Form: 10KSB40

Annual Report Form for Small Businesses that also have a Positive Response to Item 405

March 30, 2000

Documents

SUBSIDIARIES

Published on March 30, 2000



Exhibit 21.1



Date and State of
Subsidiary Name Business Ownership Incorporation
--------------- -------- --------- -----------------

VAALCO ENERGY (USA), INC. Energy 100% 10/16/96 Delaware
VAALCO Energy (Gabon), Inc. Energy 100% 6/14/95 Delaware
VAALCO Gabon (Etame), Inc. Energy 100% 6/14/95 Delaware
VAALCO Production (Gabon), Inc. Energy 100% 6/14/95 Delaware
Alcorn (Philippines), Inc. Energy 100% 2/28/86 Delaware
Alcorn (Production) Philippines,
Inc. Energy 100% 2/28/86 Delaware