www.vaalco.com August 2021 EnerCom, Inc.s The Oil & Gas Conference 2021 PROFITABLY AND SUSTAINABLY GROWING IN WEST AFRICA
ESTABLISHED OPERATOR GENERATING CASH FLOW Recent Acquisition and Successful Drilling Programs Increase Size and Scale(1) Bata BLOCK P WI 45.9% International E&P focused on low-risk, producing assets in West Africa with net cash…
ACCRETIVE GROWTH AND SHAREHOLDER RETURNS 2021/2022 Program and Near-term Value Drivers Continue to Progress VAALCO Towards Its Strategic Targets 2021/22 Etame Work Program Targeting 7,000 8,000 Gross BOPD Production Increase…
ENVIRONMENTAL, SOCIAL, GOVERNANCE 2020 ESG Report Issued ENVIRONMENTAL MANAGEMENT SOCIAL LICENSE TO OPERATE CORPORATE GOVERNANCE Devoted to environmental stewardship Equal opportunity employer that firmly Good governance is an…
STEP CHANGE IN TOTAL PRODUCTION AND RESERVES Significant Increase in Size and Scale Production Outlook Proved NRI Reserves(1) (MMBO) 10,000 4.0 Full quarter Sasol production offset by Includes 7-day 3.0 natural decline and…
2021/22 DRILLING CAMPAIGN Converting Capital Into Additional Scale and Production New 2020/2021 Proprietary 3-D Seismic Data Over Entire Etame Marin Block Improved 3D seismic will help VAALCO optimize future drilling locations Allows…
NEW LOWER COST FSO SOLUTION for 2022 and Beyond The contract for the Nautipa FPSO at Etame This approach has significant advantages: expires in September 2022 Potential to reduce VAALCO's operating costs by 15% to 25% when compared…
EQUATORIAL GUINEA Maximizing the Value in VAALCOs Portfolio VENUS EUROPA SW GRANDE DISCOVERY DISCOVERY PROSPECT 16.5 7.9 164.4 million BOE million BOE million BOE unrisked gross unrisked gross unrisked gross Best 2C resource(1) 2C…
VAALCO NETBACK OVERVIEW (Q2-Q4 2021E) Maximize Margins Through Cost Discipline Each 5/barrel improvement in 2021 Netback Per Barrel oil price increases Free Cash Netback per barrel excludes Hedging, Working Capital Movement and…
POTENTIAL INDICATIVE NETBACKS WITH INCREASED PRODUCTION AND LOWER OPEX Oil Price: 65 per barrel Successful 2021/2022 Drilling Campaign (Q2 2022) 1.18 1.42 19.78 6.83 3.43 32.36 20,000 Gross BOPD 0 65 Successful FSO…
HEDGING Materially Derisking Funding of 2021/2022 Drilling Campaign and FSO Solution Aug 2021 Oct 2022 Nov 2021 Feb 2022 30% at Floating Price 50% at Floating Price 70% of production hedged through October 2021 at 50% of…
NEAR-TERM AND LONG-TERM CATALYSTS Strong Upside Potential at Etame and Block P ORGANIC DRILLING OPPORTUNITES TO CORPORATE HIGHLY ACCRETIVE DEVELOPMENT PROGRAM MAXIMIZE NETBACKS RISK-MANAGEMENT OPPORTUNITES OPPORTUNITIES 2021/22…
CONTACT www.vaalco.com CORPORATE OFFICE INVESTOR CONTACTS 9800 Richmond Avenue, U.S. - Al Petrie Suite 700, Houston, Texas 77042 T 713.543.3422 T 713.623.0801 E apetrievaalco.com F 713.623.0982 E vaalcovaalco.com U.K. - Ben Romney /…
Loading...
