Proactive Investors - Run By Investors For Investors

Victoria Oil & Gas chair confident of production performance in 2016

Kevin Foo, chairman of Victoria Oil & Gas (LON:VOG) says the firm is ready to sell as much gas as customers are willing to take in Cameroon.

The gas supplier saw volumes jump by three-quarters in its latest quarter as supply deals with local businesses and power group ENEO ramped up.

The group supplied 7.1mmscf (mln cubic feet) per day from the Logbaba field in the three months to December, compared to 4.1mln a year earlier.

Production has now picked up again with the advent of the new dry season, Foo added, and ran at an average of 15.3mln cubic feet daily over the past two weeks.

Meet Stratex International plc, W Resources PLC, Wishbone Gold PLC, Condor Gold PLC and Kibo Mining PLC at our event, London, 29 June 2017. Register here »
View full VOG profile View Profile

Victoria Oil & Gas plc Timeline

© Proactive Investors 2017

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