Vaalco Energy: Another Successful Well

Vaalco Energy: Another Successful Well

VAALCO Energy is initiating overlapping drilling campaigns in Gabon and the Ivory Coast. The recent gas well will reduce operational expenses by replacing costly diesel. Q3 guidance reflects full production from the FPSO and new wells, projecting a significant production increase and a slight upward revision to full-year guidance. Dual drilling campaigns introduce upside potential for production growth. Each quarter should show material growth as each drilling campaign proceeds for the time being.