Vaalco Energy, Inc. Announces Positive Operational Update in Gabon and Côte D?Ivoire

Published: 2026-04-21 05:20:35 ET EGY

Published on 04/21/2026 at 05:20 am EDT

Vaalco Energy, Inc. announced positive operational updates in Gabon regarding the ongoing drilling program, including encouraging initial well results on the Etame 14H well and mobilized the rig to the Ebouri platform. Successfully drilled, completed and placed on production the Etame 14H development well in an attic position within the Main Fault Block of the Etame field, with a lateral of 325 meters of net pay in high-quality Gamba sands; Achieved excellent initial flow rate of approximately 4,850 gross barrels of oil per day (?BOPD?), 2,850 BOPD net to Vaalco; Encountered 325 meters of net pay in high-quality Gamba reservoir sands with better-than-expected porosity and permeability; Continued the drilling campaign in offshore Gabon, with the rig mobilization to the Ebouri platform and drilling has commenced on the EEBOM-5H development well; Targeting an updip/attic position for the EEBOM-5H well by sidetracking from the previously abandoned EEBOM-5P well; Baobab Ivorien Floating Production Storage and Offloading Vessel (?FPSO?) has completed its 47-day tow from the Dry Dock World shipyard in Dubai, where it underwent a complete refurbishment, and arrived back in Côte d?Ivoire on April 2. The FPSO is now fully moored back on its original location and is beginning the process of reconnecting the risers and umbilicals. Restart of production remains on track for Second Quarter 2026.