Investor Relations

Leading the E&P Industry with a Purpose

We're Secure, Stable, and Strong

Vaalco is a leading independent exploration and production (E&P) energy company committed to sustainable development and operational excellence. We have a strong focus on innovation and responsible resource management. We are dedicated to delivering reliable energy solutions across Côte d'Ivoire, Egypt, Equatorial Guinea, Gabon, and Canada – and supporting a responsible transition that balances environmental factors of our activities with the socioeconomic impact in our countries of operation.

Latest Financial Results

$92.8M
Delivered strong Adjusted EBITDAX<sup>(1)</sup>* of $92.8 million
21,770
Achieved production of 21,770 net revenue interest (“NRI”) <sup>(2)</sup> BOEPD and WI <sup>(3)</sup> production of 26,709 BOEPD
$89.1M
Posted unrestricted cash of $89.1 million

1. Adjusted EBITDAX, Adjusted Net Income, Adjusted Working Capital and Free Cash Flow are Non-GAAP financial measures and are described and reconciled to the closest GAAP measure in the Q3 2024 earnings release.

2. All NRI production rates are VAALCO's working interest volumes less royalty volumes, where applicable.

3. All WI production rates and volumes are VAALCO’s working interest volumes, where applicable.

Source: Q3 2024 Earning Press Release


For complete information regarding our financials, see our periodic filings.

* Non-GAAP Financial Measures. View full reconciliation in our Q3 earnings press release.

Latest Annual Report

For Fiscal Year Ending Dec 31, 2023

Driving Global E&P Growth and Sustainability

Founded in 1985, Vaalco Energy is a Texas-based a leading African-focused oil & gas operating company with a strong production and reserve base and a diverse portfolio of assets in Côte d'Ivoire, Egypt, Equatorial Guinea, Gabon and Canada. Through operational excellence, sustainable practices and a deep understanding of the regions we operate in, we strive to maximize shareholder value and deliver positive impact for our wider stakeholders.

Stock Snapshot for NYSE: EGY

Vaalco Energy at a Glance

1985

Founded

5

Areas of Operation

23,946 BOEPD

Working Interest Production

As of Dec. 31, 2023 • 2023 Annual Report

Crude Oil Reserves in FY 2023

Net Proved Reserves

(in millions of BOE)

Year Amount
2020 3200000
2021 11200000
2022 27900000
2023 28600000

As of Dec. 31, 2023 • 2023 Annual Report

MMBOE - Millions Of Barrels Of Oil Equivalent

Working Interest Production

(in barrels of oil equivalent)

Year Amount
2020 5579
2021 8734
2022 12177
2023 23946

As of Dec. 31, 2023 • 2023 Annual Report

MMBOE - Millions Of Barrels Of Oil Equivalent

For complete information regarding our financials, see our periodic filings.

Pioneering Sustainable Principles

We are deeply committed to the ESG principles that guide our business practices and operations. Our dedication is fueled by our growth trajectory, operational excellence, and shareholder value creation.

Learn More About Our ESG

Drill Down Deeper into Our Operations

Canada

<p>In Harmattan, Canada, we maintain production and working interests in Cardium light oil and Mannville liquids-rich gas assets. These resources are extracted from zones within the Lower Mannville and Rock Creek formations</p>

View Our Canada Operations

Côte d'Ivoire

<p>We diversified our portfolio by entering Côte d'Ivoire in 2024. We acquired a 27.4% non-operated working interest in Block CI-40, offshore Côte d’Ivoire, containing the deepwater producing Baobab field and the significant Kossipo discovery.</p>

View Our Côte d'Ivoire Operations

Egypt

<p>In Egypt, our operations span two distinct regions: the Eastern Desert and the Western Desert. The Eastern Desert merged concession covers approximately 45,067 acres, while the South Ghazalat concession in the Western Desert encompasses around 7,340 acres.</p>

View Our Egypt Operations

Gabon

<p>Vaalco holds a 58.8% working interest in and operates the Etame Marin block, located offshore Gabon.</p>

View Our Gabon Operations

Equatorial Guinea

<p>Vaalco holds a 60% working interest in and is the operator of Block P, located offshore Equatorial Guinea. Block P contains the Venus field development opportunity, along with further material contingent and prospective resource.</p>

View Our Equatorial Guinea Operations

IR Contacts

Corporate Office

Vaalco Energy
2500 Citywest Blvd
Suite 400
Houston, TX 77042
T: +1 713 623 0801

Investor Relations

Al Petrie Advisors
(US Investor Relations)
T: +1 713-543-3422
apetrie@vaalco.com

Buchanan
(UK PR)
T: +44 (0) 207 466 5000
vaalco@buchanan.uk.com

Transfer Agent

Computershare
462 South 4th Street
Suite 1600
Louisville, KY 40202
T: +1 781-575-3100