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, 2024

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)		(per Bbl)
April 2024 - June 2024	Collars	Dated Brent		65,000	$	65.00	$	100.00
July 2024 - September 2024	Collars	Dated Brent		80,000	$	65.00	$	92.00

Schedule of Derivative Instruments [Table Text Block]

		*Three Months Ended March 31,*
Derivative Item	*Statements of Operations Line*	*2024*			*2023*
		*(in thousands)*
Commodity derivatives	Cash settlements paid on matured derivative contracts, net	$	(24	)	$	(59	)
	Unrealized gain (loss)		(823	)		80
	Derivative instruments gain (loss), net	$	(847	)	$	21

- 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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