Vaalco Energy (EGY): Pending FSO deal closing may occur in...

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Re: spec machine post# 358

Friday, 08/13/2021 1:04:47 PM

Friday, August 13, 2021 1:04:47 PM

Pending FSO deal closing may occur in

3rd quarter due to the short

term negative sentiment now...

https://www.vaalco.com/investors/news-events/press-releases/detail/301/vaalco-announces-letter-of-intent-for-fso-at-etame

EGY wouldn't spend almost $5 million

each on 2 well work overs and replacing

their ESPs in 3rd quarter if future

production didn't justify it...

55% increase in quarterly oil production

was more dramatic than quarter to quarter

revenue change due to the 1st quarter

getting extra sales on a lifting from

4th quarter, 2020 production...

2 day supply of gasoline at pumps

takes a lot of effort from companies

to keep supply flow stable...

So we watch...LJ

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

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