Vaalco Energy: Hitting The Jackpot

Vaalco Energy is rebounding strongly from prior production lows.  This is driven by successful Gabon drilling and (the routine) FPSO restart. The Gabon campaign's first five wells are progressing with a successful track record.  Management is likely to exercise additional drilling options. EGY had maintained a debt-free balance sheet.   This enabled operational flexibility and resilience through recent disruptions and field shutdowns.