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)

9 Months Ended

Sep. 30, 2022

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)

October 2022 to December 2022

Collars

Dated Brent

109,000

70.00

122.00

Settlement Period		*Type of Contract*		*Index*		*Average Monthly Volumes*		*Weighted Average Put Price*		*Weighted Average Call Price*
January 2023 to March 2023		Collars		Dated Brent		101,000		$ 65.00		$ 120.00

Schedule of Derivative Instruments [Table Text Block]

		*Three Months Ended September 30,*						*Nine Months Ended September 30,*
Derivative Item	*Statement of Operations Line*	*2022*			*2021*			*2022*			*2021*
		*(in thousands)*
Commodity derivatives	Cash settlements paid on matured derivative contracts, net	$	(9,124	)	$	(4,186	)	$	(42,683	)	$	(10,189	)
	Unrealized gain (loss)		12,902			(961	)		5,161			(10,881	)
	Derivative instruments gain (loss), net	$	3,778		$	(5,147	)	$	(37,522	)	$	(21,070	)

- 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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+ Details