VAALCO Energy has completed the First Exploration Phase at Block CI-705 offshore Côte d'Ivoire and received government approval to proceed to the Second Exploration Phase. The block, where VAALCO holds a 70% interest, is located near existing oil fields and shows promising geological prospects. The next phase includes further seismic studies, relinquishing 25% of the block, and drilling an exploration well by the end of 2028. This progress supports VAALCO's strategy to grow production and reserves in Africa.
VAALCO Energy's update on the Côte D'Ivoire Block CI-705 provides context for energy sector investors. For readers following energy stocks, here is Pluang's market snapshot as of Nov 09, 2026 11:51 WIB: out of 79 priced US energy stocks, 16 rose and 63 fell. Notable movers include SEDG at USD 27.78 with a 1-day change of -7.46% and a typical hold time on Pluang of 35 days, VIST at USD 57.42 down 7.42% with a 13-day hold, and TRGP at USD 264.59 down 7.16% with an 11-day hold.
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