(1) Adjusted EBITDAX, Adjusted Net Income, Adjusted Working Capital and Free Cash Flow are Non-GAAP financial measures and are described and reconciled to the closest GAAP measure in the attached table under Non-GAAP Financial Measures. (2) All NRI sales and production rates are Vaalco's working interest volumes less royalty volumes, where applicable. (3) All WI production rates and volumes are Vaalco's working interest volumes, where applicable. (4) Payback of 1.8x is based on unaudited operational cash flow for the Côte d'Ivoire assets compared to the acquisition price of $40.2 million as of December 31, 2024.