Vaalco Energy, Inc. · NYSE:EGY
Vaalco Energy — Q2 2026 Earnings Presentation
18 slides from Vaalco Energy's earnings presentation, Aug 7, 2026
Slide 1: Q2 2026 Supplemental Information
Q2 2026 Supplemental Information Profitably and Sustainably Growing Value August 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward Looking Statements Safe Harbor This presentation of VAALCO Energy, Inc. (“Vaalco” or the “Company”) includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities
Slide 3: Q2 2026 Highlights
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Q2 2026 Highlights Reported Strong Operational and Financial Results • a • Q2’26 NRI sales of 17,812 BOEPD were above the midpoint of guidance, up 47% from Q1’26 • Reported $42.4 million of Net Income ($0.39 per d
Slide 4: Solid Financial Foundation
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Solid Financial Foundation Generating Strong Adjusted EBITDAX and Returned >$130MM Cash to Shareholders Since 2021 Adjusted EBITDAX & Net Income (US$ millions) Liquidity (US$ millions) Returning Cash to Shareholde
Slide 5: Cash Flow Movement and Hedging
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Cash Flow Movement and Hedging (As of June 30, 2026) Cash Movement March 31, 2026 to June 30, 2026 (US$ millions) Hedging Positions as of June 30, 2026 Hedged Volumes (Bbls/d) Wtd Avg Floor Wtd Avg Ceiling $140.0
Slide 6: Strategically Expanding Our Diversified African-Focused Portfolio
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Strategically Expanding Our Diversified African-Focused Portfolio Building Scale and Diversification with a Full-cycle, Low-risk, High Return Portfolio A Growing, Diversified Footprint in Africa Organic Growth Opp
Slide 7: Vaalco's Material Asset Base in Côte d'Ivoire
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Vaalco’s Material Asset Base in Côte d’Ivoire High-Quality Infrastructure Drives Asset Development CI40 Baobab Field › Baobab Ivoirien FPSO reconnected to field infrastructure; production restarted in June 2026, a
Slide 8: Kossipo Discovery Enhances Asset Development Pipeline
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Kossipo Discovery Enhances Asset Development Pipeline Seismic Results Indicate New Prospect of Growth in Dynamic Côte d’Ivoire Portfolio Key Highlights › Significant oil discovery ready to develop with nearly 293
Slide 9: Côte d'Ivoire Update
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Côte d’Ivoire Update Baobab Field Back Online 2Q 2026 Asset Stats Asset Highlights › Baobab Ivoirien FPSO field restarted in June 2026 1,161 BOEPD 100% / 0% / 0% WI Production Oil NGL Gas › Phase Five Drilling Cam
Slide 10: Gabon Update
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Gabon Update Production Optimization 2Q 2026 Asset Stats Asset Highlights › Commenced Phase Three Drilling Program in December 2025; announced successful pilot in January 2026 9,353 BOEPD 100% / 0% / 0% › Etame 15
Slide 11: Egypt Update
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Egypt Update Drilling and Improving Financial Health 2Q 2026 Asset Stats Asset Highlights › Completed 23 wells as part of continuous drilling program 11,281 BOEPD 100% / 0% / 0% WI Production Oil NGL Gas › Complet
Slide 12: Equatorial Guinea: Future Growth Potential
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Equatorial Guinea: Future Growth Potential Maximizing the Value in Vaalco’s Portfolio VENUS EUROPA SW GRANDE DISCOVERY DISCOVERY PROSPECT Potential to add: Upside potential: Upside potential: 2P CPR reserves Unris
Slide 13: Accelerating Shareholder Returns and Value Growth
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Accelerating Shareholder Returns and Value Growth A World-class African-focused E&P Supporting Sustainable Shareholder Returns and Growth Building a diversified, African- Material reserves and focused E&P with mea
Slide 14: Step Change in Total Production and Reserves
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Step Change in Total Production and Reserves Significant Increase in Scale and Reserves Depth Production (WI)(4) SEC Proved Reserves(1) (MMBOE) 27,500 50.0 45.0 25,000 40.0 45.0 44.4 35.0 24,738 30.0 23,946 23,575
Slide 15: 2026 Full Year Capital Expenditures Guidance
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 2026 Full Year Capital Expenditures Guidance (As of August 7, 2026) 2026 Full-Year Capital Guidance: $290 - $360 million › CDI - MV10 FPSO Refurbishment and Tie-In Egypt EG & Other ~9% ~1% (~$75MM), Phase 5 Drilli
Slide 16: Q3 and Full Year 2026 Guidance
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Q3 and Full Year 2026 Guidance (As of August 7, 2026) Q3 2026 FY 2026 WI Production1,4 (BOEPD) Gabon 9,500 - 10,500 9,000 – 10,000 Egypt 10,900 – 12,000 10,850 – 12,000 Canada 0 250 – 300 Côte d’Ivoire 4,000 – 4,4
Slide 17: Reconciliations of Non-GAAP Measures
Q2 2026 Supplemental Information: Profitably and Sustainably Growing Value August 2026 Reconciliations of Non-GAAP Measures Please refer to Q2 2026 Earnings Release for additional reconciliations Vaalco Energy 17
Slide 18: For More Information
For More Information Vaalco.com Vaalco Energy Corporate Offices Branch Offices United States Vaalco Energy Gabon Vaalco Energy Egypt Vaalco Energy Cote d’Ivoire B.P. 1335, Port Gentil, Gabon 6 Badr Towers Succursale de Côte d’Ivoire 2500 CityWest Blvd., Suite 400 Ring Road, Maadi Abidjan Plateau, Ru