VAALCO Energy, Inc. declared its quarterly cash dividend of $0.0625 per share of common stock for the third quarter of 2024 ($0.25 annualized), which is payable on September 20, 2024, to stockholders of record at the close of business on August 23, 2024. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

George Maxwell, VAALCO’s Chief Executive Officer, commented, “We are pleased to announce our third quarter 2024 dividend which is strongly supported by our ongoing operational and financial success allowing us to continue returning cash to our shareholders through a dividend since early 2022. We paid $0.13 per share in 2022, $0.25 per share in 2023 and with this declaration, we are on track to deliver another $0.25 per share in 2024. The successful execution of our strategy has allowed us to continue paying a meaningful dividend while we grow VAALCO with both organic development activities and inorganic growth, as we did recently with the Svenska

VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea and Canada.