Houston – October 12, 2026 -- VAALCO Energy (NYSE: EGY, LSE: EGY) has brought the Ebouri-5H development well online offshore Gabon at an initial rate above 8,000 gross barrels of oil per day (BOPD), or 4,700 BOPD net to the company, with very low water cut.

Ebouri-5H hits 300 meters of net pay in Gamba sands

The well was drilled at the top of the Ebouri structure with a 300-meter lateral of net pay in high-quality Gamba sands. VAALCO completed the well and placed it on production as part of its ongoing Gabon drilling campaign.

Houston – October 12, 2026 -- VAALCO Energy has placed the ETBNM-3 gas-supply well in offshore Gabon on production, securing enough gas for field operations, liftings and power needs and cutting reliance on higher-priced diesel.

ETBNM-3 reservoir quality exceeds pre-drill estimates

The well targets the Dentale D-15 reservoir in the crestal portion of the North Tchibala structure. Vaalco reported strong porosity and permeability and more than 10 meters of net reservoir pay, both above pre-drill estimates.

Houston – October 12, 2026 -- Vaalco Energy declared a third-quarter 2026 cash dividend of $0.0625 per share, equal to $0.25 annualized, marking its 19th consecutive quarterly payout.

Vaalco sets September 22 payment date for record holders on August 21

The dividend is payable on September 22, 2026, to stockholders of record at the close of business on August 21, 2026. The company trades on both the NYSE and the London Stock Exchange under the ticker EGY.

Houston – – October 12, 2026 -- Vaalco Energy reported Q2 2026 net income of $42.4 million ($0.39 per diluted share), against a net loss of $93.8 million ($0.90 per share) in Q1. Adjusted EBITDAX rose almost fivefold to $54.8 million from $11.6 million. In Q2 2025, the company earned $8.4 million ($0.08 per share).