General News of Wednesday, 19 January 2000

Source: source vaalco energy, inc.

No oil deposits in Ghana?

HOUSTON, Jan. 18 /PRNewswire/ -- Hunt informed VAALCO Energy, Inc that the Ghana Cape Three Points, Sanzule Prospect, WCTP-2X well was drilled to a total depth of 10,785 feet. After encountering non-commercial oil shows, Hunt elected to plug and abandon the well.

VAALCO Energy, Inc. has a 6.49% interest in the Ghana well.