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 highly appreciative of our major shareholder backing our efforts to deal decisively with legacy issues and move the company forward,” said VOG chief executive Roy Kelly.