Vaalco Energy, Inc. · NYSE:EGY
Vaalco Energy — Shareholder Meeting (June 2022)
10 slides from Vaalco Energy's shareholder meeting presentation, Jun 6, 2022
Slide 1: General Meeting 2022
Aantal General Meeting 2022
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT ‘ser smd by VD em MA ae Taney) lds yay ig ein io ert Tha peed aon gis ed ek Pos Urfe nme te heen srt rn mse ease eet ran sche Sry nacre asap choy an, me nee {rycen eyo wy rset artnet tem fe lm er Peso wh eens en yer cmt Wa et eremtten crtrs arahng sens" wn te mang fan Ade ert t
Slide 3: Established Operator Generating Free Cash Flow
‘4 ESTABLISHED OPERATOR x GENERATING FREE CASH FLOW oars [Proven TackRecod of successin West ica with Mearingul Upside + International E&P focused on lows, producing assets n West Aca * Operator of Gabon offshore Etame license 57.300 gros aces ~ VAALCO panicpating interes (operate) 63.6% . Prodvced
Slide 4: Accretive Growth and Shareholder Returns
ACCRETIVE GROWTH AND SHAREHOLDER RETURNS | ceterng Strong ests and Progresing VAALCOS Steir ae programs tEtame 2021/22 frame wore rogram targeting 7,000 ~ enicant recoverable eons of VAALCO, svaded two Bock inthe 12th Offshore eensing Round ia Gabon, Maintaining sliion and eld configuration at ame s
Slide 5: Environmental, Social, Governance
ENVIRONMENTAL, SOCIAL, GOVERNANCE | committedto Our People, The Environment, Our Communities and Corporate Governance ENVIRON NTAL MA MENT > Devoted to environmental stewardship with dedicated emergency environmentalresponse capabilities > Fully engineered Scope 1 GHG emissions data show improvement
Slide 6: Step Change in Total Production and Reserves
‘4 STEP CHANGE IN TOTAL PRODUCTION AND RESERVES x | significant increase in Size and Scale Production Outlook Proved NRI Reserves!) (MMBO) ‘Midpoint of Guidence Ronge aa 2 ’ __ a won 2P CPR WI Reserves!”) (MMBO) 0 10.4
Slide 7: Committed to Shareholder Returns
COMMITTED TO SHAREHOLDER RETURNS J Enhancing value Propstion 200 re a 148% 108 1¢®- | bea * 68% = Announced Board approved i so quarterly cash dividendin Q4 2021 i * Paid first quarterly dividend in QL 2022 = Declared Q2 2022 dividend payable June 24, 2022 LEP OE CEE PL ECE iweruntingrenians
Slide 8: 2022 Netbacks Significantly Improved
2022 NETBACKS SIGNIFICANTLY IMPROVED COMPAREDTO 2021 @ $90 REALIZED OIL Ey si i Actual 2021 Netbacks ‘7’ Adjusted to $90 oll vm § $43.97 ie Successful 2021/2022 Drilling Campaign Raising Production Coupled with Field Reconfiguration and FSO A) cost Savings are Meaningfully improving Netbacks
Slide 9: Transformative Results Through Focused Execution
TRANSFORMATIVE RESULTS THROUGH FOCUSED EXECUTION x | Revenue &Price ee Total Revenues (Smillions) @e ‘Avg Realized Price (US$/BBL) Ee ee oe ‘Gude Soles 2,714 MBIs up 67% ‘Ollprice showing strong recovery | Production & Reserves S Production Crude Oil (MBIs) . 2P CPR Reserves (MMBO) Ee Ee oe | Profit
Slide 10: Contact
CONTACT CORPORATE OFFICE 9200 Richmond Avenue, T7136730801 Evaaleo@vaalacom INVESTOR CONTACTS US.-APette E apetrieGvaalecom RANCH OFFICE VAALCO Gabon SA BP. 1335, Port Gent, Gabon 1 1281-0)15655.29 UX. Bon Romney / on Kins Evaaleo@buchanancom VALCO ENERGY. INC