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)

6 Months Ended

Jun. 30, 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)

July 2023 - September 2023

Collars

Dated Brent

95,000

65.00

96.00

Schedule of Derivative Instruments [Table Text Block]

		*Three Months Ended June 30,*						*Six Months Ended June 30,*
Derivative Item	*Statements of Operations Line*	*2023*			*2022*			*2023*			*2022*
		(in thousands)						(in thousands)
Commodity derivatives	Cash settlements paid on matured derivative contracts, net	$	(4	)	$	(21,059	)	$	(63	)	$	(33,559	)
	Unrealized gain (loss)		35			11,517			115			(7,741	)
	Derivative instruments gain (loss), net	$	31		$	(9,542	)	$	52		$	(41,300	)

- 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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