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

Annual report pursuant to Section 13 and 15(d)

Note 10 - Derivatives and Fair Value (Tables)

Note 10 - Derivatives and Fair Value (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Settlement Period

Type of Contract

Index

Average Monthly Volumes

Weighted Average Put Price

Weighted Average Call Price

(Bbls)

(per Bbl)

January 2023 to March 2023

Collars

Dated Brent

101,000

65.00

120.00

Settlement Period	Type of Contract	Index	Average Monthly Volumes		Weighted Average Put Price		Weighted Average Call Price
			(Bbls)		(per Bbl)		(per Bbl)
April 2023 to June 2023	Collars	Dated Brent		95,500	$	65.00	$	100.00
July 2023 to September 2023	Collars	Dated Brent		95,500	$	65.00	$	96.00

Schedule of Derivative Instruments [Table Text Block]

		*Year Ended December 31,*
Derivative Item	*Statement of Operations Line*	*2022*			*2021*			*2020*
		*(in thousands)*
Commodity derivatives	Cash settlements paid on matured derivative contracts, net	$	(42,935	)	$	(18,020	)	$	7,216
	Unrealized gain (loss)		5,123			(4,806	)		(639	)
	Derivative instruments gain (loss), net	$	(37,812	)	$	(22,826	)	$	6,577

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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+ Details