Printer Friendly

VAALCO ENERGY INC. ANNOUNCES SALE OF CRUDE OIL

 VAALCO ENERGY INC. ANNOUNCES SALE OF CRUDE OIL
 HOUSTON, Sept. 17 /PRNewswire/ -- VAALCO Energy Inc.


(Vancouver: VEI) announced the sale of a total of 1,500,940 barrels of crude oil achieved in four liftings from the West Linapacan oil field.
 West Linapacan field, located offshore Palawan Island, Republic of the Philippines, began oil production May 29, 1992. The 33.5 API gravity crude has been exported to establish its marketability and value in the world market. Price for the 1,500,940 barrels averaged $17.08/barrel. Monthly liftings of an estimated 450,000 bbl. volume are scheduled through the remainder of 1992.
 VAALCO Energy Inc. has a 31.0 percent working interest and a 39.50 percent revenue interest in the field.
 -0- 9/17/92
 /CONTACT: W. Russell Scheirman of VAALCO Energy, 713-963-8869/
 (VEI.) CO: VAALCO Energy Inc. ST: Texas IN: OIL SU:


JL -- LA019 -- 0584 09/17/92 11:09 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 17, 1992
Words:155
Previous Article:REYNOLDS METALS AND SUMITOMO LIGHT METAL ENTER JOINT TECHNICAL AGREEMENT
Next Article:QUALITY PRODUCTS, INC. IMPROVES FINANCIAL POSITION
Topics:


Related Articles
VAALCO SPUDS FIRST OF TWO CONFIRMATION WELLS AT WEST LINAPACAN FIELD IN THE PHILIPPINES
VAALCO ENERGY INC. ANNOUNCES RESULTS OF FINAL TWO DRILL STEM TESTS
VAALCO ENERGY INC. WEST LINAPACAN A-1 WELL UPDATE
VAALCO ENERGY, INC. ANNOUNCES OIL FLOW FROM WEST LINAPACAN FIELD
VAALCO ENERGY INC. ANNOUNCES APPOINTMENT
VAALCO ENERGY, INC. ANNOUNCES TWO-YEAR EXTENSION
VAALCO ANNOUNCES SUCCESSFUL SIDETRACKING OF WEST LINAPACAN A-3 WELL
VAALCO Energy, Inc. Announces Sale of Marketable Securities for Gain of $0.7 Million and Repayment of $3.44 Million of Debt
VAALCO to Acquire Interests in International Properties and Form Domestic Exploration Venture
VAALCO Energy Names Gregory R. Hullinger as Chief Financial Officer.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters