VAALCO ENERGY INC /DE/ — fact timeline

VAALCO ENERGY INC /DE/ shareholders approved Approval of the Amendment to increase the number of shares reserved for issuance, revise share reservation and recycling rules, and extend the term of the 2020 LTIP at the 2026-06-04 meeting.

“Proposal No. 4 : Approval of the Amendment to increase the number of shares reserved for issuance, revise share reservation and recycling rules, and extend the term of the 2020 LTIP. Votes Cast For Votes Cast Against Votes Abstained Broker Non-Votes 47,926,781 7,359,271 753,850 18,630,526”

VAALCO ENERGY INC /DE/ shareholders approved Approval, on an advisory basis, of the compensation of the Company’s named executive officers at the 2026-06-04 meeting.

“Proposal No. 3 : Approval, on an advisory basis, of the compensation of the Company’s named executive officers. Votes Cast For Votes Cast Against Votes Abstained Broker Non-Votes 53,859,111 1,487,492 693,299 18,630,526”

VAALCO ENERGY INC /DE/ shareholders approved Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-06-04 meeting.

“Proposal No. 2 : Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. Votes Cast For Votes Cast Against Votes Abstained Broker Non-Votes 73,741,558 180,973 747,897 -”

VAALCO ENERGY INC /DE/ shareholders approved Election of five directors at the 2026-06-04 meeting.

“Proposal No. 1 : Election of five directors, each to serve for a one-year term. Nominee Votes Cast For Votes Withheld Broker Non-Votes Andrew L. Fawthrop 51,970,868 4,069,034 18,630,526 George W. M. Maxwell 54,474,662 1,565,240 18,630,526 Cathy Stubbs 54,705,957 1,333,945 18,630,526 Fabrice Nze-Bekale 50,812,199 5,227,703 18,630,526 Edward LaFehr 54,748,788 1,291,114 18,630,526”

VAALCO ENERGY INC /DE/ reported first quarter 2026 results: net income net loss of $93.8 million, EPS ($0.90) per diluted share. Guidance raised.

“Reported a net loss of $93.8 million ($0.90 per diluted share), which includes $94.2 million in expenses primarily due to a loss on derivative instruments and exploration expense;”

VAALCO ENERGY INC /DE/ reported preliminary financial results for the first quarter of 2026.

“On April 21, 2026, VAALCO Energy, Inc. (the “Company”) issued a press release announcing certain operational results for the first quarter of 2026.”

VAALCO ENERGY INC /DE/ reported the full year of 2025 results: net income net loss of $41.4 million, EPS ($0.40 per diluted share).

“2025 Full Year Highlights: • Sold 17,452 net revenue interest ( “ NRI ” ) (1) barrels of oil equivalent per day (“BOEPD”), above the high end of the Company's increased guidance, while delivering production of 16,556 NRI (1) BOEPD or 21,160 working interest ( “ WI ” ) (2) BOEPD, both above the midpoint of Vaalco's increased guidance; • Reported full year (“FY”) 2025 net loss of $41.4 million ($0.40 per diluted share) and Adjusted Net Loss (3) of $4.0 million ($0.04 per diluted share)”

VAALCO ENERGY INC /DE/ reported the fourth quarter of 2025 results: net income net loss of $58.6 million, EPS ($0.56 per diluted share).

“Fourth Quarter 2025 Highlights: • Sold 18,566 NRI BOEPD, 10% above the high end of guidance, while production was 16,128 NRI (2) BOEPD or 20,729 WI (2) BOEPD; • Reported net loss of $58.6 million ($0.56 per diluted share)”

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).

“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").”

VAALCO ENERGY INC /DE/ incurred credit facility of $190 million with The Standard Bank of South Africa Limited, as agent at Term SOFR plus the applicable margin of (i) 6.50%... (ii) thereafter, 6.00% maturing sixth anniversary of the date of the Facility Agreement.

“Agreement and related finance documents. The Obligors are all direct or indirect subsidiaries of the Company. The Facility has, as of March 4, 2025, aggregate commitments of $190 million (the “Initial Total Commitments”). The Initial Total Commitments reduce semi-annually starting from the earlier of (a) the date falling 24 months from the date of the Facility”

Lynn Willis was appointed as Chief Accounting Officer and Controller at VAALCO ENERGY INC /DE/.

“On August 12, 2024, VAALCO Energy, Inc. (the “Company”), appointed Lynn Willis (“Ms. Willis”) to serve as the Company’s Chief Accounting Officer and Controller, effective immediately.”

VAALCO ENERGY INC /DE/ reported the first quarter of 2024 results: net income $7.7 million ($0.07 per diluted share), EPS $0.07 per diluted share. Guidance reaffirmed.

“VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and financial results for the first quarter of 2024.”

VAALCO ENERGY INC /DE/ completed an acquisition involving Petroswede AB for approximately $40.2 million in cash (closed 2024-04-30).

“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”

Lynn Willis was appointed as Interim Chief Accounting Officer and Controller at VAALCO ENERGY INC /DE/.

“On April 10, 2024, the Company appointed Lynn Willis (“Ms. Willis”), as the Interim Chief Accounting Officer and Controller of the Company, effective immediately.”

Jason Doornik was terminated as Chief Accounting Officer at VAALCO ENERGY INC /DE/.

“On April 8, 2024, Jason Doornik, Chief Accounting Officer of VAALCO Energy, Inc. (the “Company”), was notified by the Company that he would be terminated from that position.”

VAALCO ENERGY INC /DE/ reported fourth quarter and full year of 2023 results: net income $60.4 million ($0.56 per diluted share) for FY 2023. Guidance initiated.

“VAALCO Energy, Inc. (the "Company") issued a press release announcing its financial results for the fourth quarter of 2023 and guidance for the first quarter 2024 and the total year 2024.”

VAALCO ENERGY INC /DE/ entered into Share Purchase Agreement with Petroswede AB valued at $66.5 million in cash (effective 2024-02-29).

“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”).”

VAALCO ENERGY INC /DE/ reported financial results for fourth quarter and full year of 2023.

“VAALCO Energy, Inc. (the “Company”) issued a press release providing an operational update including annual and fourth quarter production and sales volumes, a summary of dividends returned to shareholders for 2023 and an update on the share buyback program.”

VAALCO ENERGY INC /DE/ reported the third quarter of 2023 results: net income $6.1 million ($0.06 per diluted share), EPS $0.06 per diluted share.

“VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and financial results for the third quarter of 2023.”

VAALCO ENERGY INC /DE/ reported preliminary financial results for third quarter 2023.

“On October 16, 2023, VAALCO Energy, Inc. (the “Company”) issued a press release providing an operational and financial update for the third quarter of 2023.”

VAALCO ENERGY INC /DE/ amended Credit Facility with Glencore Energy UK Ltd., as mandated lead arranger, technical bank and facility agent, the Law Debenture Trust Corporation P.L.C., as security agent, and the other financial institutions named therein (effective 2023-10-03).

“On October 3, 2023, VAALCO Gabon (Etame), Inc. (the "Borrower"), a wholly owned subsidiary of VAALCO Energy, Inc. (the "Company"), entered into an amended and restated facility agreement (the "Credit Facility") that amends and restates the Facility Agreement dated May 16, 2022 (the "Initial Credit Facility"), by and among the Company, VAALCO Gabon, SA, Glencore Energy UK Ltd., as mandated lead arranger, technical bank and facility agent, the Law Debenture Trust Corporation P.L.C., as security agent, and the other financial institutions named therein.”

VAALCO ENERGY INC /DE/ reported second quarter of 2023 results: net income $6.8 million, EPS $0.06 per diluted share. Guidance raised.

“VAALCO Energy, Inc. (the "Company") issued a press release announcing its financial results for the second quarter of 2023 and guidance for the remainder of 2023.”

VAALCO ENERGY INC /DE/ engaged KPMG LLP as its auditor.

“On June 15, 2023, the Audit Committee (the “Committee”) of the Board of Directors (the “Board”) of VAALCO Energy, Inc. (the “Company”) approved the engagement of KPMG LLP (“KPMG”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 and dismissed BDO USA, LLP (“BDO”) as the Company’s independent registered public accounting firm.”

VAALCO ENERGY INC /DE/ dismissed BDO USA, LLP as its auditor.

“On June 15, 2023, the Audit Committee (the “Committee”) of the Board of Directors (the “Board”) of VAALCO Energy, Inc. (the “Company”) approved the engagement of KPMG LLP (“KPMG”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 and dismissed BDO USA, LLP (“BDO”) as the Company’s independent registered public accounting firm.”

VAALCO ENERGY INC /DE/ shareholders approved Approval, on an advisory basis, of the frequency of future advisory votes on compensation of the Company’s named executive officers. at the 2023-06-08 meeting.

“Proposal No. 4 : Approval, on an advisory basis, of the frequency of future advisory votes on compensation of the Company’s named executive officers. One Year Two Years Three Years Votes Abstained 43,824,511 451,046 926,387 761,362”

VAALCO ENERGY INC /DE/ shareholders rejected Approval, on an advisory basis, of the compensation of the Company’s named executive officers. at the 2023-06-08 meeting.

“Proposal No. 3 : Approval, on an advisory basis, of the compensation of the Company’s named executive officers. Votes Cast For Votes Cast Against Votes Abstained Broker Non-Votes 19,129,778 26,485,175 348,353 22,782,646”

VAALCO ENERGY INC /DE/ shareholders approved Ratification of the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-06-08 meeting.

“Proposal No. 2 : Ratification of the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Votes Cast For Votes Cast Against Votes Abstained Broker Non-Votes 63,146,689 4,165,810 1,433,453 —”

VAALCO ENERGY INC /DE/ shareholders approved Election of five directors, each to serve for a one-year term. at the 2023-06-08 meeting.

“Proposal No. 1 : Election of five directors, each to serve for a one-year term. Nominee Votes Cast For Votes Withheld Broker Non-Votes Andrew L. Fawthrop 23,281,208 22,682,098 22,782,646 George W. M. Maxwell 40,575,154 5,388,152 22,782,646 Edward LaFehr 41,257,555 4,705,751 22,782,646 Fabrice Nze-Bekale 29,050,004 16,913,302 22,782,646 Cathy Stubbs 33,884,769 12,078,537 22,782,646”

VAALCO ENERGY INC /DE/ reported first quarter of 2023 results: net income 3.5 million, EPS 0.03 per diluted share.

“Reported Q1 2023 net income of $3.5 million ($ 0.03 per diluted share) and Adjusted Net Income (3) of $7.3 million ( $0.07 per diluted share)”

VAALCO ENERGY INC /DE/ received a nyse noncompliance notice notice regarding late filing (rules 802.01E).

“April 3, 2023, VAALCO Energy, Inc. (the “Company”) received a notice from The New York Stock Exchange (the “NYSE”) that the Company was not in compliance with the continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual, because the Company did not timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (“Form 10-K”) with the Securities and Exchange Commission (the “SEC”) on or prior to the due date thereof or by the extended filing due date provided by Rule 12b-25. The NYSE informed the Comp”

VAALCO ENERGY INC /DE/ updated its 2023 guidance (initiated).

“Announced 2023 operational and financial guidance including capital expenditure range of $70 to $90 million for full year 2023.”

VAALCO ENERGY INC /DE/ reported fourth quarter 2022 results: net income Recorded fourth quarter 2022 net income of $17.8 million ($0.17 per diluted share) and Adjusted Net Income of $19.2 mill, EPS $0.17 per diluted share.

“Recorded fourth quarter 2022 net income of $17.8 million ($0.17 per diluted share) and Adjusted Net Income of $19.2 million ($0.19 per diluted share);”

VAALCO ENERGY INC /DE/ reported fourth quarter and full year of 2022 results: net income Reported full year ("FY") 2022 net income of $51.9 million ($0.73 per diluted share) and Adjusted Net Income (1) of $104, EPS $0.73 per diluted share. Guidance initiated.

“Reported full year ("FY") 2022 net income of $51.9 million ($0.73 per diluted share) and Adjusted Net Income (1) of $104.3 million ($1.49 per diluted share);”

VAALCO ENERGY INC /DE/ reported the fourth quarter and full year of 2022 results: net income Expects to report FY 2022 net income of between $49 and $55 million ; Expects to record fourth quarter 2022 net income o. Guidance reaffirmed.

“VAALCO Energy, Inc. (the “Company”) issued a press release announcing operational and selected preliminary unaudited financial results for the fourth quarter and full year of 2022 and guidance for the year of 2023”

David DesAutels departed as Executive Vice President of Corporate Development at VAALCO ENERGY INC /DE/.

“David DesAutels, currently Executive Vice President of Corporate Development of VAALCO Energy, Inc. (“VAALCO”), will retire from his position effective March 14, 2023”

VAALCO ENERGY INC /DE/ reported financial results for fourth quarter 2022.

“Reported fourth quarter 2022 production of approximately 18,175 working interest (“WI”) barrels of oil equivalent (“BOEPD”) or about 14,200 net revenue interest (“NRI”) BOEPD;”

VAALCO ENERGY INC /DE/ terminated ATB Facility with ATB Financial (effective 2022-12-19).

“On December 19, 2022, TransGlobe Energy Corporation (“TransGlobe”), an indirect wholly-owned subsidiary of VAALCO Energy, Inc. (“VAALCO”), voluntarily delivered a notice of termination to ATB Financial relating to TransGlobe’s revolving Canadian reserves-based lending facility with ATB Financial, as lender (the “ATB Facility”).”

Thor Pruckl changed role as Chief Operating Officer at VAALCO ENERGY INC /DE/.

“On November 7, 2022, VAALCO Energy, Inc. (the “ Company ”) promoted Thor Pruckl (“ Mr. Pruckl ” ) to the newly created position of Chief Operating Officer of the Company, effective November 7, 2022.”

VAALCO ENERGY INC /DE/ reported the quarter ended September 30, 2022 results: net income $6.9 million, EPS $0.11 per diluted share.

“On November 8, 2022, VAALCO Energy, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2022.”

Timothy Marchant was appointed as Director at VAALCO ENERGY INC /DE/.

“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”

Edward LaFehr was appointed as Director at VAALCO ENERGY INC /DE/.

“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”

David Cook was appointed as Director at VAALCO ENERGY INC /DE/.

“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”

Michael Silver resigned as Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer at VAALCO ENERGY INC /DE/.

“On August 30, 2022, Michael Silver, who currently serves as the Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer of VAALCO Energy, Inc. (the “ Company ”), notified the Company of his intention to resign from the Company.”

Bradley L. Radoff resigned as director at VAALCO ENERGY INC /DE/.

“On January 28, 2022, Mr. Bradley L. Radoff delivered a letter providing notice that he is resigning from his position as a member of the Board of the Company, effective immediately.”

Fabrice Nze-Bekale was appointed as director at VAALCO ENERGY INC /DE/.

“On January 28, 2022, the Board of Directors (the “ Board ”) of VAALCO Energy, Inc. (the “ Company ”) appointed Fabrice Nze-Bekale as a director of the Company, effective January 28, 2022.”