Condensed Statements Of Consolidated Operations (USD $) In Thousands, except Per Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenues:
Oil and gas sales	$ 37,350	$ 32,604	$ 142,669	$ 96,285
Operating costs and expenses:
Production expenses	4,473	4,815	15,513	15,881
Exploration expense	1,264	695	3,572	2,114
Depreciation, depletion and amortization	5,153	4,542	17,796	12,860
General and administrative expenses	2,580	949	8,055	5,855
Bad debt expenses	4,061		4,061
Total operating costs and expenses	17,531	11,001	48,997	36,710
Operating income	19,819	21,603	93,672	59,575
Other income (expense):
Interest income	53	26	136	89
Other, net	700	(327)	1,098	(554)
Total other income (expense)	753	(301)	1,234	(465)
Income before income taxes	20,572	21,302	94,906	59,110
Income tax expense	17,117	7,369	65,046	26,839
Net income	3,455	13,933	29,860	32,271
Less net income attributable to noncontrolling interest	(1,056)	(1,482)	(4,436)	(3,816)
Net income attributable to VAALCO Energy, Inc.	$ 2,399	$ 12,451	$ 25,424	$ 28,455
Basic net income per share attributable to VAALCO Energy, Inc. common shareholders	$ 0.04	$ 0.22	$ 0.45	$ 0.50
Diluted net income per share attributable to VAALCO Energy, Inc. common shareholders	$ 0.04	$ 0.22	$ 0.44	$ 0.50
Basic weighted shares outstanding	57,072	56,435	57,023	56,428
Diluted weighted shares outstanding	57,878	57,193	57,993	56,923