1st Oct 2020 13:28
Vaalco Energy Inc - Texas-based oil & gas firm - To begin acquiring 3D seismic data from Etame Marin block in offshore Gabon to find drilling targets. Estimates it will book costs between USD4 million and USD5 million for programme. Says "maintained strong production performance" in third quarter, with output of 4,370 barrels of oil per day, in mid-point of guidance and up 42% year-on-year.
Current stock price: 87.50 pence
Year-to-date change: down 41%
By Eric Cunha; [email protected]
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