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<SEC-DOCUMENT>0001275287-07-000190.txt : 20070118
<SEC-HEADER>0001275287-07-000190.hdr.sgml : 20070118
<ACCEPTANCE-DATETIME>20070118164813
ACCESSION NUMBER:		0001275287-07-000190
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070116
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070118
DATE AS OF CHANGE:		20070118

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VAALCO ENERGY INC /DE/
		CENTRAL INDEX KEY:			0000894627
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				760274813
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32167
		FILM NUMBER:		07538227

	BUSINESS ADDRESS:	
		STREET 1:		4600 POST OAK PL STE 309
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77027
		BUSINESS PHONE:		7136230801
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>ve8595.htm
<DESCRIPTION>FORM 8-K
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<p  align="center"><font size="5" face="Times New Roman"><b>UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> </b></font>
<font size="3"><b>Washington, D.C. 20549</b></font></p>
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<font size="5" face="Times New Roman"><b>FORM 8-K</b></font></p>
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<font size="3" face="Times New Roman"><b>CURRENT REPORT</b></font><br>
<font size="3" face="Times New Roman"><b>Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934</b></font></p>
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<font size="2" face="Times New Roman"><b>Date of Report (Date of earliest event reported) January 16, 2007</b></font></p>
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<font size="6" face="Times New Roman"><b>VAALCO   Energy, Inc.</b></font></p>  </td>
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<font size="2" face="Times New Roman"><i>(Exact   name of registrant as specified in its charter)</i></font></p>  </td>
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<font size="2" face="Times New Roman"><b>Delaware</b></font></p>  </td>
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<font size="2" face="Times New Roman"><b>0-20928</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="2" face="Times New Roman"><b>76-0274813</b></font></p>  </td>
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<font size="2" face="Times New Roman"><i>(State   or other jurisdiction<br>   of incorporation)</i></font></p>  </td>
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<font size="2" face="Times New Roman"><i>(Commission<br>   File Number)</i></font></p>  </td>
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<font size="2" face="Times New Roman"><i>(I.R.S.   Employer<br>   Identification No.)</i></font></p>  </td>
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<font size="2" face="Times New Roman"><b>4600 Post Oak Place, Suite 309</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="2" face="Times New Roman"><b>77027</b></font></p>  </td>
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<font size="2" face="Times New Roman"><i>(Address   of principal executive offices)</i></font></p>  </td>
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<font size="2" face="Times New Roman"><i>(Zip   Code)</i></font></p>  </td>
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  <p  align="center"><font size="2" face="Times New Roman"><b>Registrant&#146;s telephone number,   including area code&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713-623-0801</b></font></p>  </td>
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<font size="2" face="Times New Roman"><i>(Former   name or former address, if changed since last report.)</i></font></p>  </td>
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<font size="2" face="Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>
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<font size="2" face="Wingdings">o</font></p>  </td>
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<font size="2" face="Times New Roman">Written communications pursuant to Rule 425 under   the Securities Act (17 CFR 230.425)</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="2" face="Wingdings">o</font></p>  </td>
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<font size="2" face="Times New Roman">Soliciting material pursuant to Rule 14a-12 under   the Exchange Act (17 CFR 240.14a-12)</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p><font size="2" face="Wingdings">o</font></p>  </td>
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<font size="2" face="Times New Roman">Pre-commencement communications pursuant to Rule   14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>  </td>
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<font size="2" face="Wingdings">o</font></p>  </td>
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<font size="2" face="Times New Roman">Pre-commencement communications pursuant to Rule   13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>  </td>
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<p>
<font size="2" face="Times New Roman"><b>Item 8.01 Other Events</b></font></p>
<p>
<font size="2" face="Times New Roman">On January 16, 2007, VAALCO Energy, Inc. announced&#160; the beginning of Avouma Production.</font></p>
<p>
<font size="2" face="Times New Roman"><b>Item 9.01 Financial Statements and Exhibits.</b></font></p>
<p>
<font size="2" face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</font></p>
<p>
<font size="2" face="Times New Roman">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release issued by VAALCO Energy, Inc., on January 16, 2007.</font></p>

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<font size="2" face="Times New Roman"><b>Signature</b></font></p>
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<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized. </font></p>
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<font size="2" face="Times New Roman"><b>VAALCO ENERGY, INC.</b></font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="2" face="Times New Roman">January 18, 2007</font></p>  </td>
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<font size="2" face="Times New Roman">By:</font></p>  </td>
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<font size="2" face="Times New Roman">/s/ W. Russell Scheirman</font></p>  </td>
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<font size="2" face="Times New Roman">W. Russell Scheirman</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="2" face="Times New Roman">President and Chief Financial Officer</font></p>  </td>
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<TYPE>EX-99.1
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<DESCRIPTION>EXHIBIT 99.1
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<p  align=right><font size="2" face="Times New Roman"><b>Exhibit 99.1</b></font></p>
<p  align="center">
<font size="2" face="Times New Roman"><b>VAALCO Energy Announces Beginning of Avouma Production</b></font></p>
<p>
<font size="2" face="Times New Roman">HOUSTON, Jan. 16 /PRNewswire-FirstCall/ -- VAALCO Energy, Inc. (NYSE: EGY) announced today that oil production has begun from the Avouma Field off the coast of Gabon in West Africa. The first of the two wells drilled to develop the field has been placed on a production test and is currently flowing at approximately 5,500 barrels oil per day. This well will be tested for seventy two hours, then shut in to gather pressure data, at which time the second well will be brought on stream for testing. Following completion of the second well test, both wells will be placed on production.</font></p>
<p>
<font size="2" face="Times New Roman">The oil flowing from the Avouma field is being loaded aboard the Etame Floating Production, Storage and Offloading (FPSO) facility via a 10-mile-long pipeline. Construction of the last phase of the pipeline was completed last week with the installation of a flexible riser to connect the pipeline to the FPSO.</font></p>
<p>
<font size="2" face="Times New Roman">In July 2006, VAALCO projected that the Avouma field would produce approximately 10,000 barrels oil per day when all wells were fully operational. Avouma supplements production from VAALCO&#146;s nearby Etame field, where oil production continues at the rate of approximately 15,800 barrels oil per day.</font></p>
<p>
<font size="2" face="Times New Roman">Robert Gerry, Chairman and Chief Executive Officer, stated, &#147;Avouma is our second field on the Etame Block to begin production. We are pleased that this project was completed on time and on budget in this tight market for oilfield services. We have additional opportunities within that block that we continue to pursue, including our Ebouri discovery, where we have commenced platform construction for installation later this year. We are also very positive about and making progress on plans for our properties near Angola, where we have signed a Production Sharing Agreement (PSA) for Block 05/06 offshore and have a 40% operator interest.</font></p>
<p>
<font size="2" face="Times New Roman">&#147;In summary, VAALCO continues on track with its commitments to acquire niche energy properties that we believe have significant potential, as well as to explore for and profitably extract oil from those properties.&#148;</font></p>

<p><font size="2" face="Times New Roman">The Company&#146;s subsidiary VAALCO Gabon Etame, Inc. operates and owns a 28.07% interest in the Etame Field. Other field partners are Addax Petroleum Etame Inc. (31.36%), Sasol Petroleum West Africa (Ltd.) (27.75%), Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) and Tullow Oil Gabon SA (7.5%).</font></p>
<p>
<font size="2" face="Times New Roman">This press release includes &#147;forward-looking statements&#148; as defined by the U.S. securities laws. Forward-looking statements are those concerning VAALCO&#146;s plans, expectations, and objectives for future drilling, completion and other operations and activities. All statements included in this press release that address activities, events or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include future production rates, completion and production timetables and costs to complete well. These statements are based on assumptions made by VAALCO based on its experience perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO&#146;s control. These risks include, but
are not limited to, inflation, lack of availability goods, services and capital, environmental risks, drilling risks, foreign operational risks and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. These risks are further described in VAALCO&#146;s annual report on form 10K/SB for the year ended December 31, 2005 and other reports filed with the SEC which can be reviewed at http://www.sec.gov , or which can be received by contacting VAALCO at 4600 Post Oak Place, Suite 309, Houston, Texas 77027, (713) 623-0801.</font></p>
<p>
<font size="2" face="Times New Roman">SOURCE&#160; VAALCO Energy, Inc.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01/16/2007<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/CONTACT:&#160; W. Russell Scheirman of VAALCO Energy, Inc., +1-713-623-0801/<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/Photo:&#160; NewsCom:&#160; http://www.newscom.com/cgi-bin/prnh/20050215/VAALCOLOGO<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AP Archive:&#160; http://photoarchive.ap.org<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRN Photo Desk photodesk@prnewswire.com /<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(EGY) </font></p>

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