VAALCO Energy, Inc. (NYSE: EGY) today announced that it will hold a conference call on Friday, December 12, 2014, at 10.00 a.m. Central Time (11.00 a.m. Eastern Time) to discuss the results of the recently completed Etame 8-H development well and the Company’s ongoing drilling campaign offshore Gabon.
Interested parties may participate by dialing (800) 288-8968. International parties may dial (888) 428-4473. The confirmation code is 347481. This call will also be webcast on VAALCO’s website at www.vaalco.com.
As previously announced, the Etame 8-H well was drilled and contacted 135 meters measured depth (horizontal) of high quality reservoir within the oil-bearing portion of the Gamba sand, with the wellbore encountering a 9 meters vertical oil column. VAALCO subsequently shut in Etame 8-H as the well was determined to be producing hydrogen sulfide (H2S) during the initial testing process. VAALCO has already begun the design of a crude sweetening facility that will allow the Company to redevelop the Ebouri field and provide sweetening capacity for future production from wells producing H2S, including Etame 8-H. As of last month, VAALCO and its partners were targeting a facility commissioning date in 2017. With the discovery of H2S at Etame 8-H, the Company is committed to redoubling its efforts to bring the crude sweetening facility on line as soon as practicable.
An audio replay will be available beginning approximately one hour after the end of the conference call through January 12, 2015, on the Company’s website and by dialing (800) 475-6701. International parties may dial (320) 365-3844. The confirmation code is 347481.
VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. VAALCO’s strategy is to increase reserves and production through the exploration and exploitation of oil and natural gas properties with high emphasis on international opportunities. The company’s properties and exploration acreage are located primarily in Gabon, Angola and Equatorial Guinea in West Africa.