BUSINESSWEEK'S HOT GROWTH COMPANIES

Hot Growth Special Report 2006 >

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VAALCO Energy (EGY)

Unlike most small independent oil outfits in the U.S., Vaalco Energy prefers to look for oil in faraway places, like the Atlantic Ocean off West Africa. Increased production from its main field off the shores of Gabon -- and sharply higher oil prices -- have boosted sales by 81/2 times since 2002 turned a big loss in 2001 into steadily increasing profits. Last year, the Houston-based company earned $29.2 million on sales of $84.9 million. Its stock, which didn't even fetch 20 cents a share in mid-2000, has been as high as $7.82 this year, though it's slipped from that April peak to about $6.50. With stronger reserves and a steady cash flow, Vaalco plans to expand its production in Gabon and is placing new bets in Angola and the North Sea. For a little guy, it gets around.

Company Info

2005 Rank

Market Value*
($ Millions)

409.0

Sales*
($ Millions)

93.0

Sales Growth
(3-yr. avg. annual)

98.9 %

Profits*
($ Millions)

33.7

Profit Growth
(3-yr. avg. annual)

297.5 %

Return on Inv. Capital (3-yr.)

35.2 %

Share Price
12-Mo. Hi/Lo

8/3

Share Price
As of 4/28/06

7

Return on Equity

37.4 %

P/E Ratio

12

No. of Employees

16

Industry Oil & Gas Exploration & Production
CURRENT
MARKET INFO

EGY >

COMPANY WEB SITE >
Location Houston
Phone 713 623-0801
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

VAALCO Energy, an independent energy company, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas. The company's properties and exploration activities are located in the Texas Gulf Coast region and offshore Gabon, West Africa. As of Dec. 31, 2005, it had total proved reserves of 7,827 mbbls of crude oil and 21 mmcf of natural gas. The company was founded in 1984 and is headquartered in Houston.


Data provided by Capital IQ
 
Robert L. Gerry

Robert L. Gerry, 68

Chairman and Chief Executive Officer


Total Compensation*

$ 674,000

Total Options Value*

$ 6,017,721

* Fiscal Year 2005


Executive Bio

Robert Gerry III has been CEO and chairman of Vaalco Energy, a publicly traded independent oil and gas company, since August, 1997. Gerry served as president and COO of Nuevo Energy from its formation in March, 1990, until 1994. Before that, Gerry served as senior vice-president of Energy Assets International (EAIC), starting in January, 1989. For 10 years prior to joining EAIC, Gerry was active as an independent investor concentrating on energy. He served as vice-chairman of Nuevo Energy from February, 1994, to August, 1997. He has been a director of Plains Exploration & Production since May, 2004. He has been a director of Vaalco Energy since 1997. He also serves as a trustee of Texas Children's Hospital. He served as a director of Nuevo Energy from 1990 to May 2004 and was a member of the audit and compensation committees. He served as a trustee of Texas Children's Hospital for 15 years.


Management Team

Key Executives

Robert L. Gerry; W. Russell Scheirman

Board Directors

O. Donaldson Chapoton; Luigi P. Caflisch; William S. Farish; Robert H. Allen; Arne R. Nielsen; Robert L. Gerry; W. Russell Scheirman


Executive Data provided by Capital IQ