NYSE Welcomes VAALCO Energy as its 15th Transfer in 2006

VAALCO Energy, Inc.

The New York Stock Exchange has welcomed VAALCO Energy, Inc., ranked the #1 fastest growing company by Fortune Magazine in 2006, as its 15th transfer to the Exchange and seventh transfer from AMEX year-to-date.

VAALCO Energy (NYSE: EGY), a global independent energy company engaged in exploration, development and production of crude oil, joins the NYSE Group as the 20th energy company listing in 2006. The company, with a market cap of $425 million, brings the total market capitalization for all NYSE Group energy listings to $3.1 trillion.

Based on market capitalization, 96% of the qualified domestic energy-related stocks are currently listed on NYSE Group.

Recent energy listings on NYSE Group in 2006 include Helix Energy Solutions (NYSE: HLX) with a market cap of $3.04 billion; Penn West Energy Trust (NYSE: PWE) with a market cap of $6.1 billion; and CNX Gas Corporation (NYSE: CXG) with a market cap of $4.1 billion.

"We are pleased to welcome VAALCO Energy, Inc. to our family of listed companies," said NYSE Group, Inc. President & co-COO Catherine R. Kinney. "Ranked as a pioneer in its industry, VAALCO Energy will take its place among fellow energy leaders as a NYSE Group -listed company. We look forward to an outstanding partnership with VAALCO Energy and providing the company and its shareholders with the unsurpassed visibility and liquidity offered by the NYSE market."

To celebrate the company's listing, Chairman & CEO Robert L. Gerry, III will ring The Opening Bell.