VAALCO Energy TransGlobe Merger 2022 | African E&P Business Combination

VAALCO Energy and TransGlobe Energy announced an all-share business combination creating a diversified African-focused exploration and production company with operations in Gabon, Egypt, Equatorial Guinea, and Canada. The merger, unanimously approved by both boards, consolidates complementary assets and teams to deliver sustainable shareholder returns through increased production, cost synergies, and a robust net cash balance sheet with planned distributions of up to $0.52 per share.