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VAALCO SPUDS FIRST OF TWO CONFIRMATION WELLS AT WEST LINAPACAN FIELD IN THE PHILIPPINES

 VAALCO SPUDS FIRST OF TWO CONFIRMATION WELLS AT
 WEST LINAPACAN FIELD IN THE PHILIPPINES
 HOUSTON, Nov. 27 /PRNewswire/ -- VAALCO Energy Inc., (Vancouver: VEI), a Houston based oil producer and explorer is pleased to announce that its wholly owned subsidiary Alcorn International Inc. has spudded the first of two confirmation wells on its West Linapacan oil discovery, offshore Palawan island, the Republic of the Philippines. The well is being drilled by the Japan Drilling Company ''Hakuryu V'' semi-submersible rig in 1,142 feet of water. The well will be drilled to a depth of approximately 6,000 feet and is expected to reach the primary zone of interest in early January 1992.
 The West Linapacan field was discovered by Alcorn in December 1990 and is estimated to contain up to 109 million barrels of recoverable oil. The two confirmation wells and the discovery well will be connected to an offshore floating production, treating and storage system. Production rates are anticipated to be 15,000 to 20,000 barrels of oil per day from the three wells, commencing in May 1992.
 -0- 11/27/91
 /CONTACT: W. Russell Scheirman of VAALCO Energy Inc., 713-963-8869/
 (VEI.) CO: VAALCO Energy, Inc. ST: British Columbia IN: OIL SU:


CH -- LA009 -- 7742 11/27/91 12:52 EST
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Publication:PR Newswire
Date:Nov 27, 1991
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