VAALCO’s continued success from Gabon and Egypt drilling campaigns

With a drilling programme ongoing offshore Gabon, VAALCO Energy has reported impressive initial well results on the Ebouri-5H well and has mobilised a rig to the SEENT platform 

Successfully drilled, completed and placed on production the Ebouri-5H development well at the top of the structure with a lateral of 300 meters of net pay in high-quality Gamba sands. Tyhe company read excellent initial flow rate, which shot past 8,000 gross barrels of oil per day, 4,700 bopd net to Vaalco, with very low water cut.

The company aimed directional drilling of the slant well, lying adjacent to GMF-1X discovery well so that gas and condensate resources in the Dentale D15 reservoir from the crest of the North Tchibala structure can be accessed for operational use.

Natural gas obtained in this manner can be leveraged directly, significantly reducing the costs of higher priced diesel that is currently transported to the field by vessel. 

In line with its 2026 onshore drilling schedule in Egypt, the company has completed drilling of the first well in the region. The HE-9 development well that has encountered 26 meters of net pay in the Asl B reservoir is now placed on production. The well has  achieved excellent initial flow rate of 529 gross BOPD, above Vaalco’s predrill expectations.

George Maxwell, Vaalco’s Chief Executive Officer, commented, “We are very pleased with the continued positive results from our Gabon drilling campaign. The Ebouri-5H development well encountered 300 meters of net pay in high-quality Gamba sands in a crestal position within the Ebouri field. The well was brought online with initial rates exceeding 8,000 gross BOPD, or 4,700 net BOPD. We have mobilized the rig to the SEENT platform where we plan to drill two development wells. Our goal is to continue to successfully add production and reserves with the remainder of our Gabon drilling campaign. In Egypt, given the success of the 2025 drilling campaign, including captured efficiencies and accelerated technical subsurface evaluation, the Company is drilling additional wells in 2026. We completed and placed on production the HE-9 development well in early June, the first well in our 2026 drilling program, and are very pleased with the strong IP rates. With the Baobab field successfully restarted and the continued successes in the Gabon and Egypt drilling campaigns, we have many positive achievements year to date, and we believe that the remainder of 2026 will be profitable. We remain focused on execution and driving meaningful growth through our organic capital programs that we believe will translate into value for our shareholders in 2026 and beyond.”