Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

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.

View full VOG profile View Profile

Victoria Oil & Gas plc Timeline

Related Articles

Oil rig drilling
October 19 2017
In a trading update in May, the AIM-listed firm said discussions over contracts are taking longer than expected to conclude, although it still anticipated orders under negotiation will come through in its financial year ending in June 2018
Power stations
May 31 2017
"We see this statement as evidence that the company has overcome the one-off events in Q3," said Cantor Fitzgerald
oil and gas operations
April 18 2018
Falcon's shale project is now clear to advance now that a ban on fracking has been lifted in Australia's Northern Territory.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use