An investigation for investors of VAALCO Energy, Inc. (NYSE:EGY) concerning possible securities laws violations by VAALCO Energy and certain of its directors and officers was announced.
Investors who purchased shares of VAALCO Energy, Inc. (NYSE:EGY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of VAALCO Energy, Inc. (NYSE:EGY) concerning whether certain statements by VAALCO Energy, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
VAALCO Energy, Inc. announced its fourth quarter and full year 2016 results. VAALCO Energy, Inc. reported that its annual Total Revenue declined from $80.44 million in 2015 to $59.78 million in 2016 and that its Net Loss declined from $120.55 million in 2015 to $18.27 million in 2016. Among other things, VAALCO Energy, Inc. disclosed that it had identified a material weakness in its internal control over financial reporting. Specifically, VAALCO Energy, Inc. advised investors that the material weakness in controls resulted in adjustments prior to issuing financial statements that would have resulted in a misstatement if left uncorrected.
Those who purchased NYSE:EGY shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com