Victoria Oil & Gas has reached a deal to settle its dispute with Cameroon Holdings Ltd (CHL), ending the legal action and cancelling a royalty agreement.
Victoria Oil and Gas
Victoria Oil & Gas today confirmed plans to raise up to £19.8million ($26million) via a share placing.
Cameroon energy utility Victoria Oil and Gas said today that a court had approved its capital reduction proposals.
Mixed fortunes for Victoria Oil and Gas as write downs contribute to $31million net loss despite sales boost
Victoria Oil and Gas has reported mixed fortunes for 2016, with write down and provisions contributing to a net loss of $31.1 million for the year.
Under-fire Bowleven said today that it had agreed to farm out a large stake in its onshore licence in Cameroon to another London-listed firm.
Africa-focused firm Victoria Oil and Gas said today that drilling has started on two development wells in Cameroon.
Africa-focused firm Victoria Oil and Gas enjoyed a 93% rise in daily production in the first half of 2016, while sales were up 50%.
Victoria Oil and Gas has hit a major milestone in its onshore gas project in Cameroon, the UK-listed explorer said yesterday. The subsidiary of Victoria which owns a 60% stake in the Logbaba gas project has recouped the initial exploration costs it provided to get the ball rolling on the development. Subsidiary Gaz du Cameroun (GAC) had been receiving 100% of the revenues from Logbaba to cover the outlay on exploration, whilst contributing 60% to operating and capital costs.
Victoria Oil and Gas has taken delivery of the Savannah Oil Services Cameroon Train rig.
Natural gas producer Victoria Oil & Gas has appointed Ahmet Dik as its new chief executive.
Victoria Oil and Gas has posted its first profit as it seeks to increase its reserves and produce more gas in Cameroon.
The Cameroon government has approved Victoria Oil & Gas taking the controlling interest in the Matanda production sharing contract.
Victoria Oil and Gas has seen profits surge as production at its Logaba gas field in Cameroon kicks in.
Victoria Oil & Gas has expanded operations in Cameroon by acquiring 75% stake in the Matanda licence from a subsidiary of Glencore as the commodity giant continues to offload non-core assets .
Cameroon-based gas supplier Victoria Oil & Gas said there had been minimal impact from weak oil prices or customers changing back to oil..
Victoria Oil and Gas, the Cameroon-based utility specialist, has appointed industry veteran Iain Patrick to its board.
Victoria Oil and Gas recorded a $50.8 million dollar loss, blaming poor relations between the West and Russia for it being unable to sell its Russian asset.