# EDGAR Filing Document

**Accession Number:** 0000894627
**File Stem:** 0000894627-26-000002
**Filing Date:** 2026-1
**Character Count:** 13650
**Document Hash:** 40da482046a78f550b5af1e9546da040
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894627-26-000002.hdr.sgml**: 20260115

**ACCESSION NUMBER**: 0000894627-26-000002

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260115

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260115

**DATE AS OF CHANGE**: 20260115

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VAALCO ENERGY INC /DE/
- **CENTRAL INDEX KEY:** 0000894627
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 760274813
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32167
- **FILM NUMBER:** 26534637

**BUSINESS ADDRESS:**
- **STREET 1:** 2500 CITYWEST BLVD.
- **STREET 2:** SUITE 400
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77042
- **BUSINESS PHONE:** 713-623-0801

**MAIL ADDRESS:**
- **STREET 1:** 2500 CITYWEST BLVD.
- **STREET 2:** SUITE 400
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77042

?xml version='1.0' encoding='ASCII'? egy-20260115

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): January 15, 2026**

**VAALCO Energy, Inc.**

**(Exact name of registrant as specified in its charter)** 

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-32167** | **76-0274813** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |
| **2500 CityWest Blvd. Suite 400**<br>**Houston,Texas** | **2500 CityWest Blvd. Suite 400**<br>**Houston,Texas** | **77042** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant**'**s telephone number, including area code: (713**) **623-0801**

**Not Applicable**

**(Former Name or former address if changed since last report.)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $0.10 | EGY | New York Stock Exchange |
| Common Stock, par value $0.10 | EGY | London Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

------

**Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.**

On January 15, 2026, VAALCO Energy, Inc. (the "Company") issued a press release providing an operational and financial update including production and sales volumes for 2025, a successful drilling update in Gabon, positive accounts receivables update and its increased cash at bank as of December 31, 2025. A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended (the "Securities Act"), except as shall be expressly set forth by specific reference in such filing.

**Item 9.01. Financial Statements and Exhibits.**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 99.1 | <u>[Press Release, dated January 15, 2026](ex991vaalcoprovidesoperati.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **VAALCO ENERGY, INC.** | **VAALCO ENERGY, INC.** |
| Date: January 15, 2026 |  |  |
|  | By: | /s/ Lynn Willis |
|  | Name: | Lynn Willis |
|  | Title: | Chief Accounting Officer and Controller |

---

## Exhibit 99.1

**Exhibit 99.1**![image_0a.jpg](image_0a.jpg)

**THIS RELEASE CONTAINS INSIDE INFORMATION**

**VAALCO ENERGY, INC. PROVIDES POSITIVE OPERATIONAL AND FINANCIAL UPDATE**

**HOUSTON** – January 15, 2026 **-** VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("Vaalco" or the "Company") today provided an operational and financial update including production and sales volumes for 2025, a successful drilling update in Gabon and Egypt, positive accounts receivables update and its increased cash at bank as of December 31, 2025.

Highlights and Key Items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Recorded full year 2025 sales volumes of approximately 22,100 working interest ("WI") barrels of oil equivalent per day ("BOEPD"), at the top of its guidance range of 20,800 to 22,200 WI BOEPD;

oProduced approximately 21,150 WI BOEPD for full year 2025, at the midpoint of its full year guidance range;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Increased cash at bank by nearly $35 million to $58.8 million at December 31, 2025, while continuing to fund Vaalco's capital programs with no draws against the Company's reserve based lending facility ("RBL") in the fourth quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Continued strong collection of receivables in Egypt with all receivables now largely on a current basis;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Successful start to the Phase Three Drilling Program offshore Gabon;

oEncountered high-quality reservoir in the ET-15 well in line with initial estimates;

oSecond pilot hole, the ET-15P-ST1, encountered multiple sand intervals with detailed analysis and volumetric assessment underway to confirm commercial viability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirmed Baobab Ivorian (formerly MV10) Floating Production Storage and Offloading Vessel ("FPSO") for the Baobab field remains on track to leave the Dubai dry dock in early February to sail back to Cote d'Ivoire; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Completed successful 2025 Egyptian drilling program, which included a successful exploration well in the H-Field, Eastern Desert, that opens a new development area with an initial flow rate of approximately 450 BOEPD.

**Gabon Phase Three Drilling Program Update**

Vaalco's Phase three Drilling Program in Gabon commenced in the fourth quarter of 2025 with the drilling of two pilot wells in the Etame field. The first well, ET-15P, was drilled to a total depth of 2,397 meters in the western Etame-1V fault block, targeting the Gamba and encountered high-quality reservoir sands consistent with pre-drill projections. Pressure data confirmed strong communication with nearby producing wells, supporting the presence of a connected and productive reservoir system with initial estimates of between 2.4 and 3.2 million barrels of oil in place. Additionally, the well successfully evaluated the deeper Dentale formation, where good-quality, oil-bearing sands were encountered confirming the continuity of the original oil-water contact across this part of the field and further strengthening the development potential of the Etame asset. The second pilot well, ET-15P-ST1, was drilled to a depth of 2,175 meters on the western side of the main Etame fault block, also targeting the Gamba, and encountered multiple high-quality sand intervals, delivering approximately nine meters of net reservoir and four meters of net pay across two sand lobes. Detailed analysis and volumetric assessment are underway to determine future commercial viability. Vaalco is currently drilling the ET-15P, a horizontal production sidetrack, confirmed by the first pilot hole, which the Company expects to have on production later in the first quarter.

------

George Maxwell, Vaalco's Chief Executive Officer, commented, "We completed another successful year in 2025 and have started 2026 with some positive momentum as we continue to execute on our major projects. Our track record of consistently delivering results at or above guidance continued in Q4 2025 with very strong sales and solid production performance. We repeatedly raised production and sales guidance in 2025 and continued to deliver on those increased guidance ranges. We were able to fund all cash capital expenditures, pay the quarterly dividend and raise our cash position at year-end by nearly $35 million without any draws against our RBL in Q4 2025, closing the year with a net debt position of just over $1 million. This was driven by strong sales and continued strong collection from our receivables, where all of our aged receivables are now current. We are particularly pleased with the progress our team have made in our Egyptian receivables in 2025. At the start of 2025 our outstanding Accounts Receivable for EGPC amounted to $113 million, and at year end 2025 this balance had fallen to $31 million even after invoicing over $129 million in revenue for the year. We collected over $210 million in 2025, boosted by an industry payment of $40 million received in the last week of the year. We are pleased to be working with strong partners and host nations that continue to be very positive toward capital investment in oil and gas projects."

"We are encouraged with the successful start of our Phase Three Drilling Program offshore Gabon. As planned, we have drilled two pilot holes and encountered high-quality sands in both pilot holes. The FPSO project at Cote d'Ivoire remains on schedule as we are forecasting the Baobab Ivorian to leave Dubai in early February to sail back to the Baobab field to resume production in the second quarter. As we enter 2026, with major projects underway in both Gabon and Côte d'Ivoire, we are looking to continue to drive meaningful growth that we believe will translate into value for our shareholders for the remainder of the decade."

**About Vaalco**

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, Côte d'Ivoire, Equatorial Guinea, Nigeria and Canada.

**For Further Information**

---

| | |
|:---|:---|
| **Vaalco Energy, Inc. (General and Investor Enquiries)** | +00 1 713 543 3422 |
| Website: | www.vaalco.com |
| **Al Petrie Advisors (US Investor Relations)** | +00 1 713 543 3422 |
| Al Petrie / Chris Delange |  |
| **Burson Buchanan (UK Financial PR)** | +44 (0) 207 466 5000 |
| Ben Romney / Barry Archer | VAALCO@buchanan.uk.com |

---

------

**Forward Looking Statements**

Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: risks relating to any unforeseen liabilities of Vaalco; the ability to generate cash flows that, along with cash on hand, will be sufficient to support operations and cash requirements; risks relating to the timing and costs of completion for scheduled maintenance of the FPSO servicing the Baobab field; and the risks described under the caption "Risk Factors" in Vaalco's most recent Annual Report on Form 10-K.

Any forward-looking statement made by Vaalco in this press release is based only on information currently available to Vaalco and speaks only as of the date on which it is made. Except as may be required by applicable securities laws, Vaalco undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

**Inside Information**

This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is made in accordance with the Company's obligations under article 17 of MAR. The person responsible for arranging the release of this announcement on behalf of Vaalco is Matthew Powers, Corporate Secretary of Vaalco.