#logbaba

Victoria Oil & Gas: Q1 2016 Operations Update

[featured][/featured]Victoria Oil & Gas Plc update sees increased gas consumption as the first quarter of the dry season passes.  The quarter also saw the provisional assignment of the Matanda block, located adjacent to existing Logbaba operations and commencement of work on the pipeline extension in Bonaberi. The Company also began engineering for the most important project for this year; the…

Victoria Oil & Gas Secured US$26m Debt Facility at Logbaba

[featured][/featured]Victoria Oil & Gas Plc, the integrated natural gas producing utility, is pleased to announce that its wholly-owned subsidiary Gaz du Cameroun S.A. (“GDC”) has agreed a US$26m debt facility to support its production expansion at Logbaba through 2016 and 2017. The facility has been secured with BGFIBank Cameroon S.A. (“BGFIBank”). VOG aims to avoid recourse to equity markets,…