VAALCO to explore strategic alternatives

VAALCO Energy Inc.’s (NYSE: EGY) board of directors has formed a strategic committee to explore a range of strategic alternatives to further enhance shareholder value. The strategic alternatives process will explore options for the future of the company including, but not limited to, securing additional investment to support existing projects and growth opportunities, joint ventures, asset sales or farm-outs, the potential sale or merger of the company, or continuing to pursue the company's existing operating plan.

There is no assurance that the strategic alternatives process will result in VAALCO completing any such transaction and it does not intend to make any further announcements regarding strategic alternatives unless and until a final decision has been made by its board. 

VAALCO has engaged Scotia Capital (USA) Inc. as the financial advisor who will advise the company of potential strategic alternatives.

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