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Vaalco Energy Inc - oil and gas producer in west and north Africa and Canada - Reports fourth quarter production of 18,175 working-interest barrels of oil equivalent per day, or around 14,200 net-revenue-interest boepd. Says this was within its fourth quarter guidance range and was helped by strong Egypt production, though slightly offset by delayed Gabon well timing and related lower-than-expected flow rates. Full-year production increases by 43% year-on-year to 10,150 net-revenue-interest boepd. Increases quarterly cash dividend by 92% to $0.0625 from $0.325. Says drilling programmes will continue in Canada and Egypt in the first quarter of 2023. Current stock price: 371.00 pence 12-month change: 27% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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