Exhibit 99.1 VAALCO ENERGY, INC. ANNOUNCES FIRST QUARTER 2024 RESULTS HOUSTON – May 7, 2024 - VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and financial results for the first quarter of 2024. First Quarter 2024 Highlights and Recent Key Items: ● Closed the accretive all cash acquisition of Svenska Petroleum Exploration AB (“Svenska”) for a net purchase price of $40.2 million; ● Following the planned shutdown for maintenance in April, the Baobab field is ba ...