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Today, NYSE Group, Inc. (NYSE: NYX ) welcomed VAALCO Energy, Inc., ranked the #1 fastest growing company by Fortune Magazine in 2006, as its 15th transfer to the Exchange and seventh transfer from AMEX year-to-date.
VAALCO Energy (NYSE: EGY ), a global independent energy company engaged in exploration, development and production of crude oil, joins the NYSE Group as the 20th energy company listing in 2006. The company, with a market cap of $425 million, brings the total market capitalization for all NYSE Group energy listings to $3.1 trillion.
Based on market capitalization, 96% of the qualified domestic energy-related stocks are currently listed on NYSE Group.
Recent energy listings on NYSE Group in 2006 include Helix Energy Solutions (NYSE: HLX) with a market cap of $3.04 billion; Penn West Energy Trust (NYSE: PWE) with a market cap of $6.1 billion; and CNX Gas Corporation (NYSE: CXG ) with a market cap of $4.1 billion.
“We are pleased to welcome VAALCO Energy, Inc. to our family of listed companies,” said NYSE Group, Inc. President & co-COO Catherine R. Kinney. “Ranked as a pioneer in its industry, VAALCO Energy will take its place among fellow energy leaders as a NYSE Group -listed company. We look forward to an outstanding partnership with VAALCO Energy and providing the company and its shareholders with the unsurpassed visibility and liquidity offered by the NYSE market.”
To celebrate the company’s listing, Chairman & CEO Robert L. Gerry, III will ring The Opening Bell.
About VAALCO Energy, Inc.
VAALCO Energy, Inc. is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. VAALCO's strategy is to increase reserves and production through a program that balances lower risk development drilling with high potential international prospects. The company's properties and exploration activities are located in the Texas Gulf Coast region and offshore Gabon and Angola , West Africa .
About NYSE Group, Inc.
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides areliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities. On June 30, 2006 , our listed operating companies represent a total global market capitalization of over $ 22.6 trillion. In the second quarter 2006, on an average trading day, almost 1.8 billion shares, valued at over $68.5 billion, were traded on the NYSE.
NYSE Arca operates the first open, all-electronic stock exchange in the United States and has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca is also an exchange for trading equity options. NYSE Arca’s trading platform provides customers with fast electronic execution and open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
For more information on NYSE Group, go to: www.nyse.com. Information contained on our website does not constitute a part of the prospectus relating to the proposed offering.
