US-based Vaalco Energy has secured a 60% operational stake in the offshore Kossipo field in Cote d'Ivoire, with PetroCI retaining the remaining 40% interest. The Kossipo field, discovered in 2002 and appraised in 2019, is situated on the CI-40 block. Vaalco expects to finalise a field development plan (FDP) in the latter half of this year (H2 2026). Recent advancements include utilising new ocean bottom node seismic data to refine development strategies and assess the field's resources. The Kossipo fi ...

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Core Viewpoint - Vermilion Energy reported a quarterly loss of $0.09 per share, significantly missing the Zacks Consensus Estimate of $0.36, and down from earnings of $0.95 per share a year ago, indicating a -125% earnings surprise [1] Financial Performance - The company posted revenues of $360.48 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.60%, but down from $384.17 million year-over-year [2] - Over the last four quarters, Vermilion has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2] Stock Performance - Vermilion shares have declined approximately 18.2% since the beginning of the year, contrasting with the S&P 500's decline of -1.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $433.37 million, and for the current fiscal year, it is $0.55 on revenues of $1.81 billion [7] Industry Outlook - The Oil and Gas - Exploration and Production - International industry is currently ranked in the bottom 31% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Vermilion's stock performance [5][6]