Form: 10KSB40

Annual Report Form for Small Businesses that also have a Positive Response to Item 405

April 2, 2001

Documents

SUBSIDIARIES

Published on April 2, 2001



Exhibit 21.1




Subsidiary Name Business Ownership Date and State of Incorporation
- --------------- -------- --------- -------------------------------

VAALCO ENERGY (USA), INC. Energy 100% 10/16/96 Delaware
VAALCO Energy (Gabon), Inc. Energy 100% 6/14/95 Delaware
VAALCO Gabon (Etame), Inc. Energy 100% 6/14/95 Delaware
VAALCO Production (Gabon), Inc. Energy 100% 6/14/95 Delaware
Alcorn (Philippines), Inc. Energy 100% 2/28/86 Delaware
Alcorn (Production) Philippines, Inc. Energy 100% 2/28/86 Delaware