Investor Relations

Latest Financial Results

Mar 13, 2025 • 8:25 PM EDT

FY 2024 Year End Results

Fiscal Year Ended Dec 31, 2024

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$303.0M
Generated record Adjusted EBITDAX(1)* of $303.0 million in FY 2024
19,936

Grew production in 2024 by 7% year-over-year to 19,936 NRI(2) BOEPD, at the midpoint of the Company's increased guidance; WI(3) production of 24,738 BOEPD

$82.6M

At the end of the fourth quarter of 2024, Vaalco had an unrestricted cash balance of $82.6 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 attached table under “Non-GAAP Financial Measures.”

2.All NRI sales and 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: Q4 2024 Earning Press Release

For complete information regarding our financials, see our periodic filings

* Non-GAAP Financial Measures. View full reconciliation in our Q4 earnings press release.

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VAALCO Energy, Inc. Announces Fourth Quarter and Record Full Year 2024 Financial and Operating Results and Year-End 2024 Reserves
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Q4 2024 Supplemental Information
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Fourth Quarter and Full Year 2024 Financial Results Conference Call
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Latest Financial Results

FY 2024

Fiscal Year Ended Dec 31, 2024

View All Financial Results
$303.0M
Generated record Adjusted EBITDAX(1)* of $303.0 million in FY 2024
19,936

Grew production in 2024 by 7% year-over-year to 19,936 NRI(2) BOEPD, at the midpoint of the Company's increased guidance; WI(3) production of 24,738 BOEPD

$82.6M

At the end of the fourth quarter of 2024, Vaalco had an unrestricted cash balance of $82.6 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 attached table under “Non-GAAP Financial Measures.”

2.All NRI sales and 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: Q4 2024 Earning Press Release


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

* Non-GAAP Financial Measures. View full reconciliation in our Q4 earnings press release.

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2024

View 10-K

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.

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Vaalco Energy at a Glance

1985

Founded

5

Areas of Operation

24,738 BOEPD

Working Interest Production

As of Dec. 31, 2024 • 2024 Annual Report

Crude Oil Reserves in FY 2024

Net Proved Reserves

(in millions of BOE)

YearNet SEC Proved Reserves
202111,200,000
202227,900,000
202328,600,000
202445,000,000

As of Dec. 31, 2024 • 2024 Annual Report

MMBOE - Millions Of Barrels Of Oil Equivalent

Working Interest Production

(in barrels of oil equivalent)

YearVolume
20218,734
202212,177
202323,946
202424,738

As of Dec. 31, 2024 • 2024 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

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

View Our Canada Operations

Côte d'Ivoire

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.

View Our Côte d'Ivoire Operations

Egypt

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.

View Our Egypt Operations

Gabon

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

View Our Gabon Operations

Equatorial Guinea

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.

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