VAALCO Energy, Inc. (NYSE:EGY) Q4 2022 Earnings Call Transcript

Operator: And this concludes our question-and-answer session. I’d like to turn the conference back over to George Maxwell for any closing remarks.

George Maxwell : Thank you. I’d like to thank everyone for listening into our delayed 2022 earnings call. It’s hopefully, from the listeners that we’ve managed to put a lot more color around our Q4 and 2022 activities and also put some color around where we see 2023 and some of the questions we’ve been asked have assisted in us given the ability to emphasize that point. I think the company has clearly transformed. I think when you look at the numbers that we talked about today, particularly with regard to our ability for cash flow generation, our ability the reserve base and the company for future value, our ability in utilizing that cash and delivering significant value back to shareholders, not just in the potential for capital appreciation for the stock, but also in dividends and buybacks.

You heard me state in the closing remarks that we will also look at the opportunity to continue and perhaps accelerate that buyback position as soon as the company comes out of its blackout period, which will be sometime in May with regard to our Q1 results. Again, the commitment is there to continue to do that. Well, the stock price clearly is in a depressed state versus the value that we’ve been talking about that contained in our balance sheet. So I thank everyone for listening today. As I say at the end of every call, for every shareholder, if they want to get in touch with Al or Chris and want to have a follow-up conversation with management. We’re always willing and able to do that. Thank you very much.

Operator: The conference has now concluded. Thank you very much for attending today’s presentation. You may now disconnect your lines.