VAALCO Energy, Inc. Announces Agreement to Divest Non-Core Asset

Core Viewpoint - Vaalco Energy, Inc. has announced the sale of its non-core producing properties in Canada for approximately CAD 35.0 million (USD 25.6 million), with the effective date being February 1, 2026, and expected closure within 30 days, subject to customary conditions [1][2] Financial Summary - The Canadian properties have a current working interest production of approximately 1,850 barrels of oil equivalent per day (BOEPD) [1] - The sale price of CAD 35.0 million is equivalent to 2.7 times the trailing 12 months operational cash flow of approximately USD 9.7 million for the Canadian assets [2][10] Strategic Focus - The company aims to concentrate on its core assets that present significant drilling campaigns and growth potential, having generated CAD 82 million (USD 64 million) in operational cash flow since the acquisition of the Canadian assets [2] - The decision to sell the Canadian assets is aligned with the company's strategy to focus on high-quality assets with substantial development opportunities [2] Company Background - Vaalco Energy, Inc. is an independent energy company based in Houston, Texas, with a diverse portfolio of production, development, and exploration assets across several countries including Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria [3]