Vaalco Energy (EGY) has disclosed a new risk, in the Manufacturing category.
Vaalco Energy faces a significant business risk as the FPSO integral to their operations in Côte d’Ivoire’s Block CI-40 PSC is scheduled for maintenance starting January 2025. This offline period will halt production, ceasing revenue streams from this asset until 2026. There is also uncertainty surrounding the timely return to service of the FPSO and potential cost overruns, which could further impact Vaalco’s financial results negatively. The looming expiration of the FPSO contract in December 2025 adds to the complexity of this situation.
The average EGY stock price target is $8.60, implying 38.26% upside potential.
To learn more about Vaalco Energy’s risk factors, click here.
