VAALCO to Test Avouma Prospect

VAALCO Energy is running casing to flow test an oil discovery in the EAVOM-1 exploration well located on the Avouma prospect offshore Gabon. Located 10.5 miles south of the VAALCO operated Etame Field, the Gamba sandstone appears to be of similar quality to the producing horizon of the Etame Field.

Log analysis indicates approximately 33 feet of oil saturated Gamba sandstone, and should test results indicate a commercial discovery, engineering studies will be undertaken to bring the new discovery onto production. Flow rates should be available within the next several days.