viewVictoria Oil & Gas PLC

Victoria Oil & Gas agrees settlement with Weatherfords

The agreement settles debt related to past drilling activities at the Logbaba field in Cameroon.

oil and gas operations
VOG is paying US$1.4mln

Victoria Oil & Gas PLC (LON:VOG) has signed a settlement agreement to resolve all outstanding obligations to Weatherfords for the La-107 and La-108 well programmes at the Logbaba field.

The company has agreed to pay Weatherfords Services and Rental Ltd US$1.4mln as full and final payment, to extinguish outstanding debt.

WATCH: VOG positioned for growth as it focuses on costs and profitability

“In accordance with the settlement, the parties have signed and filed with the relevant court consent orders for the statutory demand to be set aside, which is now only a matter of process at court," the group said.

Quick facts: Victoria Oil & Gas PLC

Price: 7.28 GBX

Market: AIM
Market Cap: £18.7 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


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...

In exchange for publishing services rendered by the Company on behalf of Victoria Oil & Gas PLC named herein, including the promotion by the Company of Victoria Oil & Gas PLC in any Content on the Site, the Company...



Aksa Energy deal to put Victoria Oil & Gas 'on the path to profitability'

Victoria Oil & Gas PLC's (LON:VOG) Ahmet Dik tells Proactive London's Andrew Scott they've signed a non-binding term sheet for an energy supply deal in Cameroon. The agreement is with Aksa Energy to supply up to 25mln standard cubic feet a day of gas to Aksa Energy's planned...

on 29/7/19

2 min read