Victoria Oil & Gas plc (VOG) announced an additional 42m of net pay after successfully adding perforations to Logbaba well La-108 at its onshore site in the port city of Douala, Cameroon. PRODUCTION The company’s wholly owned subsidiary, Gaz du Cameroun S.A. (GDC) completed the operations despite thunderstorms with nearby lightening strikes, during which operations were […]
Tag: Victoria Oil & Gas plc
VOG draws down Meridian loan notes for Douala gas operations
Victoria Oil & Gas plc (VOG)’s has drawn down in full the convertible B loan notes for its onshore gas operations in the port city of Douala, Cameroon. LEGACY ISSUES The loan to the company’s subsidiary, Gaz du Cameroun S.A. is in accordance with the financing agreement with Meridian Capital (HK) Ltd. “We are once again […]