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Balance Sheet Cash Flow Statement 4600 Post Oak Place, Ste. 309 Houston, TX 77027 TX Tel. 713-623-0801 Fax 713-623-0982 |
Type: Public
On the web:
http://www.vaalco.com/
Employees:
75
Employee growth: 114.3%
VAALCO Energy has boldly gone where bigger players are sure to follow. The small independent is engaged in the acquisition, exploration, development, and production of oil and gas. VAALCO Energy holds exploration assets in Angola and Gabon, and has interests in the Texas Gulf Coast and offshore Louisiana. In 2008 the company reported proved reserves of 7.4 million barrels of oil and 30 million cu. ft. of gas. VAALCO Energy's near-term production strategy is to focus on developing its reserves in Gabon through the exploitation of the Etame Marin block (the Etame, Avouma, South Tchibala, and Ebouri fields).
Key numbers for fiscal year ending December, 2008:
Sales: $169.5M
One year growth: 35.6%
Net income: $29.7M
Income growth: 56.0%
Officers:
Chairman and CEO: Robert L. Gerry III
President, COO, and Director: W. Russell Scheirman
CFO: Gregory R. (Greg) Hullinger
Competitors:
Harvest Natural Resources
Hess Corporation
Pioneer Natural Resources
