Replies to post #517 on Vaalco Energy (EGY)

[littlejohn]

projected 10,500 to 11,500 BOPD NRI for 2022

year end production rate at exit

is an interesting tidbit...


Following the completion of the FPSO to FSO changeover and full field turnaround, as well as expected success from the new wells, the Company expects the 2022 exit rate for December to be between 10,500 and 11,500 net BOPD


from today's pr link...

https://finance.yahoo.com/news/vaalco-energy-inc-announces-second-204500014.html


so we watch...LJ

[littlejohn]

Dude, my .25 EPS estimate didn't use PI

to figure a big tax increase

for the quarter...

Hopefully they used PI and some

of that circles back to the company

in year end accounting...

My estimate only used the barrels

reported sold and adjusted for hedging

and figured avearge of 18% net profit

that EGY tends to operate at...

They should break down that total

20.5% royalty and production sharing

rate to Gabon on the Etame PSC

proceeds seperate from the other

taxes to make it easier to follow...

13 + 7.5 =20.5%

At least all those lifting sales are

accounted for in 2nd quarter...

And the $70 million accounts recievable

from liftings is due to be paid out

so TGA folks won't need to count

on seeing it in pro forma info...

It takes money to spend money...

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000894627/000143774922019814/egy20220630_10q.htm


So we watch...LJ