VAALCO ENERGY - Key Persons

Job Titles:

• Chairman
• Chairman of the Board
• Member of the Audit Committee
• Member of the Compensation Committee
• Audit

Bio Mr. Fawthrop has served on the Board since October 2014 and as the Chairman of the Board since December 2015. Mr. Fawthrop has deep and broad-based experience in the oil and gas industry, including in West Africa, having served for 37 years with Unocal Corporation and Chevron Corporation (following its acquisition of Unocal in 2005) in a vast number of international leadership positions. Most recently, from January 2009 until his retirement in 2014, Mr. Fawthrop served as Chairman and Managing Director for Chevron Nigeria. Prior to his assignment in Nigeria, Mr. Fawthrop served as President and Managing Director for Unocal/Chevron Bangladesh from 2003 until 2007. In his professional career, Mr. Fawthrop held various positions of increasing responsibility for exploration activities around the world in geographies including China, Egypt, Indonesia, South America, Africa, Latin America, and Europe. Mr. Fawthrop served as a Member of the Advisory Board of Eurasia Group. He served as a Director of Hindustan Oil Exploration Co. Ltd. from 2003 to 2005. He was an active member of the United States Azerbaijan Chamber of Commerce, the Asia Society of Texas and the Houston World Affairs Council. Mr. Fawthrop holds a Bachelor of Science in Geology and Chemistry and a Masters degree in Marine Geology from the University of London.

Job Titles:

• Director
• Member of the Audit Committee
• Member of the Compensation Committee
• Audit

Bio Ms. Stubbs has served on the Board since June 2020. Ms. Stubbs has over 30 years of experience in the energy industry, most recently serving 17 years with Aspire Holdings, LLC (formerly Endeavour International Corporation), an independent international oil and gas exploration and production company focused in the North Sea and U.S. Ms. Stubbs held numerous roles at Aspire Holdings, LLC, including director and President and Chief Financial Officer from 2015 to 2021, Senior Vice President and Chief Financial Officer from 2013 to 2015, Vice President, Finance and Treasury, and other Corporate Development and Accounting roles from 2004 to 2013. Prior to joining Aspire Holdings, LLC she served as Assistant Controller, Financial Reporting and Corporate Accounting at Devon Energy, Inc. (formerly Ocean Energy, Inc.) from 1997 to 2004. Ms. Stubbs began her career in public accounting with KPMG, an international audit and business strategy consulting firm, where she rose to the title of Audit Manager. Ms. Stubbs is a Certified Public Accountant in the State of Texas and she currently serves on the board of directors of various charity and educational institutions. Ms. Stubbs holds a Bachelor of Business Administration and Master in Professional Accounting from the University of Texas at Austin. Ms. Stubbs' significant experience in accounting, finance, risk management and her service in various director and executive roles are expected to provide a valuable resource to the Board.

Job Titles:

• Chairman
• Member of the Compensation Committee

Edward LaFehr was appointed to TransGlobe Energy's Board of Directors in March 2019. He joined VAALCO's Board following the combination with VAALCO in October 2022. Mr. LaFehr retired from Baytex Energy Corporation in January of 2023 after serving 6 years as President and Chief Executive Officer. Mr. LaFehr has 40 years of experience in the energy industry working with Amoco, BP, Talisman, TAQA and Baytex, holding senior positions in North American, European and Middle Eastern regions. Prior to joining Baytex, he was President of TAQA's North American energy business and subsequently Chief Operating Officer for TAQA, globally. Prior to this, he served as Senior Vice President for Talisman Energy. From 2009 to 2011 Mr. LaFehr was Managing Director of Pharaonic Petroleum Company in Cairo, Egypt. He also served on BP Egypt's executive team and represented BP's interests on the Board of Directors of the Pharaonic JV as well as ENI's Petrobel JV with the Egyptian Government. Mr. LaFehr holds Masters degrees in geophysics and mineral economics from Stanford University and the Colorado School of Mines, respectively.

Job Titles:

• Director
• Member of the Audit Committee
• Member of the Compensation Committee
• Audit
• Bekale
• Chief Executive Officer of ACT Afrique

Fabrice Nze-Bekale joined the Board in January 2022. Mr. Nze-Bekale has over 25 years of experience in mining, banking, telecoms, M&A and international finance. Mr. Nze-Bekale has served on numerous boards and as a senior executive across his career. He currently serves as an independent director on the Board of Orabank Gabon, where he is also the Chairman of the Audit Committee and serves on the Risk Committee. From 2012 to 2020, he was a member of the Board of the Fonds Gabonais D'Investissements Strategiques, Gabon's sovereign wealth fund. Since 2017 Mr. Nze-Bekale has served as Chief Executive Officer of ACT Afrique based in Dakar, Senegal, providing strategic advisory and investment banking expertise to governments as well as to public and private entities in West Africa. Prior to joining ACT Afrique, he served as Chief Executive Officer of Societe Equatoriale Des Mines, and prior to that, he was Director of Investment Banking for Standard Bank PLC based in London from 2008 to 2011. Mr. Nze-Bekale is a Gabonese national and holds a Master's Degree in Finance and Financial Engineering from the University of Paris-Dauphine (France) with an MBA from the London Business School (UK).

Job Titles:

• Chief Executive Officer
• Director

Bio George Maxwell joined the Board in June 2020. Mr. Maxwell has over 25 years of experience in the oil and gas industry, including in both the producing and service/manufacturing arenas. Mr. Maxwell founded Eland Oil & Gas Plc. in 2009 and served as the company's Chief Executive Officer from September 2014 to December 2019, Chief Financial Officer from 2010 to 2014, and as a member of the board of directors from 2009 to 2019, until the company was acquired by Seplat Petroleum Development Company Pls. on December 17, 2019. Prior to founding Eland Oil & Gas Plc., Mr. Maxwell served as the business development manager for Addax Petroleum and, prior to this, commercial manager in Geneva. Mr. Maxwell joined Addax Petroleum in 2004 and held the general manager position in Nigeria, where he was responsible for finance, and fiscal and commercial activities. Prior to this, Mr. Maxwell worked with ABB Oil & Gas as vice president of finance based in the UK with responsibilities for Europe and Africa. He held a similar position in Houston, from where the organization ran its operations in ten countries. George was finance director in Singapore for Asia Pacific and Middle East, handling currency swaps and minimizing exposures during the Asian financial crisis of the late 1990s. Mr. Maxwell graduated from Robert Gordon University in Aberdeen with a Masters in Business Administration. George is a Fellow of the Energy Institute in the UK and has formerly served on the boards of directors of Elcrest Exploration and Production Nigeria Ltd. and Westport Oil Limited. Mr. Maxwell's significant experience serving in executive leadership positions and on the boards of E&P companies, as well as his experience in M&A and strong ties to the London investment community, are expected to provide invaluable insight, making him an important resource for the Board.

Job Titles:

• Chief Accounting Officer
• Controller
• Our Chief Accounting Officer and Controller

Bio Mr. Doornik joined VAALCO Energy as our Chief Accounting Officer and Controller in June 2019. Mr. Doornik has 20 + years of diversified accounting and finance experience, balanced among large companies and emerging companies as well as public accounting and industry experience. Prior to joining the Company, Mr. Doornik served as a consultant with Sirius Solutions from 2018 to May 2019. From 2015 to 2018, Mr. Doornik served as the Chief Accounting Officer and Controller of Fairway Energy, Houston based midstream company. Prior to joining Fairway Energy, in 2008 Mr. Doornik was hired by BPZ Resources, Inc. to serve as the Assistant Controller in November 2008 and was promoted to Corporate Controller in May 2011 where he served until October 2015. From June 2006 to April 2008 Mr. Doornik served as the Financial Reporting Manager of Grant Prideco, Inc. and its successor company, National Oilwell Varco, Inc. From June 2005 through June 2006, Mr. Doornik served a Senior Associate for The Siegfried Group. From August 1999 through June 2005, Mr. Doornik was employed by Ernst and Young LLP in the Assurance and Advisory practice and prior to that, from 1987 -1991, Mr. Doornik served as a Unit Supply Specialist in the US Army. Mr. Doornik received a Bachelor's degree in Business Administration and a Master's degree of Professional Accountancy from the University of Texas at Austin in August 1999.

Job Titles:

• Vice President of Treasury

Bio Ms. Ray has over 15 years of experience in the energy industry, working primarily for publicly traded companies, in various management, finance, and accounting positions. Prior to joining VAALCO, she served as a Financial Reporting and Advisory Director for Sirius Solutions, LLLP, for nearly 13 years. Major clients served included Ethos Offshore, Republic Services, Noble Corporation, Willbros Oil and Gas, JP Morgan/Bear Stearns, and GDF Suez - North America. Many of her clients have both domestic and international operations. From 2004-2007, Ms. Ray served as the Controller for Sirius Solutions. Ms. Ray began her career working for Ernst & Young, LLP in the Assurance and Advisory Services group. Ms. Ray holds a Bachelor of Business Administration and a Masters of Professional Accounting from the University of Texas at Austin and is a certified public accountant in the State of Texas.

Job Titles:

• Executive Vice President
• General Counsel

Bio Matthew Powers joined VAALCO in October 2022 as Executive Vice President and General Counsel. Prior to VAALCO, Mr. Powers served as Executive Vice President and General Counsel of ION Geophysical Corporation, a publicly traded, multinational company that provided equipment, software and services to the global energy and marine logistics industries. In his nine years at ION, Mr. Powers worked extensively on projects throughout the world, with a particular focus on Africa. Prior to ION, Mr. Powers served for several years in both transactional and litigation groups at Sidley Austin LLP, Mayer Brown LLP and Duane Morris LLP. His wide-ranging experience includes contract law, SEC compliance, M&A, dispute resolution and litigation oversight. Mr. Powers has an A.B. in Economics from the University of Colorado, Denver and a Juris Doctor from the University of Chicago Law School. Mr. Powers is a member of the State Bar of Texas.

Job Titles:

• Chief Financial Officer

Bio Ronald Bain joined VAALCO in June 2021 as Chief Financial Officer. Mr. Bain has over 25 years of oil industry experience including capital markets and statutory reporting, taxation and compliance in numerous African countries. Prior to VAALCO, Mr. Bain served as Finance Director of Subsea Services as well as Chief Financial Officer and a member of the board of Eland Oil & Gas Plc from July 2017 until the company was acquired by Seplat Petroleum Development Plc in December 2019. Mr. Bain began his career at Vetco Gray in 1987 then moved to Donside Paper Company in January 1990 and over a period of 9 years served in the Finance Department in roles of increasing responsibility including Financial Director. From August 1999 to June 2017, Mr. Bain worked at BJ Services and Baker Hughes in a variety of Regional Accounting Directorship and Controller roles. He led the financial integration planning for Baker Hughes during the GE Oil & Gas merger. Mr. Bain holds a Scottish Higher National Certificate in Accounting from Aberdeen College of Commerce. He qualified as a Chartered Accountant in 1993 with the Association of Certified Chartered Accountants and holds certifications in Financial Modelling & Valuation Analysis (Corporate Financial Institute CFI) and International Financial Reporting (ACCA).

Job Titles:

• Chief Operating Officer

Mr. Pruckl joined VAALCO in 2019 as Executive Vice President, International Operations to oversee activities in West Africa, Equatorial Guinea and Angola. Mr. Pruckl has over 30 years of domestic and international experience in both upstream and midstream operations and is well versed in both onshore and offshore operations from the seismic phase through to drilling and production. Mr Pruckl has been deemed an expert witness in several arbitrations and hearings on well-site/facility design and operations. He started his career with BP Resources Canada, and later joined Talisman Energy managing their sour gas assets in Northern Canada. From 1999 through 2003 he was based in Southern Sudan, then returning to Canada to manage Talisman's Northern Alberta assets. In 2006 Mr. Pruckl joined Nexen Energy and was based in Yemen managing Block's 51 & 14 including their marine terminal and offshore mooring facilities. From 2009 through 2012, Mr. Pruckl re-joined Talisman Australasia managing the Papua New Guinea assets, and in 2013 he was assigned to Horizon Oil in Australia to begin project development and operations readiness on gas monetization projects planned for Papua New Guinea. Mr. Pruckl joined Noble in 2013 as their Asset Develop Director for Equatorial Guinea, and was heavily involved in the commissioning and startup of the Alen offshore facilities, In 2014 he became Country Manager & Vice President of Noble Equatorial Guinea, managing Nobles on and offshore assets. Mr. Pruckl holds an undergraduate degree in agriculture/engineering from the University of Saskatchewan, Canada and a Master's degree in organizational leadership from Royal Roads University, Canada. Mr. Pruckl is a long-standing member of the Society of Petroleum Engineers.