Company Research Report: Vaalco Energy, Inc.

Company Overview

• Name: Vaalco Energy, Inc.

• Mission: To maximize production performance and leverage in-house talent, operational infrastructure, and technical expertise. Committed to sustainable development and operational excellence while delivering reliable energy solutions with a focus on Africa.

• Founded: 1985

• Founders: No information is available.

• Key People:

• George Maxwell - Chief Executive Officer and Director

• Thor Pruckl - Chief Operating Officer

• Ronald Bain - Chief Financial Officer

• Matthew Powers - Executive Vice President and General Counsel

• Lisa Ruiz - VP Global Human Resources

• Ed Cozens - VP Commercial & Strategic Planning

• Toufic Nassif - VP Corporate & Government Affairs

• Board of Directors:

• Andrew L. Fawthrop (Chairman)

• Edward LaFehr

• George Maxwell

• Fabrice Nze-Bekale

• Cathy Stubbs

• Headquarters: Houston, Texas, USA

• Number of Employees: 189

• Revenue: No information is available.

• Known for: Independent exploration and production energy company focusing on operational excellence and sustainable practices with assets in Africa and Canada.

Products

• Product Offerings: Vaalco owns and operates a diverse portfolio of oil and gas production, development, and exploration assets.

• Key Features:

• Production Assets: Includes fields in Gabon, Côte d'Ivoire, Equatorial Guinea, Egypt, Canada, and a recent acquisition in Nigeria.

• Exploration and Development: Focus on maximizing reserves and production growth with projects in the Venus field in Equatorial Guinea and development plans in other regions.

• High-Level Product Description: Oil and gas exploration, production, and development activities with a focus on African assets. The company leverages technical and commercial expertise to develop resources sustainably.

Recent Developments

• Milestone Project (February 2025): Announced FPSO refurbishment project in Côte d’Ivoire, milestone achieved in its Baobab Field maintenance.

• Future production continuity planned till at least 2038 subject to regulatory approvals.

• Strategic objectives to maintain highest safety standards during transition.

• Record Production (January 2025): Achieved record sales volumes in 2024, between 24,100 to 24,600 working interest BOEPD.

• Focused on maximizing value and generating strong operational cash flow.

• Drilling Campaign (December 2024): Secured rig for the 2025/2026 drilling campaign in Gabon.

• Plans to drill multiple wells in the Etame field in Gabon, including a focus on the SEENT platform and Ebouri field workovers.

• Investor Engagement (November 2024): Participated in Water Tower Research Fireside Chat to discuss future development plans and operational portfolio growth.

• New Acquisitions: Recently acquired Svenska oil field in Côte d'Ivoire, demonstrating a commitment to growth.

This report provides an in-depth look at Vaalco Energy, focusing on its core operations, recent achievements, strategic goals, and leadership, without additional commentary.