Vaalco Energy ( (EGY) ) has provided an update.
On March 17, 2025, Vaalco Gabon, a subsidiary of Vaalco Energy, Inc., canceled its prior senior secured reserve-based revolving credit facility agreement with Glencore Energy UK Ltd., which was initially set up in 2022 and amended in 2023. The termination, effective March 18, 2025, involved no drawn amounts and released associated liens. Vaalco’s existing hedging agreements, including those with Glencore, were amended in connection with a new reserves-based facility agreement, while the company’s crude oil offtake arrangements with Glencore continue under the new facility’s security.
More about Vaalco Energy
Vaalco Energy, Inc. operates in the energy sector, focusing on the exploration, development, and production of crude oil, primarily in Gabon.
YTD Price Performance: -6.28%
Average Trading Volume: 867,380
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $428.8M
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