VAALCO Energy Inc. reported its full year 2025 operational and financial results, recording sales volumes of approximately 22,100 working interest barrels of oil equivalent per day (BOEPD), which is at the top end of its guidance range of 20,800 to 22,200 BOEPD. The company produced approximately 21,150 BOEPD for the year, at the midpoint of its guidance. VAALCO increased its cash at bank by nearly $35 million, ending 2025 with $58.8 million, while funding its capital programs without any draws against its reserve based lending facility in the fourth quarter. The company also reported that all receivables in Egypt are now largely current, with outstanding accounts receivable from EGPC reduced from $113 million at the start of 2025 to $31 million at year-end, after invoicing over $129 million in revenue and collecting over $210 million during the year, including a $40 million industry payment in December. Operationally, VAALCO commenced its Phase Three Drilling Program offshore Gabon in the fourth quarter of 2025. The company drilled two pilot wells in the Etame field: ET-15P, which encountered high-quality reservoir sands and confirmed the presence of between 2.4 and 3.2 million barrels of oil in place, and ET-15P-ST1, which found multiple sand intervals with nine meters of net reservoir and four meters of net pay. Detailed analysis is underway to determine future commercial viability. A horizontal production sidetrack is currently being drilled, with production expected later in the first quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VAALCO Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9626179-en) on January 15, 2026, and is solely responsible for the information contained therein.