Sasol completes Gabon sale to Vaalco
Sasol has completed the sale of its 27.75% stake in a Gabonese licence to Vaalco.
Cary Bounds
Vaalco doubles down at Etame Marin
Vaalco Energy has struck a deal to buy out its partner, Sasol, from shared operations offshore Gabon.
No more spending for Vaalco this year
Vaalco Energy posted a net loss of $52.8 million for the first quarter of the year, driven by a non-cash charge of $59.1mn as a result of lower oil prices.
Vaalco nears rig release
Gabon-focused Vaalco Energy has completed the South East Etame 4H well at 2,200 barrels per day of oil.
Vaalco touts low breakeven for 2020
US-based Vaalco Energy reported net income of $2.6 million for 2019 from production of 3,476 barrels per day in Gabon.
Vaalco drills Etame Marin appraisal
US-based Vaalco Energy has found oil at its South East Etame 4P appraisal well, on Gabon’s Etame Marin permit.
Vaalco output rises on continued Gabonese success
Texas-based Vaalco Energy’s production in Gabon is more than 6,000 barrels per day of oil, up 73% from its 2019 average.
Second success for Vaalco in Gabon
Vaalco’s Etame 11H well in Gabon is producing at rates greater than had been expected before it was drilled, the Texas-based company said, boosting production.
Vaalco strikes Etame success in Gabon
Vaalco Energy has brought the Etame 9H well into production at a stabilised flow of 5,500 barrels per day, of which 1,500 bpd is net.
Despite loss, Vaalco tips better times ahead
Vaalco Energy has posted a loss for the third quarter, with realised oil prices slipping and production down.