Replies to post #484 on Vaalco Energy (EGY)

[farml1234]

Hey spec machine

Maybe you should do some DD

TGA has 2 x the cash in the bank than EGY JMHO

TGA production over 13,000BOE now JMHO

EGY production with that big gusher duster about 9500 if you can believe it . JMHO

Egypt is low cost production
EGY is high cost production

now witch do smart people pefere to have ?

jmho

[littlejohn]

Germany Restarts Oil-Fired Power Plants...

https://oilprice.com/Latest-Energy-News/World-News/Germany-Restarts-Oil-Fired-Power-Plants-As-It-Seeks-To-Save-Gas.html

EGY needs to keep concentrating on

serving the oil consumer needs...

Wednesday appeared to be shennanigans

to bring down share prices so that

someone can buy them cheap...Maybe

needing more shares of both companies

to get a merger deal passed...

We don't need to wait on a deal and

a grand plan about TGA crews helping

drill better to improve the well that

was reviewed in Wednesday info...

Seen a lot of crap moves like this

in many penny stocks over years...

TGA price wouldn't have dropped,

since they are a good company,

on EGY news, unless more, cheaper

shares were needed...

Hopefully they have bot up enough

shares by reporting day and will

let EGY move up to $10 to $12 per

share range like it could be...


So we watch...LJ

[littlejohn]

Oops, put estimate of $90 to $95 million

revenue for 2nd quarter for EGY

on the wrong board...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169592568

Was a mistake by me...


Maybe it will cheer up the other

team members some...

So we watch...LJ

[littlejohn]

If EGY made 50% net profit like REI

did in the 2nd quarter, then your

estimate of about .80 EPS would

seem more plausible...

https://www.otcmarkets.com/filing/html?id=15993570&guid=xjk-keSyii9mB3h


These folks may be too distracted

to be hitting on all cylinders like

REI did though...

REI implemented a strategy using

Puts in 2nd quarter on some production

to set up base cash flow ahead of

their new acquisition that is now

expected to be in closing stages...


Will EGY or TGA reveal any new

strategies in reports to enhance

their merger plans?...

TGA does pay that Egypt Man very

strong on production,,,might have been

alcohol involved when they signed on

to those very high terms...


So we watch...LJ

[littlejohn]

EGY will probably focus on Canada in 2023

Capex after the TGA merger

does get completed...

EGY is limited in how much of

their cash flow that they can spend

at any time in Gabon holdings...

Then EGY would only have to meet

minimum spending of about $10 million

per year in Egypt Capex...

And EGY in 2023 will have the expenses

of the new FSO changes behind and

see more savings from them also...


Leaning more toward mid ground of

average between our estimates on

possible 2nd quarter EPS...

Would rather guess low and be pleasantly

surprised than the alternative...

Also expecting better oil price next

week when EGY is reporting, which right

now seems to be share price driver...


So we watch...LJ

[littlejohn]

EGY shows a little higher NRI Production

than TGA in new Investor Presentation

on the proposed merger...

Helps explain deal structuring...

https://d1io3yog0oux5.cloudfront.net/_00dd42fb0afeedaf72504c0c5d11e02d/vaalco/db/776/7715/pdf/VAALCO+Updated+and+Supplemental+Info+Regarding+Combination+of+VAALCO+and+TransGlobe+FINAL+8-8-22.pdf

It Is what you keep out of what

you make that you keep score on

for future growth...

Spec, they want to buy back your

shares to...

https://finance.yahoo.com/news/vaalco-announces-board-approved-share-060000613.html

How low do we go now?...We already

discovered true TGA NRI prospects...


So we watch...LJ