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Bigtrade PT

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Bigtrade PT

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Monday, 05/25/2015 5:16:52 AM

Monday, May 25, 2015 5:16:52 AM

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"We should be getting the results from our latest development well soon. Results from the Etame 12-H were released April 14, 2015 and it takes 6 weeks to 2 months to drill a well.

The contracted jack up rig, the Transocean "Constellation II", is now being mobilized to drill additional development wells from the Southeast Etame/N. Tchibala ("SEENT") platform, beginning with the 2-H well in the Southeast Etame field, where the Company and its partners drilled a successful exploration well in 2010. Following the drilling of the Southeast Etame 2-H well, the rig will drill the North Tchibala 1-H well, the first of VAALCO's wells offshore Gabon to be drilled targeting the Dentale formation. No H2S is expected from the Southeast Etame/N. Tchibala fields."

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