VAALCO Energy

Houston – October 12, 2026 -- VAALCO Energy (NYSE: EGY, LSE: EGY) has brought the Ebouri-5H development well online offshore Gabon at an initial rate above 8,000 gross barrels of oil per day (BOPD), or 4,700 BOPD net to the company, with very low water cut.

Ebouri-5H hits 300 meters of net pay in Gamba sands

The well was drilled at the top of the Ebouri structure with a 300-meter lateral of net pay in high-quality Gamba sands. VAALCO completed the well and placed it on production as part of its ongoing Gabon drilling campaign.

Rig moves to SEENT platform for two development wells

The rig has been mobilized to the SEENT platform, where VAALCO plans to drill two development wells. The first, ETBNM-3, is planned as a directionally drilled slant well adjacent to the GMF-1X discovery well. It targets gas and condensate resources in the Dentale D15 reservoir from the crest of the North Tchibala structure.

Houston – October 12, 2026 -- VAALCO Energy has placed the ETBNM-3 gas-supply well in offshore Gabon on production, securing enough gas for field operations, liftings and power needs and cutting reliance on higher-priced diesel.

ETBNM-3 reservoir quality exceeds pre-drill estimates

The well targets the Dentale D-15 reservoir in the crestal portion of the North Tchibala structure. Vaalco reported strong porosity and permeability and more than 10 meters of net reservoir pay, both above pre-drill estimates.

The well adds no production or sales directly. CEO George Maxwell said it should improve field uptime and could lift output from existing wells over time by displacing diesel.

Houston – October 12, 2026 -- Vaalco Energy declared a third-quarter 2026 cash dividend of $0.0625 per share, equal to $0.25 annualized, marking its 19th consecutive quarterly payout.

Vaalco sets September 22 payment date for record holders on August 21

The dividend is payable on September 22, 2026, to stockholders of record at the close of business on August 21, 2026. The company trades on both the NYSE and the London Stock Exchange under the ticker EGY.

Houston – – October 12, 2026 -- Vaalco Energy reported Q2 2026 net income of $42.4 million ($0.39 per diluted share), against a net loss of $93.8 million ($0.90 per share) in Q1. Adjusted EBITDAX rose almost fivefold to $54.8 million from $11.6 million. In Q2 2025, the company earned $8.4 million ($0.08 per share).

Sales volumes rise 47% as Côte d'Ivoire production resumes

Vaalco sold 17,812 net revenue interest (NRI) barrels of oil equivalent per day (BOEPD) in Q2, above the midpoint of guidance and 47% higher than in Q1. Production reached 21,796 working interest BOEPD, or 16,688 NRI BOEPD, about 10% above Q1. Q2 included two liftings in Gabon and higher sales in Egypt.

Production at the Baobab field offshore Côte d'Ivoire restarted in June 2026 after a major refurbishment of the floating production storage and offloading vessel (FPSO). The first crude lifting from the field is scheduled for August 2026.