VA A L C O E n e r g y h a s announced that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North T chibala (SEENT) platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands in the Gamba formation encountering approximately 20 feet of good-quality
Gamba oil sands, with similar reservoir quality as exists in the South East Etame 2H well. While the South East Etame 4P appraisal wellbore is drilled to a total depth of 6,31 1 feet. VAALCO currently estimates gross prospective resources of 1 to 2 million barrels of oil (MMBO), or 0.3 to 0.5 MMBO net revenue interest t o VAALCO, present i n t hi s newly discovered step out area and drilling did not encounter H S in the reservoir . 2 According to the company , operations