VAALCO Energy Provides Update On Operations Offshore Angola

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Vaalco Energy (EGY) to Plug Kindele-1 Well Offshore Angola

March 30, 2015 4:25 PM EDT

Vaalco Energy (NYSE: EGY) announced that the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola, was drilled to a total vertical depth of approximately 1,829 meters. The objective reservoir, the Mucanzo sand formation in the Pinda Group section, was found to be water-bearing and the well is currently in the process of being plugged and abandoned.

Given the results of... More