Vaalco Energy strikes out at Gabon well, -5.9% AH

|By:, SA News Editor

Vaalco Energy (EGY) -5.9% AH comes up empty on an exploration well and subsequent sidetrack at its Dimba prospect offshore Gabon, the company's third miss in the area.

EGY says electric log data on the well indicates that the estimated recoverable reserves are uneconomic, and the well will be plugged and abandoned.