TIDMEGY

RNS Number : 0540U

Vaalco Energy Inc

21 November 2023

21 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 10, 2023 to November 16, 2023.

 
 Transaction date     Daily total volume   Daily weighted     Platform 
                       (in number of        average price 
                       shares of common     of common stock 
                       stock)               acquired 
 November 10, 2023    25,000               4.0119             XNYS 
                     ===================  =================  ========= 
 November 13, 2023    25,000               4.1053             XNYS 
                     ===================  =================  ========= 
 November 14, 2023    25,000               4.1690             XNYS 
                     ===================  =================  ========= 
 November 15, 2023    25,000               4.2063             XNYS 
                     ===================  =================  ========= 
 November 16, 2023    25,000               4.0905             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/0540U_1-2023-11-20.pdf for the trades made on November 10, 2023, http://www.rns-pdf.londonstockexchange.com/rns/0540U_2-2023-11-20.pdf for the trades made on November 13, 2023, http://www.rns-pdf.londonstockexchange.com/rns/0540U_3-2023-11-20.pdf for the trades made on November 14, 2023, http://www.rns-pdf.londonstockexchange.com/rns/0540U_4-2023-11-20.pdf for the trades made on November 15, 2023, and http://www.rns-pdf.londonstockexchange.com/rns/0540U_5-2023-11-20.pdf for the trades made on November 16, 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 16,539,122 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 105,886,800.

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 21, 2023 02:00 ET (07:00 GMT)

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