Vaalco Energy provides Q3 production, sales volume update

Vaalco Energy provided an operational and financial update, including production and sales volumes for the third quarter and its increased cash and cash equivalents balance as of September 30. The company highlighted: strong operational performance in Gabon, Egypt and Canada continued to drive robust production and sales volumes in Q3; produced nearly 19,000 net revenue interest barrels of oil equivalent per day, or boepd, at the upper end of Vaalco’s Q3 guidance range of 17,500 to 19,200 NRI boepd; recorded sales volumes of almost 19,900 NRI boepd, also at higher end of its guidance range of 18,400 to 20,600 NRI BOEPD; completed an additional crude sales lifting in Gabon of about 600,000 gross barrels of oil in the first week of October and grew cash and cash equivalents to over $100M at September 30, more than double cash and cash equivalents as of June 30, 2023.