Press Release (U.S.)

Asigra Chosen by Energy Company as Technology Component of Compliance Solution
VAALCO Energy Addresses Sarbanes-Oxley Compliance with NetMass Online Backup Service Based on Asigra Technology

TORONTO May 2, 2006 – Asigra™, the technology specialists in agentless distributed backup and recovery software for network computing, today announced that VAALCO Energy, Inc. (AMEX: EGY) has implemented Asigra technology in an automated backup/recovery solution that ensures Sarbanes-Oxley compliance. Online data backup and recovery services are delivered through NetMass, Inc., a Texas-based provider of Internet office solutions to help businesses realize secure data protection. Utilizing Asigra agentless backup/restore technology, VAALCO satisfactorily met its audit requirements in a year-end review of accountability in financial records management.

To achieve regulatory compliance and ensure shareholder confidence, publicly traded VAALCO Energy adheres to the highest standards of accountability. In a December audit of financial data backup and recovery processes, VAALCO successfully addressed the stipulations related to regulatory compliance.

“Utilizing NetMass online data backup services with Asigra software enabled us to meet auditors’ exhaustive requirements for compliance, including proof of security, data integrity, and validity of backup and restore processes, “ said Robert Walston, IT and Purchasing Supervisor at VAALCO. “We took advantage of a free trial and found that their service based on Asigra technology met our criteria, from hot backup of SQL databases to offsite storage and automated policy-based processes.”

“VAALCO Energy has been quick and effective in implementing the best technologies available to secure the company’s essential financial records,” said Mark Martin, CEO at NetMass. “The results of their recent audit prove the efficacy of the NetMass/Asigra solution for protecting indispensable and irreplaceable data. In terms of taking a proactive approach to regulatory compliance, VAALCO is a great role model for other oil and gas companies just beginning to address Sarbanes-Oxley regulations.”

“Many companies remain immobilized amidst the fear, uncertainty, and doubt surrounding Sarbanes-Oxley and other regulations,” said Eran Farajun, executive vice president of Asigra. “But VAALCO has demonstrated that backup compliance can be achieved quickly, economically, and reliably with the right data backup/recovery solution such as the NetMass online backup service based on Asigra technology.”

About VAALCO Energy
VAALCO Energy, Inc. (www.vaalco.com) is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO’s strategy is to increase reserves and production through a program that balances lower-risk acquisitions and exploratory drilling on domestic acreage with high-potential international prospects. The company’s properties and exploration activities are located in the Texas Gulf Coast region and offshore in Gabon, West Africa.

About NetMass
NetMass, Inc. was founded in 1998 and is headquartered in Dallas. The company’s Internet solutions help businesses of all sizes realize secure data protection, business continuity, and improved productivity. With its Safe Data™ suite of products, NetMass delivers online backup, data storage, file sharing, remote access, and disaster recovery solutions. Visit www.netmass.com for more information.

About Asigra
Asigra is the award-winning leader in remote office/branch office online backup/recovery with more than three petabytes of data under protection. Since 1986, the company’s agentless Televaulting™ solution has centralized data management and eliminated the pricing and performance problems created by agent-based tape backup software in multi-site enterprises. Televaulting addresses state, Federal and international regulatory compliance demands by backing up remote/branch office data to the data center. Data is encrypted both in-flight over the WAN and at-rest. Televaulting is offered by leading resellers and service providers worldwide including to deliver highly secure data protection. Privately held Asigra is headquartered in Toronto, Canada with partner offices located globally. For more information, visitwww.asigra.com.