www.vaalco.com Q3 2021 Supplemental Information PROFITABLY AND SUSTAINABLY GROWING IN WEST AFRICA
Q3 AND RECENT OPERATIONAL HIGHLIGHTS Continued Strong Performance www.vaalco.com Sold 741,000 barrels of oil in Q3 2021, an increase of 15% over Q2 2021 and produced 7,694 NRI BOPD (8,844 WI BOPD) in Q3 2021, Sales Volumes near high…
Q3 AND RECENT FINANCIAL HIGHLIGHTS Continued Strong Performance www.vaalco.com Announced sustainable, quarterly cash dividend policy beginning in Q1 2022 Adjusted EBITDAX Grew Adjusted EBITDAX to 23.3 million with 63.2 million 25…
STEP CHANGE IN TOTAL PRODUCTION AND RESERVES Significant Increase in Size and Scale www.vaalco.com Production Outlook Proved NRI Reserves(1) (MMBO) 10,000 4.0 Full quarter Sasol production offset by 3.0 natural decline and…
2021/22 DRILLING CAMPAIGN Converting Capital Into Additional Scale and Production www.vaalco.com 2021/2022 Drilling Program Program currently includes four wells with the potential for more First well expected to be spud in…
NEW LOWER COST FSO SOLUTION for 2022 and Beyond www.vaalco.com This approach has significant advantages: The Nautipa FPSO at Etame is owned and Significantly reduce storage and offloading costs by operated by BW Offshore. almost…
PROVISIONALLY AWARDED OFFSHORE BLOCKS IN GABON Consortium with VAALCO, BW Energy and Panoro Energy www.vaalco.com Consortium provisionally awarded two blocks in the 12th Offshore BW Energy VAALCO Panoro Energy Licensing Round in…
FUTURE GROWTH POTENTIAL Maximizing the Value in VAALCOs Portfolio www.vaalco.com 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…
HEDGING Materially Derisking Funding of 2021/2022 Drilling Campaign and FSO Solution www.vaalco.com Nov 2021 Jun 2022 60% at Floating Price 40% of 44% of Jan 2022 production hedged Jun 2022 No hedges November 2021 40%…
POTENTIAL INDICATIVE NETBACKS WITH INCREASED PRODUCTION AND LOWER OPEX www.vaalco.com Oil Price: 75 per barrel Successful 2021/2022 Drilling Campaign (Q2 2022) 1.18 1.42 19.78 7.74 3.43 41.45 20,000 Gross BOPD 0 75…
2021 GUIDANCE(1) (As of November 3, 2021) FY 2021 www.vaalco.com WI(2) 8,050 8,300 Production (BOPD) NRI(2) 7,000 7,200 WI(2) 8,450 8,700 Sales Volume (BOPD) NRI(2) 7,350 - 7,550 Production Expense(3) WI(2) & NRI(2) 72 - 74 MM…
CONTACT www.vaalco.com CORPORATE OFFICE BRANCH OFFICE 9800 Richmond Avenue, VAALCO Gabon SA Suite 700, Houston, Texas 77042 B.P. 1335, Port Gentil, Gabon T 713.623.0801 T +241-(0)1-56-55-29 F 713.623.0982 E vaalcovaalco.com…
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