Vaalco Energy (EGY): EGY could have a stellar 3rd quarter......

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Re: spec machine post# 347

Friday, 07/16/2021 1:53:15 PM

Friday, July 16, 2021 1:53:15 PM

EGY could have a stellar 3rd quarter...

about 30% of production earns market

premiums of high oil prices...

2nd quarter revenue could be

comparable with 1st quarter...

Expecting the higher production

in 2nd quarter due to higher

OPEC+ quotas to help offset the

extra lifting that boosted the

1st quarter revenue some...

Real EPS should still be good

in 2nd and 3rd quarter as most

planned spending may not start

until 4th quarter...

EGY didn't spend over $30 million

on seismic drilling data in 2020

to aim at bad well sites...

And the old Devon energy stats

on probable reserves near EGY

pursuits shouldn't just pick up

and move...

So we watch...LJ

Gee Beav, rithmatic isn't usually this hard to read!

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