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VAALCO SPUDS EXPLORATION WELL IN THE PHILIPPINES

 HOUSTON, March 4 /PRNewswire/ -- VAALCO Energy, Inc. (NASDAQ: VEIX), a Houston based exploration and production company, today announced its wholly owned subsidiary, Alcorn (Production) Philippines, Inc. has spudded the West Linapacan B-1 test well.
 The West Linapacan B-1 well is located 5 miles southeast of the West Linapacan "A" field in approximately 1,020 feet of water depth offshore Palawan Island, the Republic of the Philippines. The well is being drilled by the Diamond M - Odeco drillship "Ocean Clipper" to a total depth of 8,000 feet and is estimated to be completed in 45 days.
 -0- 3/4/93
 /CONTACT: Karen Merryman, director financial reporting, investor relations of VAALCO Energy, Inc., 713-623-0801/
 (VEIX)


CO: VAALCO Energy, Inc. ST: Texas IN: OIL SU:

TS-OS -- NY059 -- 3171 03/04/93 16:52 EST
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Publication:PR Newswire
Date:Mar 4, 1993
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