Form: SC 13G/A

Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

July 1, 2003

JOINT FILING AGREEMENT

Published on July 1, 2003


EXHIBIT A

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) promulgated under the Securities
Exchange Act of 1934, as amended, the persons named below agree to the joint
filing on behalf of each of them a Schedule 13G (including amendments thereto)
with regard to the common stock of Vaalco Energy, Inc., and further agree that
this Joint Filing Agreement be included as an Exhibit to such joint filing. In
evidence thereof, the undersigned, being duly authorized, hereby execute this
Joint Filing Agreement as of June 24, 2003.

AVOCET CAPITAL MANAGEMENT, L.P.

By: Blackpool Enterprises, LLC, its general
partner
By: Raymond S. Ingelby, its manager

By: /s/ James L. Boucherat
-----------------------------------------
James L. Boucherat
Attorney-in-Fact for Raymond S. Ingelby


AVOCET INVESTMENT PARTNERS, L.P.

By: Avocet Capital Management, L.P., its
general partner
By: Blackpool Enterprises, LLC, its general
partner
By: Raymond S. Ingelby, its manager

By: /s/ James L. Boucherat
-----------------------------------------
James L. Boucherat
Attorney-in-Fact for Raymond S. Ingelby


BLACKPOOL ENTERPRISES, LLC

By: Raymond S. Ingelby, its manager

By: /s/ James L. Boucherat
-----------------------------------------
James L. Boucherat
Attorney-in-Fact for Raymond S. Ingelby


RAYMOND S. INGELBY

By: /s/ James L. Boucherat
-----------------------------------------
James L. Boucherat
Attorney-in-Fact for Raymond S. Ingelby