VAALCO Energy (EGY) Fireside Chat summary

Introduction and agenda

• Discussion focused on operational updates, capital allocation, and forward-looking plans across assets in Gabon, Egypt, Côte d'Ivoire, and Equatorial Guinea.

Current industry trends

• Emphasis on balancing short-cycle and long-cycle projects to support growth and shareholder returns.

• Adjustments to capital programs in response to commodity price fluctuations and operational efficiencies.

Challenges and overcoming obstacles

• Delays in rig availability in Gabon led to rescheduling and CapEx shifting into 2026.

• H2S issues in Ebouri addressed through chemical scavenging, improving production and reserve monetization.

• FPSO upgrades in Côte d'Ivoire focused on maintenance and efficiency rather than major processing improvements.