<SEC-DOCUMENT>0001562762-19-000247.txt : 20190916
<SEC-HEADER>0001562762-19-000247.hdr.sgml : 20190916
<ACCEPTANCE-DATETIME>20190916145520
ACCESSION NUMBER:		0001562762-19-000247
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190916
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190916
DATE AS OF CHANGE:		20190916

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VAALCO ENERGY INC /DE/
		CENTRAL INDEX KEY:			0000894627
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				760274813
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32167
		FILM NUMBER:		191094463

	BUSINESS ADDRESS:	
		STREET 1:		9800 RICHMOND AVE.
		STREET 2:		SUITE 700
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77042
		BUSINESS PHONE:		713-623-0801

	MAIL ADDRESS:	
		STREET 1:		9800 RICHMOND AVE.
		STREET 2:		SUITE 700
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77042
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>egy-20190916x8k.htm
<DESCRIPTION>8-K
<TEXT>
<!--HTML document created with Certent Disclosure Management 6.32.0.1-->
<!--Created on: 9/16/2019 12:49:40 PM-->
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		<title>
			Form 8-K - ITF and Updated Investor Deck
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;">
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			<a name="_GoBack"></a><font style="display: inline;color:#000000;font-size:2pt;">&nbsp;</font>
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		<p style="margin:4pt 0pt 0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 14pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">UNITED STATES </font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 14pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">SECURITIES AND EXCHANGE COMMISSION </font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 14pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">Washington, D.C. 20549 </font>
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		<p style="margin:0pt 0pt 2pt;border-bottom:1pt solid #000000 ;text-align:center;font-family:Times New Roman;color:#000000;font-size: 12pt">
			<font style="display: inline;color:#000000;">&nbsp; &nbsp;</font>
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		<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 18pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:18pt;">FORM 8-K </font><font style="display: inline;color:#000000;font-size:18pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 2pt;border-bottom:1pt solid #000000 ;text-align:center;font-family:Times New Roman;color:#000000;font-size: 12pt">
			<font style="display: inline;color:#000000;">&nbsp; &nbsp;</font>
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		<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">CURRENT REPORT </font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Pursuant to Section&nbsp;13 or 15(d) </font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">of the Securities Exchange Act of 1934 </font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Date of Report (D</font><font style="display: inline;font-weight:bold;color:#000000;">a</font><font style="display: inline;font-weight:bold;color:#000000;">te of earliest reported): September</font><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;">1</font><font style="display: inline;font-weight:bold;color:#000000;">6</font><font style="display: inline;font-weight:bold;color:#000000;">, 2019</font><font style="display: inline;color:#000000;"> &nbsp; </font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 24pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:24pt;">VAALCO Energy, Inc. </font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">(Exact name of registrant as specified in its charter) </font><font style="display: inline;color:#000000;">&nbsp; &nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 12pt">
			<font style="display: inline;color:#000000;">&nbsp; &nbsp;</font>
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					<p style="margin:0pt;font-family:Times New Roman;color:#000000;height:3.00pt;font-size: 1pt">
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Delaware</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">001-32167</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
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						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">76-0274813</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">(State or other jurisdiction</font></p>
					<p style="margin:0pt 0pt 1pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">of incorporation)</font></p>
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						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">(Commission</font></p>
					<p style="margin:0pt 0pt 1pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">File Number)</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">(IRS Employer</font></p>
					<p style="margin:0pt 0pt 1pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Identification No.)</font></p>
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			</tr>
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					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">&#xFEFF;</font></p>
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				<td colspan="2" valign="middle" style="width:33.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;overflow: hidden;font-size:0pt;">
						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt 0pt 1pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">9800 Richmond Avenue, Suite 700</font></p>
					<p style="margin:0pt 0pt 1pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Houston, Texas</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="bottom" style="width:32.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">77042</font></p>
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				<td colspan="3" valign="top" style="width:67.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">(Address of principal executive offices)</font></p>
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				<td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">(Zip Code)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 8pt">
			<font style="display: inline;color:#000000;font-size:8pt;">&#xFEFF; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Registrant&#x2019;s telephone number, including area code: (713)&nbsp;623-0801 </font>
		</p>
		<p style="margin:6pt 0pt 0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Not Applicable </font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 8pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">(Former Name or former address if changed since last report.) </font>
		</p>
		<p style="margin:0pt 0pt 2pt;border-bottom:1pt solid #000000 ;text-align:center;font-family:Times New Roman;color:#000000;font-size: 12pt">
			<font style="display: inline;color:#000000;">&nbsp; &nbsp;</font>
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		<p style="margin:12pt 0pt 0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 6pt">
			<font style="display: inline;color:#000000;font-size:6pt;">&nbsp; &nbsp;</font>
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		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
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					<p style="margin:0pt;font-family:Times New Roman;color:#000000;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
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				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-family:MS Mincho;color:#000000;font-size:10pt;">&#x2610;</font></p>
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				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></p>
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					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-family:MS Mincho;color:#000000;font-size:10pt;">&#x2610;</font></p>
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				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
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				<td valign="top" style="width:18.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-family:MS Mincho;color:#000000;font-size:10pt;">&#x2610;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:18.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-family:MS Mincho;color:#000000;font-size:10pt;">&#x2610;</font></p>
				</td>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Securities registered pursuant to Section 12(b) of the Act:</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:32.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 3.6pt 0pt 3.6pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;height:1.00pt;overflow:hidden;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:26.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 3.6pt 0pt 3.6pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:40.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 3.6pt 0pt 3.6pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:32.42%;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 3.6pt 0pt 3.6pt;height:14.00pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Title of each class</font></p>
				</td>
				<td valign="bottom" style="width:26.78%;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 3.6pt 0pt 3.6pt;height:14.00pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Trading Symbol(s)</font></p>
				</td>
				<td valign="bottom" style="width:40.80%;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 3.6pt 0pt 3.6pt;height:14.00pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Name of each exchange on which registered</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:32.42%;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 3.6pt 0pt 3.6pt;height:14.00pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Common Stock, par value $0.10</font></p>
				</td>
				<td valign="bottom" style="width:26.78%;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 3.6pt 0pt 3.6pt;height:14.00pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">EGY</font></p>
				</td>
				<td valign="bottom" style="width:40.80%;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 3.6pt 0pt 3.6pt;height:14.00pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">New York Stock Exchange</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">Indicate by check mark whether the registrant is an&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">emerging</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">growth</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12</font><font style="display: inline;color:#000000;font-size:10pt;">b-2of this chapter).</font>
		</p>
		<p style="margin:0pt;text-align:right;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">Emerging</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">growth</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;company&nbsp;</font><font style="display: inline;font-family:MS Mincho;color:#000000;font-size:10pt;">&#x2610;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">If an&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">emerging</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">growth</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;</font><font style="display: inline;font-family:MS Mincho;color:#000000;font-size:10pt;">&#x2610;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;color:#000000;;font-size: 10pt"><font style="display: inline;font-family:MS Mincho;color:#000000;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 7.01</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">&nbsp;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Regulation FD Disclosure</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">On September 16</font><font style="display: inline;color:#000000;font-size:10pt;">, 2019, VAALCO Energy, Inc. (the &#x201C;Company) issued a press release announcing the Company&#x2019;s</font><font style="display: inline;color:#000000;font-size:10pt;"> intention to list on the Main Market of the London Stock Exchange.&nbsp; </font><font style="display: inline;color:#000000;font-size:10pt;">A copy of the Company&#x2019;s press release is furnished as Exhibit 99.1</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">to this Current Report on Form 8-K.</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">On September 16, 2019, </font><font style="display: inline;color:#000000;font-size:10pt;">the </font><font style="display: inline;color:#000000;font-size:10pt;">Company</font><font style="display: inline;color:#000000;font-size:10pt;"> also</font><font style="display: inline;color:#000000;font-size:10pt;"> posted an updated investor presentation to the Company&#x2019;s website. The updated presentation can be found at </font><font style="display: inline;font-size:10pt;">www.vaalco.com</font><font style="display: inline;color:#000000;font-size:10pt;"> under the &#x201C;Webcasts/Presentations&#x201D; section on the &#x201C;Investor Relations&#x201D; page. Information on the Company&#x2019;s website does not constitute a part of this Current Report on Form 8-K.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">The information set forth in this Item 7.01 and in the attached Exhibit 99.1 shall not be deemed &#x201C;filed&#x201D; for purposes</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">of Section 18 of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;), or otherwise subject to the</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">liabilities of that section, or incorporated by reference into any filing under the Securities Act of 1933, as amended, or the</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">Exchange Act, except as shall be expressly set forth by specific reference in such filing.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item&nbsp;9.01.&nbsp;</font><font style="display: inline;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Financial Statements and Exhibits.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">(d)&nbsp; Exhibits</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:64.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 2.4pt 0pt 3.6pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:05.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 3.6pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:377.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 2.4pt 0pt 3.6pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:20.30pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 3.6pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:64.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 2.4pt 0pt 3.6pt;">
					<p style="margin:0pt 2pt 0pt 3pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">Exhibit No.</font></p>
				</td>
				<td valign="bottom" style="width:05.50pt;padding:0pt 0pt 0pt 3.6pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:377.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 2.4pt 0pt 3.6pt;">
					<p style="margin:0pt 3pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">Description of Exhibit</font></p>
				</td>
				<td valign="bottom" style="width:20.30pt;padding:0pt 0pt 0pt 3.6pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:64.50pt;padding:0pt 2.4pt 0pt 3.6pt;">
					<p style="margin:0pt 2pt 0pt 3pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font><a href="egy-20190916xex99_1.htm" style="-sec-extract:exhibit"><font style="display: inline;font-size:10pt;">99.1</font></a></p>
				</td>
				<td valign="middle" style="width:05.50pt;padding:0pt 0pt 0pt 3.6pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:377.70pt;padding:0pt 2.4pt 0pt 3.6pt;">
					<p style="margin:0pt 2pt 0pt 3pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">Press release, dated </font><font style="display: inline;font-size:10pt;">September</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">1</font><font style="display: inline;color:#000000;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;">, 2019</font><font style="display: inline;color:#000000;font-size:10pt;">, issued by VAALCO Energy, Inc.</font></p>
				</td>
				<td valign="bottom" style="width:20.30pt;padding:0pt 0pt 0pt 3.6pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">SIGNATURES</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;height:1.00pt;overflow:hidden;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
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				<td valign="top" style="width:31.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:98.65pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td colspan="2" valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:31.70pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">VAALCO ENERGY, INC.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td colspan="2" valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:31.70pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">(Registrant)</font></p>
				</td>
			</tr>
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:31.70pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Date: September 16</font><font style="display: inline;color:#000000;font-size:10pt;">, 2019</font></p>
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						<font style="display: inline;font-size:10pt;text-decoration:underline;">/s/ Cary Bounds</font></p>
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						<font style="display: inline;font-size:10pt;">Name:</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;color:#000000;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Chief Executive Officer</font><font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>egy-20190916xex99_1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--HTML document created with Certent Disclosure Management 6.32.0.1-->
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			Exhibit 99.1
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	<body><div style="margin-left:90pt;margin-right:90pt;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Arial;font-size: 11pt">

			<font style="display: inline;font-weight:bold;font-size:11.5pt;">Exhibit 99.1</font>

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			&nbsp;

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</div>
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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:11pt;"><img src="egy-20190916xex99_1g001.jpg" style="width: 0.8736111in; height: 0.8736111in" alt="Picture 2"></font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO ENERGY, INC. </font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">ANNOUNCES </font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">INTENTION TO </font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">LIST</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> ON </font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">THE </font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">MAIN MARKET OF</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> THE</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> LONDON STOCK EXCHANGE </font>
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		<p style="margin:0pt;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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			<font style="display: inline;font-weight:bold;font-size:11.5pt;">HOUSTON &#x2013; September 16, 2019</font><font style="display: inline;font-size:11.5pt;"> &#x2013; VAALCO Energy, Inc. (NYSE: EGY) (&#x201C;VAALCO&#x201D; or the &#x201C;Company&#x201D;)</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">, an independent energy company focused on development and production assets in West Africa, today announces its formal intention to seek a Standard Listing on the Main Market of London Stock Exchange</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> (&#x201D;LSE&#x201D;)</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">, to complement its existing Listing on the New York Stock Exchange.&nbsp; </font>
		</p>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Highlights:</font>
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO is an established operator with a proven track record in </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">West </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Africa</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Operator of the Etame Marin Block located offshore Gabon (31.1% working interest), that has produced circa 110 million gross barrels since first sale of oil in November 2002 </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Net production (after royalty deduction) of 3,664 </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">barrels of oil per day (&#x201C;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">B</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">OPD&#x201D;)</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">as at Q2 2019</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> &nbsp; &nbsp;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Strategic focus on generating free cash flow from a low risk reserve base</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Active work programme </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">at Etame </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">in 2019/20 </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">recently </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">underway</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> to grow production and reserves, with </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">up to </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">three development wells </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">and</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> two appraisal well</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">bores</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> to be drilled within the next 12 months (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Work Programme</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;)</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Reserves and resources of </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">~123 million</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> gross barrels of oil </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">(&#x201C;MMBBL</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;) </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">at Etame</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Significant development opportunities and leads at or near existing platforms where infrastructure is in place to bring new production online quickly</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">,</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> further enhancing economics&nbsp;&nbsp; </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Diversified portfolio with exploration and development potential from Block P, </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">offshore </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Equatorial Guinea (31.0% working interest)</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Solid financial footing with no debt and $48.6 million </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">of </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">cash </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">and cash equivalents</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> at 30 June</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> 2019</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">A</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">ctively pursuing M&amp;A opportunities within strategic focus areas</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Obtaining dual-listing on Main Market of LSE to broaden shareholder base and access future capital to support growth strategy</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Anticipating the Listing will occur by 30 September </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">2019</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Shares will trade under the ticker EGY and the expected market capitalisation on Admission will be circa $100m</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Cary Bounds, VAALCO&#x2019;s Chief Executive Officer commented:&nbsp;&#x201C;Since 2017, </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">our strategy </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">has been </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">clearly focused </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">on strengthening the core foundations of the Company and preparing it for sustainable, long-term growth.&nbsp;&nbsp;We have successfully </font>
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		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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			&nbsp;

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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">delivered a number of material developments that </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">have secured and enhanced the future for VAALCO, </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">enabl</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">ing</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> us to embark on this dual-listing from a position of strength. </font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO has an enviable position for a company of its size in terms of its </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">debt-free balance sheet and </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">strong </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">cash</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> position</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">.&nbsp;&nbsp;This allows us</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> to self-fund </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">our</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> active work programme that </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">has</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">recently commenced</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">, and will provide multiple catalysts</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> in the coming year</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> as we look to enhance production and realise upside from our proven reserves and resources. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">The London Listing makes strong strategic sense in terms of obtaining a dual-listing on another leading international exchange with a sophisticated understanding of investment propositions and assets within VAALCO&#x2019;s </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">West Africa</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> focus.&nbsp;&nbsp;We hope to use the Listing as a springboard to achieve our ambitious medium-term organic and inorganic growth objectives.&#x201D; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">In conjunction with its LSE listing, </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO has posted an updated investor presentation to its web site, </font><font style="display: inline;font-size:11.5pt;background-color: #FFFFFF;">www.vaalco.com</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">, in the Investor Relations section under Web</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">casts/</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Presentations</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">.</font>
		</p>
		<p style="margin:0pt;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#2B2B2B;font-size:11.5pt;">For further information:</font></p>
				</td>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#2B2B2B;font-size:11.5pt;">&#xFEFF;</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:37.02%;padding:0pt 6.5pt">
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO Energy, Inc. (General and Investor Enquiries)</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:37.02%;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">+</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">00 </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">1 713 623 0801</font></p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Website:</font></p>
					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Cary Bounds, CEO</font></p>
					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Elizabeth Prochnow, CFO</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:37.02%;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;font-size:11.5pt;background-color: #FFFFFF;">www.vaalco.com</font></p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font></p>
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					<p style="margin:0pt;font-family:Arial;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Buchanan (UK PR)</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:37.02%;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">+44 (0) 207 466 5000</font></p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Ben Romney / Chris Judd</font></p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;font-size:11.5pt;background-color: #FFFFFF;">VAALCO@buchanan.uk.com</font><font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font></p>
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						&nbsp;</p>
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						<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Al Petrie Advisors (US Investor Relations)</font></p>
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						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">+00 1 713</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">543</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">3422</font></p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Al Petrie / Chris Delange</font></p>
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						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">GMP First Energy (Financial Adviser and Joint Corporate Broker)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
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						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">+44 (0) 20</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">7</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">448 0200</font></p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Jonathan Wright / Hugh Sanderson</font></p>
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						&nbsp;</p>
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						<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font></p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Canaccord Genuity (Joint Corporate Broker)</font></p>
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						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">+44 (0) </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">20</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">7</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">523 4617&nbsp; </font></p>
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					<p style="margin:0pt;font-family:Arial;font-size: 11pt">
						<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Henry Fitzgerald-O&#x2019;Connor</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> / James Asensio</font></p>
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		<p style="margin:0pt;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">1: Company Overview </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO is an independent energy company based in Houston, Texas, USA engaged in the production of crude oil and the exploration and development of oil properties in West Africa.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">The Group&#x2019;s flagship asset is a 31.1 percent working interest in the Etame Marin Block, located offshore Gabon, which has produced more than 110 MMBBL to date. </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">T</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">he Etame Marin Block production sharing contract (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Etame PSC</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;), </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">was originally</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> entered </font>
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		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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			&nbsp;

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</div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;;font-size: 11pt"><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"></font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">into in July 1995</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">. &nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">In September 2018, </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">extended the Etame PSC</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> until 2028, with an option to extend for two additional five-year periods.&nbsp; </font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO is designated as the operator on behalf of the Etame joint venture owners (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Etame Consortium</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;). The Etame Consortium consists of four companies, being (1) VAALCO Gabon SA; (2) Addax Petroleum Oil &amp; Gas Gabon; (3) Sasol Gabon S.A.; and (4) PetroEnergy Resources Corporation. Etame is subject to a 7.5 percent back-in carried interest by the State of Gabon, which is currently held by Tullow Oil Gabon S.A. VAALCO&#x2019;s working interest will decrease to 30.3 percent in June 2026, when the back-in carried interest increases to 10 percent.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO&#x2019;s interest in Etame accounts for substantially all of the Group&#x2019;s revenue and 100 percent of its reserves. In addition to its interest in the Etame Marin Block, VAALCO owns a 31.0 percent working interest in in an undeveloped portion of Block P, located </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">offshore Equatorial Guinea. </font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">As of 31 March 2019, VAALCO has estimated proved reserves of 5.6 MMBBL, probable reserves of 4.5 MMBBL and contingent resources (3C) of up to 11.9 MMBBL, pursuant to its interests in the Etame Marin Block. Its interests in Block P are estimated to be contingent resources (3C) of up to 8.2 MMBBL.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO was founded in 1985 and its common shares are</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> currently listed, and will remain listed after Admission, on the NYSE under the symbol </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201C;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">EGY.</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">2: Investment Case</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Established operator with a proven track record in West Africa</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">The Group acquired its interest in Etame in July 1995. Since acquiring its interest, VAALCO has acted as operator and has produced more than 110 MMBBL of oil to date, including from deep and over pressured reservoirs. In addition to the Etame Marin Block, the Group has an active working interest in the prospective Block P, which it has owned since November 20</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">12</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> and which the </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Directors believe has the potential to significantly increase the Group&#x2019;s reserves.</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Strong management team with extensive industry experience</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">The Directors, Executive Officers and the Group&#x2019;s technical teams have experience of working in international and national oil companies, independents and </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">service companies</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> and have global experience in hydrocarbon exploration</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">, development</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> and</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> production</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> operations. They have extensive experience in the African oil and gas market. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Profitable free cash flow from low risk reserve base</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO&#x2019;s operations in Etame have provided the Group with a profitable basis of free cash flow with operating income from the Etame Marin Block in the financial year ended 31 December 2018 of $51.3 million. The Directors believe that, following amendment no.6 of the Etame PSC on 17 September 2018 (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Etame PSC Extension</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;)</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">and based on the reserves and resources evaluated by Netherland, Sewell &amp; Associates, Inc., the Company&#x2019;s competent person for the London Listing, it can leverage these strengths to continue to benefit shareholders.</font>
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		<p style="margin:0pt;font-family:Arial;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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			&nbsp;

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</div>
		<p style="margin:0pt;font-family:Arial;;font-size: 11pt"><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Material upside from existing Etame Field</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO&#x2019;s proved reserves are estimated at 5.</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">6</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> MMBBL, probable reserves at 4.5 MMBBL and contingent resources (3C) at up to 11.9 MMBBL, as at 31 March 2019.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">As a result of improved oil pricing, positive production performance and the Etame PSC Extension, VAALCO&#x2019;s estimated proved reserves increased by 3.7 MM</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">B</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">BL (76 percent) during 2018. This increase was a result of (i) the Etame PSC Extension (adding 2.2 MM</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">B</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">BL); (ii) better-than-forecasted results for production (adding 1.1 MM</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">B</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">BL); and (iii) increased crude oil prices (adding 0.4 MM</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">B</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">BL). The total proved reserves replacement at Etame for 2018 was 270 percent of the total net production. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Fully funded Work Programme providing multiple catalysts</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO is fully funded to pursue the Work Programme, which commenced in September 2019, through H1 2020, exploring, developing and potentially upscaling the known reserves and resources at the Etame Marin </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Block. VAALCO commenced the Work Programme on </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">13</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> September 2019, beginning the drilling of its first appraisal wellbore of the programme in the Etame Field to evaluate the Dentale Formation</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> with a further appraisal well</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">bore</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> to evaluate the Gamba Formation in the Southeast Etame Field and </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">up to three</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> development wells to follow. </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">The Directors believe that the Work Programme </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">is the first step in realis</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">ing the full potential now opened to VAALCO following the extension of the Etame PSC</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Solid foundation to pursue opportunistic inorganic growth </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO&#x2019;s goal is to achieve transformational growth both organically and through potential value-accretive acquisitions or mergers of similar properties or assets to diversify the Group&#x2019;s portfolio.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">3: Strategy</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Following the Etame PSC Extension, VAALCO&#x2019;s financial position has improved and the Group has no debt. The Directors believe that the Group will generate sufficient operating cash flow to sustain current operations and fund development projects in the Etame Marin Block.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO is seeking to further increase production and reserves by undertaking the fully funded Work Programme and pursuing accretive growth opportunities where it can leverage proven technical and operational capabilities.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">The cornerstone of VAALCO&#x2019;s strategy to create long-term value for all stakeholders is to focus on profitable growth from low-risk reserve development while maintaining financial discipline.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">4: The Assets</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Etame Marin Block, Gabon</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">The Etame Marin Block lies approximately 23 km northwest of the Gabon-Congo international boundary and 140 km southeast of Sette Cama, Gabon, in water depths ranging from 75 m to 85 m. It is separated into three Exclusive Exploitation Authorisations (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">EEAs</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;) in the permit area, which comprise approximately 187 km</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;font-size:6pt;vertical-align:super;line-height:100%">2 &nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">located around the five producing Etame Field areas. The Ebouri EEA comprises 14.86 km</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;font-size:6pt;vertical-align:super;line-height:100%">2</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">, the Avouma EEA comprises 77.81 km</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;font-size:6pt;vertical-align:super;line-height:100%">2</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> and the Etame EEA comprises 94.44 km</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;font-size:6pt;vertical-align:super;line-height:100%">2</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">.</font>
		</p>
		<p style="margin:0pt;font-family:Arial;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Arial;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;font-family:Arial;;font-size: 11pt"><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Production</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">In 2018, VAALCO&#x2019;s net production at Etame averaged approximately 3,751 BOPD, decreasing from a 4,159 BOPD average for fiscal year 2017, reflecting natural decline. The average net production for Q2 2019 was 3,664 BOPD, increasing from an average of 3,549 BOPD in Q2 2018 and 3,496 BOPD in Q1 2019. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">During Q2 2019, the ETAME-4H well produced an average of approximately 350 BOPD gross (95 BOPD</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">,</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> net to VAALCO); however, in July 2019, this well stopped producing. In September 2019, the ETAME-10H well, which had produced an average of approximately 735 BOPD gross (200 BOPD</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">,</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> net to VAALCO) during Q2 2019, stopped producing. VAALCO is currently undertaking a technical analysis of cost effective remedial work with a view to re-establishing production at each of ETAME-4H and ETAME-10H. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">In July 2019, the Company performed an acid simulation job on the ETBNM-2H well. Subsequent to this work, the well would not flow naturally, and VAALCO was unable to restore production. VAALCO is currently planning on performing remedial work in Q4 2019 with a view to re-establishing production. During Q2 2019, this well produced an average of approximately 420 BOPD gross (113 BOPD net to VAALCO).</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">In August 2019, VAALCO performed a planned maintenance turnaround for the FPSO Petroleo Nautipa, which included a nine-day full field shut down which will impact Q3 2019 production. This was taken into consideration in determining the full year guidance for 2019, which remains at between 3,300 BOPD net to VAALCO and 3,900 BOPD net to VAALCO. Taking into consideration the combination of the planned turnaround, as well as the impact of deferred production from the </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">three</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">wells that are not producing, VAALCO expects average production for Q3 2019 to be between 3,000 BOPD net to VAALCO and 3,300 BOPD net to VAALCO. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Work Programme </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Under the terms of the Etame PSC, the Etame Consortium is required to drill two development wells and two appraisal well</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">bore</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">s at the Etame Marin Block by 16 September 2020 (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Base Case Work</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;).&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Base Case Work appraisal well</font><font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">bore</font><font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">s</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO commenced the Work </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Programme on </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">13</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> September</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> 2019, by beginning the drilling of an appraisal wellbore at ETAME-9P, in the Etame Field, to evaluate the Dentale Formation. In addition, VAALCO will drill a second appraisal wellbore in the Southeast Etame Field, to evaluate the Gamba Formation. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Base Case Work development wells</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Following completion of the first appraisal wellbore at ETAME-9P, in the Etame Field, VAALCO will drill two development wells in the Etame Field, targeting the Gamba Formation, the first of which will be ETAME-9H. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Expansive Work</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">In addition to and following the Base Case Work, VAALCO anticipates drilling at least one further development well at the Etame Marin Block in H1 2020 as part of the Work Programme (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Expansive Work</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;).</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Arial;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;;font-size: 11pt"><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">The Expansive Work is subject to approval by the other members of the Etame Consortium and the State of Gabon.</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">The location of the Expansive Work development well will depend on the success of the Gamba appraisal well</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">bore</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> in the Southeast Etame Field:</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 8pt;font-family:Symbol;line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:107.92%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">if the appraisal well</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">bore</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> is successful, an additional development well may be drilled in the Southeast Etame Field (Option A); or</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;color:#000000;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;color:#000000;font-family:Arial;font-size: 11pt;margin:0pt;">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">if the appraisal well</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">bore</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> is unsuccessful, an additional development well may be drilled in the South Tchibala Field (Option B).</font></p></td></tr></table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Cost of the Work Programme </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO estimates that the Base Case Work will cost approximately $61.2 million ($20.5 million, net to VAALCO) and that the Expansive Work will cost approximately $25.0 million &#x2013; $30.0 million ($8.5 million &#x2013; $10.0 million, net to VAALCO).</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">If the Base Case Work is not undertaken, the Etame Consortium must pay the difference between the amounts spent on any wells that were drilled and the estimated costs of the wells as set out in the budget approved by the Government of Gabon, being an estimated cost of $61.2 million ($20.5 million, net to VAALCO).</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Block P, Equatorial Guinea</font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO (EG) Mauritius Limited (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO Mauritius</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;)</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">has a 31.0 percent working interest in an undeveloped portion of Block P, located offshore Equatorial Guinea that the Group acquired in 2012. For a number of years, the Block P interest under the Block P production sharing contract (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Block P PSC</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;) was in suspension; however, in September 2018, the Equatorial Guinea Ministry of Mines and Hydrocarbons (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">EG MMH</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;) lifted the suspension.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;text-decoration:underline;background-color: #FFFFFF;">Future development of Block P</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">VAALCO is awaiting the EG MMH to approve VAALCO Mauritius&#x2019; appointment as technical operator for Block P on behalf of the Block P joint venture owners (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Block P Consortium</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;). There is no prescribed criteria for the EG MMH to consider for reaching a decision. The Block P Consortium consists of four companies, being (1) VAALCO Mauritius; (2) Compania Nacional de Petroleos de Guinea Equatorial (&#x201C;</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">GEPetrol</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#x201D;); (3) Atlas Petroleum (International) Ltd; and (4) Crown Energy Ventures Corporation.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Each of the Block P Consortium are party to the Block P PSC. GEPetrol will act as the administrative operator. Under the terms of lifting of the suspension of the Block P PSC, GEPetrol was required to introduce a new investor or joint venture owner of Block P by 28 March 2019, and it has fulfilled this requirement.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Once the joint owner is approved</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> by the EG MMH</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">, the Block P Consortium will be required to drill an exploration well within one year.&nbsp;&nbsp;VAALCO intends to seek a partner on a promoted basis that will cover all or substantially all of the costs to drill the exploratory well. </font>
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		<p style="margin:0pt;font-family:Arial;;font-size: 11pt"><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"></font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">The Block P Consortium is </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">evaluating the timing and budgeting for development and exploration activities under a development and production area in </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Block P</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">, including the approval of a development and production plan.&nbsp;&nbsp;The </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Block P PSC</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> provides for a development and production period of 25 years from the date of approval of a development and production plan.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">5: Management team</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Cary M. Bounds (Chief Executive Officer and Director)</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Mr. Bounds was appointed Chief Executive Officer on 29 December 2016 after having served as the Chief Operating Officer for VAALCO since July 2015, as well as interim Chief Executive Officer since 1 September 2016. Mr. Bounds has held a variety of technical and management positions of increasing responsibility with major energy companies as well as independent E&amp;P companies.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Andrew L. Fawthrop (Chairman and Director)</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Mr. Fawthrop has served on the Board since October 2014 and as the Chairman of the Board since December 2015. Mr. Fawthrop has deep and broad-based experience in the oil and gas industry, including in West Africa, having served for 37 years with Unocal Corporation and Chevron Corporation (following its acquisition of Unocal in 2005) in a vast number of international leadership positions. Most recently, from January 2009 until his retirement in 2014, Mr. Fawthrop served as Chairman and Managing Director for Chevron Nigeria. Prior to his assignment in Nigeria, Mr. Fawthrop served as President and Managing Director for Unocal/Chevron Bangladesh from 2003 until 2007.</font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">A. John Knapp, Jr. (Director)</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Mr. Knapp has served on the Board since December 2015. </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Mr. Knapp is a Partner at CCM Opportunistic Advisors, LLC, an investment fund in Houston</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">,</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> Texas, a position he has held since March 2011. He also serves as the President, Chief Executive Officer, and principal shareholder of Andover Group, Inc., a real estate investment and development company he founded in 1978. Mr. Knapp currently serves on the board of directors</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> of ATRM Holdings, Inc. (NASDAQ: </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">ATRM) which he joined in April 2015, and previously served on from January 2013 until March 2013. He also serves as a director of On Track Innovations Ltd. (NASDAQ: OTIV), and has served since December 2012.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Steven J. Pully (Director)</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Mr. Pully has served on the Board since July 2015. Mr. Pully has over 34 years of experience in capital markets, finance, investing and legal matters. He also has extensive board participation and leadership experience. He is currently on the board of publicly-traded Harvest Oil &amp; Gas, a U.S. oil and gas producer. Within the past five years, he has also served on the public boards of Energy XXI Gulf Coast, Titan Energy, Bellatrix Exploration and Goodrich Petroleum. He also serves on a number of private company boards.</font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">William R. Thomas (Director)</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Mr. Thomas joined the Board in April 2019 and has over 30 years of experience in the international energy industry as a senior executive, investment banker and entrepreneur.&nbsp;&nbsp;In 1982, Mr. Thomas joined the International Division of Pennzoil </font>
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		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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			&nbsp;

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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Company.&nbsp;&nbsp;In 1986, Mr. Thomas entered investment banking with the Mergers &amp; Acquisitions Department at Bankers Trust Company where he represented energy clients in major transactions.&nbsp;&nbsp;Mr. Thomas later served as CEO and in other senior executive capacities for companies with petroleum operations in Russia and Kazakhstan. </font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Elizabeth D. Prochnow (Chief Financial Officer)</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Ms. Prochnow was appointed Chief Financial Officer on 1 April 2019 after having served as the Company&#x2019;s Chief Accounting Officer since March 2015.&nbsp;&nbsp;Ms. Prochnow has held a variety of finance management positions primarily with publicly traded companies including a number of companies in the energy sector.</font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Jason J. Doornik (Chief Accounting Officer and Controller)</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Mr. Doornik joined the Company on 11 June 2019 as Chief Accounting Officer and Controller.&nbsp;&nbsp;&nbsp;Mr. Doornik has over twenty years of diversified accounting and finance experience, balanced among large companies and emerging companies as well as public accounting and industry experience. </font>
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			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">David A. DesAutels (Executive Vice President of Corporate Development)</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Mr. DesAutels joined the Company in July 2017 as Vice President for Exploration and Development and assumed the role of </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Executive </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Vice President for Corporate Development on 1 April 2019. Mr. DesAutels is an oil and gas industry executive with over 40 years upstream experience in development and exploration. He has worked on over 100 development projects worldwide, both conventional and unconventional. </font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Michael G. Silver (Executive Vice President, Company Secretary and General Counsel)</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Mr. Silver joined the Company in November 2018 and has served as </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Executive </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Vice President and General Counsel since 1 April 2019. </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Mr. Silver</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> has nearly 30 years of experience in the energy industry</font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;"> and has worked in the legal departments of major oil and gas companies </font><font style="display: inline;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">where he supported international upstream activities, including major acquisitions and divestments. </font>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:11.5pt;">THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS. </font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">This announcement is an advertisement for the purposes of the Prospectus Regulation Rules of the Financial Conduct Authority ("</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">FCA</font><font style="display: inline;font-size:11.5pt;">") and not a prospectus and not an offer to sell, or a solicitation of an offer to subscribe for or to acquire, securities in any jurisdiction.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not purchase or subscribe for any shares referred to in this announcement other than solely on the basis of information that is contained in the prospectus </font><font style="display: inline;font-size:11.5pt;">(&#x201C;</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">Prospectus</font><font style="display: inline;font-size:11.5pt;">&#x201D;)</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">&nbsp;</font><font style="display: inline;font-size:11.5pt;">intended to be published by VAALCO Energy, Inc. ("</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">VAALCO</font><font style="display: inline;font-size:11.5pt;">" or the "</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">Company</font><font style="display: inline;font-size:11.5pt;">" and, together with its subsidiaries, the "</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">Group</font><font style="display: inline;font-size:11.5pt;">") in connection with the proposed admission of its shares to the standard listing segment of the Official List of the FCA and to trading on the main market for listed securities of the London Stock Exchange plc (&#x201C;</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">LSE</font><font style="display: inline;font-size:11.5pt;">&#x201D;)</font><font style="display: inline;font-size:11.5pt;"> (&#x201C;</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">Admission</font><font style="display: inline;font-size:11.5pt;">&#x201D;)</font><font style="display: inline;font-size:11.5pt;">.</font>
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		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">The estimates of reserves and resources used in this announcement do not meet the rules and guidelines (including those relating to pricing) of the US Securities and Exchange Commission (&#x201C;</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">SEC</font><font style="display: inline;font-size:11.5pt;">&#x201D;), and </font><font style="display: inline;font-size:11.5pt;">the Company is</font><font style="display: inline;font-size:11.5pt;"> strictly prohibited from including such estimates in filings with the SEC. These estimates include reserves with substantially less certainty than estimates prepared in accordance with SEC rules. U.S. investors are urged to consider closely the disclosure in the Company&#x2019;s annual report on Form 10-K for the year ended </font><font style="display: inline;font-size:11.5pt;">31 </font><font style="display: inline;font-size:11.5pt;">December 2018 and in </font><font style="display: inline;font-size:11.5pt;">the Company&#x2019;s</font><font style="display: inline;font-size:11.5pt;"> other filings with the SEC, available from the SEC on its website at </font><font style="display: inline;color:#0000FF;font-size:11.5pt;text-decoration:underline;">www.sec.gov</font><font style="display: inline;font-size:11.5pt;">.</font><font style="display: inline;font-size:11.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">Copies of the Prospectus will, following publication, be available during normal business hours on any day (except Saturdays, Sundays and public holidays) at the offices of the Company&#x2019;s English legal advisers, Memery Crystal LLP, at 165 Fleet Street, London EC4A 2DY, and online at </font><font style="display: inline;color:#0000FF;font-size:11.5pt;text-decoration:underline;">www.vaalco.com</font><font style="display: inline;font-size:11.5pt;">, subject to applicable securities laws and regulations.</font><font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:11.5pt;background-color: #FFFFFF;">Important Information</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">The information contained in this announcement is for background purposes only and does not purport to be full or complete. Any purchase of shares </font><font style="display: inline;font-size:11.5pt;">on Admission </font><font style="display: inline;font-size:11.5pt;">should be made solely on the basis of the information contained in the Prospectus. No reliance may or should be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The information in this announcement is subject to change. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">This announcement does not constitute or form part of an offer to sell or issue, or a solicitation of an offer to subscribe for or buy any shares, and investors should not purchase or subscribe for any shares referred to in this announcement except on the basis of information in the Prospectus. Before any purchase of shares, persons viewing this announcement should ensure that they fully understand and accept the risks which will be set out in the Prospectus when published.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">Neither this announcement, nor the information contained within it, is for publication or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Japan, The Republic of South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The distribution of this announcement or the information contained within it may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Arial;font-size: 12pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;;font-size: 11pt"><font style="display: inline;font-size:11.5pt;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">This announcement contains &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">forward-looking statements</font><font style="display: inline;font-size:11.5pt;">&#x201D; and &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">forward-looking information</font><font style="display: inline;font-size:11.5pt;">&#x201D; that are based on the Company&#x2019;s expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to the Company&#x2019;s business strategy with respect to the Etame Marin Block and Block P (&#x201C;</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">Projects</font><font style="display: inline;font-size:11.5pt;">&#x201D;), plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, oil and gas reserves and resources, results of exploration, the price and demand for oil and gas and acts by the Company&#x2019;s partners to the respective Projects. Generally, this forward looking information can be identified by the use of forward-looking terminology such as &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">outlook&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">anticipate&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">project&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">target&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">likely&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">believe&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">estimate&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">expect&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">intend&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">may&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">would&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">could&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">should&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">scheduled&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">will&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">plan&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">forecast&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;">, &#x2018;&#x2018;</font><font style="display: inline;font-style:italic;font-size:11.5pt;">evolve&#x2019;&#x2019;</font><font style="display: inline;font-size:11.5pt;"> and similar expressions. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">Persons reading this announcement are cautioned that such statements are only predictions, and that the Company&#x2019;s actual future results or performance may be materially different.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company&#x2019;s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. These statements speak only as of the date of this announcement. Actual operational and financial results or events may differ materially from the Company&#x2019;s expectations contained in the forward-looking statements as a result of various factors, many of which are beyond the control of the Company.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">FirstEnergy Capital LLP (trading as </font><font style="display: inline;font-size:11.5pt;">&#x201C;</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">GMP FirstEnergy</font><font style="display: inline;font-size:11.5pt;">&#x201D;</font><font style="display: inline;font-size:11.5pt;">) is authorised and regulated in the United Kingdom by the FCA and is acting exclusively for the Company and no one else in connection with Admission. GMP FirstEnergy will not regard any other person (whether or not a recipient of this announcement) as its client in relation to Admission and will not be responsible to anyone other than the Company for providing the protections afforded to clients of GMP FirstEnergy or for providing any advice in relation to Admission, the contents of this announcement or any transaction or arrangement referred to herein.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial;font-size: 11pt">
			<font style="display: inline;font-size:11.5pt;">Canaccord Genuity Limited </font><font style="display: inline;font-size:11.5pt;">(&#x201C;</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">Canaccord Genuity</font><font style="display: inline;font-size:11.5pt;">&#x201D;)</font><font style="display: inline;font-weight:bold;font-size:11.5pt;">&nbsp;</font><font style="display: inline;font-size:11.5pt;">is authorised and regulated in the United Kingdom by the FCA and is acting exclusively for the Company and no one else in connection with Admission. Canaccord Genuity will not regard any other person (whether or not a recipient of this announcement) as its client in relation to Admission and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Canaccord Genuity or for providing any advice in relation to Admission, the contents of this announcement or any transaction or arrangement referred to herein.</font>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
