VAALCO Energy Provides Operational Update
VAALCO Energy, Inc. (EGY)
US:NYSE Investor Relations:
vaalco.com/about-us/governance
Company Research
Source: GlobeNewswire
HOUSTON, Aug. 03, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") today provided an update on the South Tchibala 1HB-ST well, as well as updated full year production guidance. Highlights South Tchibala 1HB-ST well: Penetrated a thin section of the Gamba sand that is not economically viable to complete in this wellbore;Discovered two potential Dentale producing zones, the Dentale D1 sand and the Dentale D9 sand;Completed the Deep Dentale D1 sand interval with a small frac pack; This sand interval has good quality oil with low gas oil ratio ("GOR”) that has produced an average of 150 to 200 net revenue interest (“NRI”) barrels of oil per day (“BOPD”);Production rates have been well below the minimum recommended operating range of the electrical submersible pump (“ESP”) which has required more frequent well cycling to prevent ESP damage; Plan to evaluate and recomplete the D9 interval during the next drilling campaign; Expected higher oi
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