VAALCO Energy, Inc. Provides Operational Update on Offshore Gabon Drilling Program

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].