VAALCO's Discusses Q2 2012 Results - Earnings Call Transcript

VAALCO Energy, Inc. (EGY)

Q2 2012 Results Earnings Call

August 8, 2012 11:00 AM ET

Executives

Robert Gerry – Chief Executive Officer

Russell Scheirman – President and COO

Gregory Hullinger – Chief Financial Officer

Analysts

Kim Pacanovsky - MLV & Co.

Chris McDougall – Westlake Securities

Presentation

Operator

Welcome to the Second Quarter 2012 Earnings Report Conference Call. At this time our participants will be in a listen-only mode. Later we will conduct a question-and-answer session and the instructions will be given at that time. (Operator Instructions)

As a reminder, this conference is being recorded. I would now like to turn the conference over to our host, CEO, Mr. Robert Gerry. Please go ahead sir

Robert Gerry

Thank you, Laurie and good morning ladies and gentlemen and welcome to VAALCO energy's second quarter investor conference call. Joining me today will be Russell Scheirman, our President and Chief Operating Officer; and Gregory Hullinger our Chief Financial Officer.

Please bear with me while I read a brief Safe Harbor statement. This conference call includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934 as amended.

Forward-looking statements are those concerning VAALCO's plans, expectations, and objectives for future drilling, completion, and other operations and activities. All statements included in this presentation that address activities, events or developments that VAALCO expects, believes, or anticipates will or may occur in the future are forward-looking statements. These statements include expected capital expenditures, prospect evaluations, negotiations with governments and third parties, and reserve growth. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. These risks are further described in VAALCO's Annual Report on Form 10-K for the year ended December 31, 2008 and other reports filed with the SEC, which can be reviewed at www.sec.gov.

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