VAALCO Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

Segment Information (Tables)

12 Months Ended

Dec. 31, 2012


2012	Gabon		Angola			Equatorial Guinea			North Sea			USA			Corporate and Other			Total
Revenues	$	192,489	$	—		$	—		$	—		$	2,798		$	—		$	195,287
Depreciation, depletion and amortization		15,954		28			—			—			3,872			59			19,913
Operating income (loss)		147,985		(3,293	)		(754	)		(281	)		(48,940	)		(8,124	)		86,593
Interest income		60		(1	)		—			—			—			86			145
Income taxes		81,813		—			—			—			—			—			81,813
Bad debt expenses		—		1,621			—			—			—			—			1,621
Impairment of proved properties		—		—			—			—			7,620			—			7,620
Additions to properties and equipment		22,731		—			10,000			—			13,558			77			46,366
Long lived assets		71,225		10,938			10,000			—			14,279			166			106,608
Total assets		190,652		11,405			10,000			—			17,314			38,585			267,956

2011	Gabon		Angola			Equatorial Guinea			North Sea			USA			Corporate and Other			Total
Revenues	$	208,781	$	—		$	—		$	—			1,655		$	—		$	210,436
Depreciation, depletion and amortization		23,604		20			—			—			1,922			50			25,596
Operating income (loss)		155,550		(6,221	)		—			(382	)		(7,680	)		(8,706	)		132,561
Interest income		80		—			—			—			—			104			184
Income taxes		93,468		—			—			—			—			—			93,468
Bad debt expenses		—		4,448			—			—			—			—			4,448
Impairment of proved properties		—		—			—			—			4,975			—			4,975
Additions to properties and equipment		8,528		7			—			—			24,371			60			32,966
Long lived assets		68,965		10,964			—			—			19,772			147			99,848
Total assets		185,341		21,452			—			—			22,236			45,986			275,015

2010	Gabon		Angola			Equatorial Guinea			North Sea			USA			Corporate and Other			Total
Revenues	$	134,346	$	—		$	—		$	—			126		$	—		$	134,472
Depreciation, depletion and amortization		19,946		16			—			—			11			48			20,021
Operating income (loss)		85,594		(2,846	)		—			(425	)		(387	)		(3,813	)		78,123
Interest income		85		—			—			—			—			66			151
Income taxes		35,260		—			—			—			—			—			35,260
Additions to properties and equipment		38,082		27			—			—			2,260			83			40,452
Total assets		181,642		14,081			—			—			3,189			39,488			238,400

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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