VAALCO Energy, Inc. Announces Côte D'Ivoire Block CI-705 Update

VAALCO Energy announced completion of the First Exploration Phase at Block CI-705 offshore Côte d'Ivoire and received government approval to proceed to the Second Exploration Phase. The company, which operates the block with a 70% working interest, reported encouraging prospectivity with structural and stratigraphic traps in proven play types. The Second Exploration Phase includes seismic reprocessing and a commitment to drill an exploration well by end of 2028.