VAALCO Energy slumps after Gabon military coup

Panoro Energy ASA

30/08/2023 14:59

** Shares of oil producer Vaalco Energy Inc  EGY.N  slump
13.8% to $4.03 
    ** Fall likely related to military coup in oil-producing
Gabon, where EGY has operations. Other stocks exposed to Gabon
also showing weakness 
    ** Shares in French miner Eramet  ERMT.PA , oil and gas
company Maurel & Prom  MAUP.PA  down 15% and 18%, respectively;
Oslo-listed Panoro Energy  PENR.OL  and BW Energy  BWE.OL  down
7% and 8%, respectively 
    ** Military officers in Gabon seized power and put President
Ali Bongo under house arrest  urn:newsml:reuters.com:*:nL1N3AB0A4
    ** EGY lost over 12% YTD

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com;))