TIDMEGY

RNS Number : 1626T

Vaalco Energy Inc

13 November 2023

13 November 2023

VAALCO Energy, Inc.

("VAALCO" or the "Company")

Transaction in own shares

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces that, further to its announcements on November 1, 2022 and November 18, 2022 of the implementation of its share buyback program (the "Program"), the following transactions were made under the Program during the period November 2, 2023 to November 9, 2023.

 
 Transaction date    Daily total volume   Daily weighted     Platform 
                      (in number of        average price 
                      shares of common     of common stock 
                      stock)               acquired 
 November 2, 2023    13,873               4.4730             XNYS 
                    ===================  =================  ========= 
 November 3, 2023    50,000               4.4785             XNYS 
                    ===================  =================  ========= 
 November 6, 2023    75,000               4.3661             XNYS 
                    ===================  =================  ========= 
 November 7, 2023    65,000               4.1715             XNYS 
                    ===================  =================  ========= 
 November 8, 2023    66,707               3.9618             XNYS 
                    ===================  =================  ========= 
 November 9, 2023    24,921               3.9979             XNYS 
                    ===================  =================  =========

All transactions under the Program were made under ISIN US91851C2017 and effected by Roth Capital Partners LLC on behalf of the Company. A full breakdown of the individual trades is attached to this announcement, and can be viewed by clicking http://www.rns-pdf.londonstockexchange.com/rns/1626T_5-2023-11-12.pdf for the trades made on November 2, 2023, http://www.rns-pdf.londonstockexchange.com/rns/1626T_4-2023-11-12.pdf for the trades made on November 3, 2023, http://www.rns-pdf.londonstockexchange.com/rns/1626T_3-2023-11-12.pdf for the trades made on November 6, 2023, http://www.rns-pdf.londonstockexchange.com/rns/1626T_2-2023-11-12.pdf for the trades made on November 7, 2023, http://www.rns-pdf.londonstockexchange.com/rns/1626T_1-2023-11-12.pdf for the trades made on November 8, 2023, and http://www.rns-pdf.londonstockexchange.com/rns/1626T_6-2023-11-12.pdf for the trades made on November 9, 2023. The purpose of the Program is to reduce the share capital of the Company.

Following the transactions referred to above, VAALCO has total issued share capital of 122,425,922 common shares, of which 16,414,122 common shares are held in treasury and 1,084,671 common shares are unvested common shares, which are subject to forfeiture. Therefore, the total voting rights in the Company following the transactions referred to above are 106,011,800.

About VAALCO

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

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

For Further Information

 
 VAALCO Energy, Inc. (General and Investor 
  Enquiries)                                   +00 1 713 623 0801 
 Website:                                      www.vaalco.com 
 
 Al Petrie Advisors (US Investor Relations)    +00 1 713 543 3422 
 Al Petrie / Chris Delange 
 
 Buchanan (UK Financial PR)                    +44 (0) 20 7466 5000 
 Ben Romney / George Pope                      VAALCO@buchanan.uk.com

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END

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November 13, 2023 02:00 ET (07:00 GMT)

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