VAALCO Energy, Inc. announced today the Southeast Etame No. 1 (“ETSEM-1”) exploration well completed drilling to a total depth of 9,045 feet (2,757 meters) offshore Gabon and encountered approximately sixteen feet (five meters) of Gamba sandstone section which logged oil full to base.
The ETSEM-1 well is being drilled on a prospect within the boundaries of the Etame Development Area, three miles (five kilometers) southeast of the Etame field. The Gamba sandstone section encountered in the ETSEM-1 well is the same reservoir that produces in the Etame, Avouma, South Tchibala and Ebouri fields.