| VAALCO ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER | |
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HOUSTON - MAY 12, 2016 - VAALCO Energy, Inc. (NYSE: EGY) today announced that Don McCormack, the Company's Chief Financial Officer, has resigned effective June 2, 2016 to spend more time with his family and pursue other opportunities. Mr. McCormack's departure was not related to any issues regarding financial disclosures, accounting or legal matters.
Steve Guidry, the Company's Chief Executive Officer, commented: 'We appreciate Don's contributions to VAALCO. We thank him for his service and dedication and wish him all the best in his future endeavors.'
The Company's Chief Accounting Officer and Controller, as well as its Vice President of Strategic Planning, Marketing and Treasurer will report to the Chief Executive Officer while the Company conducts a search for a new Chief Financial Officer. VAALCO has engaged Russell Reynolds Associates to assist in the search process.
About VAALCO
VAALCO Energy, Inc. is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. The Company's properties and exploration acreage are located primarily in Gabon, Equatorial Guinea and Angola in West Africa.
For further information: Investor Contacts Al Petrie Investor Relations Coordinator 713-543-3422
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Vaalco Energy Inc.
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CODE : EGY |
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ISIN : US91851C2017 |
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Vaalco Energy is a and oil producing company based in United states of america. Vaalco Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 312.0 millions as of today (€ 293.9 millions). Its stock quote reached its highest recent level on March 30, 2012 at US$ 9.85, and its lowest recent point on December 29, 2017 at US$ 0.68. Vaalco Energy has 58 862 876 shares outstanding. |