---
schema_version: "secwatch.filing_event.v1"
accession: "0000894627-26-000005"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2026-02-10T23:59:59+00:00"
generated_at: "2026-05-16T03:45:45.776903+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# VAALCO Energy to sell Canada assets for CAD $35M; production ~1,850 BOEPD

## Summary
- Sale price CAD $35M (USD $25.6M) to Petrus Resources; expected close within 30 days.
- Canadian assets produced ~1,850 BOEPD; trailing 12-month operational cash flow ~USD $9.7M.
- Since acquisition in Oct 2022, assets generated CAD $82M (USD $64M) in operational cash flow.
- Sale at 2.7x trailing cash flow; does not impact borrowing base; proceeds to fund core opportunities.
- CEO states sale allows focus on core assets with large-scale drilling campaigns and upside.

## SEC filing metadata
- accession: 0000894627-26-000005
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2026-02-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000089462726000005/0000894627-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000089462726000005/egy-20260204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000894627-26-000005
- JSON: https://secwatch.observer/filing/0000894627-26-000005.json
- Plain text: https://secwatch.observer/filing/0000894627-26-000005.txt

## Key facts
- Material Agreements
  VAALCO ENERGY INC /DE/ entered into Asset Purchase and Sale Agreement with Petrus Resources Corp. valued at approximately $35 million Canadian Dollars (USD $25.6 million) (effective 2026-02-04).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Petrus Resources Corp.
  - Value: approximately $35 million Canadian Dollars (USD $25.6 million)
  - Effective: 2026-02-04
  source text: On February 4, 2026, VAALCO Energy Canada, Inc. (the "Seller"), a wholly-owned indirect subsidiary of VAALCO Energy, Inc., (the "Company", "we" and "us") entered into an Asset Purchase and Sale Agreement (the "Asset Purchase Agreement") with Petrus Resources Corp. (the "Buyer") and, solely for the purposes of Section 9.7 therein, Petrus Resources LTD. (the "Buyer Guarantor"), providing for the purchase by Buyer of substantially all of Seller’s assets and liabilities, which constitute the Canadian land assets and related liabilities we acquired pursuant to the terms of our business combination with TransGlobe Energy Corporation in October 2022 (the "Assets," together with the transactions contemplated by the Asset Purchase Agreement referred to herein as the "Canadian Asset Sale").
  evidence_url: https://www.sec.gov/Archives/edgar/data/894627/000089462726000005/0000894627-26-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.