VAALCO ANNOUNCES SOUTH EAST ETAME 4H WELL HAS BEEN SUCCESSFULLY COMPLETED AND PLACED ON PRODUCTION
VAALCO Energy, Inc. (EGY)
US:NYSE Investor Relations:
vaalco.com/about-us/governance
Company Research
Source: GlobeNewswire
HOUSTON, March 25, 2020 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today provided an update on the successful completion of its 2019/2020 drilling program as well as an operational update. Highlights Successfully completed the South East Etame 4H development well including approximately 750 feet of horizontal section in the Gamba reservoir;Brought the South East Etame 4H well onto production on March 21, 2020 at an initial flow rate of approximately 2,200 gross barrels of oil per day (“BOPD”), 600 BOPD net revenue interest (“NRI”) to VAALCO;Commenced workover of the South East Etame 2H well to replace the electric submersible pumps (“ESPs”) and expects to restore production around the end of March; andTo date, operations have not been materially disrupted by current worldwide COVID-19 crisis. Cary Bounds, Chief Executive Officer, commented, “We are proud of the highly successful 2019/2020 drilling campaign in which we have drilled an
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