Exploration & Production
VAALCO Energy Provides Bakken Drilling Update
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VAALCO Energy, Inc. (NYSE: EGY) today provided an update on its recent activities.
United States:
VAALCO is in negotiations with a third party to participate in the evaluation of stimulation options for a formation deeper than the Bakken/Three Forks formation in the EPU #120 vertical well and in the drilling of additional prospects. EPU #120 was the first of three planned 2012 wells on the Company's Poplar Dome concession in Roosevelt County, Montana. EPU #133H, the second well in the concession, has been horizontally drilled, fractured and completed in the Middle Bakken formation. The objective reservoir was found to be water-bearing and EPU #133H will be temporarily suspended to evaluate options. VAALCO is currently evaluating up to four additional drilling locations in the Poplar Dome…
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