Vaalco Energy, Inc. (EGY) said Thursday that its Board of Directors has authorized the repurchase of up to $25 million of the company's common stock.
Under the share buyback program, shares of common stock will be purchased on the open market or through privately negotiated transactions from time-to-time during the authorized 12-month period.
The company currently has about 58 million diluted shares of common stock outstanding.
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