Mas buenas noticias de Vaalco. De momento el plan de drilling va sobre ruedas. Están produciendo casi un 70% mas que el año pasado y con mas que posible upside. Y pensar que hace unos trimestres estuvo por encima de 3$ y después por debajo de 1,25$. Ahora mismo esta muy barata.
VAALCO Announces Etame 11h Development Well Has Been Successfully Completed and Placed on Production at Higher Than Anticipated Rate
Initial Flow Rate From Etame 11h Lifts Current Total Company Net Production to 5,900 BOPD
HOUSTON, Jan. 08, 2020 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today provided an update on its 2019/2020 drilling program offshore Gabon and reported 2019 production volumes.
- Successfully completed the Etame 11H development well including approximately 860 feet of horizontal section in the Gamba reservoir;
- Brought the Etame 11H well onto production in early January 2020 at a higher-than-expected stabilized initial flow rate of approximately 5,200 gross barrels of oil per day (BOPD), 1,400 net(1) BOPD to VAALCO, with no H2S;
- Increased VAALCO’s current total Company net production to approximately 5,900 BOPD which includes production from the Etame 11H well;
- Commenced workover of the previously shut-in Etame 10H well to restore production; and
- Continued planning for drilling the SE Etame 4P appraisal wellbore following completion of the Etame 10H workover.
(1) As has been disclosed in the past, all “net” production rates and volumes are VAALCO’s 31% working interest less 13% royalty payment.