Vaalco Energy reports Q4 production 23,100-23,500 WI BOEPD

Vaalco Energy provided an operational and financial update with production and sales volumes for the fourth quarter and full year of 2023 as well as its increased cash and cash equivalents balance as of December 31, 2023. The company continued solid operational performance in Gabon, Egypt and Canada drove production and sales volumes in Q4. Recorded full year 2023 sales volumes of 23,900 to 24,000 working interest, or WI, barrels of oil equivalent per day, or BOEPD. Delivered Q4 2023 production of 23,100 to 23,500 WI BOEPD or 17,900 to 18,200 NRI BOEPD and grew cash and cash equivalents to over $120M at December 31, 2023 after returning $12.5M in dividends and share buybacks in Q4 2023.