Finance Legal News Oil & Gas

Victoria in ‘precarious’ financial situation

Victoria Oil & Gas plc (VOG) said its financial situation was precarious after being ordered to pay $12 million to its partner, suspension of trading, and its inability to raise funds until a resolution is found. OPERATIONS The company’s wholly owned subsidiary Gaz du Cameroon S.A. (GDC) produces and distributes onshore gas in the port […]

Equipment & Logistics News Oil & Gas

VOG seeks alternative rig provider for Matanda

Victoria Oil & Gas plc (VOG) said it was seeking an alternative rig provider for well operations at the Matanda onshore gas block in the port city of Douala, Cameroon. CONTRACTS The company, which is still suspended from trading on AIM due to financial uncertainty, produces and distributes gas through its wholly-owned subsidiary Gaz du […]