VAALCO Energy Management

Management criteria checks 2/4

VAALCO Energy's CEO is George Maxwell, appointed in Apr 2021, has a tenure of 3.83 years. total yearly compensation is $1.72M, comprised of 32% salary and 68% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth $1.64M. The average tenure of the management team and the board of directors is 1.5 years and 3.8 years respectively.

Key information

George Maxwell

Chief executive officer

US$1.7m

Total compensation

CEO salary percentage	32.0%
CEO tenure	3yrs
CEO ownership	0.2%
Management average tenure	1.5yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

Results: VAALCO Energy, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Mar 17

VAALCO Energy, Inc. (NYSE:EGY) Stock Rockets 26% But Many Are Still Ignoring The Company

Mar 15

Vaalco Energy: Strong Balance Sheet, An Earnings Recovery Likely, Key Support In Play

Jul 26

Earnings Miss: VAALCO Energy, Inc. Missed EPS By 82% And Analysts Are Revising Their Forecasts

May 13

One VAALCO Energy, Inc. (NYSE:EGY) Analyst Just Slashed Their 2023 Revenue Estimates

Apr 19

Vaalco Energy: Hold On, The Industry Is Reshaping

Feb 03

Vaalco Energy: A New Company Is Born

Nov 10

VAALCO Energy declares $0.0325 dividend

Oct 31

Vaalco Energy: Equatorial Guinea Is A Go

Sep 27

With EPS Growth And More, VAALCO Energy (NYSE:EGY) Makes An Interesting Case

Sep 24

VAALCO Energy: Deep Value Earns Strongest Buy Recommendation In Energy Sector

Sep 16

VAALCO Energy: Excellent Quarter

Aug 22

VAALCO Energy declares $0.0325 dividend

Aug 08

VAALCO Energy: The Merger News Wiped Out $50 Million

Jul 29

Merger Time: Vaalco Buys TransGlobe Energy

Jul 15

VAALCO Energy (NYSE:EGY) Is Reinvesting At Lower Rates Of Return

Jun 22

Vaalco: Oil Play, Priced At Less Than 3x Free Cash Flow

Jun 21

Drill Baby Drill: Vaalco Energy

Jun 04

CEO Compensation Analysis

How has George Maxwell's remuneration changed compared to VAALCO Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$60m
Sep 30 2023	n/a	n/a	US$34m
Jun 30 2023	n/a	n/a	US$35m
Mar 31 2023	n/a	n/a	US$43m
Dec 31 2022	US$2m	US$550k	US$51m
Sep 30 2022	n/a	n/a	US$68m
Jun 30 2022	n/a	n/a	US$92m
Mar 31 2022	n/a	n/a	US$83m
Dec 31 2021	US$818k	US$225k	US$81m
Sep 30 2021	n/a	n/a	US$43m
Jun 30 2021	n/a	n/a	US$20m
Mar 31 2021	n/a	n/a	US$15m
Dec 31 2020	US$108k	n/a	-US$48m

Compensation vs Market: George's total compensation ($USD1.72M) is below average for companies of similar size in the US market ($USD3.42M).

Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.

CEO

George Maxwell (57 yo)

3yrs

Tenure

US$1,718,252

Compensation

Mr. George Walter-Mitchell Maxwell serves as Chief Executive Officer at VAALCO Energy, Inc. since April 19, 2021. He had been an Independent Non-Executive Director at Lekoil Limited since January 8, 2021 u...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
George Maxwell	CEO & Director	3yrs	US$1.72m	0.23% $ 1.6m
Ronald Bain	Chief Financial Officer	2.8yrs	US$1.03m	0.057% $ 399.6k
Thor Pruckl	Chief Operating Officer	1.4yrs	no data	0.12% $ 822.9k
Matthew Powers	Executive VP	1.5yrs	no data	0.020% $ 142.2k
Jason Doornik	Executive Officer	no data	US$252.18k	0.061% $ 431.1k
Julie Ray	Vice President of Treasury	6.8yrs	no data	no data
Lynn Willis	Interim CAO & Controller	less than a year	no data	no data
Al Petrie	Investor Relations Coordinator	no data	no data	no data

1.5yrs

Average Tenure

56.5yo

Average Age

Experienced Management: EGY's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
George Maxwell	CEO & Director	3.8yrs	US$1.72m	0.23% $ 1.6m
Robert Gerry	Chairman Emeritus	9.8yrs	US$551.90k	no data
Andrew Fawthrop	Independent Chairman of the Board	9.5yrs	US$298.45k	0.44% $ 3.1m
Catherine Stubbs	Independent Director	3.8yrs	US$238.45k	0.12% $ 874.3k
Edward LaFehr	Independent Director	1.5yrs	US$455.86k	0.046% $ 320.1k
Fabrice Nze-Bekale	Independent Director	2.3yrs	US$219.60k	0.030% $ 207.8k

3.8yrs

Average Tenure

60yo

Average Age

Experienced Board: EGY's board of directors are considered experienced (3.8 years average tenure).

VAALCO Energy Management

Management criteria checks 2/4

Key information

Recent management updates

VAALCO Energy, Inc. Announces Executive Changes

Independent Director exercised options and sold US$141k worth of stock

Independent Chairman of the Board exercised options and sold US$57k worth of stock

CEO & Director recently bought US$111k worth of stock

Less than half of directors are independent

VAALCO Energy, Inc. Announces the Promotion of Thor Pruckl to Chief Operating Officer

Recent updates

VAALCO Energy, Inc. Announces Executive Changes

Investor sentiment improves as stock rises 20%

Results: VAALCO Energy, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

VAALCO Energy, Inc. (NYSE:EGY) Stock Rockets 26% But Many Are Still Ignoring The Company

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Now 26% overvalued after recent price rise

VAALCO Energy, Inc. Provides Production and Sales Guidance for the First Quarter and Full Year 2024

Vaalco Energy: Diversification One Deal At A Time

VAALCO Energy, Inc. to Report Q4, 2023 Results on Mar 13, 2024

VAALCO Energy, Inc. entered into a sales and purchase agreement to acquire Svenska Petroleum Exploration AB from Petroswede AB for approximately $66.5 million.

Upcoming dividend of US$0.063 per share

VAALCO Energy, Inc. Declares Quarterly Cash Dividend, Payable on March 28, 2024

Consensus EPS estimates fall by 18%

Is Vaalco Energy A Good Dividend Stock?

Upcoming dividend of US$0.063 per share at 6.0% yield

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

VAALCO Energy, Inc. Provides Consolidated Production and Sales Guidance for the Fourth Quarter and Full Year 2023

VAALCO Energy, Inc. Declares Quarterly Cash Dividend, Payable on December 21, 2023

VAALCO Energy, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Vaalco Energy: Doubling Down On Acquisition

Consensus EPS estimates increase by 13%

Capital Allocation Trends At VAALCO Energy (NYSE:EGY) Aren't Ideal

Consensus EPS estimates fall by 13%, revenue upgraded

A Look At The Fair Value Of VAALCO Energy, Inc. (NYSE:EGY)

Vaalco Energy: The Stock Is Not Responding To The Company's Increase In Size

Upcoming dividend of US$0.063 per share at 5.3% yield

Vaalco Energy: Steadier Growth Ahead

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

VAALCO Energy, Inc. Provides Production and Sales Guidance for the Third Quarter of Fiscal 2023

VAALCO Energy, Inc. Declares Quarterly Cash Dividend, Payable on September 22, 2023

Price target decreased by 9.2% to US$8.40

Vaalco Energy: Strong Balance Sheet, An Earnings Recovery Likely, Key Support In Play

VAALCO Energy, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Independent Director exercised options and sold US$141k worth of stock

Consensus EPS estimates fall by 19%, revenue upgraded

Consensus EPS estimates fall by 16%, revenue upgraded

Upcoming dividend of US$0.063 per share at 6.7% yield

Earnings Miss: VAALCO Energy, Inc. Missed EPS By 82% And Analysts Are Revising Their Forecasts

Independent Chairman of the Board exercised options and sold US$57k worth of stock

VAALCO Energy, Inc. Provides Production and Sales Guidance for the Second Quarter and Full Year of Fiscal 2023

First quarter 2023 earnings: EPS and revenues miss analyst expectations

VAALCO Energy, Inc. Declares Quarterly Dividend for the Second Quarter of 2023, Payable on June 23, 2023

VAALCO Energy, Inc. to Report Q1, 2023 Results on May 09, 2023

One VAALCO Energy, Inc. (NYSE:EGY) Analyst Just Slashed Their 2023 Revenue Estimates

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased by 7.5% to US$9.25

Upcoming dividend of US$0.063 per share at 6.1% yield

Investor sentiment improves as stock rises 15%

VAALCO Energy, Inc. Increases Cash Dividend for the First Quarter of 2023, Payable on March 31, 2023

Vaalco Energy: Hold On, The Industry Is Reshaping

VAALCO Energy, Inc. Provides an Operational Update Including Additional Information on the North Tchibala 2H-ST well

Investor sentiment deteriorated over the past week

Consensus forecasts updated

CEO & Director recently bought US$111k worth of stock

Price target increased to US$10.00

Less than half of directors are independent

VAALCO Energy, Inc. Announces the Promotion of Thor Pruckl to Chief Operating Officer

VAALCO Energy, Inc. Provides Production Guidance for Fourth Quarter 2022

Vaalco Energy: A New Company Is Born

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

VAALCO Energy, Inc. to Report Q3, 2022 Results on Nov 08, 2022

VAALCO Energy Inc. Declares Quarterly Cash Dividend for the Fourth Quarter of 2022, Payable on December 22, 2022

VAALCO Energy declares $0.0325 dividend

Consensus forecasts updated

Matthew Powers Joins VAALCO Energy, Inc. as Executive Vice President and General Counsel

Less than half of directors are independent

VAALCO Energy, Inc. Announces Board Appointments

VAALCO Energy Announces Successful Drilling of North Tchibala 2H-ST Well and Provides Operational Update on FSO and Field Reconfiguration at Etame

Vaalco Energy: Equatorial Guinea Is A Go