VAALCO Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2014

Commitments And Contingencies Disclosure [Abstract]

Estimated Obligations and Companies Share for the Annual Charter Payment

The estimated obligations for the annual charter payment and the Company’s share of the charter payments through the end of the charter are as follows: (in thousands)

Year	Full Charter Payment		Company Share
2015	$	25,843	$	7,255
2016		25,843		7,255
2017		25,843		7,255
2018		25,843		7,255
2019		25,843		7,255
Thereafter		25,914		7,275
Total	$	155,129	$	43,550

Operating Lease Obligations for Rentals

In addition to the FPSO, the Company has operating lease obligations for rentals as follows: (in thousands)

Year	Gross Obligation		Company Share
2015	$	90,935	$	36,812
2016		36,607		10,594
2017		441		441
2018		408		408
2019		407		407
Thereafter		340		340
Total	$	129,138	$	49,002