Stephane Guy Foucaud's questions to VAALCO Energy Inc (EGY) leadership • Q1 2025
Question
Stephane Guy Foucaud asked how VAALCO would prioritize its major projects in Gabon, Cote d'Ivoire, and Equatorial Guinea if oil prices were to remain low. He also followed up with a question about the performance of the Ebouri well and its implications for the field's development economics.
Answer
Executive George Maxwell explained that African Production Sharing Contracts (PSCs) are resilient in low-price environments. He stated that enhancing production at existing facilities in Gabon and Cote d'Ivoire would be prioritized over new developments like Equatorial Guinea, though he noted all projects are economic at lower prices. Regarding the Ebouri well, Mr. Maxwell said its strong performance primarily provides confidence in their chemical treatment solution rather than altering the overall redevelopment economics, as it was considered a test well.