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

Note 7 - Crude Oil and Natural Gas Properties and Equipment (Tables)

6 Months Ended

Jun. 30, 2022

	*As of June 30, 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	$	528,328		$	488,756
Work-in-progress		42,954			13,515
Undeveloped acreage		23,735			23,735
Equipment and other		23,695			23,478
		618,712			549,484
Accumulated depreciation, depletion, amortization and impairment		(466,994	)		(455,160	)
Net crude oil and natural gas properties, equipment and other	$	151,718		$	94,324