Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 100,465 $ 130,800
Restricted cash 2,180 1,257
Receivables:    
Trade 486 7,961
Accounts with partners, net of allowance of $7.4 million and $6.0 million at September 30, 2013 and December 31, 2012, respectively 4,799 689
Other 10,527 4,463
Crude oil inventory 3,503 683
Materials and supplies 224 337
Prepayments and other 4,689 2,935
Total current assets 126,873 149,125
Property and equipment—successful efforts method:    
Wells, platforms and other production facilities 204,903 188,208
Undeveloped acreage 23,945 28,657
Work in progress 66,737 38,137
Equipment and other 6,512 7,574
Property, plant and equipment, gross, Total 302,097 262,576
Accumulated depreciation, depletion and amortization (167,528) (155,968)
Net property and equipment 134,569 106,608
Other assets:    
Deferred tax asset 1,349 1,349
Restricted cash 10,830 10,874
Total Assets 273,621 267,956
Current liabilities:    
Accounts payable and accrued liabilities 35,563 30,326
Accounts with partners 4,885 14,737
Total current liabilities 40,448 45,063
Asset retirement obligations 11,298 10,368
Total Liabilities 51,746 55,431
Commitments and Contingencies (Note 4)      
VAALCO Energy, Inc. shareholders’ equity:    
Common stock, $0.10 par value, 100,000,000 authorized shares, 63,308,938 and 63,135,772 shares issued with 7,022,808 and 5,257,638 shares in treasury at September 30, 2013 and December 31, 2012, respectively 6,331 6,314
Additional paid-in capital 52,133 48,816
Retained earnings 198,066 181,370
Less treasury stock, at cost (34,655) (23,975)
Total VAALCO Energy, Inc. shareholders’ equity 221,875 212,525
Total Liabilities and Equity $ 273,621 $ 267,956