharing Agreement with the other members of the consortium.

Under the terms of the award, VAALCO will pay a signature bonus of $8.4 million for its interest. The Company also has committed to shoot 1,000 square kilometers within the block, and to drill two exploration wells during the four-year primary exploration term. A second three-year term is available for a commitment to additional seismic acquisition and two more exploration wells.

Block 5, which is located in the Kwanza basin in the northern waters offshore Angola, contains 1.4 million acres, with 95% of the block having a water depth of less than 200 meters. The acreage is equivalent in size to approximately 280 blocks offshore Louisiana in the Gulf of Mexico.

Twelve wells have been drilled in Block 5 by previous operators, three of which tested oil at rates from 700-1,100 barrels per day of 29-33 degree gravity crude. These oil accumulations were, at the time, deemed non- commercial, although it is reported by Sonangol that they proved up approximately 50 million barrels of oil in place. Four other wells had oil shows. A total of 8,000 line kilometers of 2-D seismic mapping was shot during the 1980s, and two 3-D surveys were shot in 1996 and 2000, for a total of 2,200 square kilometers of data. These surveys were primarily confined to the southern portion of the block.

Robert Gerry, Chairman and CEO of VAALCO, said, "As we have discussed with investors in the past, VAALCO is actively seeking to expand its opportunity base in West Africa and other regions of the world. With the execution of the new Mutamba Iroru production license onshore Gabon last November, and the award of this major exploration area offshore Angola, we have made large strides towards accomplishing this goal. The block offshore Angola is attractive to us because it has a proven hydrocarbon system based on the discoveries made by earlier operators. In addition, there are objectives below the salt that until recently were not able to be resolved without the new seismic processing techniques that have become available in the last several years. We look forward to working with Sonangol on this new venture."

VAALCO Energy, Inc., incorporated in 1985, is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO owns producing properties and conducts exploration activities as operator of a consortium of five companies offshore of Gabon, West Africa. VAALCO Energy also entered into an agreement with two partners to form a joint venture to start exploration and drilling activities in the North Sea region.

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/A for the year ended December 31, 2005, and other reports filed with the SEC which can be reviewed at http://www.sec.gov , or which can be received by contacting VAALCO at 4600 Post Oak Place, Suite 309, Houston, Texas 77027, [phone].

VAALCO Energy, Inc.

[sunbeamer]

MAY 24, 2006
Hot Growth Companies
By Mark Morrison

Vaalco Energy

GERRY "A lot less competition and a lot more opportunity offshore"

Gabon, on Africa's Atlantic coast, is one of those remote places where it usually takes the deep pockets of an energy industry giant like Exxon Mobil (XOM) or Royal Dutch Shell (RDS'A) to discover and produce oil and natural gas. So what is Vaalco Energy, an upstart with just 20 full-time employees and annual revenue of $93 million, doing there drilling into the ocean floor? Pumping a lot of cash.

Executives at the Houston-based outfit figured the odds of striking it rich were better in foreign territory than at home, where hundreds of other wildcatters were hustling for a dwindling number of prospects. The timing of its African foray could hardly have been better. With oil prices around $70 a barrel, reserves valued at $101.6 million in 2003 are now worth 60% more. Says Chief Executive Robert Gerry III: "For us there's a lot less competition and a lot more opportunity offshore."The Gabon oil has fueled phenomenal growth for the energy outfit. Over the past three years, its revenues have increased more than eightfold, while profits are up 75 times, to $33.7 million, from just $445,000 in 2002. That not only put Vaalco on BusinessWeek's Hot Growth list for the first time, it allowed it to debut at No. 1.
Advertisement


OIL RAGS TO RICHES. Gerry, a 67-year-old veteran of the oil patch who started out as a New York stockbroker, has taken Vaalco from hard times to wealth. The company was barely alive in the late 1990s as energy prices cratered and production from its old wells in the Philippines dwindled. Its annual revenue was less than $1 million through 2001.

To revive the company, Gerry drilled a test well in an expanse extending 25 miles from the coast of Gabon. Vaalco had paid less than $1 million in 1995 for the right to drill there. The well, in 270 feet of water, found reserves estimated at 30 million barrels, and Vaalco owns 28% of that oil. The Etame field now produces about 18,000 barrels a day for its partners, and provides essentially all of Vaalco's revenue.

With cash reserves of $70 million, Gerry is ready to do more wildcatting. Later this year, he hopes to sink wells in new acreage in Gabon. The oil producer also has put up $8.4 million for a 40% interest in 1.4 million acres off the coast of Angola and has set up an office in Scotland to scout for North Sea projects.

Of course, Vaalco's future depends on adding reserves to offset its output. Given its peewee stature, vaalco is far more vulnerable to a string of dry wells or a plunge in oil prices than Exxon Mobil or Shell. And if it finds more oil? Don't be surprised to see a larger player try to gobble up the little money pumper.

Morrison is national correspondent for BusinessWeek

[schupfnudel]

Hallo!
Schön, wie sich EGY wieder Richtung Norden bewegt.
http://yahoo.businessweek.com/hot_growth/2006/company/1.htm

Grüße
S

[schupfnudel]

Hier noch ein kleines Video aus der Businessweek. (WindowsMediaPlayer)

http://feedroom.businessweek.com/ifr_main.jsp?nsid=b-67deb06…

Schöne Pfingsten

[schupfnudel]

AUSBRUCH !!

Schön!
Fragt sich nur mit wieviel heißer Luft. Seit Ihr auch noch dabei?
Die Stimmung am Gesamtmarkt hat sich "normalisiert", nach monatelangen Kursgewinnen. Die jüngste Korrektur hat Vaalco ja schnell weg gesteckt, aber so wie vorher geht es nicht weiter. Es riecht so nach dem Süden, vor allem in den USA. Der § taucht auch ab.
Immer dieser Poker mit den 12 Monaten wegen der Steuer. Meine Einschätzung bezüglich Öl-Preis wiegt mich aber in (gefährlicher ?) Sicherheit. Vielleicht halten wir noch ein bischen durch, die Zinsangst rückt ja mit den heutigen schwachen US-Arbeitsmarktzahlen erst mal in den Hintergrund. Spannende Zeit.
Allen viel Spaß.

Das Wochenende kann kommen.
jeep!
S

[matthiasch]

Über den weiteren Kursverlauf mache ich mir auch meine Sorgen, da ich noch nicht mit einer überstandenen Korrektur im Ölsektor rechne. Soeben auch die Hälfte meiner EGY zu einem - wie ich finde - für die aktuelle Marktlage ordentlichen Preis geschmissen.

[sunbeamer]

Vaalco macht ja mal wieder Freude bei diesem Kursverlauf.Hat jemand eine Ahnung, woher der Schub kommt?

[Steigerwälder]

Antwort auf Beitrag Nr.: 22.320.520 von sunbeamer am 28.06.06 17:29:33

Es sind nirgens News zu finden.
Der Anstieg der letzten Zeit ist aber eine lange überfällige Anpassung. Wurde aber zuletzt in den USA sehr viel über Vaalco berichtet. "Wachstumstarkes Unternehmen" und so...überall an Nr.1 in den Ranglisten. Jetzt haben einige Kleinanleger und Fondmanager gemerkt das hier was zu holen ist. Ist also nicht mehr nur das smart money drin.

[benefactor [KommA]]

Jetzt notieren wir endlich zweistellig.

Close: $10,00

[benefactor [KommA]]

VAALCO Energy Announces Arrival of Avouma Production Platform
Friday July 7, 9:00 am ET

HOUSTON, July 7 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News) announced today that the production platform has arrived at its Avouma field off the coast of Gabon in West Africa, and a 10-mile-long pipeline linking the platform to a Floating Production, Storage and Offloading facility should be completed next week.

The Avouma field, which VAALCO discovered in 2004, is expected to produce approximately 10,000 barrels oil per day from two horizontal wells when production begins late in the fourth quarter this year. Drilling at the site is due to begin in October.

Robert Gerry, Chairman and Chief Executive Officer, stated, "Avouma will be our second field on the Etame Block to come on production. The first field, Etame, was developed in 2002 and produces approximately 18,000 barrels oil per day. The $100 million Avouma development project, when completed, will take our production to a new level."

In addition VAALCO announced that it has received Gabon government approval for a development area around the Ebouri discovery, also discovered in 2004. A development plan is almost complete and will be filed with the government, with a target of late 2007 for startup of the Ebouri field. Ebouri is expected to add an additional 5,000 barrels per day to the Etame Block production.

[benefactor [KommA]]

Und hier noch die Meldung vom 5. Juli von Jeffries, woraufhin Vaalco wieder von seinen 52 Wochenhoch kam.

Jefferies Cuts Vaalco Energy to Underperform

From Standard & Poor's Equity Research Jefferies downgraded Vaalco Energy (EGY) to underperform from hold, citing the stock's valuation. Analyst Leo Mariani notes that as of Monday's close, Vaalco Energy was at a 153% premium to the value of announced discoveries, which he estimates at $4 per share in a flat $65 West Texas Intermediate oil price environment. He believes there's upside to announced discoveries, but the stock is ahead of itself given that Vaalco Energy is not expected to commence drilling an exploratory well until at least the second quarter of 2007. Despite the downgrade, he ups his 84 cents 2006 earnings per share (EPS) estimate to 88 cents and his $1.06 2007 estimate to $1.11. His $4.50 target moves to $6 amid better-than-expected performance at Etame operations and earlier-than-expected production at Avouma/South Tchibala.

[Mexx]

Was meinst Du Bene, jetzt doch rausgehen, bevor noch andere Analystenmeinungen kommen, oder laufen lassen ?


Gruß

[sunbeamer]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[chatterhand1]

das ist also die aktie die derzeit der hammer ist!

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 22.977.955 von chatterhand1 am 23.07.06 14:44:37

Nur weil ich dir bei MMIO auf deine kleinen Fingerchen geklopft habe und dich deiner Illusionen beraubt habe, musst du noch lange nicht in jedem meiner Thraeds herumspammen.

Schäm dich.

[benefactor [KommA]]

VAALCO Energy's 2nd Quarter Net Income Doubles
Thursday August 10, 9:00 am ET

HOUSTON, Aug. 10 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), announced that for the second quarter of 2006 its net income was $10.5 million or $0.17 per diluted share, more than double its net income of $5.0 million or $0.09 per diluted share for the comparable period in 2005. Second-quarter revenues increased 54% to $25.6 million.

VAALCO sold 374,000 net barrels of crude oil equivalent at an average price of $68.47 per barrel during the second quarter of 2006, up 10% and 42%, respectively, from 339,000 barrels of crude oil equivalent and an average price of $48.31 per barrel in the second quarter of 2005.

For the first half of 2006, the Company earned $21.5 million, or $0.36 per diluted share, an increase of 75% from VAALCO's earnings of $12.3 million or $0.21 per diluted share in the first half of 2005.

Crude oil sales for the first half of 2006 were 886,000 barrels of oil equivalent, up 3%. Crude oil prices increased 39% to an average $64.15 per barrel of oil equivalent for the first half.

Robert L. Gerry, III, Chairman and CEO, stated, "We continue to make excellent progress in every phase of our business -- exploration, development and production. Our second-quarter revenues and earnings reflect higher commodity prices and lifting volumes from our Etame field offshore Gabon, West Africa. We are preparing to begin drilling in October using the new platform now being installed at the Avouma field near Etame. And finally, we were successful in bidding for a 40% interest in the 1.4 million-acre Block 5 concession offshore Angola, where new seismic processing techniques make exploration for sub-salt targets more feasible. We are very well positioned to take advantage of the dramatic changes reshaping global energy markets, and are investing strategically to seize the opportunities before us."

http://biz.yahoo.com/prnews/060810/dath005.html?.v=69

[Steigerwälder]

Antwort auf Beitrag Nr.: 23.386.312 von benefactor am 10.08.06 15:37:58

Im Focus Money von letzter Woche wir Vaalco erwähnt.


Da ist eine Story über irgentwelch oberschlauen Analysten, die sich auf aussichtsreiche Nebenwerte spezialisiert haben.

Der eine hat einen aussichtsreichen Energiewert entdeckt, "der von anderen Analysten kaum beobachtet wird." Er sieht bei Vaalco " ein höheres Kurspontential als bei den meisten Konkurrenten..."
Derzeitiges KGV wird mit 11 angegeben.

Aber wie schon von an anderer Stelle zu lesen: wenn die Avouma Plattform fördert kann sich das KGV nochmal halbieren. UNd auf Sicht von ein paar Jahren gibts Phantasie durch den Onshore Block in Gabun und die Lizenzen in Angola. Das Vaalco Management hat im Gegensatzt zu anderen Explorern auch schon gezeigt, dass sie es können.

[Steigerwälder]

Antwort auf Beitrag Nr.: 23.802.917 von Steigerwälder am 07.09.06 10:13:01

Hier mal wieder ein...


Press Release

Source: VAALCO Energy, Inc.

VAALCO Energy Announces New York Stock Exchange Listing
Monday October 2, 9:00 am ET

HOUSTON, Oct. 2 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (Amex: EGY - News), (the "Company"), a growing exploration and production company operating internationally, announced today that it has been approved for listing on the New York Stock Exchange (NYSE). The stock is expected to begin trading on the NYSE on October 12, 2006 under the symbol EGY. The last day for trading of the Company's stock on the Amex will be October 11, 2006.

The NYSE approval is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on the NYSE, and may be rescinded if the Company is not in compliance with such standards. The Company believes it is in compliance as of the date of this release.

"We are excited to join the ranks of some of the world's best known companies," stated Robert Gerry, Chairman and CEO of the Company. "We anticipate that the listing will increase our visibility and investor base due to the high standards and globalization of the New York Stock Exchange."

VAALCO operates the Etame Block offshore Gabon, West Africa, where it has sold 23.9 million gross bbls (5.7 million net bbls) from the Etame field since startup. The Company made two discoveries on the Etame block in 2004 (the Ebouri and Avouma discoveries). The Company recently set a platform to develop the Avouma discovery, and commenced drilling operations for two development wells on the platform last week. Last month the Company received approval from the Gabonese government for the development plan for the Ebouri discovery, with plans to construct and set a platform to develop Ebouri in late 2007.

The Company also has exploration rights onshore Gabon via a five year production sharing contract over the 270,000 acre Mutamba Iroru block.

In September 2006, the Company received approval from the Angolan cabinet of its award by Sonangol, the National Oil Company of the Republic of Angola, of a 40% participating interest in Block 5, an oil exploration concession located in the Kwanza basin in the northern waters offshore Angola. The four year primary term of the contract awards the Company exploration rights to 1.4 million acres, with 95% of the block having a water depth of less than 200 meters. The Company is the designated operator of the concession and during the initial term will acquire 1,000 square kilometers and drill two exploration wells. A second three year term is available for a commitment to acquire additional seismic within the block and the drilling of two additional exploration wells.

Additionally, since the beginning of the year the Company's consultant in England has been studying blocks in the North Sea that are currently available or will soon become available for acquisition. The Company has applied to the government for blocks in the 24th licensing round held last June. The winners of blocks are expected to be announced later in October.

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, 2003 and other reports filed with the SEC which can be reviewed at http://www.sec.gov , or which can be received by contacting VAALCO at 4600 Post Oak Place, Suite 309, Houston, Texas 77027, [phone].

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 24.381.582 von Steigerwälder am 03.10.06 17:34:59

VAALCO Energy Selects VDM Specialists for Its Transfer from AMEX to NYSE
Friday October 13, 8:00 am ET

NEW YORK, Oct. 13 /PRNewswire/ -- VDM Specialists, LLC has commenced trading of VAALCO Energy, Inc. (NYSE: EGY - News), a growing international exploration and production company, on the New York Stock Exchange (NYSE).

Since 2004, VAALCO had been listed on the American Stock Exchange. The company's daily trading volume, in September, was approximately 763,000 shares. VAALCO did not issue additional shares, nor raise capital, as part of its NYSE listing. Currently, there are 58,358,314 shares outstanding.

In the past year, seven companies have selected VDM Specialists as their specialist for their transfer to the NYSE. Companies typically moved their share listings from the AMEX to the NYSE to take advantage of the Exchange's market quality, low volatility and deep liquidity.

"We are excited to join the ranks of some of the world's largest and most prestigious companies," stated Robert Gerry, Chairman and CEO of VAALCO Energy, Inc. "We expect that our listing on the NYSE will increase VAALCO's visibility and investor base, due to the Exchange's strong brand, high listing standards and global appeal. VDM's guidance and support were instrumental in our decision, and we look forward to working closely with our new partner in the capital markets to ensure our investment story and value proposition are fully understood."

Robert Fagenson, CEO of VDM Specialists, commented: "VAALCO is a highly respected and fast-growing energy company, and we are pleased to help initiate their trading today on the NYSE. The company's listing expands VDM's growing reputation as a preferred specialist to the energy industry, as well as leader in helping companies navigate the uncertainty of moving from one exchange to another without disruption. We welcome VAALCO to the NYSE, and intend to leverage our trading expertise and insights to help increase liquidity in the company's shares and ensure it fully enjoys the expanded benefits of its new NYSE membership."
http://biz.yahoo.com/prnews/061013/nyf019.html


New York Stock Exchange Welcomes VAALCO Energy Inc. as its 15th Transfer in 2006
Friday October 13, 9:21 am ET
7th TRANSFER FROM AMEX in 2006
20th Energy Listing on NYSE Group in 2006
Total market cap for NYSE Group Energy Companies Totals more than $3 trillion

NEW YORK--(BUSINESS WIRE)--Today, NYSE Group, Inc. (NYSE: NYX - News) welcomed VAALCO Energy, Inc., ranked the #1 fastest growing company by Fortune Magazine in 2006, as its 15th transfer to the Exchange and seventh transfer from AMEX year-to-date.

VAALCO Energy (NYSE: EGY - News), a global independent energy company engaged in exploration, development and production of crude oil, joins the NYSE Group as the 20th energy company listing in 2006. The company, with a market cap of $425 million, brings the total market capitalization for all NYSE Group energy listings to $3.1 trillion.

Based on market capitalization, 96% of the qualified domestic energy-related stocks are currently listed on NYSE Group.

Recent energy listings on NYSE Group in 2006 include Helix Energy Solutions (NYSE: HLX - News) with a market cap of $3.04 billion; Penn West Energy Trust (NYSE: PWE - News) with a market cap of $6.1 billion; and CNX Gas Corporation (NYSE: CXG - News) with a market cap of $4.1 billion.
http://biz.yahoo.com/bw/061013/20061012005600.html

[Steigerwälder]

Hier iss die coole Vaalco-Gang beim Glocken-Leuten....

Gibts eigentlich neue Informationen zur Inbetriebnahme der Avouma-Plattform? Hast´ ne Ahnung wie die aktuellen Gewinnschätzungen aussehen?

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 24.615.515 von Steigerwälder am 14.10.06 15:25:11

Stand: Juli/August

PR:
The Avouma field, which VAALCO discovered in 2004, is expected to produce approximately 10,000 barrels oil per day from two horizontal wells when production begins late in the fourth quarter this year. Drilling at the site is due to begin in October.

10-Q:
The Company operates the Etame field on behalf of a consortium of five companies offshore of the Republic of Gabon. The field produces from four subsea wells into a 1.1 million barrel FPSO vessel. During the six months ended June 30, 2006, the Etame field produced 3.2 million barrels (0.9 million barrels net to the Company). The Etame field currently produces at approximately 18,000 BOPD (5,000 BOPD net to the Company). The Company sells its Gabon production to the trading company Trafigura Beheer B.V. (“Trafigura”) at spot market prices.

The Etame Production Sharing Contract area (the “Etame Block”) which is comprised of approximately 750,000 acres all of which is offshore Gabon contains the Etame field, the Avouma discovery and the Ebouri discovery. The Avouma discovery is under development, with a platform and pipeline currently being installed with first production anticipated by year end 2006. In February 2006, the Company received approval from the Gabon government to declare the Ebouri discovery commercial. In June 2006, the Company applied for and received approval for a twenty year exploitation license encompassing the Ebouri discovery. The Company has prepared a development plan and is awaiting partner approval prior to submitting the plan to the Gabon government. The Company expects to begin implementing the development plan in the fall of 2006, and depending on rig availability, could have the project online by the end of 2007.

In November 2005, the Company signed a production sharing contract for the Mutamba Iroru block onshore Gabon. The five-year contract awards the Company exploration rights to approximately 270,000 acres along the central coast of Gabon. The Company is currently gathering data from past operators of the area for interpretation and prospect delineation.

In May of 2006 the Company was notified by the Angolan government that is was the successful bidder for a 40% working interest in the 1.4 million acre Block 5 offered offshore Angola. The Company has negotiated a Production Sharing Agreement with the government which is awaiting approval by presidential decree. If the Production Sharing Agreement is approved, the Company will pay a $10.5 million dollar signature bonus for its interest, and be required to pay its share to acquire and process 1,000 square kilometers of 3-D seismic data on the block, and to drill two exploration wells during a four year period commencing from the date of execution of the Production Sharing Agreement


Ansonsten wird die Avouma Platform ca. die gleiche Umsatzrendite einbringen wie das Etame Field selber nur die Produktion und die Reserven werden nicht so hoch sein.

[benefactor [KommA]]

VAALCO Energy Announces Signing of PSA With Angola
Tuesday November 7, 2:48 pm ET

HOUSTON, Nov. 7 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (NYSE: EGY - News), (the "Company) announced today that the official signing of the Production Sharing Agreement (PSA) for Block 05/06 offshore Angola occurred on November 2, 2006 in Luanda, Angola.

VAALCO has a 40% interest in the block, and will be the operator of the concession for its partners Interoil Exploration & Production ASA (40%) and Sonangol (20%).

Block 5 covers an offshore area of approximately 1.4 million acres. During the 1980's and 1990's twelve wells were drilled on the block with at least five successfully discovering hydrocarbons, though none of the discoveries were developed at that time. A 3D survey has been shot and VAALCO and its partners are preparing to reprocess and interpret the data in anticipation of exploratory drilling in the later part of 2007 or early 2008.

In connection with the award of the block, VAALCO will pay a signing bonus of $10.5 million. The block has a term of four years during which two exploration wells must be drilled. A further three-year extension is available for a commitment of additional seismic work and two additional exploration wells.

[benefactor [KommA]]

VAALCO Energy's 3rd Quarter Net Income Climbs 14%
Thursday November 9, 9:15 am ET

HOUSTON, Nov. 9 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (NYSE: EGY - News), announced that for the third quarter of 2006 its net income was $13.6 million, or $0.22 per diluted share, up 14% from its net income of $11.9 million, or $0.20 per diluted share, for the comparable period in 2005. Revenues were $25.6 million in the third quarter of 2006, compared with $26.2 million in the third quarter of 2005.

VAALCO sold 391,000 net barrels of crude oil equivalent at an average price of $65.50 per barrel during the third quarter of 2006, compared to 451,000 net barrels of crude oil equivalent at an average price of $58.71 per barrel in the third quarter of 2005.

For the nine months ended September 30, 2006, the Company earned $35.1 million, or $0.58 per diluted share, an increase of 45% from VAALCO's earnings of $24.2 million, or $0.41 per diluted share, in the nine months ended September 30, 2005. Nine-month revenues increased 25% to $82.5 million from $66.0 million.

Crude oil sales for the nine months ended September 30, 2006 were 1,277,000 net barrels of oil equivalent compared with 1,311,000 net barrels for the nine months ended September 30, 2005. Average crude oil sales prices increased 28% to an average $64.54 per barrel of oil equivalent for the nine months ended September 30, 2006.

Robert L. Gerry, III, Chairman and CEO, stated, "During the third quarter, the Etame field offshore Gabon, West Africa, continued to perform well for the Company. We completed the installation of the drilling platform in the adjacent Avouma field and the pipeline that will tie Avouma to the Etame production facilities. We are currently drilling two development wells in Avouma and hope that this field will become a new source of revenue later this year.

"To expand our exploration portfolio, earlier this month we signed a Production Sharing Agreement with the Government of Angola for a 40% interest in the 1.4 million-acre Block 5 concession offshore Angola. That represents our third exploration concession, along with Etame and the onshore Mutamba Iroru concession in Gabon."

http://biz.yahoo.com/prnews/061109/dath011a.html

[Steigerwälder]

In Etame geht die Produktion also leicht zurück.
Erfreulich, dasss Avouma noch dieses Jahr Öl beisteuern soll- wenn ich das richtig verstanden habe.

Langfristig sorgt der Onshore Block in Gabun und die Lizenz in Angola für Phantasie. Werde auf jeden Fall trotz bzw. über 100% weiter investiert bleiben.



@ bene

Was glaubst du wie sich die Avouma -Prduktion auf die 2007er Gewinne auswirkt? Sind 1,50-2,00$ pS möglich?

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 25.247.037 von Steigerwälder am 09.11.06 20:16:48

Ich tendiere eher zu $1,00-$1,50 pro Aktie.

[Chalifmaehn]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[OpaQ]

Ich bin immer noch erstaunt, wie wenig Interesse in Ffm an Vaalco besteht. Die Story ist nicht schlechter als bei vielen anderen. Auch bei Revus sieht es so dünne aus.

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 25.869.801 von OpaQ am 01.12.06 20:36:29

Die konzentrieren sich eben auf ihr Business und gehen keine dubiosen Deals ein. Andere dagegen schlagen die ganze Zeit Schaum und bezahlen Promoter-Agenturen/Börsenbriefe, damit die ihre Aktien an den Mann bringen.

[GoldfingerU3O8]

Hat jemand etwas von Avouma gehört? Das Teil sollte ja in Q4 in Produktion gehen.
Imho müsste sich das bald im Aktienkurs niedergeschlagen.

BG,
GfU3O8

[OpaQ]

Mal so nebenbei: Ich habe eine neue Ölheizung installieren lassen und dabei die Monteure mal nach der Zukunft ausgefragt.
KEIN EINZIGER von denen (8 Leute) heizt noch mit ÖL !
Meistens mit HOLZ oder Kohle, kombiniert mit Solarkollektoren.
Von Wärmepumpen und Solarzellen halten alle nichts (obwohl sie die entsprechenden Lehrgänge machen mußten und sowas täglich bei Kunden installieren!) Wohlgemerkt: ALLE hatten vorher normale Ölheizungen!
Macht ja doch etwas nachdenklich...

[Steigerwälder]

Antwort auf Beitrag Nr.: 26.109.487 von GoldfingerU3O8 am 11.12.06 19:23:06

Irgentetwas schlägt sich derzeit auf den Kurs nieder. Sieht aber nicht so aus als würde alles nach Plan laufen

[sunbeamer]

Antwort auf Beitrag Nr.: 26.427.965 von Steigerwälder am 23.12.06 12:21:33

Ich schätze, das ist schlicht der niedrige Ölpreis. Andere Info hab ich zumindest nicht - oder ist mir etwas entgangen?

[sunbeamer]

Hier mal eine Stimme zur Motivation aus dem Yahoo-Board vom 29.12.06 zu EGY:

"Jmho - 2007 - should bring: 1) an increase in production of 10000-12000+ boed for consortium 2) increase profitability with production at 24500 boed+ and a cost account balance to reduce tax rate 3) Good News on Angola prospects 4) Good news on Mutamba prospects along with possibly news on a new partner to cover cost of one or two exploratory wells 5) Good news on Etame Marin Prospect "A" and satillite fields and possibly exploratory well in summmer 6) Possibly a rework of etame 1v well or new horizontal well to increase production to near 6000 boed 7) Major progress on bringing Ebouri field and it satillite field(s) on line in 2007 or 2008 8) news on North Sea auction 9) Possibly exploratory well is North Sea 10) Continued increases in cash and stock equity.

Notes the annual low price will soon approach upper fives .

And institutional and fund owners have increased in numbers and size along with insider holders since may 2006 to sept 2006 (last update)
insiders 3% to 25%-------institutions & funds 40% to 51%---float from41% to68% and number of holders from 52 to 96.
Probably higher now.

What a company? What a bargain at today's price!! JMHO.


Sentiment : Strong Buy"

Dazu haben wir ein KGV von 10. Bin jedenfalls seit kurzem wieder dabei!

[lopinsky]

Hallo,
kann keine news finden, die den letzten Kursrückgang erklären könnte. Ist es nur, dass ÖL rückläufig ist?
Hat mir jemand eine Adresse bei der man einen Langfristchart einsehen kann? Durch den Wechsel wurde mein Chart "zerstört".
Danke!

Gruß
L.

[el.lobo.feroz]

Neues von Vaalco in Gabun (Quelle: Google finance):

HOUSTON, Jan. 16 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (NYSE:
EGY) announced today that oil production has begun from the Avouma Field
off the coast of Gabon in West Africa. The first of the two wells drilled
to develop the field has been placed on a production test and is currently
flowing at approximately 5,500 barrels oil per day. This well will be
tested for seventy two hours, then shut in to gather pressure data, at
which time the second well will be brought on stream for testing. Following
completion of the second well test, both wells will be placed on
production.
The oil flowing from the Avouma field is being loaded aboard the Etame
Floating Production, Storage and Offloading (FPSO) facility via a
10-mile-long pipeline. Construction of the last phase of the pipeline was
completed last week with the installation of a flexible riser to connect
the pipeline to the FPSO.
In July 2006, VAALCO projected that the Avouma field would produce
approximately 10,000 barrels oil per day when all wells were fully
operational. Avouma supplements production from VAALCO's nearby Etame
field, where oil production continues at the rate of approximately 15,800
barrels oil per day.
Robert Gerry, Chairman and Chief Executive Officer, stated, "Avouma is
our second field on the Etame Block to begin production. We are pleased
that this project was completed on time and on budget in this tight market
for oilfield services. We have additional opportunities within that block
that we continue to pursue, including our Ebouri discovery, where we have
commenced platform construction for installation later this year. We are
also very positive about and making progress on plans for our properties
near Angola, where we have signed a Production Sharing Agreement (PSA) for
Block 05/06 offshore and have a 40% operator interest.
"In summary, VAALCO continues on track with its commitments to acquire
niche energy properties that we believe have significant potential, as well
as to explore for and profitably extract oil from those properties."
The Company's subsidiary VAALCO Gabon Etame, Inc. operates and owns a
28.07% interest in the Etame Field. Other field partners are Addax
Petroleum Etame Inc. (31.36%), Sasol Petroleum West Africa (Ltd.) (27.75%),
Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) and
Tullow Oil Gabon SA (7.5%).

buenas noches!
el lobo

[lopinsky]

Waffen, Öl, dreckige Deals - wie China den Westen aus Afrika drängt

http://www.spiegel.de/wirtschaft/0,1518,458968,00.html

Hat jemand den Bericht gelesen?
Ist m.E. schon ein Knüller.
Zur Beruhigung: Ghana wird nicht erwähnt.

Gruß
L.

[lopinsky]

Antwort auf Beitrag Nr.: 27.060.660 von lopinsky am 20.01.07 18:08:40

Upps: Gabun ist knapp erwähnt.

[OpaQ]

Jetzt, nach der Gas/Ölpreiserhöhung sollte es aber wieder mal aufwärts gehen!

[lopinsky]

Antwort auf Beitrag Nr.: 27.337.795 von OpaQ am 01.02.07 07:54:33

Weis auch nicht!
Die Kerze am 30.01.07 stimmt mich ein wenig positiv.
Vielleicht wars das mit der laufenden Abwärstsbewegung.

Gruß
L.

[schupfnudel]

Ha, endlich tut sich mal wieder was. War auch eine harte Zeit. In meinen Augen nun total überverkauft. Viele sind short. Endlich steigt das Volumen und auch der Kurs. Gute(?) Zahlen stehen an. Heute noch die 7$ ?
Ich glaune daran.
Schupf

[Steigerwälder]

Wenn der Boden gefunden ist, so wäre das auch langsam Zeit...

[Woodly2712]

wann kommen die nächsten zahlen?

[Steigerwälder]

Gestern kamen die Zahlen, der Markt scheint not amused...

[sunbeamer]

Antwort auf Beitrag Nr.: 28.191.632 von Steigerwälder am 08.03.07 20:26:03

Anscheinend ja, aber die Zahlen sind doch gut. Es kann eben nicht jedes Mal eine Verdopplung der Earnings geben, wie es die Aktionäre anscheinend von Vaalco erwarten.

VAALCO Energy Completes 2006 With Earnings Up 38%

HOUSTON, March 5 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (NYSE: EGY) announced that for the year ended December 31, 2006, total oil and gas sales were $98.3 million, up 16% from $84.9 million in 2005. Operating income for the year was $74.3 million, up 17% from $63.6 million in 2005. The Company's net income for the year was a record $40.3 million, or $0.67 per diluted share, up 38% from last year's net income of $29.2 million, or $0.50 per diluted share.

VAALCO's improved 2006 results were due largely to higher average energy prices in 2006. VAALCO sold approximately 1,554,000 barrels of oil equivalent at an average price of $63.26 during 2006, compared with 1,633,000 barrels of oil equivalent at an average price of $52.04 during 2005.

Robert L. Gerry, III, Chairman and CEO stated, "2006 was a milestone year for VAALCO. With strong commodity prices we achieved record revenues and earnings from our Etame Field offshore Gabon. We started up the Avouma Field, located approximately 11 miles south of Etame, and our two horizontal wells are each flowing 3,000 barrels of oil per day with no trace of water. Total production to the VAALCO operated consortium is now approximately 20,000 gross barrels of oil per day and we expect to maintain that rate for the balance of the year."

Fourth-quarter oil and gas sales were $15.9 million in 2006, down 16% from $18.9 million in 2005. Fourth-quarter operating income was $8.9 million in 2006, down 36% from $13.8 million in 2005. However, net income increased 5% to $5.3 million, or $0.09 per diluted share in the fourth quarter of 2006, compared with $5.0 million or $0.09 per diluted share in the fourth quarter of 2005. The increase in net income stems principally from tax benefits associated with VAALCO's substantially expanded investments in exploration and production activities during 2006.

The Company sold approximately 277,000 net barrels at an average price of $57.36 per barrel during the fourth quarter of 2006, 50,000 fewer barrels than the 327,000 barrels sold in the fourth quarter of 2005 at an average price of $57.88 per barrel. The last lifting of the quarter occurred on December 7, 2006. Unsold crude oil remaining in the FPSO at year end was approximately 500,000 barrels. The latest lifting ended February 28, 2007, with the sale of approximately 912,000 barrels.

Discretionary cash flow, a non-GAAP financial measure of the amount of cash generated that can be used for working capital, debt service or future investments, was up 38% for the year to $52.8 million, compared to $38.4 million last year.

VAALCO finished 2006 with proved developed producing reserves of 4.7 million barrels of oil equivalent, compared to 5.3 million barrels oil equivalent at year-end 2005. Total proved reserves at year-end 2006 were 6.0 million barrels of oil equivalent compared to 7.8 million barrels of oil equivalent at year end 2005. The Company booked additional undeveloped reserves associated with the Ebouri field and the Etame field of approximately 1.3 million barrels, only partially offsetting production of 1.6 million barrels in 2006. In addition, negative net revisions of 1.6 million barrels were recorded in 2006 reflecting the effect of lower year-end prices in 2006 versus 2005 on the economic limit of the fields, and reservoir performance.

"The Gabon government has approved our development plan for the Ebouri Field," Gerry said, "and we have begun construction of the platform in Ingleside, Texas. We plan to install the facility and be on production in 2008. We have completed our 3-D survey over the 'A' Lead on our Etame concession and have started reprocessing the seismic for our 270,000-acre onshore Mutamba concession. We have also successfully acquired a modern 3-D survey covering a portion of our 1.4-million-acre concession offshore Angola, and will shortly begin processing that information to map drillable prospects in the area. With our strong balance sheet and cash flow, we believe we are in the best position in our history to realize the upside potential of our exploration portfolio, and we will continue to pursue these and other opportunities to maximize long-term returns for VAALCO's shareholders."

Summary financial statistics are provided in the tables below.



Abbreviated financial results:

Three Months Ended Year Ended
(Unaudited - in thousands December 31, December 31,
of dollars) 2006 2005 2006 2005

Revenues 15,873 18,952 98,325 84,935
Operating costs and expenses 6,985 5,120 23,995 21,358
Operating Income (Loss) 8,888 13,832 74,330 63,577

Other Income (Expense) 682 337 1,925 812
Income tax expense (3,419) (8,402) (30,496) (31,491)
Loss from discontinued
operations (1) (53) (242) (69)
Minority Interest in
earnings of subsidiaries (860) (695) (5,174) (3,647)

Net Income 5,290 5,019 40,343 29,182

Diluted Income per Common
Share $0.09 $0.09 $0.67 $0.50



Proved Reserves:

Oil Gas
(MBbls) (MMcf)

BALANCE AT DECEMBER 31, 2004 8,734 54
Production (1,635) (17)
Revisions 728 (16)
BALANCE AT DECEMBER 31, 2005 7,827 21
Production (1,552) (11)
Revisions (1,590) 7
Additions 1,306 ---
BALANCE AT DECEMBER 31, 2006 5,991 17



Discretionary Cash Flow:

Unaudited - (thousands of dollars) Year Ended Year Ended
December 31, December 31,
2006 2005

Net Income $40,343 $29,182
Depletion, depreciation and
amortization 6,720 5,369
Other non-cash charges:
Minority interest 5,174 3,647
Stock based compensation 1,065 ---
Amortization of capitalized
debt issuance costs 596 159

Discretionary cash flow $52,833 $38,357

Discretionary cash flow measures the amount of cash generated by the Company that can be used as working capital, to reduce debt, or for future investment activities. Discretionary cash flow is presented because management believes it is a useful adjunct to net cash flow provided by operating activities under accounting principles generally accepted in the United States (GAAP). The measure is widely used by investors and professional research analysts in the valuation, comparison, rating and investment recommendations of companies within the oil and gas exploration and production industry. Discretionary cash flow can be reconciled to net cash provided by operating activities in the Statement of Consolidated Cash Flows filed with the SEC as follows:


Unaudited - (thousands of
dollars)

Year Ended Year Ended
December 31 December 31
2006 2005

Discretionary Cash Flow $52,833 $38,357
Working capital changes, net
of non-cash 8,841 (5,165)
Exploration expense 2,762 2,709
Net cash provided by operating
activities $64,436 $35,901



Summary Statistics

Three Months Ended Year Ended
December 31, December 31,
(Unaudited) 2006 2005 2006 2005

Net oil and gas sales
(MBOE) 277 327 1,554 1,638
Average price ($/bbl) $57.36 $57.88 $63.26 $52.04
Production costs ($/bbl) $10.39 $6.63 $7.86 $6.46
Depletion costs ($/bbl) $5.99 $3.16 $4.32 $3.28
General and
administrative costs
($/bbl) $4.56 $5.49 $1.54 $1.65
Debt/Proved reserves
($/BOE) --- --- $0.83 $0.19
Capital Expenditures
($thousands) --- --- 33,244 13,347
Debt/Capitalization ($/$) --- --- 0.04 0.02
Cash and cash equivalents
($thousands) --- --- 60,979 43,880
Working capital
($thousands) --- --- 57,495 47,749
Total long term debt
($thousands) --- --- 5,000 1,500



Basic and diluted shares consist of the following:

Three months ended Year ended
Item Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2006 2005 2006 2005
Basic weighted
average common
stock issued
and outstanding 58,820,395 56,943,430 58,135,850 51,772,219
Preferred stock
convertible to
common stock --- --- --- 3,817,542
Dilutive warrants --- --- --- 977,504
Dilutive options 1,855,462 1,446,252 2,340,023 1,686,170
Total
diluted shares 60,675,857 58,389,683 60,475,874 58,253,435


The Company has scheduled a conference call on Tuesday, March 6, 2007 at 10:00 am CT. Interested parties may participate in the call by dialing 1-800-559-2403 or from international locations 1-847-619-6534. Confirmation code is 17212929.

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 of goods, services and capital, environmental risks, drilling risks, [weather and/or other acts of God 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 http://www.sec.gov , or which can be received by contacting VAALCO at 4600 Post Oak Place, Suite 309, Houston, Texas 77027, [phone].

SOURCE VAALCO Energy, Inc.

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 28.191.848 von sunbeamer am 08.03.07 20:36:10

Die Zahlen sind nicht so das Problem, sondern eher die sinkenden Ölreserven.

[sunbeamer]

Antwort auf Beitrag Nr.: 28.192.884 von benefactor am 08.03.07 21:26:45

Hi benefactor, siehe unten: es gab Analysten die 13 Cent per share net income erwartet hatten und es wurden nun eben nur 9. Wieso wird eigentlich immer das Unternehmen abgestraft und nicht der jeweilige Analyst, der vielleicht einfach nicht richtig rechnen oder prognostizieren kann? Eventuell sind diese Analysten einfach von falschen Annahmen, sprich, zu hohen Ölpreisen ausgegangen und haben falsch kalkuliert und falsch prognostiziert? Ich vermute, da die Analystenmeute gewohnt ist, dass sich die Earnings bei Vaalco immer verdoppeln, sollte es diesmal auch wieder so sein. Aber: das kann eben einfach nicht sein, wenn der Ölpreis nicht mitspielt und das Unternehmen eine gewisse Größe erreicht hat.

Hast du nähere Infos zu den Reserven und deren zukünftiger Entwicklung? Natürlich ist auch dies ein wichtiger Punkt.

Vaalco has a 'milestone year'
Houston Business Journal - 2:33 PM CST Monday, March 5, 2007

Vaalco Energy Inc. said Monday that its fourth-quarter net income was $5.3 million, or 9 cents per diluted share, on revenue of $15.9 million, compared with $5 million, or 9 cents per share, on revenue of $19 million, for the same period in 2005.

The Houston-based energy company said tax benefits from its investments in exploration and production activities impacted the positive quarterly results.

Analysts polled by Thomson Financial expected Vaalco (NYSE: EGY) to have net income of 13 cents per share for the quarter, ended Dec. 31.

For the year, net income was a record $40.3 million, or 67 cents per diluted share, on revenue of $98.3 million, up 38 percent compared with net income of $29.2 million, or 50 cents per share, on revenue of $85 million in 2005.

The company said the improved yearly results stemmed from higher energy prices. Vaalco sold about 1.6 million barrels of oil equivalent at an average price of $63.26 during 2006, compared with the same amount at an average price of $52.04 during 2005.

"2006 was a milestone year for Vaalco," said Robert Gerry III, chairman and CEO of Vaalco. "With strong commodity prices we achieved record revenues and earnings from our Etame Field, offshore Gabon. We started up the Avouma Field, located approximately 11 miles south of Etame, and our two horizontal wells are each flowing 3,000 barrels of oil per day with no trace of water. Total production to the Vaalco-operated consortium is now approximately 20,000 gross barrels of oil per day and we expect to maintain that rate for the balance of the year."

[Woodly2712]

nur noch zum kotzen

wie tief mag es noch gehen?

[lopinsky]

Antwort auf Beitrag Nr.: 28.278.357 von Woodly2712 am 13.03.07 19:46:53

na ja, wer weis es schon...
aber charttechnisch besteht (mal wieder) die Chance auf Kursstabilisierung.

Gruß
L.

[sunbeamer]

Mittlerweile haben wir ein P/E von 7. Viel tiefer kann´s ja eigentlich nicht mehr gehen. Heute steigt auch der Ölpreis etwas an.

[OpaQ]

Hatte man nicht vor knapp einem Jahr von einer Verdoppelung der Tagesproduktion wegen des dazukommenden Avouma-Feldes gesprochen? Ich lese nun von ca. 3000 barrel/Tag. Ich kann mich natürlich auch gewaltig irren, weil Vaalco für mich ein Neben-Schauplatz ist, aber so hab ich es noch in Erinnerung und das war auch letztlich damals der Grund gewesen, Ein paar k für Vaalco lockerzumachen. Bin eben nicht mehr auf der Höhe der Ereignisse.
Allen viel Glück...

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 28.472.288 von OpaQ am 24.03.07 11:37:01

Avouma sollte ca 10000 BOPD bringen und läuft im Moment mit 6000 BOPD, außerdem bringt ein älteres Ölfeld wie z.B. Etame von Jahr zu Jahr weniger BOPD zu Tage. Gesamtproduktion aktuell ca. 20000 BOPD.

Die Geschäfte bei Vaalco laufen alles in allem gut. Vaalco ist eben ist erster Linie noch ein kleiner Explorer, der durch seine bereits vohrhandene Produktion seine weiteren Explorationen ohne dilution finanzieren kann. Mann sollte eben etwas Zeit mitbringen und in schnell steigende Kurse auch mal ein paar Aktien verkaufen, was bei mir zwischen $8 und $10 der Fall war. In erster Linie wird ein Ölexploerer eben durch seine vorhandenen Ölreserven bewertet und nicht über sein KGV. Deslhalb sollte man auch immer mal auf die Market Cap. schauen. Die weiteren Explorationsaktivitäten von Vaalco sind allesamt sehr aussichtsreich, jedoch auch mit sehr viel Zeitaufwand verbunden. Man darf auch nicht vergessen, dass Explorer/Producer eher träge Zeitgenossen sind und alles andere als Aktien mit denen man die schnelle Mark macht. Da seid ihr in letzter Zeit viel zu viel durch den Kakao gezogen worden durch zwillichtige Börsenbriefe und der allgemeinen Rohstoff-Hausse.

[LeRenard]

Antwort auf Beitrag Nr.: 28.191.848 von sunbeamer am 08.03.07 20:36:10

Hi, ist hier noch jemand investiert ?
Hört sich doch alles in allem ganz OK an !

Oder habe ich den Haken hier übersehen ?

Danke und Gruß,

LeRenard

[elbe11]

Antwort auf Beitrag Nr.: 29.128.894 von LeRenard am 04.05.07 11:17:55

Hallo LeRenard,

ich bin seit 0505 investiert mit 25%-Performance seither. Die Ges. ist nach Einschätzung vieler Analysten gut geführt. Produktions- u Gewinnwachstum ist OK. Die Explorationstätigkeit - afrik. Küste und zukünftig Nordsee - ist erfolgreich. Was ich jedoch sehr kritisch verfolge: die vergleichsweise sehr geringen Reserven von 4,7Mio brl. Dabei bestimmt sich üblicherweise bei Explorern und Förderfirmen die Marktkapitalisierung nach der Menge der Reserven. Bei einer MK von 241 Mio Euro (Bei Kurs 4,- Euro) und ca 38 Mio Euro Cash scheinen die geringen Reserven und das gute Geschäftsmodell sehr ambitioniert bewertet zu sein. Meine derzeitige subjektive Einschätzung: halten.

Ich bin auf die Einschätzung anderer Interessierter gespannt.
Bild bald

[sunbeamer]

VAALCO Energy Announces First Quarter Conference Call

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2007-05-07 18:27:31 -

HOUSTON, May 7 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc., 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.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050215/VAALCOLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk [e-mail]

Source: VAALCO Energy, Inc.

[LeRenard]

Antwort auf Beitrag Nr.: 29.193.465 von elbe11 am 07.05.07 18:52:18

..Danke Dir für Deine Einschätzung !

Gruß,

LeRenard

[benefactor [KommA]]

VAALCO Energy Announces First Quarter 2007 Earnings of $4.6 Million as Exploration Activity Ramps Up
Wednesday May 9, 4:15 pm ET

HOUSTON, May 9 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (NYSE: EGY - News), (the "Company") announced that for the first quarter of 2007 earnings were $4.6 million or $0.08 per diluted share. The Company incurred $5.1 million of costs during the quarter to acquire 3-D seismic data in Angola and Gabon. As a company using the successful efforts accounting method, this amount was expensed in the quarter. First quarter 2007 earnings compared to net income of $11.0 million or $0.18 per diluted share for the comparable period in 2006. The Company sold 511,000 net barrels at an average price of $57.03 per barrel during the first quarter of 2007 compared to 512,000 net barrels at an average price of $60.93 per barrel in the first quarter of 2006.

Robert L. Gerry, III, Chairman and CEO stated, "The first quarter of 2007 began on a positive note with the startup of the Avouma and South Tchibala fields in January. These two fields are contributing approximately 6,500 BOPD to Etame Block production, lifting total block production to in excess of 20,000 barrels oil per day. As our cash flow remains strong, we are moving forward with the construction of the Ebouri platform and expect to bring that field on production in the second half of 2008.

We have begun exploration activities in earnest on our exploration blocks in Gabon (Etame -- offshore, Mutamba -- onshore) and offshore in Angola. During the quarter, we shot 400 square kilometers of new proprietary 3-D seismic data on the Etame Block to delineate several prospects and leads in anticipation of a 2008 drilling campaign. In Angola, we acquired a license to 1,000 square kilometers of 3-D seismic in the fairway of Block 5. Processing and interpretation of the seismic is underway. The $5.1 million expensed to acquire these data is an investment in our future efforts to build reserves through the drill bit."

http://biz.yahoo.com/prnews/070509/daw031.html

[sunbeamer]

Hm, wahrscheinlich interessiert es keinen mehr ausser mir, aber ich stell´s trotzdem mal rein:

VAALCO Energy to Announce Earnings and Second Quarter Conference Call August 10, 2007
PR Newswire
August 08, 2007: 11:21 AM EST

HOUSTON, Aug. 8 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. announced today it will host an investor conference call on Friday, August 10, 2007 at 10:00 a.m., Central time, to review its financial results for the second quarter 2007 and to discuss current operations and describe the outlook for the Company. The Company will release its second quarter 2007 financial results Friday morning before the conference call.

To join the conference call on Friday, August 10 at 10:00 a.m. (Central), participants should dial 1-866-868-1109 international callers should dial 1-847-413-2404 ten minutes before the scheduled start of the call and enter pass code 18714576. A replay will be available beginning one hour after the end of the conference call until September 9, 2007 by dialing 1-877-213-9653 (international 1-630-652-3041) and entering pass code 18714576.

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, 2006 and other reports filed with the SEC which can be reviewed at http://www.sec.gov, or which can be received by contacting VAALCO at 4600 Post Oak Place, Suite 309, Houston, Texas 77027, [phone].
Top of page

[Woodly2712]

Du bist nicht alleine mein Freund. Hab es gestern auch auf der Website von Vaalco entdeckt.

Bin gespannt was es neues gibt. Es wäre an der Zeit, daß sich der Ölpreis in den Ergebnissen positiv bemerkbar macht. Soweit ich mich erinnern kann verkauft Vaalco immer etwa 10 USD/barrel unter Marktpreis an Abnehmer wie Shell und so.

Wichtig wird aber vor allem die Förderrate sein.

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 31.094.131 von Woodly2712 am 09.08.07 13:16:17

Die Fördermenge des Etame Feldes wird in nächster Zeit immer etwas abnehmen, das ist aber bei allen Ölfeldern ab einem gewissen Alter der Fall. Der Cashflow von Vaalco ist immer noch hervorragend, und wird die weiteren Explorationen weiterhin finanzieren können. Richtig interessant wird es jedoch erst wieder werden, wenn es an die Onshore Exploration in Gabun geht und ein Drilling Programm für die Offshore Felder in Angola angesetzt wird. Bis jetzt liegt Vaalco im Dornröschenschlaf und wird dort wahrscheinlich auch noch eine Zeit lang verweilen.

Alles in allem ein guter kleiner und hochprofitabler Explorer, der zu gegenbener Zeit auch wieder anspringen wird.

P.S.: Der Ölpreis macht sich im Kurs nicht richtig bemerkbar, da die Reserven von Vaalco bis jetzt einfach noch zu gering sind. Vaalco ist in erster Linie noch ein Explorer und nur bedingt Producer.

[warrenebuffett]

Antwort auf Beitrag Nr.: 31.094.131 von Woodly2712 am 09.08.07 13:16:17

Hallo, auch wir (Ich und mein Sohn) sind noch einige der Unentwegten.
Ich glaube, mal gelesen zu haben, dass Vaalco 4 Dollar unter dem Brent-Preis verkauft und der ist ja momentan auch nicht gerade niedrig. Ich denke das ist für den Aktienkurs auch wichtig da es ja Geld (Cashflow) in die Kassen bringt
Morgen 16 Uhr kommen ja Zahlen fürs 2. Quartal
Hoffen wir das Beste, es kann da ganz schnell zu einer Gegenbewegung kommen (evtl. Short-Squezze) und dann sollte man, wie Warren Buffett sagt mit der grossen Elefantenbüchse bereit stehen.
Grüsse

[benefactor [KommA]]

VAALCO Acquires Interest in UK North Sea Exploration Prospect
Thursday August 9, 3:06 pm ET

HOUSTON, Aug. 9 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (NYSE: EGY - News) announces its subsidiary, VAALCO UK (North Sea) Limited, has executed an agreement whereby it will acquire through farm-in from Bow Valley Petroleum (UK) Limited a 25% working interest in the UK Offshore License P1285, Block 9/28b. The Block is located in the prolific South Viking Graben Area of the UK North Sea.

Under the terms of the agreement, VAALCO has agreed to contribute to the costs and expenses to drill and test an exploratory well to a depth of 13,000' to evaluate the Upper Jurassic Brae Sands, thereby earning a 25% working interest in the license. Bow Valley, the Operator, intends to commence drilling as soon as possible, which may be as early as fourth quarter 2007, if a suitable rig is available. The agreement is subject to final approval by the UK Department for Business, Enterprise and Regulatory Reform.

Mr. Robert L. Gerry, Chairman and Chief Executive Officer, stated "We started evaluating UK North Sea projects last year, and are very pleased to make our first deal on this outstanding opportunity. We continue to evaluate other North Sea projects in order to build this into a core area for VAALCO."

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 31.102.738 von warrenebuffett am 09.08.07 20:46:27

Das 10-Q ist da. Was mir negativ aufällt sind vor allem die hohen income taxes. Aber da die depreciation, depletion and amortization costs deutlich anstiegen sehen sie optisch noch höher aus als sie es sind. Ausserdem werden in nächster Zeit wohl die exploration Tätigkeiten die Ergebnisse negativ beeinflussen.

[benefactor [KommA]]

Wie ich sehe ist vor ein paar Minuten das offizielle Statement veröffentlicht worden.

VAALCO Energy Announces 2nd Quarter 2007 Results
Friday August 10, 9:00 am ET

HOUSTON, Aug. 10 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (NYSE: EGY - News), today announced that its net earnings for the second quarter, ended June 30, 2007, were $3.7 million or $0.06 per diluted share, compared to $10.5 million or $0.17 per diluted share for the same period in 2006. Second-quarter revenues were $24.1 million in 2007 and $25.6 million in 2006.

"VAALCO's second quarter results are lower than a year ago, but consistent with our strategy of maximizing cash flow while preparing for the next phase of exploration in our West Africa properties," Robert L. Gerry, III, Chairman and CEO stated. "Operating cash flow remains ahead of year-ago levels, and our bank balances remain strong. Our earnings were primarily affected by non-cash items, including higher depreciation rates at Avouma and higher tax rates in Gabon this year."

VAALCO sold 351,000 net barrels of crude oil equivalent at an average price of $68.77 per barrel during the second quarter of 2007, compared to 374,000 barrels of crude oil equivalent and an average price of $68.42 per barrel in the second quarter of 2006.

Gerry said that VAALCO's new Avouma/South Tchibala development is producing water-free at approximately 7,000 barrels oil per day. The balance of the VAALCO's current production is coming from its Etame field nearby. VAALCO's June lifting from its Etame properties totaled nearly 680,000 barrels, its largest since March 2006.

Within the same Etame permit area offshore Gabon, development of the Ebouri field continues, with production likely to begin in 2008. Seismic processing of a new 400-square-kilometer 3D survey area south of Etame is nearly complete.

Onshore Gabon, VAALCO is conducting an aeromagnetic survey over its Mutamba block to firm up prospects for drilling in 2008. In Angola, VAALCO continues to develop exploration prospects for drilling in 2008 and 2009. VAALCO opened a new field office in Luanda in August.

For the first half of 2007, the Company earned $8.3 million, or $0.14 per diluted share, compared to $21.5 million or $0.36 per diluted share in the first half of 2006.

Crude oil sales for the first half of 2007 were 861,000 barrels of oil equivalent at an average price of $61.81 per barrel compared to 886,000 barrels of oil equivalent at an average $64.15 per barrel of oil equivalent for the first half of 2006.

Net cash provided by operations was $26.5 million in the six months ended June 30, 2007 compared to $26.3 million in the six months ended June 30, 2006.

[Steigerwälder]

Nicht mal der Rekord-Ölpreis bringt etwas Bewegung in die Aktie.

Dabei sollten doch alleine die Produktionssteigereungenn für Gewinnzuwächse sorgen.

[DrBlckburne123]

Antwort auf Beitrag Nr.: 32.229.034 von Steigerwälder am 01.11.07 11:05:10

Hallo Steigerwälder ,

Bin mit von der Partie bei Vaalco und sage dir : Immer mit der Ruhe !

Der Explorermarkt ist in den letzten 1,5 Jahren extrem unter die Räder gekommen,die meisten der Werte haben sich im Kurs gezehntelt !

Da sind wir mit Vaalco eigendlich,bzw.vergleichsweise glimpflich "davongekommen"!

Lasst uns doch die Zeit,die noch vergehen wird,bis Vaalco bei exact 100€ stehen wird (kein Witz!) sinvoll und mit Musse bei einer gepflegten Fernpartie Schach begehen,ich fange einfach mal an:

1.e4

Chalifmann

[Steigerwälder]

Servus Blackburne,


kennen wir uns aus einem frühren Leben?
Das mit der Ruhe ist schön gesagt. Ich hab das Ding seit über 2 Jahren. Und für dieses Jahr sollte der Gewinn p. Aktie bei 1-2$ liegen. Das wurde nicht eingehalten und der Kursverlauf ähnelt einem Graswurzel-Explorer.
Zum Schach: ein paar Partien Blitz wären mir lieber schach.de- "edged_mallet"

[DrBlckburne123]

Antwort auf Beitrag Nr.: 32.233.755 von Steigerwälder am 01.11.07 15:22:08

Hi, Steigi !

Bin auch seit fast 2 Jahren dabei,daher weiss ich auch ,dass du dich selber "begnadeter Schachspieler" und Extremsportler,Unternehmer etc. nennst !

Meine einzige Position neben Vaalco ist übrigens Morgan Creek Energy,kennst du die ?

Übrigens ist die Anzahl der Vaalco-Aktien von 80.Mio Stücklein auf 59.Mio vor kurzem gefallen,sehr gut finde ich das,um so wertvoller ist jede einzelne Aktie !

Auf Schach.de können wir uns leider nicht treffen,da ich hier im Moment nur I-Net-Cafe machen kann,daher appeliere ich nochmals an deinen sportlichen Ehrgeiz,hier vielleicht mal einen scharfen Sizilianer oder was immer du willst gegen DrBlackburne zu versuchen !

P.S. Sehe den Kurs von Vaalco bis Ende 2008 wieder bei über 10 Dollar und sehen wir weiter,wie es mit der Africa-Expoloration vorwärtsgeht,viel Erfolg !

MFG

Blackburne

[sunbeamer]

Antwort auf Beitrag Nr.: 32.233.755 von Steigerwälder am 01.11.07 15:22:08

Wer die Aktie seit ca. zwei Jahren hat (wie ich auch übrigens), konnte so schön damit Geld verdienen. Man muß halt auch mal Gewinne realisieren.

[Steigerwälder]

Antwort auf Beitrag Nr.: 32.240.982 von DrBlckburne123 am 01.11.07 20:13:35

Servus Blackburne,


Morgan Creek Energy kenn ich net, werds mir aber mal ansehen.
Zum Schach : bin weder Schwarz- noch Sizilianisch - Experte aber ich fiedel halt ma "c5". Falls Sf3, so kannst bei mir mal "e6" einbuchen.
Den Rest vielleicht über Boardmail- sonst wird hier der Thread aweng unübersichtlich.

[DrBlckburne123]

Antwort auf Beitrag Nr.: 32.264.609 von Steigerwälder am 03.11.07 12:13:15

Hallo Steigi !

Habe gerade bei Yahoo festgestellt,dass die Cashreserven von VAALCO glatt von 50 auf 72 Mio.US-$ angestiegen sind !

Morgan Creek hat in Quachita prospect gerade fett Gas gefunden,von höchster Qualität sogar,der Kurs hat noch nicht reagiert,aber die Marktkapitalisierung beträgt "nur" 11 Mio-€,

Einziger Nachteil: Morgan Creek (MCRE.OB)ist noch (!) eine OTCBB-Company,aber das war Vaalco ja auch mal,als sie 2002 noch im Cent Bereich notierte,gell ! Da hätte man einsteigen sollen !

Ich bin übrigens "WO-Schachmeister 2004" gewesen, und habe bei ARIVA.DE einen Fernschachthread am laufen,vielleicht schaust du mal rein,dann können wir auch da spielen,wenn du willst !

Zur Partie:

Ich werde selbstverständlich nicht 2.Sf3 spielen,allein schon deshalb,um dich aus deiner möglichen Variantenkenntnis herauszuhebeln,stattdessen werde ich dich mit dem "Morra-Gambit" konfrontieren,damit habe ich auch in Turnierpartien gute bis sehr gute Erfahrungen gemacht ...

2.d4

Viel Spass !

MFG

Chalifmann

[DrBlckburne123]

Antwort auf Beitrag Nr.: 31.097.032 von benefactor am 09.08.07 15:56:23

Hallo benefactor,

Was meinst du,warum Vaalco in 2007 so stark im Kurs abgegeben hat ?

Bei Yahoo habe ich folgendes zu den Reserven von Vaalco gefunden:

"As of December 31, 2006, it had total proved reserves of 5,991 mbbls of crude oil and 17 mmcf of natural gas."

Sind es also wirklich nur 6 Mio.Barrel,oder was bedeutet die Ei nheit "mbbls" ?

Bei 6 Mio. Barrel kann man sich ja fast schon ausrechnen,an welchem Datum das letzte Barrel gefördert sein wird .. !

Vielleicht ist deshalb der Kurs gefallen,was meinst du ...??

MFG

Chalifmann

[Woodly2712]

3rd Quarter 2007 Earnings Conference Call



VAALCO Energy, Inc. will hold an investor conference call Monday November 12, 2007 at 10:00 a.m. Central Time. Interested parties may participate by dialing 1 [phone]. International parties may dial 1 [phone]. Please be prepared to provide the following information to gain access to the conference call:

Confirmation Number: 19634080
Host Name: Russell Scheirman
Company: VAALCO Energy, Inc.

[Woodly2712]

VAALCO Energy, Inc. Announces New FPSO Contract



HOUSTON , TEXAS – October 17, 2007 - VAALCO Energy, Inc. [NYSE: EGY] (the “Company”) today announced that it had entered into an agreement with Tinworth Pte. Ltd. regarding the FPSO “Petroleo Nautipa”. The FPSO operates within the Etame Marin concession offshore Gabon. The new agreement allows the consortium to increase oil production beyond the current contractual capacity of the FPSO while also extending the contract an additional four years to 2015.

Robert L. Gerry, III, Chairman and CEO of VAALCO Energy, Inc., said “It’s a win-win agreement for both parties. The consortium will pay for certain upgrades to the FPSO’s water treatment capacity to allow us to gradually increase production primarily from the Avouma / S. Tchibala Fields. While complete installation of the upgrade will not be finished until late 2008 we will begin increasing production in the near term.”

[benefactor [KommA]]

Antwort auf Beitrag Nr.: 32.273.859 von DrBlckburne123 am 04.11.07 12:19:59

Die Reserven sind noch zu gering um eine richtig hohe Marktkapitalisierung zu rechtfertigen. Des Weiteren fehlt etwas die Phantasie, da die anderen Projekte (Ebouri Field, Mutamba Iroru, offshore Angola und offshore UK) noch nicht weit vorangeschritten sind. Die Angaben zu den Reserven stimmen ungefähr, jedoch beziehen sich die Angaben bis jetzt nur auf ~28% des Etame Marin Blocks (mit bestehender Produktion).