---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-037165"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2022-10-14T23:59:59+00:00"
generated_at: "2026-06-23T03:42:33.578138+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# VAALCO completes TransGlobe acquisition; issues ~49.3M shares, sets $0.25/yr dividend

## Summary
- Exchange ratio of 0.6727 VAALCO shares per TransGlobe share; ~49.3M VAALCO shares issued.
- Board expanded from 4 to 7 with appointment of David Cook, Edward LaFehr, Timothy Marchant.
- Authorized common shares increased from 100M to 160M; TransGlobe credit facility of C$4.1M repaid.
- Targeted annualized dividend of $0.25/share for 2023, nearly double prior; $30M share buyback planned.
- Synergistic cost savings of $30-50M expected over 7 years; pro forma company has no net debt.

## SEC filing metadata
- accession: 0001140361-22-037165
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2022-10-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000114036122037165/0001140361-22-037165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000114036122037165/brhc10042848_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-037165
- JSON: https://secwatch.observer/filing/0001140361-22-037165.json
- Plain text: https://secwatch.observer/filing/0001140361-22-037165.txt

## Key facts
- Executive change
  Edward LaFehr was appointed as Director at VAALCO ENERGY INC /DE/.
  - Action: appointed
  - Role: Director
  source text: appointed three of the members of TransGlobe’s existing board of directors, namely: David Cook, Edward LaFehr and Timothy Marchant, to serve as directors of VAALCO
  evidence_url: https://www.sec.gov/Archives/edgar/data/894627/000114036122037165/0001140361-22-037165-index.htm
- Executive change
  David Cook was appointed as Director at VAALCO ENERGY INC /DE/.
  - Action: appointed
  - Role: Director
  source text: appointed three of the members of TransGlobe’s existing board of directors, namely: David Cook, Edward LaFehr and Timothy Marchant, to serve as directors of VAALCO
  evidence_url: https://www.sec.gov/Archives/edgar/data/894627/000114036122037165/0001140361-22-037165-index.htm
- Executive change
  Timothy Marchant was appointed as Director at VAALCO ENERGY INC /DE/.
  - Action: appointed
  - Role: Director
  source text: appointed three of the members of TransGlobe’s existing board of directors, namely: David Cook, Edward LaFehr and Timothy Marchant, to serve as directors of VAALCO
  evidence_url: https://www.sec.gov/Archives/edgar/data/894627/000114036122037165/0001140361-22-037165-index.htm

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