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Farm-out deal 'a really good strategic move' for Victoria Oil & Gas, says chairman Kevin Foo

Last updated: 11:05 06 Mar 2017 GMT, First published: 06:05 06 Mar 2017 GMT

Kevin Foo, executive chairman at Victoria Oil & Gas plc (LON:VOG) speaks to Proactive about the farm-out deal they've struck with Bowleven PLC (LON:BLVN).

A complex tie-up will see a VOG subsidiary take an 80% stake in the Bomono production sharing contract (PSC), with Bowleven keeping the remainder and continuing as operator.

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