Vaalco Energy (EGY): the big run today validates my estimate...

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Vaalco Energy (EGY)

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Re: spec machine post# 147

Wednesday, 02/15/2012 4:32:37 PM

Wednesday, February 15, 2012 4:32:37 PM

the big run today validates my estimate of value on the Angola lease

they still don't have the working partner deal set and they have flatly said they do not want to drill two exploration wells by themselves to prove up the reserve

it did squeeze the shorts a bit

I hope it goes much higher and I think it will but I'm on the waiting for a re-entry stance after my sales today

Their Gabon production is pulling some good numbers at strong Brent pricing except for one slow month

spec

- Foglifter -

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