| VAALCO Energy, Inc. (VAALCO) is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO owns producing properties and conducts exploration activities as operator in Gabon, West Africa. The Company also has minor interests in the Texas Gulf Coast area. VAALCO's primary source of revenue is from the Etame field located offshore Gabon. In Gabon, the Company serves as the operator for a group of companies, which own the working interest in the production-sharing contract, collectively referred to as a consortium. VAALCO's Gabon subsidiaries are VAALCO Gabon (Etame), Inc. and VAALCO Production (Gabon), Inc. VAALCO Energy (USA), Inc. holds interests in certain properties located in the United States. As of December 31, 2005, the Company has a total of 7,827 million barrels (bbls) proved reserves of crude oil and a total of 21 million cubic feet proved reserves of natural gas. |
