Vaalco Energy Inc. (VAW)
XDUS 
Summary
VAW Chart
Vaalco Energy: Drilling Campaign Overlap
Vaalco Energy is ramping up production as the Etame drilling campaign concludes and a new joint venture with Canadian Natural Resources begins. Recent Gabon drilling results have exceeded expectations. Cash flow is set to improve due to strong drilling outcomes and higher-than-anticipated commodity prices.
Vaalco Energy: The FPSO Is Now Coming Online
VAALCO Energy is nearing completion of a major FPSO refurbishment. EGY's strong balance sheet and prudent management enabled it to weather production shutdowns and finance necessary upgrades with manageable debt. Unexpectedly high commodity prices and Egyptian receivables recovery are providing additional cash flow tailwinds as production ramps up.
Vaalco Energy restarts production at Baobab in Côte d'Ivoire
Vaalco Energy Inc (NYSE:EGY, LSE:EGY) has restarted production at its Baobab field offshore Côte d'Ivoire after completing a refurbishment of the field's floating production vessel. The field, on the CI-40 block, is back online following work on the Baobab Ivoirien floating production, storage and offloading vessel, the Houston-based oil and gas producer said.
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Vaalco Energy Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | George Walter-Mitchell Maxwell CEO | XDUS Exchange | US91851C2017 ISIN |
| US Country | 281 Employees | 22 May 2026 Last Dividend | 12 Feb 2003 Last Split | 29 Jan 1993 IPO Date |
Overview
VAALCO Energy, Inc. stands as a notable independent energy company actively involved in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company’s operations are strategically spread across several key regions including Gabon, Egypt, Equatorial Guinea, and Canada. Founded in 1985 and with its headquarters in Houston, Texas, VAALCO Energy has established itself as a significant player in the global energy market. Its portfolio includes the Etame Marin block located offshore in the Republic of Gabon in West Africa, and significant interests in the Eastern and Western Deserts of Egypt, alongside assets in Canada and an undeveloped block in Equatorial Guinea, West Africa.
Products and Services
- Etame Marin Block, Gabon:
VAALCO Energy holds a 58.8% interest in the Etame production sharing contract concerning the Etame Marin block, which spans approximately 46,200 gross acres offshore in the Republic of Gabon, West Africa. This key asset focuses on the exploration and production of crude oil in a region known for its significant oil reserves.
- Eastern Desert Concessions, Egypt:
In the Eastern Desert of Egypt, VAALCO Energy owns a 100% interest in territories that encompass the West Gharib, West Bakr, and North West Gharib merged concessions, covering an area of around 45,067 acres. Moreover, it possesses the Western Desert’s South Ghazalat concession, covering approximately 7,340 acres. These territories are primarily engaged in the exploration and production of crude oil, leveraging Egypt's rich oil reserves.
- Canadian Assets:
The company has investments in Canada, particularly in Cardium light oil and Mannville liquids-rich gas assets near Calgary, Alberta, covering an area of 47,400 gross acres. These assets contribute to VAALCO’s diverse portfolio by adding significant value through the production of light oil and liquids-rich gas.
- Equatorial Guinea Block:
VAALCO Energy also holds interests in an undeveloped block offshore Equatorial Guinea, West Africa. This region presents potential growth opportunities for the company, signaling its intention to explore and possibly develop new energy sources in diverse geographical regions.
