VAALCO Announces First Quarter 2017 Earnings Release and Conference Call
May 01 2017 - 4:45PM
VAALCO Energy, Inc. (NYSE:EGY) today announced that it will issue
its first quarter 2017 earnings release on Monday, May 8 after the
close of trading and host a conference call to discuss first
quarter financial and operational results on Tuesday morning, May 9
at 8:00 a.m. Central Time (9:00 a.m. Eastern Time.)
Interested parties may participate by dialing
(844) 841-1668. International parties may dial (661)
378-9859. The confirmation code is 16558969. This call
will also be webcast on VAALCO’s website at
www.vaalco.com.
An audio replay will be available beginning
approximately two hours after the end of the call and be available
through May 16, 2017 by dialing (855) 859-2056. International
parties may dial (404) 537-3406. The confirmation code is
16558969.
Appointment of New Chief Financial
Officer
As previously announced, on April 17, 2017, Phil
Patman was named as VAALCO’s Chief Financial Officer. As an
inducement to his employment, Mr. Patman received a sign-on award
of 105,794 shares of restricted common stock, which will vest in
three equal installments on the first three anniversaries of the
date of grant, and 186,706 time-vested stock options, which will
also vest in three equal installments on the first three
anniversaries of the date of grant and will expire on the fifth
anniversary of the date of grant, each subject to his continued
employment with the Company. The exercise price of the options is
the closing price of the Company’s stock on the date of grant. The
described terms, and other terms and conditions are generally
consistent with those in the Company’s 2014 Long-Term Incentive
Plan. The award package was approved by the Company’s Compensation
Committee of the Board Directors in reliance on the employment
inducement exception to shareholder approval provided under New
York Stock Exchange Listing Rule 303A.08 which requires public
announcement of inducement awards.
About VAALCO
VAALCO Energy, Inc. is a Houston, Texas based
independent energy company principally engaged in the acquisition,
development and production of crude oil. VAALCO’s strategy is to
increase reserves and production through the development and
exploitation of international oil and natural gas properties.
The Company's properties and acreage are located primarily in Gabon
and Equatorial Guinea in West Africa.
Investor Contacts
Phil Patman
713-623-0801
Vaalco Energy (NYSE:EGY)
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