HOUSTON and CALGARY, Alberta, Aug. 08, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO") and TransGlobe Energy Corporation (TSX: TGL; NASDAQ: TGA; AIM: TGL) ("TransGlobe") (VAALCO and TransGlobe together, the "Combined Company"), announces that VAALCO’s Board has approved a share buy-back program of up to US$30 million, equivalent to up to US$0.27/share(1), to be commenced promptly subject to completion of the proposed combination (the “Transaction”) of VAALCO and TransGlobe taking place.
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