VAALCO Energy, Inc. (NYSE:EGY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
William R. Thomas has been appointed to the Board of Directors of VAALCO Energy Inc. (the “Company”), effective April 9, 2019.
Mr. Thomas has over 30 years of experience in the international energy industry.He has successfully built, managed and monetized oil companies in some of the world’s most challenging environments. Since 2010, through his wholly-owned entity, Texas Oceanic Petroleum Co., Mr. Thomas has negotiated acquisitions of exploration and production companies around the world including in West Africa. Mr. Thomas began his career as a roughneck working on land and marine drilling rigs in Australia, West Texas and Brazil while attending the University of Texas. In 1982, Mr. Thomas joined the International Division of Pennzoil Company. In 1986, Mr. Thomas entered investment banking with the Mergers & Acquisitions Department of Bankers Trust Company and advised energy clients on upstream mergers and acquisitions. He became Chief Executive Officer of Siberian American Oil Company, an early U.S.- Russian joint venture in 1994 and in 1996, joined Amoco Eurasia Petroleum Company as Vice President responsible for the Timan Pechora region of Russia. In 1998, Mr. Thomas was appointed President and Chief Executive Officer of Nations Energy Company Ltd, a Canadian company with operations in Western Kazakhstan. In 2001, Mr. Thomas was a founder and appointed Chief Executive Officer of Urals Energy N.V. which became Russia’s largest independent oil company and eventually sold its production subsidiaries to LUKoil. He later was a founder and Chief Executive Officer of Urals Energy Public Company Ltd. and led the company to a successful initial public offering on London’s Alternative Investment Market (“AIM”) stock exchange in 2005. Mr. Thomas graduated from the University of Texas at Austin with a B.A. in Economics. Mr. Thomas serves as a director and nominee to an arrangement with Group 42- BLR Reporting Group.
In consideration of his services as a member of the Company’s Board of Directors and any Board committees, Mr. Thomas will be compensated in accordance with the Company’s non-employee director compensation program as in effect from time to time. Mr. Thomas has been appointed to serve on the Audit Committee, the Compensation Committee, the Nominating and Corporate Governance Committee and the Strategic Committee of the Company’s Board of Directors, all effective as of April 9, 2019.
The Company issued a press release on April 11, 2019 announcing Mr.Thomas’ appointment, a copy of which is attached hereto as Exhibit 99.1.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
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Exhibit Number |
Description |
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99.1 |
Press Release, dated April 11, 2019 |
VAALCO ENERGY INC /DE/ Exhibit
EX-99.1 2 egy-20190411xex99_1.htm EX-99.1 Exhibit 991 Exhibit 99.1 VAALCO ENERGY,…
To view the full exhibit click here
About VAALCO Energy, Inc. (NYSE:EGY)
VAALCO Energy, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas. Its segments include Gabon, Angola, Equatorial Guinea, the United States, and Corporate and other, which includes corporate and operations support. It owns producing properties and conducts exploration activities as an operator in Gabon, West Africa; conducts exploration activities as an operator in Angola, West Africa, and participates in exploration and development activities as a non-operator in Equatorial Guinea, West Africa. In the United States, it operates unconventional resource properties in North Texas and hold undeveloped leasehold acreage in Montana. It also owns minor interests in conventional production activities as a non-operator in the United States. Its Etame Marin block is located offshore the Republic of Gabon. It owns over 640-acre lease in the Hefley field (Granite Wash formation) in North Texas.