VAALCO Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Derivatives and Fair Value (Tables)

Note 8 - Derivatives and Fair Value (Tables)

3 Months Ended

Mar. 31, 2023

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)

April 2023 - June 2023

Collars

Dated Brent

95,500

65.00

100.00

Settlement Period	*Type of Contract*	*Index*	*Average Monthly Volumes*		*Weighted Average Put Price*		*Weighted Average Call Price*
			(Bbls)		(per Bbl)		(per Bbl)
July 2023 - September 2023	Collars	Dated Brent		95,000	$	65.00	$	96.00

Schedule of Derivative Instruments [Table Text Block]

		*Three Months Ended March 31,*
Derivative Item	*Statements of Operations Line*	*2023*			*2022*
		*(in thousands)*
Commodity derivatives	Cash settlements paid on matured derivative contracts, net	$	(59	)	$	(12,500	)
	Unrealized gain (loss)		80			(19,258	)
	Derivative instruments gain (loss), net	$	21		$	(31,758	)

- 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.

+ References + Details