VAALCO Energy Inc

Vaalco Energy is an African-focused independent oil and gas exploration and production company. It produces crude oil in Gabon, Egypt and Côte d'Ivoire and holds development and exploration assets in Equatorial Guinea.

In Gabon, it holds the offshore Etame Marin block, where the Phase Three drilling program was recently completed, and is part of the BWE Consortium on the Niosi and Guduma blocks. In Egypt, it runs an ongoing onshore development drilling and workover program. In Côte d'Ivoire, it holds interests in Block CI-40, including the Baobab field (Phase Five drilling under way) and the Kossipo field (operator, 60% WI). It also operates exploration license CI-705 (70% WI). In Equatorial Guinea, it operates the Venus discovery on Block P (60% WI), with a Final Investment Decision targeted for Q4 2026.

The company recently divested its Canadian assets. It sells crude oil at Brent-linked prices and hedges a portion of production with collars and puts. Development is funded through operating cash flow and a reserves-based lending facility. It pays a quarterly dividend and is listed on the NYSE and the London Stock Exchange under the symbol EGY. Updated Nov 5, 2026