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Vaalco Energy CEO to resign, replacement named - Houston Business Journal

Vaalco Energy CEO to resign, replacement named - Houston Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Houston Based VAALCO Appoints New CEO

VAALCO Energy, Inc. (NYSE, LSE: EGY) has announced that its board of directors has named George Maxwell as the company's new chief executive officer. ....

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EXECUTIVE CHANGES: Eland Oil founder now Vaalco CEO; Dialight CFO out

EXECUTIVE CHANGES: Eland Oil founder now Vaalco CEO; Dialight CFO out
Mon, 12th Apr 2021 16:15
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:
Wizz Air Holdings PLC - Budapest-based central and eastern Europe-focused budget airline - Hires Anthony Radev as independent non-executive director, starting Tuesday and replacing Barry Eccleston. Radev is president of Corvinus University at Budapest. He also is on the boards of MOL Hungarian Oil & Gas PLC, the Hungary Football Federation, and DSK bank in Bulgaria. Until 2013, Radev was a senior partner at consultants McKinsey & Co. ....

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Fitch Rates Seplat's New Notes Final 'B-'

Domestic gas prices of about USD2.9/mcf on average until 2024
Upstream production ramping up to above 60kboe/d in 2023
Dividends of about USD59 million a year up to 2024
Fitch’s Key Assumptions for Recovery Analysis:
The recovery analysis assumes that Seplat would be reorganised as a going-concern (GC) in bankruptcy rather than liquidated.
Seplat’s post-reorganisation, going-concern EBITDA is estimated at around USD223 million, based on the current asset base. A drop in EBITDA to the going-concern level reflects risks associated with hydrocarbon price volatility, potential unplanned downtime and other adverse factors
We have applied a distressed enterprise value (EV)/EBITDA multiple of 4.5x to calculate a going-concern EV, reflecting a mid-cycle multiple for the natural resources sector in the EMEA region and the risks associated with the operating environment in the country of operation. ....

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Drilling against All Odds

SIMONKOLAWOLELIVE! BY SIMON KOLAWOLE
If I’m honest, there has not been much to cheer about Nigeria in recent times. As someone who always tries to keep a positive attitude towards life a disposition that makes me celebrate little successes here and there I’ve found it very hard to cope. The news is always about one abduction or another, Boko Haram attacks, banditry and whatnot. More so, the second wave of COVID-19 is hurting so badly, taking away precious medical personnel and further crushing our extremely stretched and perennially inadequate medical facilities. It has so disrupted the education system we don’t even know when our students will write exams or graduate anymore. It can be overwhelming. ....

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