On Thursday, VAALCO Energy, Inc (NYSE:EGY)’s shares dwindled -2.37%, and closed at $2.47, soon after VAALCO Energy, Inc (NYSE:EGY), declared that the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola, was drilled to a total vertical depth of about 1,829 meters. The objective reservoir, the Mucanzo sand formation in the Pinda Group section, was found to be water-bearing and the well is presently in the process of being plugged and abandoned.
Steve Guidry, Chairman and CEO, commented, “We are disdesignated with the outcome of this first well drilled offshore Angola. The well targeted a three-way fault closure where the fault appears to have not offered the required lateral seal. The Mucanzo target sands were present and of a very high quality. We did find non-commercial hydrocarbon shows higher in the Pinda Group, in the overlying Catambela formation, indicating we were in a proven hydrocarbon system. Overall, we remain optimistic about the additional prospects and leads, both pre- and post-salt, on the block.”
VAALCO Energy: an independent energy corporation, attains, explores for, develops, and produces crude oil and natural gas in the United States. The corporation owns producing properties and conducts exploration activities as an operator of consortiums internationally in Gabon and Angola, in addition to conducts exploration activities as a non-operator in Equatorial Guinea, West Africa.
Delta Air Lines, Inc (NYSE:DAL)’s shares dropped -2.33%, and settled at $42.25, during the last trading session on Thursday, after Delta Air Lines, Inc (NYSE:DAL), declared updates to its health benefits policy to assist employees in same-sex relationships.
“While this issue remains unsettled on a national level, Delta’s commitment to diversity, inclusion and respect is rooted deeply in the airline’s values and culture,” said Joanne Smith, Delta’s Executive Vice President and Chief Human Resources Officer. “By providing equality in this critically important area of benefit costs for employees with same-sex domestic partners, we will continue to build a great place to work.”
Delta Air Lines: provides planned air transportation for passengers and cargo worldwide. The corporation operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
At the end of Thursday’s trade, Phillips 66 (NYSE:PSX)’s shares dipped -2.21%, and closed at $78.17, as Phillips 66 (NYSE:PSX), will host its annual meeting of shareholders on Wednesday, May 6 at 9 a.m. CDT at the Marriott Houston Westchase, 2900 Briarpark Drive, Houston, TX 77042. Shareholders must present an admission ticket or proof of ownership of Phillips 66 stock, in addition to valid picture identification, to be admitted.
Final voting results from the meeting will be stated on Form 8-K, and filed with the Securities and Exchange Commission.
Phillips 66: is a diversified energy manufacturing and logistics corporation. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the corporation processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the corporation’s master limited partnership, is an integral asset in the portfolio.
Pier 1 Imports Inc (NYSE:PIR), ended its Thursday’s trading session with -2.16% loss, and closed at $13.11, as Pier 1 Imports Inc (NYSE:PIR), declared that April 27, 2015, is the record date for its Annual Meeting of Shareholders to be held June 25, 2015.
As formerly declared on February 10, 2015, the Corporation will release fourth quarter and fiscal 2015 year-end results for the period ending February 28, 2015, after market close on April 8, 2015, and will host a conference call at 3:30 p.m.
Pier 1 Imports: is engaged in the retail sale of decorative home furnishings, furniture, gifts, and related products. It sells various decorative accessories, such as decorative accents and textiles comprising rugs, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, bath and fragrance products, candles, seasonal, and gift products.
QUALCOMM, Inc (NASDAQ:QCOM)’s shares fell -2.10%, and settled at $67.97, during the last trading session on Thursday, after QUALCOMM, (NASDAQ:QCOM), through its venture investment arm Qualcomm Ventures, commenced the corporation’s annual QPrize™ 2015 international seed investment competition. The competition aims to identify and provide seed funding into early-stage companies with unique and promising wireless technologies. Entrepreneurs in countries or regions that comprise Australia, China, Europe, India, Israel, Korea, Latin America and North America are eligible to apply and take part in the QPrize competition. One finalist from each region will be awarded up to US$250,000 in convertible note financing from Qualcomm as seed funding and will be invited to contend in the QPrize Grand Finals competition against other regional finalists on September 9, 2015. The Grand Finals winner will receive an additional US$250,000 of convertible note financing to aid in converting their business plan into reality.
Qualcomm Incorporated: is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated comprises Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned partner of Qualcomm Incorporated, operates, together with its auxiliaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, counting its semiconductor business, QCT.
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