Vaalco Power, a US-based vitality firm, accomplished drilling 4 improvement wells within the Jap Desert through the fourth quarter (This fall) of 2025. Three wells have been accomplished through the quarter, with the fourth completed in January 2026. The drilling program included an exploration properly within the H-Discipline within the Jap Desert, opening a brand new improvement space with an preliminary circulation fee of roughly 450 barrels of oil equal per day (boe/d).
The corporate additionally continued interventions, workovers, and optimization actions all through the fourth quarter of 2025 to boost manufacturing ranges. Vaalco expects common manufacturing from its actions in Egypt to vary between 10,300 and 11,400 boe/d within the first quarter (Q1) of 2026, in keeping with a press launch dated March 12.
“In 2025, we accomplished one other 12 months the place we delivered constant quarterly outcomes that both met or exceeded our steerage. We repeatedly raised manufacturing and gross sales steerage in 2025 and continued to ship on these elevated ranges,” mentioned George Maxwell, CEO of Vaalco Power.
The Egyptian authorities lowered its excellent receivables to Vaalco, bringing the stability all the way down to $31 million by the tip of 2025, in contrast with $113 million in the beginning of the 12 months.
For its monetary outcomes, Vaalco reported complete income of $30 million in This fall 2025, marking a 49% enhance from Q3 2025, pushed by larger manufacturing and gross sales volumes. Regardless of income development, the corporate posted a web lack of $58.6 million in contrast with web revenue of $1.1 million in Q3 2025. The decline was primarily “as a consequence of a non-cash impairment cost of $67.2 million associated to Canadian property held on the market”, in keeping with the discharge. Because of this the drop in earnings primarily displays an accounting adjustment: the corporate lowered the reported worth of Canadian property it plans to promote. This adjustment doesn’t contain precise money outflow, nevertheless it lowers the corporate’s reported revenue.
For the entire 12 months, Vaalco reported a web lack of $41.4 million in 2025, in contrast with web revenue of $58.5 million in 2024, primarily as a result of above-mentioned $67.2 million non-cash impairment cost, together with decrease realized oil costs and lowered gross sales volumes, notably in Côte d’Ivoire.
In February 2026, Vaalco accomplished the sale of all its producing Canadian property for roughly $25.5 million, which have been producing about 1,850 boe/d.
Alongside its operations in Egypt, the corporate kicked off its third section drilling marketing campaign in This fall of 2025 on the Etame Marin Block offshore Gabon.
