HOUSTON, April 21, 2026 (GLOBE NEWSWIRE) — VAALCO Vitality, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) introduced optimistic operational updates in Gabon concerning the continuing drilling program, together with encouraging preliminary effectively outcomes on the Etame 14H effectively and mobilized the rig to the Ebouri platform. Moreover, the Firm offered updates on the timing of bringing the Baobab discipline in CI-40 block, offshore Côte d’Ivoire again on-line.
Operational Highlights:
Efficiently drilled, accomplished and positioned on manufacturing the Etame 14H growth effectively in an attic place inside the Major Fault Block of the Etame discipline, with a lateral of 325 meters of web pay in high-quality Gamba sands; Achieved wonderful preliminary circulation price of roughly 4,850 gross barrels of oil per day (“BOPD”), 2,850 BOPD web to Vaalco;Encountered 325 meters of web pay in high-quality Gamba reservoir sands with better-than-expected porosity and permeability; Continued the drilling marketing campaign in offshore Gabon, with the rig mobilization to the Ebouri platform and drilling has commenced on the EEBOM-5H growth effectively; Concentrating on an updip/attic place for the EEBOM-5H effectively by sidetracking from the beforehand deserted EEBOM-5P effectively; and Baobab Ivorien Floating Manufacturing Storage and Offloading Vessel (“FPSO”) has accomplished its 47-day tow from the Dry Dock World shipyard in Dubai, the place it underwent a whole refurbishment, and arrived again in Côte d’Ivoire on April 2. The FPSO is now totally moored again on its unique location and is starting the method of reconnecting the risers and umbilicals. Restart of manufacturing stays on observe for Q2 2026.
George Maxwell, Vaalco’s Chief Govt Officer, commented, “We continue to see positive results from our Gabon drilling campaign. The Etame 14H development well encountered 325 meters of net pay in high-quality Gamba sands in an attic position within the Main Fault Block at Etame. We are very pleased with the initial well rates of around 4,850 gross BOPD, or 2,850 net BOPD and are excited to add this new production. We have mobilized the rig to the Ebouri platform where we are drilling a development well and plan to workover two other wells. Our goal is to continue to successfully add production and reserves with the remainder of our Gabon drilling campaign. At Côte d’Ivoire, we have the Baobab FPSO on location and is in the process of reinstallation and forecast that restarting production from the Baobab field is on track for the end of Q2 2026. We are at a critical junction, with successes in the Gabon drilling campaign and the Baobab field returning to production, and we believe that the remainder of 2026 will be very 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.”
About Vaalco
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Vaalco, based in 1985 and integrated underneath the legal guidelines of Delaware, is a Houston, Texas, USA primarily based, unbiased vitality firm with a various portfolio of manufacturing, growth and exploration property throughout Gabon, Egypt, Côte d’Ivoire, Equatorial Guinea, and Nigeria.
Vaalco’s Authorized Entity Identifier (LEI) is 549300CFHFVIWB8M6T24.
For Additional Data
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Vaalco Vitality, Inc. (Common and Investor Enquiries)+00 1 713 543 3422Website:www.vaalco.com Al Petrie Advisors (US Investor Relations)+00 1 713 543 3422Al Petrie / Chris Delange Burson Buchanan (UK Monetary PR)+44 (0) 207 466 5000Barry ArcherVAALCO@buchanan.uk.com
Ahead Trying Statements
Data on this press launch consists of “forward-looking statements” inside the which means of Part 27A of the Securities Act of 1933, as amended and Part 21E of the Securities Alternate Act of 1934, as amended, that are supposed to be coated by the secure harbors created by these legal guidelines and different relevant legal guidelines and “forward-looking information” inside the which means of relevant Canadian securities legal guidelines (collectively, “forward-looking statements”). The place a forward-looking assertion expresses or implies an expectation or perception as to future occasions or outcomes, such expectation or perception is expressed in good religion and believed to have an inexpensive foundation. All statements apart from statements of historic truth could also be forward-looking statements. The phrases “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan” and “probably” or comparable phrases might establish forward-looking statements, however the absence of those phrases doesn’t imply {that a} assertion is just not forward-looking. Ahead-looking statements might embrace, however are usually not restricted to, statements regarding (i) estimates of future drilling, manufacturing, gross sales and prices of buying crude oil, pure gasoline and pure gasoline liquids; (ii) expectations concerning future exploration and the event, development and potential of Vaalco’s operations, challenge pipeline and investments, and schedule and anticipated advantages to be derived therefrom; (iii) expectations concerning future acquisitions, investments or divestitures; (iv) expectations of future dividends; (v) expectations of future stability sheet energy; and (vi) expectations of future fairness and enterprise worth.
Such forward-looking statements are topic to dangers, uncertainties and different components, which may trigger precise outcomes to vary materially from future outcomes expressed, projected or implied by the forward-looking statements. These dangers and uncertainties embrace, however are usually not restricted to: dangers regarding any unexpected liabilities of Vaalco; the flexibility to generate money flows that, together with money available, might be ample to help operations and money necessities; dangers regarding the timing and prices of completion for scheduled upkeep of the FPSO servicing the Baobab discipline; and the dangers described underneath the caption “Risk Factors” in Vaalco’s most up-to-date Annual Report on Type 10-Okay and subsequent Quarterly Reviews on Type 10-Q filed with the SEC.
Any forward-looking assertion made by Vaalco, on this press launch, relies solely on info at the moment out there to Vaalco and speaks solely as of the date on which it’s made. Besides as could also be required by relevant securities legal guidelines, Vaalco undertakes no obligation to publicly replace any forward-looking assertion, whether or not written or oral, that could be made now and again, whether or not because of new info, future developments or in any other case.
Inside Data
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This announcement incorporates inside info as outlined in Regulation (EU) No. 596/2014 on market abuse which is a part of UK home legislation by advantage of the European Union (Withdrawal) Act 2018 (“MAR”) and is made in accordance with the Firm’s obligations underneath article 17 of MAR. The individual answerable for arranging the discharge of this announcement on behalf of Vaalco is Matthew Powers, Company Secretary of Vaalco.
