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Victoria Oil & Gas PLC

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.

Quick facts: Victoria Oil & Gas PLC

Price: £0.10

Market: AIM
Market Cap: £26.07 m
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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