VAALCO Energy rises on higher Q4 profit

VAALCO Energy

14/03/2024 15:25

** Shares of oil firm VAALCO Energy  EGY.N  up 19.5% at
$2.30
    ** Stock hit highest since mid-November 2022 earlier in the
session
    ** Co posts adj. profit of 37 cents/share for the fourth
quarter, compared with 19 cents/shr reported a year earlier
    ** Firm's quarterly revenue from crude oil, natural gas and
natural gas liquids sales of $149.15 mln rises 54% from $96.6
mln
    ** EGY stock has risen ~17.4% so far this year

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com;))