Niosi Marin & Guduma Marin Blocks (Gabon) — project

Two adjacent offshore exploration blocks in Gabon held by VAALCO as a member of the BWE Consortium under production sharing contracts with the Gabonese Government, with a 37.5% non-operating working interest. The Niosi Marin block (2,989 km2) has an initial five-year exploration period to 2029 with a commitment to acquire new 3D seismic and drill one well; the Guduma Marin block (1,929 km2) has an initial three-year period to 2027 with geological and geophysical study commitments. The blocks are adjacent to the Etame PSC. No proved reserves are booked.