TIDMEGY

RNS Number : 3735X

Vaalco Energy Inc

20 December 2023

20 December 2023

VAALCO Energy, Inc.

("VAALCO" or the "Company")

Transaction in own shares

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces that, further to its announcements on November 1, 2022 and November 18, 2022 of the implementation of its share buyback program (the "Program"), the following transactions were made under the Program during the period December 11, 2023 to December 18, 2023.

 
 Transaction     Daily total          Daily weighted     Platform 
  date            volume (in number    average price 
                  of shares of         of common stock 
                  common stock)        acquired 
 December 11, 
  2023           50,000               4.3370             XNYS 
                ===================  =================  ========= 
 December 12, 
  2023           50,000               4.1429             XNYS 
                ===================  =================  ========= 
 December 13, 
  2023           50,000               4.2108             XNYS 
                ===================  =================  ========= 
 December 14, 
  2023           25,000               4.4849             XNYS 
                ===================  =================  ========= 
 December 15, 
  2023           24,664               4.4703             XNYS 
                ===================  =================  ========= 
 December 18, 
  2023           25,000               4.5683             XNYS 
                ===================  =================  =========

All transactions under the Program were made under ISIN US91851C2017 and effected by Roth Capital Partners LLC on behalf of the Company. A full breakdown of the individual trades is attached to this announcement, and can be viewed by clicking http://www.rns-pdf.londonstockexchange.com/rns/3735X_1-2023-12-19.pdf for the trades made on December 11, 2023, http://www.rns-pdf.londonstockexchange.com/rns/3735X_2-2023-12-19.pdf for the trades made on December 12, 2023, http://www.rns-pdf.londonstockexchange.com/rns/3735X_3-2023-12-19.pdf for the trades made on December 13, 2023, http://www.rns-pdf.londonstockexchange.com/rns/3735X_4-2023-12-19.pdf for the trades made on December 14, 2023, http://www.rns-pdf.londonstockexchange.com/rns/3735X_5-2023-12-19.pd for the trades made on December 15, 2023 and http://www.rns-pdf.londonstockexchange.com/rns/3735X_6-2023-12-19.pdf for the trades made on December 18, 2023. The purpose of the Program is to reduce the share capital of the Company.

Following the transactions referred to above, VAALCO has total issued share capital of 122,460,125 common shares, of which 17,006,385 common shares are held in treasury and 1,084,671 common shares are unvested common shares, which are subject to forfeiture. Therefore, the total voting rights in the Company following the transactions referred to above are 105,453,740.

About VAALCO

VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, USA based, independent energy company with production, development and exploration assets in Africa and Canada.

Following its business combination with TransGlobe in October 2022, VAALCO owns a diverse portfolio of operated production, development and exploration assets across Gabon, Egypt, Equatorial Guinea and Canada.

For Further Information

 
 VAALCO Energy, Inc. (General and 
  Investor Enquiries)                +00 1 713 623 0801 
 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) 20 7466 5000 
 Ben Romney / George Pope            VAALCO@buchanan.uk.com

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END

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December 20, 2023 02:00 ET (07:00 GMT)

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