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Re: eFinanceMarkets post# 261

Saturday, 07/22/2017 10:02:33 AM

Saturday, July 22, 2017 10:02:33 AM

Post# of 656
$EGY Vaalco Energy (EGY -2.2%) is lower today after reporting it shut in a well off Gabon because of problems with the electrical submersible pump months after bringing it back online.

EGY says the electrical submersible pump in the South Tchibala 2-H well failed, resulting in the well being temporarily shut-in; the well was producing ~1,300 gross bbl/day of oil (390 bbl/day net to the company) before being shut-in.

EGY says it does not plan to change its annual production guidance as a result of the shut-in.
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