VAALCO Energy Delivers Record 2024 Sales, CEO Eyes Stronger 2025

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("Vaalco" or the "Company") has announced record production and sales volumes for 2024, marking a successful year for the independent energy company. The Company's Chief Executive Officer, George Maxwell, expressed pride in the Company's accomplishments and optimism for the future, highlighting major projects planned for 2025 that are expected to deliver a step-change in organic growth across the portfolio.

Vaalco's record 2024 sales volumes of 24,100 to 24,600 working interest barrels of oil equivalent per day (WI BOEPD) and 19,400 to 19,800 net revenue interest BOEPD (NRI BOEPD) demonstrate the Company's strong operational performance. The Company's ability to effectively integrate assets and properties acquired from the Svenska acquisition into its operations, as well as its successful exploration and development efforts, contributed to this record performance. Vaalco's focus on maximizing value and generating strong operational cash flow has enabled the Company to fund numerous organic opportunities moving forward, while continuing to return capital to shareholders through its quarterly dividend policy.

The Company's major projects planned for 2025 align with its strategic objectives and the broader energy market trends. These projects are expected to enhance organic growth across the portfolio in the coming years, maximizing value and generating strong operational cash flow. Vaalco's commitment to maximizing value and generating cash flow enables the Company to fund its numerous organic opportunities and return capital to shareholders through its quarterly dividend policy.



Vaalco's dividend policy and cash flow management strategy position the Company to fund organic growth opportunities and return capital to shareholders. The Company's quarterly dividend policy demonstrates its commitment to returning capital to shareholders, while its focus on maximizing value and generating cash flow enables it to fund numerous organic opportunities moving forward. Vaalco's ability to achieve record operational performance in 2024 further supports its capacity to execute on its growth strategy and maintain a strong financial position.



In conclusion, Vaalco Energy's record 2024 sales volumes and plans for stronger 2025 performance highlight the Company's commitment to maximizing value and generating cash flow. The Company's major projects planned for 2025 align with its strategic objectives and the broader energy market trends, positioning Vaalco to fund organic growth opportunities and return capital to shareholders. Vaalco's dividend policy and cash flow management strategy further support the Company's ability to execute on its growth strategy and maintain a strong financial position.