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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>A diverse portfolio of exploration and development projects exposes Vaalco to significant production and proved reserve growth through the end of the decade.</li><li>In the intermediate term, growth is expected in Gabon during 2026 from the Phase 3 drilling campaign that is scheduled to begin in September.</li><li>The anticipated return of the FPSO to the Baobab field in Côte d’Ivoire in 2Q26 should restore production in the field and be followed by a Phase 5 development program, which is expected to add volumes in 2027.</li></ul>

A diverse portfolio of exploration and development projects exposes Vaalco to significant production and proved reserve growth through the end of the decade.In the intermediate term, growth is expected in Gabon during 2026 from the Phase 3 drilling campaign that is scheduled to begin in September.The anticipated return of the FPSO to the Baobab field in Côte d’Ivoire in 2Q26 should restore production in the field and be followed by a Phase 5 development program, which is expected to add volumes in 2027.

VAALCO Energy, Inc: Project Portfolio Supports Long-Term Volume Growth Potential