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 […]
Tag: Hadron Master Fund
VOG to raise $1.15m with major shareholder Hadron
Victoria Oil & Gas plc (VOG) has agreed a US$1.15 million unsecured loan note with one of its major shareholders Hadron Master Fund. TERMS The company said it had entered into a definitive agreement and will receive the proceeds by 4 April 2022. VOG will repay 110% of the aggregate loan note principal amount without […]
VOG settles gas invoices and agrees £1.25m loan
Victoria Oil & Gas plc (VOG)’s wholly owned subsidiary, onshore gas producer and distributor Gaz du Cameroun SA (GDC) in Cameroon, has settled gas invoices and agreed a loan note. INVOICES The agreement relates to take-or-pay invoices with Eneo Cameroon S.A. of 2.74 billion CFA franc ($5m/£3.58m) to GDC. The settlement signed on 16 April […]