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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Note 11 - Debt (Details Textual)

v3.23.3

Note 11 - Debt (Details Textual) $ in Thousands, $ in Millions			1 Months Ended
	May 16, 2025	May 16, 2022 USD ($)	Oct. 31, 2022 CAD ($)	Oct. 01, 2023 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Long-Term Debt, Total					$ 0	$ 0
The Facility [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 50,000
Line of Credit Facility, Additional Commitment in Maximum Borrowing Capacity, Yearly Decrease		$ 6,300
Line of Credit Facility, Commitment Fee Percentage, Commitments or Borrowing Base Exceeds Outstanding Utilizations		35.00%
Line of Credit Facility, Commitment Fee Percentage, Total Commitments Exceeds Borrowing Base		20.00%
Debt Instrument, Covenant, Maximum Total Net Debt to EBITDA		3
Debt Instrument, Covenant, Minimum Cash and Cash Equivalents		$ 10,000
Line of Credit Facility, Current Borrowing Capacity					50,000
Long-Term Line of Credit					0
The Facility [Member] \| Revolving Credit Facility [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		6.00%
The Facility [Member] \| Revolving Credit Facility [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate	6.25%
The Facility [Member] \| Revolving Credit Facility [Member] \| Subsequent Event [Member]
Line of Credit Facility, Remaining Borrowing Capacity				$ 43,800
ATB Financial [Member] \| TransGlobe [Member]
Repayments of Long-Term Lines of Credit			$ 4.1
Glencore [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 50,000

- Definition

The maximum total net debt to EBITDA allowed under the covenant of the debt instrument.

+ References

No definition available.

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- Definition

The minimum cash and cash equivalents required by the covenant of the debt instrument.

+ References

No definition available.

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- Definition

The amount of yearly decrease in additional commitment over the maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

No definition available.

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- Definition

The fee, expressed as a percentage of either the total commitments or borrowing base of the line of credit facility exceeds the outstanding utilization, for the line of credit facility regardless of whether the facility has been used.

+ References

No definition available.

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- Definition

The fee, expressed as a percentage of the total commitments of the line of credit facility exceeds the borrowing base, for the line of credit facility regardless of whether the facility has been used.

+ References

No definition available.

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- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

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- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References

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- Definition

Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility.

+ References

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

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- Definition

Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).

+ References

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- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

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- Definition

The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.

+ References

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