{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-010268","form_type":"8-K","ticker":"EGY","cik":"0000894627","company_name":"VAALCO ENERGY INC /DE/","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.205083+00:00","generated_at":"2026-06-05T07:43:37.164992+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"VAALCO to acquire Svenska for $66.5M, adding 27.39% WI in Baobab field offshore Côte d'Ivoire","bullets":["Gross purchase price $66.5M; net cash due at closing expected $30-40M, funded from cash on hand with no debt or equity.","Svenska holds 27.39% non-operated WI in producing Baobab field (CI-40) with current production ~4,500 WI BOEPD (99% oil).","1P WI CPR reserves 13.0 MMBOE; 2P WI CPR reserves 21.7 MMBOE (97% oil). Transaction valued at $5.12/BOE 1P.","Acquisition expected to close in Q2 2024, subject to regulatory approvals in Côte d'Ivoire and Sweden.","Includes 21.05% WI in OML 145 offshore Nigeria (non-producing); FPSO planned upgrade in 2025 with drilling program in 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-010268","json":"https://secwatch.observer/filing/0001140361-24-010268.json","markdown":"https://secwatch.observer/filing/0001140361-24-010268.md","text":"https://secwatch.observer/filing/0001140361-24-010268.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894627/000114036124010268/0001140361-24-010268-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894627/000114036124010268/ef20022760_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T07:43:37.164992+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cb6897a819bb065b49e0d0b1a87a3b276666140b","claim":"VAALCO ENERGY INC /DE/ entered into Share Purchase Agreement with Petroswede AB valued at $66.5 million in cash (effective 2024-02-29).","evidence_excerpt":"On February 29, 2024, VAALCO Energy (Holdings), LLC (“Buyer”), a Delaware limited liability company and wholly-owned subsidiary of the VAALCO Energy, Inc. (“VAALCO” or the “Company”), and Petroswede AB, a company incorporated in Sweden (“Seller”), entered into a Share Purchase Agreement (the “Share Purchase Agreement”) pursuant to which the Buyer will purchase all of the issued shares in the capital of Svenska Petroleum Exploration Aktiebolag, a company incorporated in Sweden (“Svenska”) for $66.5 million in cash (the “Purchase Price”), subject to adjustment as described below (the “Acquisition”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/894627/000114036124010268/0001140361-24-010268-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Petroswede AB"},{"label":"Value","value":"$66.5 million in cash"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}