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Victoria Oil & Gas Plc (“VOG” or "Victoria" or "The Company") is an energy utility and hydrocarbon developer with flagship assets in Cameroon.

+44 (0)207 921 8820
Hatfield House, 52-54 Stamford Street, London SE1 9LX.
Super Sector:
Oil & Gas Producers
Exploration & Production
EPIC / Symbols:
*subject to change and depends on individual circumstances.

Victoria Oil & Gas RNS Press Releases

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Victoria Oil & Gas Articles, News, and Media Files

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Victoria Oil & Gas Related Media

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  • 23/04/2015

    Stocktube video - Victoria Oil & Gas has ‘turned the corner’ – chairman

    Kevin Foo, the chairman of Victoria Oil & Gas (LON:VOG), believes the company has turned the corner now it has switched on the second of two power stations it has built recently in Douala in Cameroon. 

    The stations, Logbaba and Bassa, are now supplying 50 megawatts of electricity to the local grid using gas supplied from Victoria Oil & Gas’s 60%-owned Logbaba field.

    Foo says he is confident the group can meet the target gas production of 10.5 million standard cubic feet for this year. He would like to see that double again the following year.

Broker press

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  • 23/04/15
    +1.00 +84.00

    Numis reiterates its "buy" rating and raised its price target to 103p from 102p.

  • 08/06/12
    +0.00 +3.02

    Macquarie reiterates its "outperform" rating but cut its price target to 7p from 8p.

  • 09/03/12
    +0.40 +4.01

    Share Tip: Investors Chronicle - Buy - BULL POINTS Production in Cameroon set to soar - Selling gas at attractive prices - Substantial gas... read more

  • 14/06/11

    14.06.11 :-0.3, (4.45) Northland Capital analyst Andrew McGeary says that the Logbaba gas project has always seemed solid with the key... read more

  • 14/06/11

    14.06.11 :-0.3, (4.45) Fox Davies analyst Shahin Amin said the update is reassuring and pointed out that Logbaba is a low development... read more

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
14/03/14 A.J. Titford BUY 1,200,000 ORD 1.13 13,560 2,007,692 0.05
09/11/11 G.C. Manheim EX 4,800,000 OPT 0.00 0 0,000 N/A
09/11/11 G.C. Manheim SELL 4,800,000 ORD 4.12 197,760 1,717,304 0.07
16/08/11 K.A. Foo FEES 4,758,958 ORD 0.00 0 52,655,599 2.41
16/08/11 R.S. Palmer FEES 135,898 ORD 0.00 0 1,130,614 0.05


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Date Type Turnover Profit EPS (p) Dividend (p) Currency
30/11/14 Interim 11.56 -51.74 -50.73 0.00 USD
31/05/14 Full year 14.73 -4.72 -0.04 0.00 USD
30/11/13 Interim 6.01 2.54 0.06 0.00 USD
31/05/13 Full year 6.93 -15.94 -0.52 0.00 USD
30/11/12 Interim 1.67 -5.29 -0.20 0.00 USD

Company Statement


Victoria Oil & Gas Plc (“VOG” or "Victoria" or "The Company") is an energy utility and hydrocarbon developer with flagship assets in Cameroon.


From gas production wells located in the port-city of Douala our gas utility subsidiary, Gaz du Cameroun S. A. ("GDC"), supplies energy products to major industries in the region. Customers are primarily supplied with gas though an extensive pipeline network built by GDC throughout the Douala.  GDC products include thermal gas, condensate and electricity generation. Victoria has invested over $111 million into the Logbaba project including on two wells, production facilities and pipeline.


The Company primarily supplies major industrial customers include Guinness, Dangote Cement, SATC and CAMLAIT. In Q1 2014 GDC also signed an agreement with national power provider ACTIS Sonel to work towards replacing Heavy Fuel Oil ("HFO") usage with gas, at power stations in the area. Cameroon grid supply is powered through hydroelectricity and black and brown outs occur frequently throughout drier periods.


GDC is also in discussion with partners to develop a compressed natural gas business ("CNG") to expand our energy products reach.


Victoria is proud to have worked closely with the Government and people of Cameroon to develop a strategic energy source for domestic power supply, that can help unlock the country's economic potential. We have developed a real energy business from Africa, for businesses in Africa.


The Company also holds 100% of the West Medvezhye oil and gas project in Siberia.

Current Operations

The production and sale of natural gas from Logbaba commenced in July 2012, one of the most significant achievements in the history of Cameroon’s energy sector.

Business Fundamentals of Logbaba

Only onshore gas producer in Cameroon

Neither supply nor demand constrained

Offer customers a cheaper and cleaner alternative to current supply

Strong Government support of our project

Opportunity to help resolve in-country power issues

Revenue generating business and now operationally cash positive 

Our business model can be applied to other African opportunities

Key Statistics


For more information please click here 


Board of Directors

Kevin Foo

Executive Chairman

Kevin has had a 40 year career in the resources industry. He has worked in five continents and has been responsible for developing mines in remote locations. He was the founder of Victoria Oil & Gas Plc in 2004 and was responsible for the acquisition of the Logbaba Project in Cameroon. He has held CEO and Chairman positions in several AIM listed companies including Celtic Resources Holdings Plc, Eureka Mining Plc, Bramlin Ltd and Bakyrchik Gold Plc. From the end of September 2013, Kevin has assumed the role of interim Chief executive of Victoria.

Robert Palmer

Finance Director

Robert is a Chartered Accountant. He combines his role as Finance Director with his position as a senior partner in The Gallagher Partnership LLP, a business consultancy-based accountancy practice where he specialises in providing financial advice to small and medium sized enterprises. He holds a number of directorships in private companies.

Grant Manheim

Deputy Chairman

Grant has extensive financial experience in the City of London gained over 38 years at N.M. Rothschild and Sons Limited with 25 years as a main Board Director. In addition to his financial experience, he also has knowledge of the oil and gas sector having been the Deputy Chairman of the Executive Committee of New Court Natural Resources Plc, a company whose business was the investment in and development of oil and gas properties in the United States.

James McBurney

Non-Executive Director

Mr McBurney has over 25 years' experience advising energy, power and gas companies. He headed the European Natural Resources investment banking group at Bank of America Securities in London from 2002 to 2005, which followed his role as a managing director with Merrill Lynch & Co. Inc.'s Energy & Power Group in New York where he advised many of the U.S.'s power and gas companies during and after the deregulation of the industries. Mr McBurney started his banking career with Goldman Sachs, in both New York and London. Most recently, Mr McBurney was a non-executive director of Ruspetro plc and acted as Chief Executive Officer at White Tiger Gold Ltd. He has previously served as Chief Executive Officer of HCF International Advisers Limited, prior to which he was Chief Executive Officer of JNR (UK) Limited, a Rothschild family-owned merchant bank with a primary focus on natural resources in the former Soviet Union. Mr McBurney served for five years in the US Marine Corps and has a MBA from Harvard Business School and a BA from Yale College. Mr McBurney is currently a non-executive director of Sears Canada Inc.

John Bryant

Non-Executive Director

Mr Bryant has broad commercial and financial experience in developing and managing new businesses gained over 40 years’ experience in the oil, gas and energy services, both in the US and the UK. He is the non-executive chairman of Weatherly International plc, the senior independent director of IGas Energy plc and a non-executive director of China Africa Resources plc, all AIM listed companies. His current directorships also include other private companies. Mr Bryant was formerly chairman of Gas Turbine Efficiency plc and non-executive chairman of KP Renewables plc; both AIM listed companies and a board member of Attiki (Athens) Gas Company S.A. He also served as President of Cinergy Global Resources Corp. (now known as Duke Energy), responsible for all international business and global renewable power operations of this US-based electricity and gas utility provider. Before joining Cinergy, Mr Bryant was appointed Executive Director Generation at Midlands Electricity plc and held senior management positions at, British Sugar plc, Drexel Limited, BOC Limited and Unilever plc. Mr. Bryant holds an M.Sc in Economics from Reading University and graduated in Economics with a BA from Nottingham University, and is a fellow of the Institute of Directors and a fellow of the Royal Society of Arts.

Senior Management

Mark Wilson

Managing Director, Gaz du Cameroun

Prior to joining VOG, Mark was successfully part of a senior team in putting together a private placement (c.$15mil) in 2010 for a private copper exploration project in the Atacama area of Chile. Mark was founder Dominion Petroleum Ltd in 2006, and responsible for securing the assets which formed the foundation of its East African assets before listing on AIM. Dominion was subsequently sold on to Ophir Energy Plc. From 1993 until 2005 Mark was the COO for Bakyrchick Gold and Celtic Resources. Both companies were transformed from exploration into gold producers and subsequently sold to large mining companies providing a substantial return to all shareholders. In his early career Mark was one of only a group of four who were responsible for mergers and acquisition's within Rio Tinto (formerly CRA). Mark has a degree in Metallurgy and a post grad in Chemical Engineering.

Honoré Mbouombouo Daïrou

Director of Subsurface, Gaz du Cameroun

Honoré Mbouombouo Daïrou has over 14 years’ oil and gas industry experience as a petroleum engineer. Daïrou has graduated with a Master of Science degree in Petroleum Geosciences from the University of Aberdeen; a Master of Science degree in Mining and Petroleum Geology from the University of Yaoundé 1, Cameroon; and a Master of Philosophy in Environmental Management from the University of Stellenbosch, South Africa. Daïrou has worked on numerous international exploration, production and environmental operations as a consultant prior to joining GDC in 2009.

William T. Egbe

Director, General Legal Counsel, Gaz du Cameroun

Prior to joining Gaz du Cameroun as General Legal Counsel, Bill had a 34-year career in progressively senior positions in the judiciary, including time served as Judge and Public Prosecutor in Cameroon, and as Legal Advisor, Senior Trial Attorney and Senior Appeals Counsel for the United Nations. Bill combines his role as General Legal Counsel with his position as Senior Partner in the Law Firm W. T. Egbe & Co., a Douala based firm of Attorneys with a portfolio of international clients and investors in the Mining and Oil & Gas sectors, among others. His educational profile includes LL.M (international banking), PIL, Diplome de L’ENAM, LL.B (Hons), B.L.  

Eric Friend

Capital Projects Manager, Gaz du Cameroun

Eric comes from a background in Project/Construction Management, with an extensive track record of successful major mining and related projects, in challenging environments throughout Africa, Kazakhstan, Europe and Russia. He has worked for some of the world’s largest Engineering and Construction companies having more than 20 years of Projects delivery management experience, with an emphasis on the implementation of Feasibility Studies, Engineering, planning, procurement, construction and commissioning.

Henri Job

Business Development and Strategy Manager, Gaz du Cameroun

Henri Job comes to GDC with an extensive experience at a senior level with The AES Corporation in the areas of business development, restructuring and operations in North America, Cameroon and Latin America. He played a key role in the $450 million financing of the rehabilitation of the transmission network, the distribution network and several generation assets of AES Sonel, the integrated utility in Cameroon. Prior to joining The AES Corporation, he was a fixed-income trader with Cantor Fitzgerald in New York. He holds a Civil Engineering degree from Technisch Universitaet Dresden in Germany and an MBA in finance from the Wharton School of the University of Pennsylvania.

Divine Mofa

Production Manager, Gaz du Cameroun

Divine Mofa has more than 16 years of oil & gas industry experience. A graduate from Prairie View A&M University in the USA, he has led various engineering projects accountable as project manager and engineer for the technical, financial and commercial aspects of offshore and onshore field exploration and development operations. Mofa has held senior positions with J Ray McDermott, Oceaneering, and Alseas.

Munakwa Focham Mardochee

Quality, Health, Security, Safety & Environment Manager, Gaz du Cameroun

Munakwa Focham Mardochee has been practicing Health and Safety Environment for the past 11 years.  Munakwa holds an MSc in Safety in Engineering, the International General Certificate of Occupational Health and Safety and is a certified Integrated  Management system auditor.  A member of the Institute of Occupational Safety and Health (IOSH), Canadian Society of Safety Engineers (CSSE).

Eckhard Mueller

Regional General Manager, SeverGas Invest (SGI)

Eckhard Müller has 37 years’ experience in exploration and production, including four years as Chief Geologist for KazGerMunay and six years as a senior geologist with Gaz de France. He has been responsible for development projects in Germany, Mongolia, Kazakhstan and Russia and has held the position of General Manager, Russia with VOG for over eight years.

Major Shareholders

NameNumber of SharesPercentage of issued share capital
The Capital Group Companies, Inc 6,966,560 6.408%
GB Trustees Limited 3,268,100 3.006%
  • Additional Information
    Share Price
    108.71 m
    Mkt Cap
    £74.74 m
  • Latest Stocktube

    Victoria Oil & Gas has ‘turned the corner’ – chairman

    View full size
  • Contact Information

    Head Office & Registered Office

    Victoria Oil & Gas Plc

    Hatfield House

    52-54 Stamford Street

    London SE1 9LX

    United Kingdom

    Tel: +44 (0)207 921 8820

    Fax: +44 (0)207 921 8821

    Email : info@victoriaoilandgas.com



    Corporate Information

    Registered Office

    Hatfield House

    52/54 Stamford Street


    SE1 9LX



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