Equatorial Guinea Greenlights VAALCO's Venus-Block P Development, Setting Stage for Long-Term Energy Production

VAALCO Energy, Inc. (NYSE:EGY, LSE: EGY))))) ("VAALCO" or the "Company") today announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement ("JOA") related to the previously approved Venus-Block P Plan of Development ("POD"). The Block P Production Sharing Contract ("PSC") provides for a development and production period of 25 years from the date of approval of the POD.