Key Takeaways EGY finished drilling the ET-14P exploration well, but it encountered a water-bearing reservoir.VAALCO found about 10 meters of Gamba sands, aligned with the pre-drill geological expectations.EGY plans to drill the ET-14H development well toward a proven Etame area, with completion expected in April.VAALCO Energy (EGY) , an independent exploration and production company, has recently finished drilling the ET-14P exploration well at the Etame field, which was part of its Phase Three drilling pr ...

Core Viewpoint - Vaalco Energy, Inc. has provided an operational update regarding its Phase Three Drilling Program offshore Gabon, indicating the completion of the Etame West ET-14P exploration well, which encountered water-bearing sands, leading to plans for a sidetrack to drill the ET-14H development well [1][2]. Group 1: Operational Update - The Etame West ET-14P exploration well encountered 10 meters of high-quality Gamba sands but was found to be water-bearing, leading to the decision to plug and abandon the lower portion of the well [1]. - The well bore will be sidetracked to drill the ET-14H development well in the Main Fault Block of Etame, pending partner approval, with operations expected to be completed in April [1][2]. Group 2: Company Background - Vaalco Energy, Inc. is an independent energy company based in Houston, Texas, with a diverse portfolio of production, development, and exploration assets across multiple countries including Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria [3].

HOUSTON , March 05, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) today announced the timing of its fourth quarter and full year 2025 earnings release and conference call. The Company will issue its fourth quarter and full year 2025 earnings release on Thursday, March 12, 2026 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Friday morning, March 13, 2026 at 9:00 a.m. Cent ...

Company Update - VAALCO Energy (EGY) has recently announced that the Floating Production Storage and Offloading (FPSO) unit, which was undergoing major repairs and upgrades, has successfully left the shipyard [2] Industry Insights - The oil and gas sector is characterized as a boom-bust, cyclical industry, requiring patience and experience for successful investment [2] - There is a focus on identifying undervalued and under-followed oil companies, as well as out-of-favor midstream companies that present compelling investment opportunities [2]

Group 1 - VAALCO Energy (EGY) has recently updated that the FPSO undergoing major repairs and upgrades has left the shipyard, indicating progress in operational capabilities [2] - The company is part of a cyclical industry characterized by boom and bust cycles, requiring patience and experience for successful investment [2] - The investment group Oil & Gas Value Research focuses on under-followed oil companies and out-of-favor midstream companies, providing a platform for investors to discuss recent information and share ideas [2]

Company Overview - Vaalco Energy, Inc. is an independent energy company based in Houston, Texas, with a diverse portfolio of production, development, and exploration assets across Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria [2] Upcoming Events - Vaalco will participate in the SpareBank 1 Markets Energy Conference in Oslo, Norway, where CEO George Maxwell is scheduled to present on February 25, 2026 [1] Investor Relations - An updated investor presentation has been posted on Vaalco's website, available for stakeholders to review [2]

Core Viewpoint - Vaalco Energy, Inc. has announced positive operational updates in Gabon and Cote d'Ivoire, highlighting significant drilling results and a strategic partnership that positions the company for substantial production growth by 2030 [1][4]. Gabon Drilling Highlights - The Etame 15H-ST well has been successfully drilled and completed, achieving a stabilized flow rate of approximately 2,000 barrels of oil per day (BOPD) with a 38% water cut [6]. - The company is actively managing the well to stabilize pressure and reservoir management [6]. - A new exploration well in West Etame has been spudded, with a 57% chance of geological success, expected to reach the target zone by mid-March [6]. Cote d'Ivoire Highlights - Vaalco has been confirmed as the operator with a 60% working interest in the Kossipo field, which has an estimated 293 million barrels of oil equivalent (MMBOE) in place [4][6]. - A field development plan (FDP) is expected to be submitted in the second half of 2026, aimed at enhancing production in Cote d'Ivoire [4]. - The Baobab FPSO is on track to return to the field and commence production in Q2 2026, which, along with the Gabon drilling campaign, is anticipated to drive meaningful growth [4][6].

Core Viewpoint - Vaalco Energy, Inc. has declared a quarterly cash dividend of $0.0625 per share for Q1 2026, marking its 17th consecutive quarterly dividend, reflecting the company's strong cash-generative assets and commitment to returning value to shareholders [1][2]. Dividend Announcement - The quarterly cash dividend of $0.0625 per share is annualized to $0.25 and will be payable on March 27, 2026, to stockholders of record as of February 27, 2026 [1]. - Future dividends are subject to approval by the Board of Directors, which retains discretion over the declaration and payment of dividends based on various financial factors [6]. Company Overview - Vaalco Energy, founded in 1985 and incorporated in Delaware, is an independent energy company based in Houston, Texas, with a diverse portfolio of production, development, and exploration assets across multiple countries including Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria [2]. - The CEO, George Maxwell, emphasized the company's ability to create sustainable value through its high-quality, cash-generative assets and ongoing development projects [2].

Company Overview - Vaalco Energy, Inc. is an independent energy company based in Houston, Texas, founded in 1985, with a diverse portfolio of production, development, and exploration assets across Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria [1] Recent Developments - The company announced participation in non-deal road show meetings with prospective investors in Edinburgh, Scotland, scheduled for February 13, 2026 [1] - An updated investor presentation has been posted on the company's website [1] Project Updates - Key updates on the Baobab Ivoirien refurbishment project include the completion of dry dock work, as previously mentioned in the company's Third Quarter 2025 Results released in November [5]

Core Viewpoint - Vaalco Energy, Inc. has announced the sale of its non-core producing properties in Canada for approximately CAD 35.0 million (USD 25.6 million), with the effective date being February 1, 2026, and expected closure within 30 days, subject to customary conditions [1][2] Financial Summary - The Canadian properties have a current working interest production of approximately 1,850 barrels of oil equivalent per day (BOEPD) [1] - The sale price of CAD 35.0 million is equivalent to 2.7 times the trailing 12 months operational cash flow of approximately USD 9.7 million for the Canadian assets [2][10] Strategic Focus - The company aims to concentrate on its core assets that present significant drilling campaigns and growth potential, having generated CAD 82 million (USD 64 million) in operational cash flow since the acquisition of the Canadian assets [2] - The decision to sell the Canadian assets is aligned with the company's strategy to focus on high-quality assets with substantial development opportunities [2] Company Background - Vaalco Energy, Inc. is an independent energy company based in Houston, Texas, with a diverse portfolio of production, development, and exploration assets across several countries including Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria [3]