Second Quarter 2022 Financial Results Conference Call

Aug 11, 2022 • 9:00 am CDT

Latest Financial Results

Q1 2022

Quarter Ended Mar 31, 2022


Increased Q1 2022 production by 7% to 8,051 net revenue interest (“NRI”)(2) barrels of crude oil per day (“BOPD”)


Increased Adjusted EBITDAX(1) by 49% quarter-over-quarter to $33.5 million in Q1 2022.


Maintained a strong balance sheet with no debt and an unrestricted cash balance of $18.9 million.

For complete information regarding our financials, see our periodic filings

Latest Annual Report

For Fiscal Year Ending Dec 31, 2021

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


Producing wells


Processing capacity (bfpd)


Storage capacity (bbls)

As of Dec. 31 2021 • 10-K 2021

Crude Oil Reserves in FY 2020

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 net production in the first quarter of 2022 averaged approximately 8,051 BOPD, up from a 7,119 BOPD average for fiscal year 2021 and nearly double the 4,853 BOPD average for fiscal year 2020.

Equatorial Guinea Operations

We have a 45.9% 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


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

Investor Relations

Al Petrie Advisors
(US Investor Relations)
T: 713-543-3422

T: +44 (0) 207 466 5000

Transfer Agent

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

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