Victoria Oil & Gas jumps on Cameroon update
8th Jun 2015 08:31
Shares in Victoria Oil & Gas jumped almost 6% early on Monday, as the energy utility developer said its Cameroon-based subsidiary had begun gas distributions. In a statement released on Monday, the London-listed group said Gaz du Cameroun S.A had completed connections and was supplying natural gas t
Read moreVictoria Oil & Gas completes Cameroon pipeline ahead of schedule
19th Jan 2015 14:41
Victoria Oil & Gas has completed laying the gas pipeline to the boundaries of two ENEO power stations at Bassa and Logbaba ahead of schedule, the firm said on Monday. Gaz du Cameroun said the pipeline was currently being tested and that it expects the trial phase to be completed within next week. L
Read moreVictoria Oil & Gas agrees gas supply deal in Cameroon
29th Dec 2014 08:28
Victoria Oil & Gas has agreed a deal to supply gas for two power stations in Cameroon run by energy company ENEO. VOG said its subsidiary Gaz du Cameroun (GDC) would supply the 30 megawatt Logbaba and 20 megawatt Bassa power stations in the city of Douala under a two-year contract. ENEO's schedule
Read moreVictoria Oil & Gas completes pipe-laying in Douala
29th Oct 2014 10:51
Victoria Oil & Gas pleased investors with the news it has successfully laid 678 metres of gas pipe under the Wouri River to the northern Bonaberi shore in Douala, Cameroon's major industrial city. The emerging Cameroon utility company said the pipe-laying means the network, which now totals 860 metr
Read moreVictoria Oil & Gas says independent draft report is finished
20th Oct 2014 11:59
Victoria Oil & Gas (VOG) announced that Deloitte has finished its draft report on the costs of the Logbaba gas project in Cameroon. Deloitte was appointed by VOG and RSM Production Corporation to independently review the RSM participation interest share of expenses from the Logbaba project. A proce
Read moreVictoria Oil & Gas in talks to expand Cameroon power generation
4th Jun 2014 14:37
Victoria Oil & Gas is in talks to expand its gas-fired electricity generation business in Cameroon. Victoria said its subsidiary Gaz du Cameroun (GDC) was talking to Cameroon state power joint venture company Actis Sonel about supplying gas to replace heavy fuel oil as a supplement to the country's
Read moreVictoria Oil & Gas says production steady in March
4th Apr 2014 07:48
African energy utility group Victoria Oil & Gas said that production at its Logbab Project in Cameroon was steady and it remained at operational break even through March. Average production rates remained at February's level of 3.2m standard cubic feet per day (mmscf/d) last month, but should rise
Read moreVictoria Oil & Gas signs deals and receives first dispute cash
8th Jan 2014 15:19
Explorer and producer Victoria Oil & Gas (VOG) signed two key customer agreements and received cash from an arbitration to make up for flat daily production levels as a customer's expected plant was not delivered. AIM-listed VOG, which has interests in Cameroon and Siberia, signed a collaboration a
Read moreVictoria Oil & Gas reports maiden annual revenue in transitional year
25th Oct 2013 07:59
Victoria Oil & Gas reported a maiden annual revenue of nearly seven million dollars after a transitional year in which moved from an exploration to a production company. The AIM-listed group generated revenue of $6.93m in the year ended May 31st, derived from its flagship Logbaba gas and condensate
Read moreVictoria Oil & Gas launches shake-up after CEO quits
10th Oct 2013 08:05
The Acting Chief Executive of Victoria Oil & Gas (VOG) has pledged to turn the Cameroon-focused group around after its Chief Executive Officer (CEO) quit. Chairman and Interim Chief Executive Kevin Foo said in a letter to shareholders that he would lead the group and launch a restructuring followin
Read moreVictoria Oil and Gas shares rise on positive operations update in Cameroon
28th Feb 2013 14:06
Victoria Oil and Gas shares rose Thursday after the company said it expects to complete the Phase-2 pipeline from the Logbaba gas field in Cameroon in the third quarter of this year. The company also anticipates it will have 25 thermal gas customers connected by the year-end. Funding of £23.4m was
Read moreVictoria Oil & Gas appoints new CEO
26th Feb 2013 08:08
Victoria Oil & Gas has appointed John Scott as the Chief Executive Officer with immediate effect. The oil and gas exploration company, with assets in Africa and the Former Soviet Union, has not had a chief executive since Tony Porter in 2007. Scott joins the group from Indus Gas where he was the
Read moreShares plummet as Victoria Oil & Gas reports equity placing
6th Feb 2013 10:07
Shares in Cameroon-focussed mining company Victoria Oil & Gas fell sharply on Wednesday after the company reported it had oversubscribed a 23m pound equity placing. The AIM-listed company reported that it had raised £23m of equity and was fully funded to meet its long-term corporate objectives to m
Read moreVictoria Oil and Gas secures customers and loan
30th Jan 2013 14:13
Victoria Oil and Gas rose after it secured both more gas customers and a new lending facility. The company, which has assets in Cameroon and Russia, said a further four customers had been commissioned and have begun taking its gas. It now has 15 contracted customers using gas, with a further 10 c
Read moreVictoria Oil&Gas flags potential to double clients over the next year
30th Nov 2012 09:49
AIM listed oil and gas exploration outfit Victoria Oil&Gas on Friday morning raised its production guidance for thermal energy provision by the end of the year and flagged the potential to double its contracted numbers over the next twelve months. The firm, which has assets in Cameroon and in the f
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