VAALCO Energy, Inc. Announces Unaudited Sales Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 14, 2024 at 03:00 am EDT
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VAALCO Energy, Inc. announced unaudited sales results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported NRI Crude oil, natural gas and natural gas liquids sales of 1,994 MBOE compared to 1,371 MBOE a year ago.
For the full year, the company reported NRI Crude oil, natural gas and natural gas liquids sales of 6,832 MBOE compared to 3,677 MBOE a year ago.
VAALCO Energy, Inc. is an independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Cote dâIvoire, Equatorial Guinea, and Canada. It is engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids. It owns a working interest in, and is the operator of, the Etame PSC related to the Etame Marin block located offshore Gabon in West Africa. The Etame Marin block covers an area of about 46,200 gross acres located 20 miles offshore in water depths of about 250 feet. It owns an interest in an undeveloped block offshore Equatorial Guinea, West Africa. In Egypt, its interests are spread across two regions: the Eastern Desert and the Western Desert. In Harmattan, Canada, it owns production and working interests in Cardium light oil and Mannville liquids-rich gas assets. It also owns a working interest in the Baobab field in Block CI-40, offshore Cote dâIvoire in West Africa.