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Vaalco Delivers Gabon ETSEM-3H Production; Baobab Phase 5 Drilling Begins

Oct 7, 2026, 2:18 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Positive production updates and commencement of Baobab Phase 5 could lift expected cash flow and 2027 production trajectory; potential re-rating on future growth, especially if 2027 guidance is incrementally raised.

AI summary

What happened, with direct paths to the underlying reporting

Vaalco Energy reported the offshore Gabon Phase 3 ETSEM-3H well is on production at about 2,000 gross BOPD (1,140 net to Vaalco) with the rig demobilized from SE Etame. In Côte d’Ivoire, Baobab Phase 5 drilling has begun, with the first producer online by year-end 2026 and meaningful production growth anticipated in 2027, underscoring a multi-country, self-funded growth trajectory for the company.

  • ETSEM-3H delivered ~2,000 gross BOPD (1,140 net to Vaalco) and rig demobilization completed.
  • Phase 3 drilling in Gabon is finished; Baobab Phase 5 drilling started offshore Côte d’Ivoire.
  • First Baobab producer expected online by end-2026 with meaningful 2027 production growth.
  • Vaalco emphasizes multi-country growth and self-funded pipeline to higher production and reserves.

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