The Constellation II will be mobilized to drill three additional development wells from the SEENT platform, beginning with a well to be drilled in the Southeast Etame field where the Company drilled a successful exploration well in 2010. The remaining two development wells in the six well campaign will target Dentale sand formations in the North Tchibala field.

The newly installed Etame and SEENT platforms are each equipped with eight well slots to provide for the option to drill up to five additional development wells from each platform after the completion of the current six well drilling campaign.

Steve Guidry , CEO, commented: “The spudding of the first well in this new drilling campaign offshore Gabon is a proud moment for VAALCO and the culmination of years of work. The successful installation of two new platforms to support production has been a complex operational undertaking involving employees throughout our Company and I could not be more proud of their collective achievement. We are now in a position to further develop the producing fields in the Etame Marin concession that have been the cornerstone of VAALCO’s growth and the creation of shareholder value.”