Finance & Investing | Debt | Financial Trouble | Capital Markets
VAALCO Exploring Strategic Alternatives; Asset Sales, Potential Merger
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VAALCO Energy, Inc. announced that its Board of Directors has formed a strategic committee to explore a range of strategic alternatives to further enhance shareholder value.
The strategic alternatives process will explore options for the future of the Company including, but not limited to securing additional investment to support existing projects and growth opportunities, joint ventures, asset sales or farm-outs, the potential sale or merger of the Company, or continuing to pursue the Company's existing operating plan.
Steve Guidry, Chief Executive Officer and Director, commented: "Our Board and management team remain committed to unlocking the value of the Company's assets and maximizing value for our shareholders. In the current period of highly volatile oil prices, we believe it is…
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