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: RSM Production Corporation
VOG settles Logbaba gas dispute
Victoria Oil & Gas plc (VOG) has reached a settlement agreement with RSM Production Corporation over the Logbaba gas project in the port city of Douala, Cameroon. JOINT INTERESTS VOG’s wholly owned subsidiary, Gaz du Cameroun SA, is the onshore gas producer and distributor. RSM is joint interest owner with a 38% working interest, alongside the […]