Vaalco Energy announces global drilling results
- The Ebouri-5H development well came online with an initial flow rate exceeding 8,000 gross barrels of oil per day.
- The newly completed HE-9 onshore well flowed 529 gross barrels of oil per day, beating internal predictions.
- Organic capital programs in West Africa and North Africa are driving the company's production-focused growth pipeline.
VAALCO Energy (NYSE:EGY) executed successful drilling completions across its international asset portfolio, bringing new development wells online in offshore Gabon and onshore Egypt.
The company encountered 300 meters of net pay in high-quality Gamba sands during the drilling of its crestal Ebouri-5H well.
The primary African operational metrics reveal that the Gabon asset yielded 4,700 net barrels of oil per day, while the North African HE-9 asset hit 26 meters of net pay in the Asl B reservoir.
Following the announcement, VAALCO Energy's share price was up at $5.46.
The corporate group stated that the successes in Gabon, Egypt, and the recently restarted Baobab field in Côte d'Ivoire contribute to many positive achievements year to date.
The company expects that the remainder of 2026 will be profitable based on these accelerated technical subsurface evaluations and ongoing extraction efficiencies.
