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Vaalco Energy Announces Hiring Of Steven Guidry As CEO

Source: www.gulfoilandgas.com 9/23/2013, Location: North America

VAALCO Energy, Inc announced that Mr. Steven Guidry will be joining the VAALCO management team on October 21, 2013, as its Chief Executive Officer. Mr. Guidry worked for 33 years at Marathon Oil Corporation in a number of senior executive capacities, most recently serving as Vice President of Business Development. In addition, Mr. Guidry was President of Marathon's Libya subsidiary and led the company's central Africa business unit, overseeing project expansions in Equatorial Guinea, Gabon and Angola. Mr. Guidry also served as regional Vice President for Marathon's United States production operations.

Mr. Guidry stated, "I am looking forward to joining the VAALCO team and continuing to build upon an exciting future for the Company, its employees and shareholders."

Robert Gerry will continue as Chairman of the Board of Directors. In addition, VAALCO announced that its Board of Directors has established the position of lead independent director, and appointed James Jennings, former Chairman of Hunt Oil Company, to serve in that capacity.

Mr. Gerry stated, "The Board of Directors and the entire management team at VAALCO look forward to Steve's arrival. We believe his knowledge of the international arena, particularly Africa, coupled with his wide industry experience, will be a catalyst for the future growth of VAALCO."

Fred Brazelton, who served as Chairman of the VAALCO Board's search committee, stated, "Steve has a demonstrated track record of successfully building growth-oriented businesses. We believe this experience, combined with that of the existing team at VAALCO, will lead to exciting opportunities for the Company. The Board of Directors would also like to thank Bobby Gerry for his 16 years of successfully guiding VAALCO as CEO and look forward to his continued contributions."

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