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VAALCO ANNOUNCES REVERSE STOCK SPLIT, LISTING ON THE NASDAQ AND DELISTING ON THE VANCOUVER STOCK EXCHANGE

 HOUSTON, Jan. 29 /PRNewswire/ -- VAALCO Energy Inc. today announced that it has effected a 1-for-10 reverse stock split of its common stock. As a result of the reverse stock split, each 10 shares of outstanding common stock, $.01 par value, was converted into one share of common stock, $.10 par value. VAALCO will pay record holders of common stock cash in lieu of fractional shares.
 VAALCO also announced that its registration statement with the Securities and Exchange Commission to register VAALCO's common stock was declared effective and that the common stock was approved for inclusion in the NASDAQ System (trading symbol "VEIX").
 VAALCO announced that in conjunction with the SEC registration of its common stock and the approval for listing of the common stock on the NASDAQ System, VAALCO has delisted the common stock from the Vancouver Stock Exchange.
 -0- 1/29/93
 /CONTACT: W. Russell Scheirman of VAALCO, 713-623-0801/
 (VEIX)


CO: VAALCO Energy Inc. ST: British Columbia IN: SU:

JB-LS -- LA029 -- 0882 01/29/93 15:49 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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