Aligning with forecasts, VAALCO Energy (NYSE:EGY) reports a record year in 2024 with sales volumes landing between 24,101 and 24,600 WI BOEPD and 19,400 to 19,800 NRI BOEPD. While NRI sales span 19,101 to 19,500 BOEPD, Q4 sales vary from 23,600 to 24,000 WI BOEPD.
With full-year WI volumes between 24,550 and 25,050 BOEPD and NRI output above mid-range expectations at 19,800 to 20,200 BOEPD, production levels also remain robust. Production keeps even higher in Q4, reaching 25,101 to 25,600 WI BOEPD and 20,600 to 21,000 NRI BOEPD.
Pointing to significant initiatives meant to accelerate long-term organic development, CEO George Maxwell sees forward to 2025 with confidence. Through its quarterly dividend schedule, he emphasizes a concentration on maximizing value, boosting operating cash flow, and maintaining shareholder returns.
VAALCO aims another year of growth and great performance as momentum builds.
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