• The final documents for the Joint Operating agreement (JOA) for the Venus-Block P Plan of Development have now been signed by all the partners. The JOA has also been approved by the EG government.
• The Block P PSC is for 25 years from the date of approval.
• FEED is expected in 2024, FID in 2025 with installation of facilities and drilling thereafter and ultimately production. We currently carry US$0.69 per share for EG in our valuation.
• There are multiple sources of potential upside on th ....
![working](/images/WorkingLarge.gif)
26 Mar 2024
VAALCO Energy (NYSE: EGY): EG unlocked
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VAALCO Energy (NYSE: EGY): EG unlocked
• The final documents for the Joint Operating agreement (JOA) for the Venus-Block P Plan of Development have now been signed by all the partners. The JOA has also been approved by the EG government.
• The Block P PSC is for 25 years from the date of approval.
• FEED is expected in 2024, FID in 2025 with installation of facilities and drilling thereafter and ultimately production. We currently carry US$0.69 per share for EG in our valuation.
• There are multiple sources of potential upside on th ....