Vaalco Energy Inc (EGY)

VAALCO Energy restarts production at Baobab FieldJune 10, 2026 1:38 PM
IH Market News VAALCO Energy (NYSE:EGY) has restarted production at the Baobab field offshore Côte d’Ivoire after completing the FPSO refurbishment The vessel returned in early Q2 2026 following a nine-month upgrade and has been successfully reconnected to field infrastructure Production is currently running from four wells, with additional wells expected to come online soon and performance meeting expectations A Phase 5 drilling program planned for the second half of 2026 could deliver meaningful production growth through new wells and workovers VAALCO Energy (NYSE:EGY) announced that production has resumed at the Baobab field on the CI-40 block offshore Côte d’Ivoire, marking the completion of a major refurbishment program for the Baobab Ivoirien floating production storage and offloading (FPSO) vessel. The restart represents a key milestone for the company’s West African operations and positions the asset for future development activity. The FPSO had ceased hydrocarbon operations in January 2025 as part of a planned upgrade initiative. The vessel subsequently underwent a nine-month refurbishment program in Dubai, aimed at extending its operational lifespan and enhancing reliability. Following the work program, the FPSO returned to Côte d’Ivoire in early second quarter 2026, where it was successfully moored and reconnected to existing field infrastructure. This article is a journalistic opinion piece that has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice. Production has now resumed from four wells at the Baobab field. VAALCO indicated that the remaining three producing wells are expected to be brought back online in due course. According to the company, early performance from the restarted wells is in line with internal expectations, suggesting stable reservoir performance and operational readiness after the extended downtime. The refurbishment of the FPSO is a central component of VAALCO’s longer-term strategy for the Baobab asset. By upgrading the vessel’s capabilities, the company aims to support a more extensive development program and sustain production levels over a longer horizon. Management has highlighted that the improvements will enable the FPSO to accommodate increased throughput and operational demands associated with future drilling campaigns. Looking ahead, VAALCO plans to initiate a Phase 5 drilling program at the Baobab field in the second half of 2026. The program is expected to include four new production wells, two to three injection wells, and two workover operations. These activities are designed to enhance recovery rates and stabilize output from the main Baobab reservoir. The company noted that the planned drilling campaign has the potential to deliver “meaningful additions” to production, although specific output forecasts were not disclosed. The combination of resumed production and upcoming drilling activity is expected to contribute to VAALCO’s overall production profile and cash flow generation. “We have the CI-40 block license extended through 2038 and believe that there is significant development drilling upside at Baobab. In early 2024, we had no assets in Côte d’Ivoire and now we have developed a strong position with development and exploration potential,” VAALCO’s CEO, George Maxwell, stated in a media release. “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 impactful. 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.” The Baobab field has been a core asset within VAALCO’s portfolio in Côte d’Ivoire, and the successful restart underscores the company’s operational execution capabilities. For investors, the restart reduces uncertainty around the timing of production recovery following the FPSO upgrade and signals that the asset is ready to transition into its next phase of development. While the immediate focus remains on ramping up output from existing wells, the broader investment case for Baobab is increasingly tied to the success of the Phase 5 drilling program. The ability to efficiently bring new wells online and improve reservoir management through injection and workover activities will be key determinants of future production growth. Overall, the return of the Baobab field to production represents a significant operational achievement for VAALCO and reinforces the strategic importance of its Côte d’Ivoire assets within its portfolio. Investors are likely to monitor upcoming drilling milestones and production trends closely as the company advances its development plans through the remainder of 2026. Founded in 1985, VAALCO Energy Inc. is an independent energy company that engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, Cote d’Ivoire, Equatorial Guinea, Nigeria, and Canada. VAALCO Energy stock (NYSE:EGY) opened trading more than 3 per cent higher at US$5.53 and has risen more than 45 per cent since this time last year. Original: VAALCO Energy restarts production at Baobab Field

Scalping day traders and their million dollar blocks at the clo$e

Spread your wings baby

Watch her roar when the ASK gets slapped HARD

spec

It’s really not difficult math

Buy at $6 with the ~4% cash dividend
Probably over $8 in 12 months - mark this post possible growth far beyond $10 in 2 years

These guys deliver on the plan

It’s a trader’s dream too, gets thrown around like a rag doll on shallow clickbait garbage bot playing

Cheers

spec2

VAALCO Energy, Inc. Announces Positive Operational Update
April 21 2026 - 2:00AM

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VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) announced positive operational updates in Gabon regarding the ongoing drilling program, including encouraging initial well results on the Etame 14H well and mobilized the rig to the Ebouri platform. Additionally, the Company provided updates on the timing of bringing the Baobab field in CI-40 block, offshore Côte d’Ivoire back online.
Operational Highlights:

Successfully drilled, completed and placed on production the Etame 14H development well in an attic position within the Main Fault Block of the Etame field, with a lateral of 325 meters of net pay in high-quality Gamba sands;
Achieved excellent initial flow rate of approximately 4,850 gross barrels of oil per day (“BOPD”), 2,850 BOPD net to Vaalco;
Encountered 325 meters of net pay in high-quality Gamba reservoir sands with better-than-expected porosity and permeability;

Continued the drilling campaign in offshore Gabon, with the rig mobilization to the Ebouri platform and drilling has commenced on the EEBOM-5H development well;

Targeting an updip/attic position for the EEBOM-5H well by sidetracking from the previously abandoned EEBOM-5P well; and
Baobab Ivorien Floating Production Storage and Offloading Vessel (“FPSO”) has completed its 47-day tow from the Dry Dock World shipyard in Dubai, where it underwent a complete refurbishment, and arrived back in Côte d’Ivoire on April 2. The FPSO is now fully moored back on its original location and is beginning the process of reconnecting the risers and umbilicals. Restart of production remains on track for Q2 2026.
George Maxwell, Vaalco’s Chief Executive 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

Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria.

Vaalco’s Legal Entity Identifier (LEI) is 549300CFHFVIWB8M6T24.

For Further Information

Vaalco Energy, Inc. (General and Investor Enquiries) +00 1 713 543 3422
Website: www.vaalco.com

futr

now over $6.00

We have sour that will come to production soon

jmho

Brent-priced contracts and no exposure to the targeted shipping lanes …

FPSO arrives and restores production in Cote- dewhatever

Dang, this is so undervalued at $5’s it’s a trading point even now

spec

https://investorshub.advfn.com/stock-market/NYSE/vaalco-energy-EGY/stock-news/98043144/form-8-k-current-report
futr

great news for EGY today man that is a good field

jmho

https://stockcharts.com/sc3/ui/?s=EGY
day
another good day here!

futr

Man EGY is running big time and floating production platform will return soon


jmho

nwtf

Maybe you should ask old ssc what ERHE is doing , i think he has a big problem and he know it !
LOL
jmho

Ahhh yes. You used to respond to my posting all the time. LOL So you gave up on the Candian naked short narrative??? LOL

i still own ERHE !

Do you post on the ERHE board ?

Gave up on ERHE????? LOL

great news out only problem is retail got it a day later than the big boys


jmho

Chart looking like a classic ascending triangle

Primed for a breakout to the upside

Bring the volume and up&away she’ll go

spec

Maybe you should just find a new hobby because you haven’t a clue about the relationship between the production cycle Vaalco is working and the market value they’re building

Sheesh, microcap investment needs a lot more DD than you’ve put in on this one

Best of luck to you though

For other readers - check the company presentations, look back in their history, listen to their earnings conference calls - this dip in production volume was known long ago, the low crude prices are partially offset with hedges, and their SECOND FPSO refurb is underway … lots more there for all to see

Don’t listen to anyone who doesn’t put in the effort to understand the key components of each individual stock/company

Put in your own effort

They’re in good shape and EGY is currently undervalued IMO

Cheers

spec

Net income has plummeted and is going down further. I guess this is what happens when product drops in value.
Prior year Net Income = 22 cents per share
Current year Net Income = 2 cents per share
They saw a 10X reduction in net income, compared to prior year! And price of product is declining further.
Management should resign.

earning out and look ok

jmho

Where is the dam earning release for today


jmho

"Gas Prices Set for a Breakout in 2025"

https://oilprice.com/Energy/Natural-Gas/Gas-Prices-Set-for-a-Breakout-in-2025.html

"Equinor Expects Tight Winter Natural Gas Market in Europe"

https://oilprice.com/Latest-Energy-News/World-News/Equinor-Expects-Tight-Winter-Natural-Gas-Market-in-Europe.html

Egypt needs the hard $USD cash that comes from oil exports

Vaalco had the leverage to make huge progress on the “tax” vs “social program” payments

TGA couldn’t get paid (credit for oil delivered to government) and was put in an untenable situation

Vaalco pulled their carcass out of the fire and turned it into a profitable division

spec

$EGY pushing thru $6

Should have plenty of support to prevent a rollback

spec

Well, Gabon has performed reliably and there are new efficiencies that begin to trickle down after the one-off charges for the acquisitions roll off

spec

Roth MKM puts a price target of $8 on $EGY

Someone here agrees

spec

$EGY Vaalco presentation today 11AM Eastern, check website for registration details on upcoming live event (with replay available later)

EGY belongs north of $8 yet it’s hovering at $6 currently

Cheers

spec

good earning report

jmho

Shorts taking up the wasu

about time

jmho

How soon do we see $6.00 , then how soon $7.00

jmho

Good to get confirmation of favorable support from the post-coup leadership in Gabon

That removes a huge chunk of risk in the Gabon operation

Very informative conference call, worth a listen, IMO

EGY finally getting a little more recognition for its solid balance sheet (free of bank debt) and free cash flow

Nice acquisition with immediately accretive assets and broader diversification of revenue streams/forward strategies across several countries

Looking to see a continuation of this bullish trend as appreciation grows for their performance in growing Vaalco shareholder value

spec

VAALCO Energy, Inc. Provides Operational and Financial Update Including Production and Sales Volumes for Third Quarter 2023
October 16 2023 - 02:00AM
GlobeNewswire Inc.
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VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today provided an operational and financial update, including production and sales volumes for the third quarter 2023 and its increased cash and cash equivalents balance as of September 30, 2023.
Highlights and Key Items:

Strong operational performance in Gabon, Egypt and Canada continued to drive robust production and sales volumes in Q3 2023;
Produced nearly 19,000 net revenue interest (“NRI”) barrels of oil equivalent per day (“BOEPD”), at the upper end of VAALCO’s third quarter guidance range of 17,500 to 19,200 NRI BOEPD;
Recorded sales volumes of almost 19,900 NRI BOEPD, also at higher end of its guidance range of 18,400 to 20,600 NRI BOEPD;
Completed an additional crude sales lifting in Gabon of about 600,000 gross barrels of oil in the first week of October; and
Grew cash and cash equivalents to over $100 million at September 30, 2023, more than double cash and cash equivalents as of June 30, 2023.
George Maxwell, VAALCO’s Chief Executive Officer commented, “The good performance of our 2023 capital program in Egypt and Canada, coupled with the strong operational uptime in Gabon have driven our robust production. We raised production and sales guidance after our first half 2023 results and our continued strong performance has carried into the third quarter with both production and sales at the high end of our guidance ranges. Additionally, after completing the majority of our capex programs for 2023 in the second quarter, we forecast meaningful cash flow generation in the second half of 2023. As clearly evidenced from the more than doubling of our cash on hand to over $100 million at September 30, 2023, we are delivering this cash flow growth. In early October we also had another lifting in Gabon of about 600,000 gross barrels, which will add to our healthy cash position. We expect our ability to grow cash flow in the current high commodity price environment to continue through year-end. This robust cash reserve will allow us to fund our 2024 capital program, continue to return cash to shareholders through dividends and buybacks and provides meaningful financial optionality for the future.”

“It’s now been a year since the combination with TransGlobe occurred and we have focused on returning cash to shareholders, generating meaningful cash flow, maintaining and growing our production base, evaluating a larger portfolio of opportunities across multiple countries and continuing to drill our prospects. We continue to not only deliver on all of these accounts, but we have also exceeded expectations while building size and scale for the future. We are excited about 2024 and beyond with a clean balance sheet, growing cash position and robust operational performance.”

About VAALCO

VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with production, development and exploration assets in Africa and Canada.

Following its business combination with TransGlobe Energy Corporation (“TransGlobe”) in October 2022, VAALCO owns a diverse portfolio of operated production, development and exploration assets across Gabon, Egypt, Equatorial Guinea and Canada.

For Further Information


VAALCO Energy, Inc. (General and Investor Enquiries) +00 1 713 623 0801
Website: www.vaalco.com

futr

Seems like some folks are finally getting their vision back on the prospects of net neutral 2050

A fun little fantasy for kids to play with but the adults and realists are looking toward cleaner and more efficient use of fossil fuels and other natural resources that are essential for modern civilization

My V-ger project has popped up a flag for Gabon and BW Energy

They’re a partner with Vaalco and the operator of the 2 new blocks related to the partnership (PR dated 11 Oct, 2021) and it looks like they will be drilling an exploration well late 2023 with the Borr Norve

Gabon needs the production for the majority of the country’s tax revenue so I don’t see it getting interrupted by the coup fallout

Haven’t had the opportunity to dig into the details (and confirmation) yet

spec

About as stunning as Cal being shut down

and EIA still reported flat fuel

use for that week...

Hard to trust anything...

Egypt, last night also, announced big

plans to increase natural gas well

drilling with a big, ample supply

worldwide...

Snuck that bad news in when the

Gabon unrest news broke...

So we watch...LJ

On a positive note-

Flights to Gabon that are packaged with vacation accommodations are on sale this week …. deep discounts

Sheesh! This is exactly the geopolitical instability that I was hoping to avoid in Vaalco’s Gabon operations

A little bit of piracy offshore and a hefty government/social tax was plenty to deal with already

As long as the citizens of Gabon are sufficiently aligned with the military. it shouldn’t create much disruption in exports of crude because it brings in essential revenue

They won’t kill the golden goose

But they’ll need to keep the supply lines and labor market fully operational to maintain that cash flow

Plus, these days, you never know if the whole story is getting out

Looks like the swoon has paused at the $4 level, a 20% drop since last week

spec

I'm backkk...post any caution

to watch for now...

so we watch...LJ

How soon till $100.00 WTI ?

My guess end of August 2023


jmho

What a shittie report , no production numbers on completed wells Egypt or Canada , The CC will be a joke


jmho

something is wrong here

Something is wrong here ! They made $ 48 M in the quarter that included a reversal of $26 M. And $8 m gain due to some kind of agreement with Egypt ! The new TGA agrement was we pay Egypt 26 million up front and i think 10 million a year for 5 years ! Now if this was changed last year and not reported to stockholders someone is in trouble !

jmho

...'You want to believe'...

Several analysts are very confident of a return to >$100 crude this year

But on the balance, there are supply and trade issues putting significant pressure on the demand side that are keeping prices range bound ~$70-80 ish

Seems like a bottom has been put in for EGY

GOM lease auction coming up

The last Alaska (Cook inlet) sale had 1 bidder on 1 block

That’s a pretty stark statement on the viability of upstream drilling in AK under this administration

A decent round of awarded blocks would certainly boost domestic exploration

Until then, EGY is now better positioned geographically to reap the rewards of policy aligned for progress

spec

thanks WTIC now $68

I have funds headed to Schwab will be picking up more here also voc
both have nice div. so can wait for a rebound.

IMO oil/gas will be aroud a lot longer than many think. Farmers need diesel. So many other
products come from the oil industry. Even some power plants and fertilizer. Many house hold items even plastic is made from oil.

NT filed today

New deadline for late 10-K is March 31 eob

The bean counters need more time (must be an hourly rate, LOL)

Not a good market atmosphere to be late

Brent down to $73, a drop of $10 since Monday

EGY should post some good numbers for Q1 but the 10-K will be a chunk of data that’ll take a bit more deciphering regarding the accounting related to the merger and the FSO/field changes

spec

did I miss something we bougt Transglobal?

Light reading for a quiet board...

https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Warns-Of-An-Imminent-Oil-Supply-Shortage.html

So we watch...LJ

Was this a merger or what ?

Back on 12/23, Vaalco issued the following news release: Vaalco says its indirect wholly-owned subsidiary TransGlobe Energy Corp terminated its lending facility with ATB Financial.

What is interesting, is the term "indirect wholly-owned subsidiary".

In order to be a subsidiary, another corporation must own more than 50 percent of its stock. If it’s a wholly-owned/direct subsidiary, then another company owns 100 percent of its stock. Regardless of the percentage of ownership, a subsidiary must be a separate entity and not merely a division of the company operating under a separate name.

This might be the reason that TGA stockholder will be paying taxes on this so call merger. Secondly, TGA as a company still exist. Looking forward to seeing how the quarterly financial reports are handled.
From another site
JMHO

Thought it was a firework on Thursday,

but it says EGY up 5%...

https://finance.yahoo.com/quote/EGY/?p=EGY

So we watch...LJ

Has any TGA holders talked to the tax man yet , somehow it seems you got the shaft ! Broker reports show this was not a stock takeover but a outright sale !

better check your broker statements


jmho

Ohh, interesting alert on EGY

from my AI assistant, V-ger

Should be seeing a sustained uptic in volume and whale alerts to follow

Opec+ cuts, if they happen in Q1, will only delay the run

Locked and loaded, gonna get played hard before the 10K is filed

after that, it’ll be off the hook

sooner if good news

spec