The Canada and Africa-focused hydrocarbon explorer famous “impressive” drill effects from the Ebouri-5H smartly, offshore the West African country. It mentioned that the preliminary day-to-day float price used to be greater than 8,000 gross barrels of oil, of which 4,700 barrels are internet to Vaalco.
Additionally offshore Gabon, the corporate has mobilised the rig to its SEENT platform to drill the ETBNM-3 smartly, the place it is going to goal fuel and condensate assets within the Dentale D15 reservoir. Gasoline shall be used for operational functions within the box, thereby reducing down at the upper price of diesel which is lately being shipped to the realm.
In Egypt, Vaalco has drilled the HE-9 smartly and positioned it into manufacturing, reporting 26 metres of internet pay within the Asl B reservoir and an preliminary day-to-day float price of 529 barrels, which used to be greater than the corporate anticipated prior to drilling.
Leader Govt George Maxwell commented: “We are very pleased with the continued positive results from our Gabon drilling campaign…Our goal is to continue to successfully add production and reserves with the remainder of our Gabon drilling campaign.
Maxwell continued: “With the Baobab box effectively restarted and the ongoing successes within the Gabon and Egypt drilling campaigns, we have now many certain achievements 12 months up to now, and we consider that the rest of 2026 shall be successful. We stay serious about execution and using significant enlargement thru our natural capital techniques that we consider will translate into worth for our shareholders in 2026 and past.”
Ultimate week, the corporate resumed operations on the Baobab box at the CI-40 block offshore Ivory Coast, after a nine-month refurbishment of the Baobab floating manufacturing garage & offloading vessel in Dubai.
Vaalco stocks had been up 2.4% to 425.00 pence on Monday morning in London and are up 55% during the last 12 months.
Company Information Oil & Gasoline Vaalco Power
