[NYSE:EGY] VAALCO ENERGY, INC. > 5.41
VAALCO Energy, Inc. operates as an independent energy company. The company, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas. It owns interests in Etame Marin block containing five discoveries, including the Etame, Avouma, and South Tchibala fields that are on production, as well as the Ebouri discovery and the North Tchibala discovery in the Republic of Gabon, west Africa. VAALCO Energy also has a 100% working interest in the Mutamba Iroru block onshore Gabon. In addition, the company holds interests in Block 5 offshore Angola, Africa; four producing wells in Brazos County, Texas producing from the Buda/Georgetown formations; and certain non-operated interests in Ship Shoal areas of the Gulf of Mexico. As of December 31, 2006, it had total proved reserves of 5,991 mbbls of crude oil and 17 mmcf of natural gas. VAALCO Energy was founded in 1984 and is headquartered in Houston, Texas.
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