New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 8, 2012
16:33 EDTEGYVAALCO Energy announces N'Gongui 2 well is being drilled in Mutamba Iroru
VAALCO Energy announced that the N'Gongui 2 exploration well being drilled onshore Gabon in the Mutamba Iroru concession has encountered hydrocarbons in the objective Gamba sandstone section. Company commented: "With our partner, Total Gabon, we have elected to drill this well as a "tight hole" and therefore specifics of the operation will not be released until a later date. Suffice to say that VAALCO is excited about the results as the reservoir encountered is the same oil bearing sandstone that produces so prolifically from our offshore fields in Gabon. We are presently conducting additional operations to ascertain the size of the reservoir, reserves and plan of development." The discovery is located approximately six miles south of the producing Atora field operated by Total Gabon, and future development plans will investigate connecting into the field's export pipeline.
News For EGY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 16, 2014
16:53 EDTEGYVAALCO Energy commences new drilling campaign offshore Gabon
VAALCO Energy announced the commencement of a new six well drilling campaign offshore Gabon on its Etame Marin block. The development drilling campaign follows the recent on-schedule installation of the Etame platform and the Southeast Etame/North Tchibala platform. All work on this project was accomplished without a safety or environmental incident. All six wells in the current drilling campaign are development wells and VAALCO has spudded the first well, Etame 8-H, using the contracted Transocean "Constellation II" jack-up rig. The Constellation II rig will be used to drill two additional development wells, each targeting the Gamba sand formation in the Etame field, where VAALCO has been producing oil since 2002 utilizing subsea wells. First oil production from the Etame 8-H well is expected in December. The Constellation II will be mobilized to drill three additional development wells from the SEENT platform, beginning with a well to be drilled in the Southeast Etame field where the company drilled a successful exploration well in 2010. The remaining two development wells in the six well campaign will target Dentale sand formations in the North Tchibala field. The newly installed Etame and SEENT platforms are each equipped with eight well slots to provide for the option to drill up to five additional development wells from each platform after the completion of the current six well drilling campaign.
October 13, 2014
05:36 EDTEGYVAALCO Energy management to meet with Global Hunter
Meetings to be held on the West Coast October 13-15 hosted by Global Hunter.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use