Vaalco Energy gets $19M from Angolan partner, to delay filing 10-K

|By:, SA News Editor

Vaalco Energy (EGY -4.1%) gives up early gains that followed news it had received $19M cash from its partner in Angola, Sonangol P&P, which represents the full amount due for its share of past costs outstanding, including interest, at Dec. 31.

EGY says it will temporarily delay the filing of its financial statements to reflect the development.

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