06:00 AM EST, 11/09/2026 (MT Newswires) -- Vaalco Energy (EGY.L) will advance to the second exploration phase at Block CI-705 offshore Côte d'Ivoire after receiving government approval. The second phase includes further seismic reprocessing, relinquishment of 25% of the block, and a commitment to drill an exploration well by the end of 2028, according to a Monday filing. The London-listed oil and gas company operates the block with a 70% working interest.

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