Core Viewpoint - Vaalco Energy is an overlooked, debt-free oil producer with a unique production mix operating in offshore Africa, onshore Egypt, and Canada, offering a yield of 6.7% [1] Company Overview - Vaalco Energy operates in diverse geographical locations, including offshore Africa and onshore Egypt and Canada, which contributes to its unusual production mix [1] - The company is characterized as debt-free, which may enhance its financial stability and attractiveness to investors [1] Investment Potential - The company provides a yield of 6.7%, indicating potential for income generation for investors [1]

Unlocking Material Growth and Value Through Operational Excellence Significant Organic Catalysts for Re-Rating Capital Markets Day – 14 May 2025 Disclaimer Forward-Looking Statements Safe Harbor This presentation of Vaalco Energy, Inc. ("Vaalco") includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created ...

VAALCO Energy (EGY) 2025 Capital Markets Day May 14, 2025 09:00 AM ET Speaker0 You may submit questions throughout the event by clicking the ask a question box on your screen and submitting your question. Questions will be addressed after the formal presentation has ended. Please note this event is also being recorded. I would now like to turn the conference over to Mr. George Maxwell, Chief Executive Officer. Please go ahead, sir. Speaker1 Good morning, ladies and gentlemen, and welcome to Valkyrie Energy' ...

VAALCO Energy (EGY) , a U.S.-based independent exploration and production firm, has outlined its plans related to oil and gas development at Côte d’Ivoire and Gabon in Africa. During its first-quarter 2025 earnings release, the company mentioned multiple plans for oil and gas developments, including drilling activities at Block CI-40 in Côte d’Ivoire and an extensive drilling campaign in Gabon.EGY’s plans in Côte d’Ivoire involve the refurbishment of the floating production storage and offloading vessel (FP ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 1-32167 ______________________ VAALCO Energy, Inc. ( ...

VAALCO Energy (EGY) Q1 2025 Earnings Call May 09, 2025 10:00 AM ET Company Participants Chris Delange - Investor RelationsGeorge Maxwell - Chief Executive Officer and DirectorJeffrey Robertson - Managing DirectorStephane Foucaud - Founding PartnerChris Wheaton - Managing DirectorRonald Bain - Chief Financial Officer Operator Good morning, and welcome to VAALCO Energy's First Quarter twenty twenty five Conference Call. All participants will be in listen only mode. After today's presentation, there will be an ...

VAALCO Energy (EGY) Q1 2025 Earnings Call May 09, 2025 10:00 AM ET Company Participants Chris Delange - Investor RelationsGeorge Maxwell - Chief Executive Officer and DirectorJeffrey Robertson - Managing DirectorStephane Foucaud - Founding PartnerChris Wheaton - Managing DirectorRonald Bain - Chief Financial Officer Operator Good morning, and welcome to VAALCO Energy's First Quarter twenty twenty five Conference Call. All participants will be in listen only mode. After today's presentation, there will be an ...

Financial Data and Key Metrics Changes - In Q1 2025, the company reported a net income of $7.7 million or $0.7 per share, with adjusted EBITDAX of $57 million, driven by NRI production of 17,764 barrels of oil equivalent per day, exceeding guidance [5][6] - Working interest production was 22,402 barrels of oil equivalent, also at the high end of guidance, while NRI sales were 19,074 barrels of oil equivalent per day, matching guidance [5][6] - The unrestricted cash balance as of March 31, 2025, was $40.9 million, down approximately $40 million from year-end 2024, primarily due to elevated capital spending and state lifting bond payments [20] Business Line Data and Key Metrics Changes - The company has reduced its capital budget for 2025 by 10%, from a range of $270 million to $330 million down to $250 million to $300 million, while maintaining production and sales guidance unchanged [8][21] - In Egypt, five wells were drilled in Q1 2025, with an average initial production rate of about 120 barrels of oil per day, and further drilling is expected in Q2 [12][19] - In Gabon, production uptime has improved, and a drilling program is planned to begin in Q3 2025, with a focus on two wells to be drilled and one completed in 2025 [13][14] Market Data and Key Metrics Changes - The company is experiencing a decline in commodity pricing, prompting a reduction in discretionary capital spending and a delay of smaller projects [7][8] - The FPSO project in Cote D'Ivoire is on schedule, with significant development drilling expected to begin in 2026 [10][19] - The company has hedged 70,000 barrels of oil per month in Q2 with a floor price of $65, indicating a strategy to mitigate risks associated with commodity price fluctuations [23] Company Strategy and Development Direction - The company aims to operate efficiently, invest prudently, and maximize its asset base while seeking accretive opportunities [25] - Long-term projects like the FPSO in Cote D'Ivoire and drilling campaigns in Gabon are expected to enhance production and reserves, contributing to future growth [9][10] - The company is focused on delivering sustainable growth and strong results to fund capital programs while returning value to shareholders through dividends [26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the current macroeconomic environment's uncertainty due to softening commodity prices and emphasized the importance of maintaining operational excellence [6][7] - The company remains confident in its ability to execute plans and deliver on commitments, with a strong portfolio of organic projects expected to double its size and scale [24][25] - Management expressed optimism about the future, highlighting the diversified risk profile and multiple producing areas that will provide income for years to come [26] Other Important Information - The company has not had a lost time incident in 2024 and 2025, achieving over 4.3 million man hours without an incident, reflecting a strong commitment to safety [13] - The company plans to provide more details about its growth opportunities during the upcoming Capital Markets Day [24][60] Q&A Session Summary Question: Can you comment on the production profile at Gabon over the back half of 2025? - Management indicated no significant planned downtime related to the drilling program for 2025, with a slight uptick in production expected towards the end of Q4 [29] Question: Will the third quarter be the lowest quarter of the year for production? - Management confirmed that the third quarter is expected to be the lowest due to planned preventative maintenance downtime [30] Question: Can you discuss the development drilling campaign in Cote D'Ivoire for 2026? - Management stated that the Phase five drilling is scheduled to start mid-year 2026, with the operator actively working on securing a rig [32] Question: How would you prioritize projects if oil prices remain low? - Management explained that projects enhancing production through existing facilities are prioritized, with the Equatorial Guinea project being the most attractive due to its favorable terms [36][37] Question: How does the Aburi well's performance compare to expectations? - Management noted that the well's performance exceeded expectations, providing confidence in the redevelopment plans for Aburi [40][42] Question: Can you provide insights on working capital swings later in the year? - Management clarified that the state lift in February drove the working capital outflow in Q1, but future state lifts are not expected until 2026, indicating potential improvement in working capital [45][49] Question: Has the receivable issue in Egypt been resolved? - Management confirmed that the majority of the aged receivables have been collected, and the company is on track to meet its contractual requirements with the Egyptian government [51][55]

Q1 2025 Supplemental Information Profitably and Sustainably Growing Value May 2025 Q1 2025 Supplemental Information: Profitably and Sustainably Growing Value May 2025 Safe Harbor Statement Forward Looking Statements This presentation of Vaalco Energy, Inc. ("Vaalco") includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the ...

Exhibit 99.1 VAALCO ENERGY, INC. ANNOUNCES FIRST QUARTER 2025 RESULTS HOUSTON – May 8, 2025 - VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("Vaalco" or the "Company") today reported operational and financial results for the first quarter of 2025. First Quarter 2025 Highlights and Recent Key Items: George Maxwell, Vaalco's Chief Executive Officer commented, "We delivered another successful quarter, once again meeting or exceeding our guidance. Sales for the first quarter were toward the high end of guidance and ...