Vaalco Energy (EGY) Misses Q4 EPS by 9c
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VAALCO Energy Announces Fourth Quarter And Full-Year 2014 Results
March 16, 2015 5:18 PM EDTHOUSTON, March 16, 2015 /PRNewswire/ --Â VAALCO Energy, Inc. (NYSE: EGY) today reported results for the fourth quarter and full-year 2014.
For the 2014 fourth quarter, VAALCO reported Adjusted Net Income of $9 thousand, or $0.00 per diluted share. Adjusted Net Income excludes a $98.3 million non-cash impairment charge related to significantly lower projected oil prices used in the impairment valuation for the Etame, Ebouri, and Southeast Etame/North Tchibala fields, offshore Gabon as described below. Including this charge, our reported net loss was... More
