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

Annual report pursuant to Section 13 and 15(d)

SCHEDULE I - PARENT COMPANY FINANCIAL STATEMENT- CONSOLIDATED BALANCE SHEETS (Details)

SCHEDULE I - PARENT COMPANY FINANCIAL STATEMENT- CONSOLIDATED BALANCE SHEETS (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 69,051	$ 130,529	$ 130,800	$ 137,139
Restricted cash	1,584	12,366
Receivables:
Other, net of allowance of $2.4 million in 2014, and zero in 2013	3,285us-gaap_OtherAssetsCurrent	4,435us-gaap_OtherAssetsCurrent
Prepayments and other	6,509us-gaap_PrepaidExpenseAndOtherAssets	2,339us-gaap_PrepaidExpenseAndOtherAssets
Total current assets	113,050us-gaap_AssetsCurrent	167,464us-gaap_AssetsCurrent
Property and equipment - successful efforts method:
Equipment and other	11,907us-gaap_PropertyPlantAndEquipmentOther	6,831us-gaap_PropertyPlantAndEquipmentOther
Property, plant and equipment, gross, Total	397,838us-gaap_PropertyPlantAndEquipmentGross	310,726us-gaap_PropertyPlantAndEquipmentGross
Accumulated depreciation, depletion and amortization	(289,714)	(172,202)
Net property and equipment	108,124us-gaap_PropertyPlantAndEquipmentNet	138,524us-gaap_PropertyPlantAndEquipmentNet
Other assets:
Restricted cash	20,830	830
Deferred tax asset	1,349us-gaap_DeferredTaxAssetsNetNoncurrent	1,349us-gaap_DeferredTaxAssetsNetNoncurrent
Total Assets	248,849us-gaap_Assets	308,167us-gaap_Assets	267,956us-gaap_Assets
Current liabilities:
Accounts payable and accrued liabilities	38,540	42,561
Total current liabilities	38,540us-gaap_LiabilitiesCurrent	45,829us-gaap_LiabilitiesCurrent
Long term debt	15,000us-gaap_LongTermDebtNoncurrent
Total liabilities	68,386us-gaap_Liabilities	57,293us-gaap_Liabilities
VAALCO Energy Inc. shareholders’ equity:
Common stock, $0.10 par value, 100,000,000 authorized shares, 65,194,828 and 64,012,914 shares issued with 7,393,714 and 7,162,573 shares in treasury at Dec. 31, 2014 and 2013, respectively	6,519us-gaap_CommonStockValue	6,408us-gaap_CommonStockValue
Additional paid-in capital	64,351	55,455
Retained earnings	146,892	224,442
Less treasury stock, at cost	(37,299)us-gaap_TreasuryStockValue	(35,431)us-gaap_TreasuryStockValue
Total Equity	180,463	250,874	212,525	233,067
Total Liabilities and Equity	248,849	308,167
VAALCO ENERGY, INC.
Current assets:
Cash and cash equivalents	3,780	8,605	26,801	54,273
Restricted cash		10,000
Receivables:
Other, net of allowance of $2.4 million in 2014, and zero in 2013	264	7
Prepayments and other	505	89
Total current assets	4,549	18,701
Property and equipment - successful efforts method:
Equipment and other	1,316	500
Property, plant and equipment, gross, Total	1,316	500
Accumulated depreciation, depletion and amortization	(442)	(348)
Net property and equipment	874	152
Other assets:
Restricted cash	10,000
Deferred tax asset	1,349	1,349
Investment in Subsidiaries	166,232	233,061
Total Assets	183,004	253,263
Current liabilities:
Accounts payable and accrued liabilities	2,541	2,389
Total current liabilities	2,541	2,389
Total liabilities	2,541	2,389
VAALCO Energy Inc. shareholders’ equity:
Common stock, $0.10 par value, 100,000,000 authorized shares, 65,194,828 and 64,012,914 shares issued with 7,393,714 and 7,162,573 shares in treasury at Dec. 31, 2014 and 2013, respectively	6,519	6,408
Additional paid-in capital	64,351	55,455
Retained earnings	146,892	224,442
Less treasury stock, at cost	(37,299)	(35,431)
Total Equity	180,463	250,874
Total Liabilities and Equity	$ 183,004	$ 253,263