Investor Relations

Fully Funded and Entering an Ambitious Growth Phase

As an established operator with a proven track record in Africa, VAALCO Energy boasts a fully funded active work program. We focus on the acquisition, development and production of crude oil in West Africa, primarily offshore Gabon and Equatorial Guinea.

Recent Event

Third Quarter 2019 Financial Results Conference Call

Latest Financial Results

Q3 2019

Quarter Ended Sep 30, 2019

3,081

Produced an average of 3,081 barrels of oil per day ("BOPD"), net, within the Company's guidance range.

$4.5M

Reported Adjusted EBITDAX of $4.5 million.

$29.0M

Working Capital from Continuing Operations, excluding lease liabilities and discontinued operations, of $29.0 million.

For complete information regarding our financials, see our periodic filings

Latest Annual Report

For Fiscal Year Ending Dec 31, 2018

Stock Snapshot

Established Operator with a Proven Track Record in Africa

VAALCO Energy, Inc. is a Houston-based independent energy company principally engaged in the acquisition, development and production of crude oil. The Company's properties and acreage are located primarily in Gabon and Equatorial Guinea in West Africa.

VAALCO Energy at a Glance

12

Producing wells

30K

Processing capacity (bfpd)

1M

Storage capacity (bbls)

As of Dec. 31 2018 • 10-K 2018

Crude Oil Reserves in FY 2018

Proved developed reserves (MBbls)

Proved undeveloped reserves (MBbls)

Gabon Operations

The Etame PSC related to the Etame Marin block located offshore Gabon is our most significant asset and accounts for approximately 100% of our current revenues. The Etame Marin block is located 20 miles offshore, in roughly 250 feet of water, and covers an area of approximately 46,200 gross acres.

Our current net production is averaging approximately 3,752 BOPD, up from a 3,500 BOPD average for fiscal year 2017 as a result of the workovers performed in 2018.

Equatorial Guinea Operations

We have a 31% working interest in an undeveloped portion of a block offshore Equatorial Guinea that we acquired in 2012. We and our joint venture owners are evaluating the timing and budgeting for development and exploration activities under a development and production area in the block.

IR Contacts

Company

VAALCO Energy, Inc.
9800 Richmond Avenue
Suite 700
Houston, TX 77042
T: 713-623-0801
F: 713-623-0982
vaalco@vaalco.com

Investor Relations

Al Petrie Advisors
(US Investor Relations)
T: 713-543-3422
apetrie@vaalco.com

Buchanan
(UK PR)
T: +44 (0) 207 466 5000
VAALCO@buchanan.uk.com

Transfer Agent

Computershare
462 South 4th Street
Suite 1600
Louisville, KY 40202
T: 781-575-3100

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