| Summary of Quarterly Financial Information |
(In thousands of dollars except per share information) |
1st Quarter |
|
|
2nd Quarter |
|
|
3rd Quarter |
|
|
4th Quarter |
|
2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues (1) |
$ |
44,137 |
|
|
$ |
29,118 |
|
|
$ |
37,740 |
|
|
$ |
58,282 |
|
Total operating costs and expenses |
|
22,634 |
|
|
|
17,452 |
|
|
|
29,636 |
|
|
|
22,331 |
|
Operating income |
|
21,503 |
|
|
|
11,666 |
|
|
|
8,104 |
|
|
|
35,951 |
|
Net income |
|
7,188 |
|
|
|
7,121 |
|
|
|
2,386 |
|
|
|
26,377 |
|
Basic net income per share. |
$ |
0.12 |
|
|
$ |
0.12 |
|
|
$ |
0.4 |
|
|
$ |
0.46 |
|
Diluted net income per share. |
$ |
0.12 |
|
|
$ |
0.12 |
|
|
$ |
0.4 |
|
|
$ |
0.46 |
|
(In thousands of dollars except per share information) |
1st Quarter |
|
|
2nd Quarter |
|
|
3rd Quarter |
|
|
4th Quarter |
|
2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues (1) |
$ |
45,286 |
|
|
$ |
58,818 |
|
|
$ |
37,630 |
|
|
$ |
53,553 |
|
Total operating costs and expenses |
|
15,180 |
|
|
|
20,186 |
|
|
|
22,036 |
|
|
|
51,292 |
|
Operating income |
|
30,106 |
|
|
|
38,632 |
|
|
|
15,594 |
|
|
|
2,261 |
|
Net income |
|
10,527 |
|
|
|
12,317 |
|
|
|
1,412 |
|
|
|
(18,917 |
) |
Net income attributable to noncontrolling interest |
|
(1,509 |
) |
|
|
(1,893 |
) |
|
|
(1,306 |
) |
|
|
- |
|
Net income attributable to VAALCO Energy, Inc. |
|
9,018 |
|
|
|
10,424 |
|
|
|
106 |
|
|
|
(18,917 |
) |
Basic net income per share attributable to VAALCO Energy, Inc. |
$ |
0.16 |
|
|
$ |
0.18 |
|
|
$ |
- |
|
|
$ |
(0.33 |
) |
Diluted net income per share attributable to VAALCO Energy, Inc. |
$ |
0.15 |
|
|
$ |
0.18 |
|
|
$ |
- |
|
|
$ |
(0.32 |
) |
(1) |
Gabon crude oil sales are a function of the number and size of crude oil liftings in each quarter from the floating production, storage and offloading (“FPSO”) facility. |
|