Victoria Oil & Gas PLC Update on ENEO Contract Renewal (4667D)
27 April 2017 - 4:00PM
UK Regulatory
TIDMVOG
RNS Number : 4667D
Victoria Oil & Gas PLC
27 April 2017
27(th) April 2017
Victoria Oil & Gas Plc
("VOG" or "the Company")
ENEO Gas Supply, Cameroon
Update on Contract Renewal
Victoria Oil & Gas Plc announces that negotiations continue
between its wholly-owned subsidiary, Gaz du Cameroun S.A. ("GDC"),
Altaaqa Alternative Solutions Projects DWC-LLC and ENEO Cameroun
S.A. ("ENEO"), in relation to the contract renewal for the supply
of gas.
GDC continues to sell gas from Logbaba to ENEO at normal
consumption rates for this time of year given the demand for power
in Douala.
The Company will announce final agreements reached with ENEO in
due course.
This announcement contains inside information.
For further information, please visit www.victoriaoilandgas.com
or contact:
Victoria Oil & Gas Plc
Kevin Foo / Laurence Read Tel: +44 (0) 20 7921 8820
Strand Hanson Limited
Rory Murphy / Stuart Faulkner / James Dance Tel: +44 (0) 20 7409 3494
Shore Capital Stockbrokers Limited (Joint Broker)
Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 207 408 4090
Jerry Keen (corporate broking)
FirstEnergy Capital LLP (Joint Broker)
Jonathan Wright / David van Erp Tel: +44 (0) 207 448 0200
Camarco (Financial PR)
Billy Clegg Tel: +44 (0) 203 757 4983
Nick Hennis Tel: +44 (0) 203 781 8330
Notes to Editors
About Victoria Oil & Gas Plc
Victoria Oil & Gas (VOG.L) is a gas utility company.
The Company's subsidiary, Gaz du Cameroun S.A. ("GDC") owns a
60% participating interest and operates the onshore Logbaba Gas
Project. The Logbaba Gas Project supplies cost effective, clean and
reliable natural gas to industries in the Douala region of
Cameroon. RSM Production Corporation, an affiliate of Grynberg
Petroleum Company of Denver, Colorado holds the remaining 40%
participating interest.
GDC owns and operates a 75% participating interest in the
Matanda block, which neighbours the Logbaba block. The remaining
25% participating interest is held by AFEX. GDC has recently
acquired an 80% participating interest in the Bomono block, which
neighbours both the Logbaba and Matanda blocks. The assignment of
the participating interest is subject to regulatory approvals.
Bowleven Plc will retain the remaining 20% participating
interest.
VOG also holds 100% of the West Medvezhye oil and gas
exploration project near Nadym, Russia. The Group is actively
seeking partners to develop this field.
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDEAKLKADXXEFF
(END) Dow Jones Newswires
April 27, 2017 02:00 ET (06:00 GMT)
Victoria Oil & Gas (LSE:VOG)
Historical Stock Chart
From Apr 2024 to May 2024
Victoria Oil & Gas (LSE:VOG)
Historical Stock Chart
From May 2023 to May 2024