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EGY: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."

About VAALCO Energy, Inc.

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's strategy is to increase reserves and production through a program that balances lower risk acquisitions and exploratory drilling on our domestic acreage with high potential international prospects. The Company's properties and exploration activities are located offshore and onshore Gabon, West Africa, offshore Angola, West Africa, and in the Texas Gulf Coast region. For more information on VAALCO Energy, Inc., please visit www.vaalco.com.

About VDM Specialists, LLC

As one of the largest specialist firms on the NYSE, VDM Specialists represents over 400 leading issues including Pfizer, Hewlett-Packard, The Walt Disney Co. and Apache Corp. VDM Specialists is part of publicly traded Van der Moolen Holdings NV (NYSE: VDM - News). For more information about VDM Specialists, please visit www.vdm-usa.com.




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Source: VDM Specialists, LLC

http://biz.yahoo.com/prnews/061013/nyf019.html?.v=64