Exhibit 99.1 VAALCO ENERGY, INC. ANNOUNCES SECOND QUARTER 2024 RESULTS HOUSTON – August 6, 2024 - VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and financial results for the second quarter of 2024. Second Quarter 2024 Highlights and Recent Key Items: ● Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB ("Svenska") for a net purchase price of $40.2 million; ● Updated third-party reserve engineer's calculation of proved reserves as ...

Jeremy Poland VAALCO Energy (NYSE:EGY) reported the second quarter results. The accounting for the Svenska acquisition resulted in a one-time gain of nearly $20 million reported for the second quarter. This is known as a gain in purchase. Supposedly the acquisition is just so good that the company is forced to report a gain on the purchase. Along with that came the news that the SEC reserves were roughly a couple of million barrels better than expected for the acquisition. Along with this was a surprise ann ...

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today reported operational and financial results for the second quarter of 2024. Second Quarter 2024 Highlights and Recent Key Items: Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB ("Svenska") for a net purchase price of $40.2 million; Updated third-party reserve engineer's calculation of proved reserves as of December 31, 2023 for Svenska that shows significant in ...

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today reported operational and financial results for the second quarter of 2024. Second Quarter 2024 Highlights and Recent Key Items: Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB ("Svenska") for a net purchase price of $40.2 million; Updated third-party reserve engineer's calculation of proved reserves as of December 31, 2023 for Svenska that shows significant in ...

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") declared its quarterly cash dividend of $0.0625 per share of common stock for the third quarter of 2024 ($0.25 annualized), which is payable on September 20, 2024, to stockholders of record at the close of business on August 23, 2024. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwel ...

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") declared its quarterly cash dividend of $0.0625 per share of common stock for the third quarter of 2024 ($0.25 annualized), which is payable on September 20, 2024, to stockholders of record at the close of business on August 23, 2024. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwel ...

Moreover, EGY is currently trading at 93.8% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 ...

About VAALCO For Further Information HOUSTON, July 29, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today announced that it has posted the recording of a recent interview with its Chief Executive Officer and Director, George Maxwell, on its web site, www.vaalco.com, on the "News and Events" page under the "Investor Relations" tab. Mr. Maxwell recently presented an overview of VAALCO and engaged in a detailed question and answer session hosted by Jasper Wijk, ...

For Further Information VAALCO Energy, Inc. (General and Investor Enquiries) +00 1 713 543 3422 | --- | --- | --- | --- | |----------------------------|--------------------------------------------|-------|------------------------| | | | | | | Website: | | | www.vaalco.com | | | Al Petrie Advisors (US Investor Relations) | | +00 1 713 543 3422 | | Al Petrie / Chris Delange | | | | | Buchanan (UK Financial PR) | | | +44 (0) 207 466 5000 | | Ben Romney / Barry Archer | | | VAALCO@buchanan.uk.com | HOUSTON, Jul ...

HOUSTON, July 26, 2024 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))) ("VAALCO" or the "Company") today announced the timing of its second quarter 2024 earnings release and conference call. Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participate toll-free by dialing 08082389064. Other international parties may dial (412) 317-5741. Participants should ask to be joined to the "VAALCO Energy Second Qua ...