Vaalco Energy (EGY) has released an update.
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Vaalco Energy reported strong third-quarter 2024 results, with a 20% increase in net revenue interest sales and a 28% rise in Adjusted EBITDAX compared to the previous quarter, mainly due to additional liftings in Côte d’Ivoire. The company’s strategic acquisition in Côte d’Ivoire enhances its West African operations, while ongoing projects in Canada and Egypt contribute to production growth. Vaalco continues to focus on shareholder returns through dividends and plans significant projects in 2025 to further drive organic growth.
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