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26/08/2011

Kevin Foo from Victoria Oil & Gas says the share price is far short of true value

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Additional Information
Market: AIM
Sector: Energy
EPIC: VOG
Latest Price: 4.05p  (8.00% Ascending)
52-week High: 6.40p
52-week Low: 2.90p
Market Cap: 104.05M
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Victoria Oil & Gas
www.victoriaoilandgas.com

Victoria is an independent oil and gas exploration and production company with projects in Africa and the FSU. The Company’s principal assets are 95% of the Logbaba gas and condensate project in Cameroon and 100% of the West Medvezhye gas field in Siberia, Russia. Logbaba is located in Douala, the economic capital of Cameroon. West Medvezhye is situated in the prolific Yamal-Nenetsk hydrocarbon region in Siberia.

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Victoria Oil & Gas says date set for hearing over challenge to Kemerkol oil project

19th Aug 2009, 9:15 am Victoria Oil & Gas says date set for hearing over challenge to Kemerkol oil project

Victoria Oil & Gas PLC (AIM: VOG) said a date has been set for a preliminary hearing at the Kazakh Supreme Court of its appeal regarding a legal challenge to Victoria’s  ownership of the Kemerkol oil project dating from 2008.

The Supreme Court notified VOG's subsidiary Victoria Energy Central Asia LLP (VECA) that a preliminary hearing of VECA's appeal against the judgement of the Atyrau Economic Court has been set for August 27 2009. This hearing will determine whether the appeal should be sent for formal review.  Work on the Kemerkol exploration and production licence in Western Kazakhstan is temporarily suspended.

In an operational update, VOG said the date for spudding of the first well, Well 105, at the Logbaba gas and condensate project in Cameroon is set for August 31 2009, and it confirmed that the Logbaba exploration licence has been extended until the well is completed.

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