{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-013852","form_type":"8-K","ticker":"EGY","cik":"0000894627","company_name":"VAALCO ENERGY INC /DE/","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.355864+00:00","generated_at":"2026-06-03T05:13:38.710009+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"VAALCO closes $40.2M cash acquisition of Svenska, adding Baobab field in Cote d'Ivoire","bullets":["Net purchase price of $40.2M funded entirely from cash on hand; no debt or equity issued.","Acquired 27.39% non-operated WI in Baobab field, currently producing >5,000 BOEPD (99% oil).","Svenska adds 13.0 MMBOE 1P and 21.7 MMBOE 2P net proved reserves (99% oil).","Also acquired 21.05% WI in OML 145 offshore Nigeria (non-producing, not expected to develop).","CEO says acquisition is highly accretive, strengthens West African portfolio, supports future growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-013852","json":"https://secwatch.observer/filing/0001437749-24-013852.json","markdown":"https://secwatch.observer/filing/0001437749-24-013852.md","text":"https://secwatch.observer/filing/0001437749-24-013852.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894627/000143774924013852/0001437749-24-013852-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894627/000143774924013852/egy20240426_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:13:38.710009+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":"74f9964cada898977fd6132807d3a0ca89d50d23","claim":"VAALCO ENERGY INC /DE/ completed an acquisition involving Petroswede AB for approximately $40.2 million in cash (closed 2024-04-30).","evidence_excerpt":"non-operated working interest in OML 145, a non-producing discovery located offshore of Nigeria that is not expected to be developed at this time. The Buyer paid approximately $40.2 million in cash as consideration for the Acquisition. The Company financed the Acquisition with a portion of VAALCO’s cash-on-hand. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/894627/000143774924013852/0001437749-24-013852-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Petroswede AB"},{"label":"Consideration","value":"approximately $40.2 million in cash"},{"label":"Closing","value":"2024-04-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}