Victoria Oil & Gas plc (VOG)’s shares were yesterday suspended after an arbitral tribunal of the International Chamber of Commerce (ICC) ruled against the company’s subsidiary Gaz du Cameroon, making an award of US$12.1 million. NO DELAYS The dispute between GDC and RSM Production Corporation relates to previous work in Cameroon. The company said that […]
Tag: Gaz du Cameroun S.A. (GDC)
VOG progresses with Matanda and Logaba gas operations
Victoria Oil & Gas plc (VOG) reported further progress from its onshore gas operations in Matanda and Logbaba in Douala, Cameroon. MATANDA In its report for Q4 2021, the company said its subsidiary Gaz du Cameroun S.A. (GDC) continued civil engineering work in readiness of drilling a vertical well at the Marula prospect. The company also continued […]
VOG granted one-year extension to Matanda Block licence
Victoria Oil & Gas plc (VOG)’s subsidiary and operator Gaz du Cameroun S.A. (GDC) has received a one-year extension for the Matanda Block licence in Cameroon. PROSPECTIVE RESOURCES The extension for the 1,235 km2 block which lies adjacent to GDC’s Logbaba concession is effective from 17 December 2021. VOG said its estimate of prospective resources […]
VOG gas sales rise as well design progresses at Matanda
Victoria Oil & Gas plc (VOG) announced stable sales of natural gas as the company’s wholly owned subsidiary Gaz du Cameroun (GDC) continues with plans for new wells at Matanda. LOGBABA FIELD In VOG’s Q4 2021 report, GDC’s operations in the port city of Douala had a sales rate of 5.2 MMscf/d (Q4 2020: 5.1 MMscf/d) […]