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 […]
Tag: Victoria Oil & Gas plc (VOG)
VOG to raise $7.5m with loan deal for gas operations at Douala
Victoria Oil & Gas plc (VOG) said it aimed to raise $7.5 million (£5.5m) with a financing agreement for its onshore gas operations in the port city of Douala in Cameroon. MERIDIAN CAPITAL The company’s wholly owned subsidiary, Gaz du Cameroun S.A. entered into a definitive financing agreement with Meridian Capital (HK) Ltd to raise the funds […]
VOG receives $5.1m from invoices to boost Doula projects
Victoria Oil & Gas plc (VOG)’s said it had received US$5.1 million from outstanding invoices, which will strengthen its working capital for its projects in port city of Doula, Cameroon. The company’s subsidiary, Gaz du Cameroun (GDC) agreement is with Eneo and related to take-or-pay invoices for October, November and December 2019 plus associated interest. VOG […]
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) […]
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 […]
VOG looks to high potential of La-108 well at Douala
Victoria Oil & Gas plc (VOG) said the full potential of the La-108 well was likely to exceed the capacity of the plant in the industrial port city of Douala, Cameroon. CAMEROON WELLS The company’s wholly owned subsidiary and operator, Gaz du Cameroun S.A. (GDC) currently holds interests in the neighbouring blocks of Logbaba and Matanda. Two producing […]