Business Combination of VAALCO and TransGlobe


Combined proved plus probable (2P) reserves on an NRI basis of 51 MMboe (90 percent oil) and 66 MMboe (91 percent oil) on a WI basis (as at January 1, 2022 in the case of VAALCO and as at December 31, 2021 in the case of TransGlobe) ( 2 ) ; The Combined Company will be in a net cash (3 ) position, with US$53 million in combined net cash as of March 31, 2022 (prior to the receipt of US$44.6 HOUSTON and CALGARY, Alberta, July 14, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc.