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

Note 9 - Crude Oil and Natural Gas Properties and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

	*As of December 31, 2022*			*As of December 31, 2021*
	*(in thousands)*
Crude oil and natural gas properties and equipment - successful efforts method:
Wells, platforms and other production facilities	$	1,406,888		$	488,756
Work-in-progress		—			13,515
Undeveloped acreage		56,251			23,735
Equipment and other		38,796			23,478
		1,501,935			549,484
Accumulated depreciation, depletion, amortization and impairment		(1,006,663	)		(455,160	)
Net crude oil and natural gas properties, equipment and other	$	495,272		$	94,324