VAALCO
ENERGY, INC. ANNOUNCES PUBLICATION OF
2023
SUSTAINABILITY REPORT
HOUSTON - April 30, 2024 -
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY)
("VAALCO" or the "Group") today announced that it has issued
its 2023 Sustainability Report, which is now available on VAALCO's
web site, www.vaalco.com,
within the Sustainability section.
The report covers VAALCO's
environmental, social and governance ("ESG") initiatives and
related key performance indicators for the financial year
2023. During 2023, the business greatly
enhanced its leadership team, appointing new Group-level heads of
function to centralize accountability and to set global standards,
processes and plans for the business that align with industry best
practices. Furthermore, the appointment of a Director of
Sustainability and Regulatory Reporting has enabled a holistic
approach to ESG management, performance and disclosure.
Commenting on the newly-issued
Sustainability Report, Chief Executive
Officer George Maxwell said, "Following our
strategic combination with TransGlobe Energy Corporation in 2022, a
key focus has been on establishing Group-wide ways-of-working that
reflect our position as a diversified global E&P business with
operations across multiple jurisdictions. Hiring experienced
professionals to lead our global functions has enabled us to
execute our strategic objectives more effectively at each operating
location. We remain focused on safety, environmental stewardship
and sustainable growth."
Thor Pruckl, Chief Operating
Officer, commented, "This Sustainability
Report represents our most detailed reporting in accordance with
the Task Force on Climate-related Financial Disclosures (TCFD) to
date, including assessment of business resilience and impact of
physical climate risk. As we continue to drive our decarbonization
program, we are pleased to report a 19% reduction in Scope 1
emissions from the previous year. The emission reductions achieved
align with the goals and direction of the countries in which VAALCO
operates."
"Effective management and monitoring
of our ESG performance continues to be important to our business
and our stakeholders. We believe our 2023
Sustainability Report successfully communicates the progress we
have made to date on our ESG journey."
About
VAALCO
VAALCO, founded in 1985 and
incorporated under the laws of Delaware, is a Houston, U.S.-based,
independent energy company with a diverse portfolio of operated
production, development and exploration assets across Gabon, Egypt,
Equatorial Guinea and Canada.
For Further Information
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VAALCO Energy, Inc. (General and
Investor Enquiries)
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+00 1 713 543 3422
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Website:
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www.vaalco.com
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Al Petrie Advisors (US Investor
Relations)
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+00 1 713 543 3422
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Al Petrie / Chris Delange
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Buchanan (UK Financial
PR)
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+44 (0) 207 466 5000
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Ben Romney / Barry Archer
/ Chris Judd (ESG) / Maddie Percival
(ESG)
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VAALCO@buchanan.uk.com
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