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Decline drags Vaalco quarter

US independent Vaalco Energy has recorded a net income of $9 million for the first quarter of 2012, down from the $11.2 million recorded over the same period in 2011.

Decline: Natural production falls from Vaalco's Gabon projects, including the pictured Ebouri field, weighed on first quarter production.
Decline: Natural production falls from Vaalco's Gabon projects, including the pictured Ebouri field, weighed on first quarter production.
Published 9 May 2012, 02:50Updated 10 October 2016, 13:50
Americas