X0306 4 2021-03-03 0 0000894627 VAALCO ENERGY INC /DE/ EGY 0001243048 Prochnow Elizabeth D 9800 RICHMOND AVE. SUITE 700 HOUSTON TX 77042 0 1 0 0 Chief Financial Officer Common Stock 2021-03-03 4 A 0 33439 0.00 A 120862 D Employee Stock Option (right to buy) 3.14 2021-03-03 4 A 0 52764 0.00 A 2022-03-03 2031-03-03 Common Stock 52764 52764 D Represents shares of restricted stock granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan. The shares vest in three equal annual installments beginning on the first anniversary of the date of grant. On March 3, 2021, the reporting person was granted an option to purchase 52,764 shares of common stock. The option vests in three equal annual installments beginning on the first anniversary of the date of grant based upon satisfaction of stock price appreciation of 15.0%, 32.5% and 52.5%, respectively, using a 30-day average stock price from the stock price on the date of the grant. /s/Elizabeth Prochnow by Michael G. Silver as Attorney-in-Fact 2021-03-05