Vaalco Energy (EGY)

[spec machine]

EGY $2.43 - this should be a very good quarterly revenue number with 1.775 MBBL (gross) and the acquisition (late Feb) of the Sasol working interest (~28%) in the Gabon operations

a couple other factors in play for the Q1 report

A big cash payment for the acquisition, $30M

Q1 of 2020 had $30M impairment of proved reserves and EPS (.91) so it'll be a good yoy comp

Also in the narrative will be the new FSO contract replacing the FPSO, all production on the platform now and just storage and offloading on the contracted vessel, should have some cost cutting and possibly additional production capacity for later

I continue to have a sizeable holding on this one, just hope they execute on their plans successfully

If so, big growth is coming with the improved pricing and their additional net share in Gabon

News on the Equatorial Guinea program (43% working interest in an undeveloped block) would be a nice boost

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