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American Stock Exchange Lists Common Stock of VAALCO Energy Group, Inc.

NEW YORK, July 21 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today listed the common stock of VAALCO Energy Group, Inc. under the ticker symbol EGY.

VAALCO Energy, Inc. is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO focuses its efforts on international properties, where its strategy is to pursue selected opportunities that are characterized by reasonable entry costs, favorable economic terms, high reserve potential relative to capital expenditures and the availability of existing technical data that may be further developed using current technology. The Company's properties and exploration activities are located offshore Gabon, West Africa where the Company operates the Etame field.

"We are pleased to welcome VAALCO Energy to the substantial number of energy companies listed on the American Stock Exchange," said John McGonegal, senior vice president of the Amex Equities Group. "We look forward to working with them in building increased investor awareness and visibility within the investment community."

Robert Gerry, Chief Executive Officer of VAALCO stated, "We view the Amex listing as an important step forward towards increasing VAALCO's exposure to the investment community, and to enhance the liquidity of VAALCO's stock for the benefit of our stockholders."

The specialist in VAALCO Energy, Inc. will be Kellogg Capital Group. For further information on EGY and other Amex-listed companies, please visit http://www.amex.com/.

The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 138 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/.

CONTACT: Lynn Duffy, American Stock Exchange, +1-212-306-1654, lynn.duffy@amex.com

Web site: http://www.amex.com/
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Publication:PR Newswire
Geographic Code:1USA
Date:Jul 21, 2004
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