VAALCO (EGY) Gets the Green Light for Block-P Development

Zacks03-27

VAALCO Energy Inc. EGY and its partners have signed the final documents for the Joint Operating Agreement related to the Venus Block-P plan of development (“POD”), after receiving the Government of ...

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EGY and its partners have signed the final documents for the Joint Operating Agreement related to the Venus Block-P plan of development (“POD”), after receiving the Government of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vaalco-egy-gets-green-light-155600636.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VAALCO (EGY) Gets the Green Light for Block-P Development</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVAALCO (EGY) Gets the Green Light for Block-P Development\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-27 23:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vaalco-egy-gets-green-light-155600636.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>VAALCO Energy Inc. EGY and its partners have signed the final documents for the Joint Operating Agreement related to the Venus Block-P plan of development (“POD”), after receiving the Government of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vaalco-egy-gets-green-light-155600636.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/vaalco-egy-gets-green-light-155600636.html","article_id":"2422945488","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/65t_QIsU0.XvnpiX1tfopA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1ce3d05b093380241b1060b567fa2bb7"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422945488","pubTimestamp":1711554960,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"VAALCO Energy Inc. EGY and its partners have signed the final documents for the Joint Operating Agreement related to the Venus Block-P plan of development , after receiving the Government of Equatorial Guinea’s approval. VAALCO is serving as the operator of the block with a 60% interest. The other partners in the project are state-owned GEPetrol and Atlas Petroleum International Ltd.The Block P Production Sharing Contract outlines a 25-year development and production period from the date when the POD was approved. The POD was approved in 2022. The company will move to develop, operate and produce from the discovery, offshore Equatorial Guinea, in the next few years.VAALCO will move forward with the Front-End Engineering Design study, which, upon completion, will lead to an economic Final Investment Decision . The FID will facilitate the development of the Venus POD.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4503":"景林资产持仓","ET":"Energy Transfer LP","BK4581":"高盛持仓","BK4554":"元宇宙及AR概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4551":"寇图资本持仓","BK4179":"石油天然气设备与服务","SQ":"Block","BK4561":"索罗斯持仓","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4227":"交易和支付处理服务","BK4528":"SaaS概念","BK4213":"石油与天然气的勘探与生产","HP":"赫尔默里奇和佩恩材料","BK4585":"ETF&股票定投概念","BK4144":"石油与天然气的储存和运输","AROC":"Archrock, Inc","BK4092":"石油与天然气钻井","BK4106":"数据处理与外包服务","BK4590":"PTP","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","EGY":"瓦可能源"},"translate_title":"VAALCO(EGY)为Block-P开发项目开绿灯","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SQ":1,"HP":1,"ET":1,"EGY":1,"AROC":0.9},"content_text":"VAALCO Energy Inc. EGY and its partners have signed the final documents for the Joint Operating Agreement related to the Venus Block-P plan of development (“POD”), after receiving the Government of Equatorial Guinea’s approval. VAALCO is serving as the operator of the block with a 60% interest. The other partners in the project are state-owned GEPetrol and Atlas Petroleum International Ltd.\nThe Block P Production Sharing Contract outlines a 25-year development and production period from the date when the POD was approved. The POD was approved in 2022. The company will move to develop, operate and produce from the discovery, offshore Equatorial Guinea, in the next few years.\nVAALCO will move forward with the Front-End Engineering Design study, which, upon completion, will lead to an economic Final Investment Decision (“FID”). The FID will facilitate the development of the Venus POD.\nVAALCO Energy highlighted that its portfolio diversification efforts over the past two years have enhanced its capability to generate operational cash flows, while also growing its cash position and enabling it to remain free from bank debt. The company mentions that the Block P development will further enhance its robust portfolio by adding another valuable and strong producing asset to it.\nThe company plans to provide additional information about the development in its first quarter earnings release, which is scheduled in early May.\nZacks Rank and Key Picks\nEGY currently holds a Zacks Rank #4 (Sell).\nSome better-ranked stocks in the energy sector are Archrock Inc. AROC, Energy Transfer LP ET and Helmerich & Payne HP. Archrock presently sports a Zacks Rank #1 (Strong Buy), while Energy Transfer and Helmerich & Payne carry a Zacks Rank #2 (Buy), each. You can see the complete list of today’s Zacks Rank #1 stocks here.\nArchrock is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.\nEnergy Transfer is a midstream player that owns and operates one of the most diversified portfolios of energy assets in the United States. Boasting a pipeline network extending more than 125,000 miles, its network spans more than 44 states. With a presence in all the major U.S. production basins, the company’s outlook seems positive.\nHelmerich & Payne is primarily involved in the contract drilling of oil and natural gas, with operations in all major U.S. onshore basins, as well as in South America, Australia and the Middle East. In the past months, the company has secured eight new rig contracts with Saudi Aramco, thus expanding its presence in the Middle East. With plans to capitalize on unconventional drilling growth opportunities, the company’s outlook seems positive.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nHelmerich & Payne, Inc. (HP) : Free Stock Analysis Report\nVaalco Energy Inc (EGY) : Free Stock Analysis Report\nEnergy Transfer LP (ET) : Free Stock Analysis Report\nArchrock, Inc. (AROC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422945488"}