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Victoria Oil & Gas continues negotiations with Bowleven over Bomono project

“Bowleven and VOG are working with the Government of Cameroon to advance the Bomono project,” the company said in a statement
oil and gas operations
The deal was first agreed last March

Victoria Oil & Gas plc (LON:VOG) has informed investors of a further extension to its proposed deal for the Bomono project and potential partnership with Bowleven Oil & Gas Plc (LON:BLVN).

The proposal, which would see VOG take an 80% stake in Bomono, was first agreed back in March prior to managerial changes at Bowleven. In September, VOG exercised its option to extend the termination date to 31 December  2017.

READ: Victoria Oil & Gas boosted by new customer sign-ups

A further extension has now been agreed and VOG told investors that negotiations are continuing.

“Bowleven and VOG are working with the Government of Cameroon to advance the Bomono project,” the company said in a statement.

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