An investigation for long-term investors in NYSE:EGY shares was announced concerning possible breaches of fiduciary duties by certain VAALCO Energy directors.
Investors who purchased shares of VAALCO Energy, Inc. (NYSE:EGY) and currently hold any of those NYSE:EGY shares 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 concerns whether certain VAALCO Energy officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
VAALCO Energy, Inc. reported that its annual Total Revenue declined from $169.28 million in 2013 to $127.69 million in 2014 and that its Net Income of $43.07 million in 2013 decreased to a Net Loss of $77.55 million in 2014. Shares of VAALCO Energy, Inc. (NYSE:EGY) declined from $9.15 per share in August 2014 to as low as $1.28 per share in August 2015.
On December 11, 2015, NYSE:EGY shares closed at $1.57 per share.
Those who purchased shares of VAALCO Energy, Inc. (NYSE:EGY) 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