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Victoria is an independent oil and gas exploration and production company with projects in Africa and the FSU. The Company’s principal assets are the Logbaba gas and condensate field in Cameroon and the West Medvezhye oil and gas project in Siberia, Russia.

+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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Broker press

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  • 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

  • 06/05/11
    +1.05 +5.59

    Press: Victoria Oil & Gas rose after being awarded an exploitation licence for development of the Logbaba gas and gas condensate field in... 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 R.S. Palmer FEES 135,898 ORD 0.00 0 1,130,614 0.05
16/08/11 K.A. Foo FEES 4,758,958 ORD 0.00 0 52,655,599 2.41


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Date Type Turnover Profit EPS (p) Dividend (p) Currency
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
31/05/12 Full year 0.00 -7.73 -0.33 0.00 USD

Company Statement


Our Vision

To explore, appraise and develop petroleum resources in prospective regions such as Cameroon and West Africa where there is an opportunity to acquire undervalued assets.

  • To deliver a reliable gas energy source to industrial customers in Douala
  • To be a leading player in new thermal and power projects in Cameroon
  • To replicate our gas monetisation strategy in other areas of West Africa

Current Operations

Cameroon: Logbaba

Victoria Oil and Gas, through its wholly owned subsidiary company, Rodeo Development Limited, has a 95% interest in and operates the Logbaba Gas and Condensate Field onshore Cameroon. Further to the Exploitation Licence awarded on the 29/4/11, the company commenced continuous gas and condensate production operations in July 2012.

Russian - West Medvezhye

The West Medvezhye oil, gas and gas condensate licence near Nadym in Western Siberia, lies in the Yamal Peninsula. This area is one of the most prolific gas regions in the world where over 70 Tcf of gas has been produced. In 2004, the Company acquired a 74.8% interest in Russian company ZAO SeverGas-Invest (SGI), which holds the licence for the West Medvezhye field and in 2005 Victoria acquired the remaining 25.2% bringing its total shareholding to 100%


For further information please click here 


Kazakhstan - Kemerkol

In the 2009 Annual Report and Accounts, the Directors made a provision of $35.5 million against the carrying value of the Kemerkol asset subsequent to our licence being revoked by the Economic Court of the Atyrau Oblast of Kazakhstan. We continue to fight our corner within the constraints of the Kazakhstan legal system and still remain hopeful of a positive outcome but Kemerkol's long-term economic importance within Victoria's overall portfolio of assets has been minimised.




Board of Directors


Victoria's Board and management are widely experienced in the natural resources sector.


Kevin Foo, Chairman

Kevin has a 40 year career in all aspects of mining, including technical, operational, project management and running public companies. He has worked on five continents including 19 years in Kazakhstan and Russia and is a specialist in the development of mines in the FSU. Kevin was the former managing director of Celtic Resources Holdings Plc and non-executive chairman of Bramlin Limited, AIM quoted resource companies.


Grant Manheim, Deputy Chairman

Grant has extensive financial experience in the City of London gained over 37 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.


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.


Austen Titford, Executive Director

A Chartered Accountant with more than 17 years experience from working for FTSE 100 and AIM listed natural resource companies, including Lonrho, LASMO, BHPB and Celtic Resources on projects in Africa, Iran, Russia and Central Asia. He brings a broad mix of financial experience, covering both the project development and operational phases.


Senior Management

Radwan Hadi, Chief Operating Officer

Radwan is a petroleum/reservoir engineer with a strong technical background and 30+ years extensive experience in the upstream oil and gas exploration and production industry. He has worked on a broad range of integrated projects including reserves estimation, development planning and asset valuation. In addition to many projects in the Middle East, he has worked on projects in Europe, South America, South East Asia, and Africa. Specifically in Africa, he has worked on projects in the Cameroon, Equatorial Guinea, Ghana, Mauritania, Mali, and Ethiopia.


Eckhard Mueller, General Manager, Russia

Eckhard Mueller has over 28 years experience in exploration and production, including 4 years as chief geologist for KazGerMunay and 6 years as a senior geologist with Gaz de france. He has been responsible for development projections in Germany, Mongolia, Kazakhstan and Russia and has held the position of General Manager, Russia with Victoria for over 5 years.


Divine Mofa, Operations Manager, Cameroon

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. 

Major Shareholders

As of 30 November 2013, the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:



Taken from company website 4th April 2014

  • Additional Information
    Share Price
    108.71 m
    Mkt Cap
    £64.55 m
  • Latest Stocktube

    Victoria Oil & Gas chairman Foo on ‘unconstrained’ gas market in Cameroon

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  • 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


    Cameroon Office

    741 Rue Vasnitex


    PO BOX: 12874

    Douala, Cameroon


    Kazakhstan Office

    336 Office

    221 Bogenbay Batyr Str


    Almaty, Kazakhstan


    Russia Office

    Proezd 13

    Promzona, Panel “C”

    Snezhny Posyolok

    Nadym, 629730

    Yamal-Nenets Autonomous Okrug


    Corporate Information

    Registered Office

    Hatfield House

    52/54 Stamford Street


    SE1 9LX



    Deloitte & Touche

    Deloitte & Touche House

    Earlsfort Terrace

    Dublin 2



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    Principal Bankers


    PO Box 378

    71 Grey Street

    Newcastle upon Tyne

    NE99 1JP



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