VAALCO ENERGY INC

Ticker: EGY CUSIP: 91851C201 Class: COM NEW

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 93,500 Value ($000) $87 Avg Close $0.81 Range $0.64 - $0.91

Q2 2015

Shares 43,000 Value ($000) $92 Avg Close $1.91 Range $1.64 - $2.20

Q3 2013

Shares 14,500 Value ($000) $81 Avg Close $4.83 Range $4.27 - $5.36

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	93,500	$87	$0.81	$0.64 - $0.91
Q2 2015	43,000	$92	$1.91	$1.64 - $2.20
Q3 2013	14,500	$81	$4.83	$4.27 - $5.36