VAALCO Energy, Inc. Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 17, 2024 at 02:00 am
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VAALCO Energy, Inc. reported production results for the fourth quarter and full year ended December 31, 2023. For the quarter, the company generated sales volumes of about 27,400 to 27,550 WI BOEPD or 21,725 to 22,125 NRI BOEPD; Delivered production of 23,100 to 23,500 WI BOEPD or 17,900 to 18,200 NRI BOEPD.
The company recorded full year 2023 sales volumes of 23,900 to 24,000 working interest ("WI") barrels of oil equivalent per day ("BOEPD") at the top of its guidance range of 23,050 to 24,000 WI BOEPD and sales volumes were 18,700 to 18,800 net revenue interest ("NRI") BOEPD above the top end of the Company's guidance range of 17,900 to 18,500 NRI BOEPD. Produced between 23,900 and 24,000 WI BOEPD for full year 2023, above the midpoint of its full year guidance range of 23,450 to 24,400 WI BOEPD; Full year 2023 production volumes were 18,700 to 18,800 NRI BOEPD at the top end of the Company's guidance range of 18,300 to 18,900 NRI BOEPD.
VAALCO Energy, Inc. is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids. The Companyâs segments include segments Gabon and Equatorial Guinea. It holds 58.8% participating interest in the Etame Marin block, located offshore Gabon in West Africa. The Etame Marin block covers an area of approximately 46,200 gross acres located 20 miles offshore in water depths of approximately 250 feet. The operations of all segments include exploration for and production of hydrocarbons where commercial reserves have been found and developed. The Company owns an interest in an undeveloped block offshore Equatorial Guinea, West Africa. The Company conducts its operating activities in Egypt, Canada, and offshore Gabon. In Egypt, its interests are spread across two regions: the Eastern Desert, which contains the West Gharib, West Bakr and Northwest Gharib merged concessions, and the Western Desert.
VAALCO ENERGY, INC. 
