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

Note 15 - Accrued Liabilities and Other

12 Months Ended

Dec. 31, 2022

15. CURRENT ACCRUED LIABILITIES AND OTHER

Accrued liabilities and other balances were comprised of the following:

	*As of December 31, 2022*		*As of December 31, 2021*
	*(in thousands)*
Accrued accounts payable invoices	$	28,360	$	11,967
Gabon DMO, PID and PIH obligations		10,509		9,465
Derivative liability - crude oil swaps		—		4,806
Capital expenditures		26,618		11,327
Stock appreciation rights – current portion		570		609
Accrued wages and other compensation		8,161		2,124
ARO Obligation		306		6,745
Egypt Modernization Payments		9,933		—
Other		6,935		2,401
Total accrued liabilities and other	$	91,392	$	49,444