About VAALCO Energy

VAALCO Energy, Inc. is a Houston, Texas-based independent energy company principally engaged in the production, development, and acquisition of oil and natural gas properties in West and North Africa and western Canada. VAALCO’s strategy is to increase reserves and production through the development and exploitation of international oil and natural gas properties, with a primary focus on Africa. The Company’s properties are located offshore Gabon and Equatorial Guinea, onshore Egypt, and western Canada.

VAALCO Vision

Sustained growth in shareholder value by first maximizing our reserves and production performance across our portfolio and then growing by leveraging our in-house talent, operational infrastructure and technical expertise.

VAALCO Energy Corporate Values

• Focus on HSE
• Honesty/Integrity
• Treating People Fairly
• High Performance
• Efficient and Effective Processes
• Open Communication
• Respected in our Local Communities

Our Strategy

Our strategy is to utilize our technical expertise and operational infrastructure, with a focus on developing our resources in our producing assets in Gabon, Egypt and Canada, assessing our resource potential and development options in Equatorial Guinea and expanding into new development opportunities. Our growth will come from a mixture of organic and inorganic opportunities.

We are committed to driving stockholder value by:

• Operating in a safe and environmentally responsible manner
• Increasing operational efficiency and minimizing costs
• Leveraging our existing infrastructure, technical expertise, and experience as a West Africa operator overseeing production facilities and major projects
• Drilling wells and performing workovers across our African and Canadian assets
• Progressing development plans in Equatorial Guinea
• Acquiring discovered, underdeveloped and low-risk resources in Africa
• Evaluating value accretive merger and acquisition opportunities
• Enhancing margins and adding value