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Re: spec machine post# 5063

Tuesday, 06/22/2021 10:48:14 AM

Tuesday, June 22, 2021 10:48:14 AM

Post# of 7904
I checked LinkedIn, there are several Ron Bain's located in Houston.

From what I can tell, the Ron Bain that was at GSPE is an older guy that is retired (per his profile)... Also common denominator two of the three profiles are following University of Texas or UT for short.

I've owned Vaalco for several years, one of the things that Vaalco could do is borrow against existing operations to fund new projects. They have largely avoided this in the past, but there is a new CEO George Maxwell replacing Gary Guidry earlier this year. I think Vaalco could easily invest in the Gulf of Mexico, but that certainly doesn't seem to be their strategic direction, they have made it known that they are focused on West Africa, near their flagship field off the shore of Gabon.

What do you think Vaalco would be interested in? Buy out of Delek's interest in Tau? Joint investment in Canoe? Buy out of GSPE?