VAALCO Energy, Inc. Provides Production and Sales Guidance for the First Quarter and Full Year 2024
March 14, 2024 at 03:00 am EDT
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VAALCO Energy, Inc. provided production and sales guidance for the first quarter and full year 2024. For the first quarter, the company expects WI production to be 21,700 BOEPD to 22,400 BOEPD and NRI production to be 16,800 BOEPD to 17,300 BOEPD.
For the full year, the company expects WI production to be 20,800 BOEPD to 23,400 BOEPD and NRI production to be 16,100 BOEPD to 18,300 BOEPD.
For the first quarter, the company expects WI Sales Volume to be 16,800 BOEPD to 21,800 BOEPD and NRI Sales Volume to be 12,600 BOEPD to 16,800 BOEPD.
For the full year, the company expects WI Sales Volume to be 20,800 BOEPD to 23,300 BOEPD and NRI Sales Volume to be 16,100 BOEPD to 18,300 BOEPD.
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.