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VAALCO ENERGY INC. ANNOUNCES RESULTS OF FINAL TWO DRILL STEM TESTS

 VAALCO ENERGY INC. ANNOUNCES RESULTS OF FINAL TWO DRILL STEM TESTS
 HOUSTON, Jan. 20 /PRNewswire/ -- VAALCO Energy Inc. (Vancouver: VEI), announced the results of the final two drill stem tests ("DSTs") from the West Linapacan A-2 well. DST-3 and DST-4 flowed at a combined rate of 10,033 Barrels of Oil Per Day ("BOPD") through a 56/64 inch choke. The maximum rate gauged on a variable choke was 9335 BOPD for DST-4.
 The combined maximum rates for DSTs 1-4 exceeded 26,000 BOPD. The semi-submersible drilling rig Hakuryu V is preparing disengagement procedures of the A-2 well prior to moving over the West Linapacan A-1 well. The A-1 well will be re-entered and deep-ended to determine the depth of the oil/water contact. Deepening and logging the A-1 well is anticipated to require two weeks, after which the rig will commence drilling the West Linapacan A-3 delineation well.
 The company anticipates commercial production commencing May 1992 at a rate of approximately 20,000 BOPD from three wells in the West Linapacan field. VAALCO Energy, Inc., through its subsidiaries owns a 48.4 percent interest in the field.
 -0- 1/20/92
 /CONTACT: W. Russell Scheirman of VAALCO Energy Inc., 713-963-8869/
 (VEI.) CO: VAALCO Energy, Inc. ST: Texas IN: OIL SU:


JL -- LA017 -- 1474 01/20/92 14:44 EST
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Publication:PR Newswire
Date:Jan 20, 1992
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