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Maroc Maroc - ENERGY PEDIA.COM - 07/Aug 07:36

VAALCO Energy announces second quarter 2024 results

VAALCO Energy has reported operational and financial results for the second quarter of 2024. VAALCO closed the accretive all cash acquisition of Svenska Petroleum Exploration for a net purchase price of $40.2 million. Increased Adjusted EBITDAX by 17% to $72.5 million compared to Q1 2024, driven by sales increase associated with Côte d’Ivoire lifting in May following the closing of the Svenska acquisition.

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