About VAALCO Energy

VAALCO Energy, Inc. is a Houston, Texas-based independent energy company principally engaged in the production, development, and acquisition of crude oil properties in the African region. VAALCO’s strategy is to increase reserves and production through the development and exploitation of international oil and natural gas properties. The Company’s properties are located offshore Gabon and Equatorial Guinea.

VAALCO Vision

Sustained growth in shareholder value by first maximizing our reserves and production performance at Etame and then growing by leveraging our in-house talent, operational infrastructure and technical expertise.

VAALCO Energy Corporate Values

• Focus on HSE
• Honesty/Integrity
• Treating People Fairly
• High Performance
• Efficient and Effective Processes
• Open Communication
• Respected in our Local Communities

Our Strategy

Our strategy is to utilize our technical expertise and operational infrastructure, with a focus on developing our Gabon resources, assessing our resource potential and development options in Equatorial Guinea and expanding into new development opportunities in West Africa. Our growth will come from a mixture of organic and inorganic opportunities.

We are committed to driving stockholder value by:

• Operating in a safe and environmentally responsible manner
• Increasing operational efficiency and minimizing costs
• Leveraging our existing infrastructure, technical expertise, and experience as a West Africa operator overseeing production facilities and major projects
• Pursuing development wells and workovers in the Etame Marin Block
• Progressing development options in Equatorial Guinea
• Acquiring discovered, underdeveloped and low-risk resources in Africa
• Evaluating value accretive merger and acquisition opportunities
• Enhancing margins and adding value