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22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc.

Vaalco Energy Inc. · Oct 29, 2015 · 16 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 1
    22nd Africa Oil Week, Africa Upstream October 29, 2015 NYSE:EGY
  2. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 2
    VAALCOs Strategy in a Challenging Environment Maintain a strong and clean balance sheet Only 15 million drawn on credit facility Strong liquidity to fund remaining 2015 CAPEX program and into 2016 Manage CAPEX and liquidity…
  3. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 3
    West Africa Focus Block P Working Interest 31.0% 57,000 gross acres 18,000 net acres Bata Offshore Development & Exploration EQUATORIAL GUINEA Etame Marin Permit Working Interest 28.1% 28,700 gross acres 8,100 net acres…
  4. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 4
    Etame Marin Permit (Production / Reserves) Gross EUR 1P Reserves Historical growth in EUR 140 Development drilling - 2015 120 1P Reserves (MMBO) 100 Reversing production decline 80 60 40 20 0 2002 2003 2004 2005 2006 2007…
  5. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 5
    Offshore Gabon Etame Marin Permit FPSO Petroleo Nautipa Operator with a 28.1% net W.I. Long-term contract with Tinworth through 2020 Capacity: 30,000 bbls of total fluids per day Partners: Capacity: 25,000 bbls of oil per day…
  6. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 6
    Etame Field Expansion Project New Etame Platform Etame ET-8H 4 pile, 8 slot platform in water depth of 85 ET-9H ET-4H meters ET-5H ET-6H ST Targeting 10 MMBOE gross reserves ET-10H ET-1V Fault Block Development drilling…
  7. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 7
    SE Etame & North Tchibala Fields Project New SEENT Platform 4 pile, 8 slot platform in water depth of 85 meters Targeting 7 MMBO gross 2P reserves SE Etame Transocean Constellation II jackup rig SE Etame 2H Gamba development well…
  8. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 8
    Avouma and South Tchibala Fields Discovery well completed August 2004 Avouma and South Tchibala Fields Production commenced in January 2007 Two planned 4Q 2015 workovers to replace failed ESPs in wells currently not producing…
  9. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 9
    Onshore Gabon- Mutamba Iroru Permit Shell VAALCO operated with 41% Rabi Kounga Field working interest Cum: 840 MMBO EUR 900 MMBO NGongui discovery well drilled in Q4 2012 Rabi Kounga Pipeline Encountered 49 feet of oil pay in…
  10. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 10
    Offshore Equatorial Guinea - Block P PDA VAALCO 31% working interest in Block P PDA Marathon 1,100 mmboe Block P partners have agreed to the development of the Venus discovery prior to the drilling of exploration wells Noble…
  11. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 11
    Angola Exploration
  12. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 12
    Angola Block 5 Identified Exploration Upside VAALCO operated with 40% VAALCO VAALCO 50 Kilometers WI, 10% govt. carry Block 5 Loengo Prospect Cambo Sonangol P&P 40% WI, Zenza 10% govt. carry VAALCO Zenza Prospect Expanded…
  13. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 13
    Offshore Angola - Block 5 Regional Cross-section Large pre-salt structures in the Kwanza Basin Actively seeking farmout partner VAALCOs prospects are located Plan to test first pre-salt prospect in late 2016+ approximately 65 miles…
  14. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 14
    2000 PSTM vs. 2015 PSDM Seismic Data 2000 PSTM Seismic Data 2015 PSDM Seismic Data New 3D seismic reprocessing improving data quality Additional leads are being identified and reviewed 15 15
  15. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 15
    Prepared for the Future Maintaining prudent financial discipline Avoided debt and equity issuance to fund growth Growth plans were developed to fund within cash flow Strong liquidity to fund CAPEX program moving forward Evaluate each…
  16. 22nd Africa Oil Week Africa Upstream – Vaalco Energy Inc. – slide 16
    The End NYSE:EGY

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