VAALCO Energy, Inc. Spuds First Well in Phase Three Drilling Program Offshore Gabon

Core Viewpoint - Vaalco Energy, Inc. has initiated its Phase Three Drilling Program offshore Gabon, starting with the ET-15 infill well on the Etame platform, aiming to enhance production and create shareholder value [1][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 multiple countries including Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, Nigeria, and Canada [3]. Drilling Program Details - The drilling rig arrived in late November 2025, and the first well, ET-15, has been spudded. The program will initially focus on the Etame platform, followed by operations at the SEENT and Ebouri platforms to enhance production and potentially add reserves [2]. - The company secured the drilling rig in December 2024 in conjunction with its Phase Three Drilling Program, collaborating with an affiliate of Borr Drilling [2]. Future Growth Expectations - As Vaalco enters 2026, it anticipates significant growth driven by major projects in Gabon and Côte d'Ivoire, which are expected to translate into value for shareholders throughout the decade [2].