VAALCO Energy Announces Hiring Of Steven Guidry As CEO

            VAALCO Energy Announces Hiring Of Steven Guidry As CEO

PR Newswire

HOUSTON, Sept. 23, 2013

HOUSTON, Sept. 23, 2013 /PRNewswire/ --VAALCO Energy, Inc. (NYSE: EGY) today
announced that Mr. Steven Guidry will be joining the VAALCO management team on
October 21, 2013, as its Chief Executive Officer.Mr. Guidry worked for 33
years at Marathon Oil Corporation in a number of senior executive capacities,
most recently serving as Vice President of Business Development.In addition,
Mr. Guidry was President of Marathon's Libya subsidiary and led the company's
central Africa business unit, overseeing project expansions in Equatorial
Guinea, Gabon and Angola.Mr. Guidry also served as regional Vice President
for Marathon's United States production operations.

Mr. Guidry stated, "I am looking forward to joining the VAALCO team and
continuing to build upon an exciting future for the Company, its employees and
shareholders."

Robert Gerry will continue as Chairman of the Board of Directors.In addition,
VAALCO announced that its Board of Directors has established the position of
lead independent director, and appointed James Jennings, former Chairman of
Hunt Oil Company, to serve in that capacity. 

Mr. Gerry stated, "The Board of Directors and the entire management team at
VAALCO look forward to Steve's arrival. We believe his knowledge of the
international arena, particularly Africa, coupled with his wide industry
experience, will be a catalyst for the future growth of VAALCO."

Fred Brazelton, who served as Chairman of the VAALCO Board's search committee,
stated, "Steve has a demonstrated track record of successfully building
growth-oriented businesses.We believe this experience, combined with that of
the existing team at VAALCO, will lead to exciting opportunities for the
Company.The Board of Directors would also like to thank Bobby Gerry for his
16 years of successfully guiding VAALCO as CEO and look forward to his
continued contributions."

Forward-Looking Statements

This document includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements are
those concerning VAALCO's plans, expectations, and objectives for future
drilling, completion and other operations and activities. All statements
included in this document that address activities, events or developments that
VAALCO expects, believes or anticipates will or may occur in the future are
forward-looking statements. These statements include expectations regarding
VAALCO's growth, opportunities and future success. Such statements are subject
to a number of assumptions, risks and uncertainties, many of which are beyond
VAALCO's control. These risks include, but are not limited to, inflation,
general economic conditions, oil and gas price volatility, the Company's
success in discovering, developing and producing reserves, lack of
availability of goods, services and capital, environmental risks, drilling
risks, foreign operational and political risks, and regulatory changes. These
and other risks are further described in VAALCO's annual report on Form 10-K
for the year ended December 31, 2012, its Form 10-Q for the second quarter
filed on August 8, 2013, and other reports filed with the SEC which can be
reviewed at http://www.sec.gov, or which can be received by contacting VAALCO
at 4600 Post Oak Place, Suite 300, Houston, Texas 77027, (713) 623-0801.
Investors are cautioned that forward-looking statements are not guarantees of
future performance and that actual results or developments may differ
materially from those projected in the forward-looking statements. VAALCO
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events, or
otherwise.

About VAALCO

VAALCO Energy, Inc. is a Houston based independent energy company principally
engaged in the acquisition, exploration, development and production of crude
oil. VAALCO's strategy is to increase reserves and production through the
exploration and exploitation of oil and natural gas properties with high
emphasis on international opportunities. The company's properties and
exploration acreage are located primarily in Gabon, Angola and Equatorial
Guinea in West Africa.

Investor Contact                     Media Contact
Robert L. Gerry                      Tim Lynch / Jed Repko
Chairman and Chief Executive Officer Joele Frank, Wilkinson Brimmer Katcher
713-623-0801                         212-355-4449

SOURCE VAALCO Energy, Inc.
 
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