Victoria Oil & Gas Plc (Victoria) has become a significant domestic energy supplier in Africa through its wholly owned subsidiary: Gaz du Cameroun S. A. (GDC).
With operations located in the industrial port-city of Douala, Cameroon, customers are converting their operations to take natural gas supplied by our production wells and pipeline infrastructure.
GDC is the sole gas supplier in the area, providing a cheaper, more efficient, reliable, and cleaner energy alternative to Heavy Fuel Oil use.
Our teams of engineering advisors are on hand to help customer’s cost and implement the change to GDC’s energy products.

Victoria Oil & Gas is traded in the NEX Exchange HERE

Link-HISTORICAL NEWS,VIDEO/AUDIO & EVENTS

Link-Dedicated Posts for:
Gaz du Cameroun S.A. (“GDC”)
Gaz Du Cameroun Matanda S.A. ("GDC Matanda")

Link-Cameroon-Industrialisation Master Plan (PDI) & Africa Energy

NEWS

21st Jan 2019 Production Update
17th Jan 2019 Q4 2018 Operations Update
02nd Jan 2019 Presidential Decree on Matanda Received
24th Dec 2018 Renewal of Long-Term Gas Supply Contract with ENEO
28th Sep 2018 INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2018
17th Aug 2018 Q2 2018 Operations Update
22nd Jun 2018 Report and Accounts to 31 December 2017
14th Jun 2018 Restructure of the BGFI Debt Facility
04th Jun 2018 Notice of Annual General Meeting
04th June 2018 Logbaba Field Reserves Update
24th May 2018 Q1 2018 Operations and Outlook
16th Feb 2018 Q4 17 Operations Update & 2018 Outlook Replacement
05th Jan 2018 Gas Supply Contract with ENEO Not Extended



VIDEO/AUDIO

21st Jan 2019 Victoria Oil & Gas looks ahead to increased cash flow
24th Aug 2018 Victoria Oil & Gas confident of resolving ENEO contract 'within weeks'
22nd Apr 2018 Video from 21/04/2018 UK Investor Show
16th Feb 2018 Victoria Oil & Gas confident of positive outcome to ENEO issue
08th Nov 2017 Victoria Oil & Gas reports very pleasing initial results from La-108
31st Oct 2017 21 Oil and Gas - African Power Panel
30th Oct 2017 121 Oil & Gas Investment
26th Oct 2017 Victoria Oil & Gas raises US$23.5mln to accelerate new growth programme
26th Sep 2017 Victoria Oil & Gas to finalise long term supply contracts after first gas at LA-107
17th Aug 2017 Victoria Oil & Gas expecting La-107 to be a 'substantial' producer
16th Apr 2017 Video from 01/04/2017 UK Investor Show
13th Apr 2017 'It's been a terrific year and a great quarter', says Victoria Oil & Gas' Kevin Foo
06th Mar 2017 Farm-out deal 'a really good strategic move' for Victoria Oil & Gas, says chairman Kevin Foo
06th Feb 2017 Chairman runs Proactive through the good start to 2017

EVENTS

28th Jun 2018 Annual General Meeting ("AGM")
10th May 2018 Africa Oil & Power Investor Forum-London
21st Apr 2018 UK Investor Show
11th-12th Apr 2018 Africa Investment Exchange: Gas (AIX: Gas 2018)-London
09th-10th Nov 2017 The Cameroon Investment Forum(CIF)-Cameroon
30th-31st Oct 2017 121 Oil & Gas Investment-London
23rd-27th Oct 2017 Africa Oil Week 2017-Cape Town South Africa
07th Sep 2017 One2One Investor Forum - London
05th Sep 2017 Oil Capital Conference-London
28th Jun 2017 Annual General Meeting
01st Apr 2017 UK Investor Show
9th Feb 2017 Presentation slide show for One2One
9th Feb 2017 One2One Investor Forum - London

Social Media
    

Preliminary Results for the seven-month period ended 31 December 2015(Continued)

Operations Report

Dear Shareholder,

I am pleased to report on operational matters at GDC, where focus during the period has progressed from delivery of grid power to planning for expansion. Our operations are both upstream and downstream, so obtaining the optimal expansion strategy requires us to balance reserves and processing capacity against demand for our gas in and around Douala and having the infrastructure in place to reach the market.

During the period, we sold 1,736mmscf of gas (846mmscf for the seven months to 31 December 2014). The average daily rate of gas production for the whole of the reporting period was 8.57mmscf/d (3.95mmscf/d for the seven months to 31 December 2014). Condensate offloaded during the period was 26,055bbls (13,598bbls for the seven months to 31 December 2014).

Thermal Gas Connections and Gas Sales Agreements ("GSAs")

Dangote was commissioned in June 2015. Sic Cacaos and New Foods were both commissioned at the end of May 2015, and June 2015 was their first full month of consumption, and all three of the aforementioned have been consuming consistently ever since. New Foods and Sic Cacaos are consuming at their expected levels and Dangote continues to increase production at its new clinker plant.

Our newly established marketing and sales team is focused on increasing our reach into the Bonaberi area and during the period, eleven new GSAs were signed.

Pricing

GDC has a contract price bracket of $9 to $16/mmbtu for its gas sales and a sales price for its condensate based on the Brent oil price. The fall in the market price of alternate products to our gas has made them more price competitive than previously, resulting in a small number of customers switching to alternative fuels.

We market the benefits of using gas, including uninterrupted supply, time and effort saved on deliveries and logistics, no contamination of final products, cleanliness and environmental benefits and the vast majority of our customers recognise the strength of this argument.

Grid Power

The seasonal nature of our business has been demonstrated since the grid power customer ENEO started consuming gas in line with the wet/dry season and the take-or-pay conditions of their contract.

GDC has maintained continuous and uninterrupted gas supply to both the Bassa and Logbaba power stations and has proved its ability to deliver on supply commitments in accordance with the agreements we have signed.

During the period, the short-term Genset equipment rental contracts with our industrial power customers came to an end as did the related GDC contract with the provider of the Gensets. GDC remains a gas supplier to these customers under GSAs.

Bonaberi Pipeline Extension

Towards the end of 2014, GDC completed Phase I, approximately 2.2km, of the Bonaberi line to its pipeline network after successfully laying pipe and delivering gas under the Wouri River. During this reporting period, our sales team has identified new potential customers and has obtained signed commitments from a number of them to support a subsequent two-phase expansion of the pipeline.

Phase II Bonaberi line extends the existing pipeline from Magzi 2 Industrial Estate to Maya Oil factory, a distance of approximately 8km. The two material customer connections on this phase are Maya & Cie and SMS Shal. The larger of the two is Maya & Cie; a cooking oil and soap producing company located on the Bonaberi Road. Their initial estimated consumption is expected to be 380,000scf/d but we are factoring in a higher pipeline capacity in anticipation of increased demand from Maya.

The delivery of earthworks for this Phase II Bonaberi extension has been outsourced to and coordinated with SOGEA SATOM Succursale Cameroun, the company contracted by the Government of Cameroon to lay bitumen along the Bonaberi road. By contracting their services to carry out the trenching work simultaneously with the construction work on the major road, a significant cost and time saving has been achieved. At the time of approval of the financial statements 3.7km of pipe has been laid and commissioned and an additional 1.3km of pipe has been welded and is ready to be laid. The customers on Phase II Bonaberi are expected to come online during Q3 2016.

Bonaberi is a new and fast growing industrial area in Douala building out to the new Magzi 3 Industrial Estate. Bonaberi is a less densely populated area of Douala than the port side of the Wouri River, which makes the pipe laying and testing less complicated. With ease of access to Bonaberi through the new bitumen road and access to GDC's gas distribution pipeline network we believe using our gas will be significantly more attractive for prospective industrial companies.

Beyond Maya Oil, upon completion of Phase II Bonaberi pipeline, the Phase III Bonaberi pipeline will commence. This is planned to add an additional 5.5km to five new customers with 130,000scf/d of expected consumption. These customers are anticipated to be online in late 2016.

Cost Reduction

Having gone through an initial production and sales growth phase, the Group aims to increase profitability in 2016, both through increased revenues and via operational and corporate cost reductions.

During the period, we have reduced our salary bill and renegotiated a number of supplier contracts, and expect further cost savings to materialise throughout 2016.

Drilling Programme

During the period, GDC has been preparing to drill two wells onshore at the Logbaba Field to supplement the two existing Logbaba production wells. The new wells are required to meet the demand for Logbaba gas, to develop Logbaba reserves and to move some of our 2P (Proven plus Probable) reserves into the 1P (Proven) reserve category. One of the wells will twin the La- 104 well drilled in 1957; the other well will be a 'step-out' well that will be drilled into a target that is intended to add to our Probable reserves. Both of the wells will be drilled directionally from the one drilling pad adjacent to the Logbaba gas plant and they are to be tied into our production facilities immediately after they are drilled and completed. The La-104 twin-well is almost vertical; the 'step-out' well will be drilled to intersect a target that is about 1,100m to the South-East of the Logbaba drilling pad.

Both wells are intended to be production wells from the Logbaba Formation, which is a thick sequence of interbedded sands and shales found at depths between 1,700m and 3,200m below the surface. In addition to developing the gas reserves in the Logbaba Formation, one of the wells, the La-104 twin, has an optional additional objective of an 'exploration tail.' This could be drilled from the base of the Logbaba Formation (approx. 3,200m) down to 4,200m below the surface to test the hydrocarbon potential of the Mundeck Formation which had gas shows in well La-104.

GDC has sourced a drilling rig from Savannah Oil Services Cameroon S.A., an independent private Cameroon company and the rig is currently being shipped to Cameroon. Savannah has supplied a rig in accordance with the specifications determined by GDC subsurface team and SPD Petrofac, taking into consideration high pressure and high temperature drilling conditions. The rig will be mounted on rails between the two well locations, allowing efficient batch drilling to be undertaken using a single unit. SPD Petrofac is providing well design and project management services and with their assistance we are now working on the detailed design and programme preparation.

Major site preparation work is underway including slope stabilisation, leveling for drilling rig tracks and drilling pad preparation. New warehousing for rig supplies, storage and camp civils are also under construction. Long-lead orders have been placed.

During the period GDC carried out a security review on its operations in Douala. A number of the priority items have been implemented in order to be completed in time for the drilling programme such as improved security fencing, CCTV and lighting, improved access controls and new security offices.

The budget for the two-well drilling programme totals less than $40 million, excluding the optional exploration tail, and at the time of approval of the financial statements, GDC is still expected to remain within budget and on schedule.

Logbaba Gas Plant Capacity Expansion

Following the purchase of the gas processing plant in May 2015, Expro International BV has completed the process plant expansion study. Stage one of the gas plant expansion to 25mmscf/d capacity (from 20mmscf/d) is in the preliminary engineering phase. Further expansion phases will tie in with the well results.

Matanda

Negotiations during the period resulted in the announcement of the assignment of a 75% interest in the Matanda Block, adjacent to current Logbaba gas production operations, and the subsequent Cameroon Government approval of the assignment. Matanda covers an area of approximately 1,235km2, over 60 times the area of the GDC Logbaba concession and is highly prospective for significant natural gas and gas condensate resources. The North Matanda Field is estimated to hold an estimated P50 'gas-in-place' volume of 1.8tcf and 'condensate- in-place' of 136mmbbls.

Gaz du Cameroun Matanda S.A., a subsidiary of VOG, and AFEX, a Bahrain based company which has the remaining 25% interest, have submitted a new work programme to the Government of Cameroon for approval and expect to commence the first phase of seismic data acquisition in Q4 2016 after completion of the Logbaba drilling programme. The assignment of the Matanda Block complements the Group's current plan to increase its operating footprint in Cameroon. The existing Logbaba gas network infrastructure will also allow for fast-track development of any new discoveries made on Matanda to deliver additional natural gas to local industrial users in Cameroon.

During the period, the Company undertook an initiative to collate all existing seismic data on the Logbaba Field in order to reprocess it using modern techniques. By coordinating with SNH, the Company succeeded in locating 152km of 2D seismic data from three separate surveys. Post period a reprocessing services tender was run and a successful bidder selected to commence test processing of three 10km segments. With the information attained from this newly reprocessed data, the Company will be able to define the parameters for any additional seismic (2D or 3D) acquisition programme in the urban areas of Logbaba with a much greater level of accuracy, as well as expanding the underlying data-set for future reserves calculations. The addition of new subsurface information will also assist in de-risking future wells beyond the 2016 two-well programme.

All of the achievements of GDC in recent months would not have been possible without the hard work, dedication and loyalty of the team on the ground in Douala and I want to express my sincere gratitude and thanks to each one of them for making GDC a success.

Ahmet Dik
Chief Executive Officer,
Gaz du Cameroun S.A.
29 May 2016

****Further details from link below****

http://www.moneyam.com/action/news/showArticle?id=5350673

Victoria Oil & Gas seeks further opportunities after first profit in Cameroon
Tuesday, 31 May 2016

(Ecofin Agency) - Victoria Oil & Gas has announced that its first profit as revenues from its Logbaba field in Cameroon for the seven-month period ended December 31, increased extremely as it is planning to boost its reserves and produce more gas in the country.

Initial results for the seven months were $1.63 million, while revenues increased to $21.4mln.

The company has changed its end of the year to December and income for that 12 months to May 2016 is at $27.9 million.

“During the period, our gas sales doubled when compared to the equivalent seven months in 2014. Our research shows that the demand for gas in Douala, Cameroon and the surrounding areas remains far in excess of our ability to supply,” Kevin Foo, Victoria Oil’s Executive chairman said.

Victoria Oil is seeking for industrial customers in Douala and due to this it sold 1.736 Mmscf for the seven months.

Per day output was 8.57 Mmscf/d at contract prices between $9 and $16 per Mmbtu for its gas.

According to Foo, Victoria Oil is beginning to seek for other opportunities within Africa that can be leveraged by its experience in Cameroon.

“Our plan is to focus on the development phase of projects and enter at a point post discovery of gas and prior to development of the field,” he told Energy Voice.

Nice bit of coordination, from the Preliminary Results for the seven-month period ended 31 December 2015 (31 May 2016):

"The delivery of earthworks for this Phase II Bonaberi extension has been outsourced to and coordinated with SOGEA SATOM Succursale Cameroun, the company contracted by the Government of Cameroon to lay bitumen along the Bonaberi road.

By contracting their services to carry out the trenching work simultaneously with the construction work on the major road, a significant cost and time saving has been achieved.

At the time of approval of the financial statements 3.7km of pipe has been laid and commissioned and an additional 1.3km of pipe has been welded and is ready to be laid. The customers on Phase II Bonaberi are expected to come online during Q3 2016."

Edit:

Victoria Oil & Gas helps grow a booming Cameroon
The largest economy in central Africa is seeing growth thanks to popular utility company

(PR NewsChannel) / June 6, 2016 / DUALA, Cameroon

Many westerners are overjoyed with the fact that gasoline and energy costs have been relatively low over the past few months. As a result, consumers are seeing their wallets grow fatter and their utility bills shrink. However, this is not only a new development in the western world but even parts of Africa as well.

Victoria Oil & Gas (VOG), which is a major energy utility in the west central region of Africa, has been building gas pipelines all over the city of Douala in Cameroon. For the past few years they have been seeing unprecedented success. Their newest development has been the construction of the Logbaba pipeline project. The pipeline is based in the major city of Douala which is considered to be the “business hub” of central Africa. This project alone generates countless dollars in revenue each year.

In addition, Victoria Oil & Gas is expected to lay 13 kilometers of new pipeline this year, expanding out into the Bonaberi industrial area.

The company has seen such enormous success that not only are investors moving into the stock, but local citizens in Cameroon have enjoyed careers and utility contacts with the company. Due to the incredible economic development driven by VOG, the people of Cameroon are experiencing prosperity that is rare in the rest of the continent.

While many countries in the region battle famine and terrorism, Cameroon, which is tucked away into the coastal region of central west Africa, has made great economic strides recently due to private investment from foreign companies like VOG.

The sunny economic conditions that Cameroon is enjoying are the direct result of abundant natural resources and the encouragement of international investment. Currently, Cameroon has seen a healthy GDP growth rate of 6% and a steady inflation rate of 3%. Hoping to build on the recent economic gains, long serving President Paul Biya invited nearly 100 foreign journalists and businessmen to the “Invest in Cameroon” conference last month. Biya, who is “determined to encourage private investment” emphasized that in order to maintain the improving economic conditions the Cameroonian government must work with foreign companies, so that they might bring their business to their nation.

Kevin Foo, Chairman of Victoria Oil & Gas could not be more delighted with the progress his company has seen in the region. “I have been very uplifted recently with the success that our company has achieved in Cameroon. It is always encouraging to me when we come into a country, help them develop a resource and help put local citizens to work all while expanding our own business.” He added “One of the major reasons why Cameroon is a staple of success in the central African region, while a lot of its neighbors are experiencing hardship, is because the national government understands the need for and supports private investment.”

In a publication last month by Cross-border Information, the author focused on Victoria Oil & Gas and how it helps drive the Cameroonian economy because it believes in the stability of the nation. Despite the fact that “Boko Haram is still a threat, Cameroon believes it scores well when compared to potential rivals blighted with greater security concerns and economic volatility.”

Report & Accounts December 2015 (Released today)

A Unique African Gas Utility

http://www.victoriaoilandgas.com/sites/default/files/160531%20VOGAR%20DEC15_WEB_2.pdf

I'm pretty certain this is the first time we have heard that 'Discussions are ongoing'

From todays Report & Accounts December 2015:

West Medvezhye
Project, Russia

"It remains VOG’s objective to find a buyer or partner for this project. Discussions are ongoing with several groups to this end."

http://www.victoriaoilandgas.com/sites/default/files/160531%20VOGAR%20DEC15_WEB_2.pdf

***************************************************
06 Jun 2016

Report & Accounts December 2015

West Medvezhye
Project, Russia

"It remains VOG’s objective to find a buyer or partner for this project. Discussions are ongoing with several groups to this end."

31 May 2016
Results for the 7-month period ended 31 December 2015

In Russia, we continue to seek a partner or purchaser of the West Medvezhye oil and gas project.

19 Apr 2016
Q1 2016 Operations Update

Notes to Editors
About Victoria Oil & Gas Plc
VOG also holds 100% of the West Medvezhye oil and gas exploration project near Nadym, Russia. Given the challenging economic environment in Russia, The Group has fully impaired the West Medvezhye assets.

13 Apr 2016
US$26m Debt Facility to Support Logbaba Expansion

Notes to Editors
About Victoria Oil & Gas Plc
VOG also holds 100% of the West Medvezhye oil and gas exploration project near Nadym, Russia. Given the challenging economic environment in Russia, The Group has fully impaired the West Medvezhye assets.

29 Feb 2016
INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 NOVEMBER 2015

Notes to Editors
About Victoria Oil & Gas Plc
VOG also holds 100% of the West Medvezhye oil and gas exploration project near Nadym, Russia. The field has C1 plus C2 reserves of 14.4MMboe (under the Russian resource classification system, analogous to proven and probable reserves under Western conventions) in addition to best estimate prospective resources of 1.4Bnboe. Given the challenging economic environment in Russia, The Company has fully impaired the West Medvezhye assets.

28 Jan 2016
Operations Outlook 2016

Notes to Editors
About Victoria Oil & Gas Plc
VOG also holds 100% of the West Medvezhye oil and gas exploration project near Nadym, Russia. The field has C1 plus C2 reserves of 14.4mmboe (under the Russian resource classification system, analogous to proven and probable reserves under Western conventions) in addition to best estimate prospective resources of 1.4bboe. Given the challenging economic environment in Russia, The Group has fully impaired the West Medvezhye assets and is seeking a farm in partner or sale of this asset.

28 Oct 2015
Results for the year ended 31 May 2015

The impairment of the Russian asset was included in of the Interim Results for the six months ended 30 November 2014. The Directors continue to pursue ways to derive value from the asset through farm-out, joint venture or sale, however this has been challenging due to the state of relations between Russia and the West, combined with the low oil price, and so the asset continues to be carried fully impaired.

27 Feb 2015
INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 NOVEMBER 2014

Concerning our 100% owned Russian property, West Medvezhye, we have continued to pursue ways to derive value for this asset, through farm-out, joint venture or sale. West Medvezhye has significant gas and gas condensate reserves but the current state of relations between Russia and the West, combined with a low oil price, makes near-term development of the asset challenging and we believe divestiture is a more prudent course. With our focus on Cameroon, the Board has taken the decision to fully impair the Russian asset, writing it down by $49.8 million. We shall of course continue to seek partners to derive full value from the asset.”

28 Feb 2014
Interim Financial Report for the Six Months Ended 30 November 2013

At West Medvezhye, Russia, the Company is looking at a number of ways to derive value from West Medvezhye through farm-outs, joint ventures or mergers.

10 Oct 2013
WEST MEDVEZHYE OIL AND GAS PROJECT, RUSSIA

Our 100% owned West Medvezhye (“West Med”) block lies adjacent to the Yamal Peninsula in North West Siberia. It is one of the most prolific oil and gas producing regions in the world and neighbours the giant Medvezhye and Urengoy fields. West Med covers 1,224 km², and has a discovery well, Well-103, with “C1 plus C2” reserves of 14.4 million barrels of oil equivalent (“boe”) under Russian resource classification system.

In addition, the West Med acreage is assessed to have best estimate prospective resources of 1.4 billion boe comprising 670 million barrels of oil and 730 million boe of gas and condensate.

Best time to make a deal?

Russia to Maintain OPEC Relations, Plans Autumn Meeting
Published in Oil Industry News on Sunday, 5 June 2016

"REBALANCING

Having been pessimistic over the timing of the market's imbalance receding, energy ministers, including Novak, have started to note signs of it heading back towards rebalancing.

The International Energy Agency said in May that unplanned disruption to output in Canada, Nigeria and Libya could help run down a global overhang of unused crude this year, while demand will benefit from growing gasoline usage.

"It was a successful meeting, it was full harmony among members. We reviewed thoroughly market's status of oil supply and demand. The worst was over," Qatari Energy Minister Mohammed Al-Sada told reporters in Moscow, referring to the OPEC meeting."

""The market is heading towards rebalancing."

Al-Sada said he saw "huge shrinkage in investments" in the oil industry because of the recent price weakness - down to as low as $27 per barrel in January - "which can lead to shortage down the road."

"Investment is needed to come back so that we can sustain production and satisfy the market medium to long term," he said.

On Thursday, OPEC decided unanimously to appoint Nigeria's Mohammed Barkindo as its new secretary-general after years of friction over the issue.

Novak, who was meeting al-Sada on Friday in Moscow as a part of a regular inter-governmental commission, told reporters that he saw the appointment of a new secretary general as a key OPEC decision.""

He reiterated that Russia did not expect any new actions from the cartel and said he kept his forecast of an average oil price for 2016 at between $40 and $50 per barrel.

http://www.oilandgaspeople.com/news/8739/russia-to-maintain-opec-relations-plans-autumn-meeting/

7 June 2016
Victoria Oil & Gas Plc
("VOG" or "the Company")

Report and Accounts to 31 December 2015

Victoria Oil & Gas Plc announces that the following documents are now available on its website at www.victoriaoilandgas.com/agm :

· Report and Accounts

· Notice of Annual General Meeting

· Proxy Form

A printed copy of the Report and Accounts for the seven-month period to 31 December 2015, which includes the Notice of Annual General Meeting, was posted on 6 June 2016 to the Company's shareholders as per individual request.

The Company's shareholders can elect to receive notification by email of the publication of future annual reports by registering on www.investorcentre.co.uk.


The Annual General Meeting of the Company will be held on 29 June 2016 at the Coin Street Neighbourhood Centre, South Bank Room 1, 108 Stamford Street, South Bank, London SE1 9NH at 11.00am.

http://www.moneyam.com/action/news/showArticle?id=5355332

23 June 2016
Victoria Oil & Gas Plc
("VOG" or "the Company")

Appointment of Group Chief Executive Officer ("CEO")


Victoria Oil & Gas Plc, the integrated natural gas producing utility, today announces that Ahmet Dik has been appointed as Group CEO. Mr Dik is an existing member of the Board and preceding today's appointment held the position of Chief Executive Officer for the Company's wholly owned Cameroon subsidiary Gaz du Cameroun S.A ("GDC").

Mr Dik has been instrumental in developing both the VOG and GDC businesses. In 2014 he led the team to secure the ENEO grid power supply contract and in the past 7 months, as Chief Executive Officer of GDC, has presided over significant growth in gas sales, securing of a local debt instrument, the assignment of the 1,235km2 Matanda block to VOG and the design and planning phase of the 2016 drilling programme.

Following the gas sales growth in Cameroon over the previous 18 months, VOG is positioning itself to develop its integrated gas supply network through an extensive expansion programme. New thermal markets are being reached by the ongoing network expansion on the Bonabari shore and two new gas wells at Logbaba are scheduled to begin drilling soon. Subject to satisfactory well test results, a plant expansion programme will also be completed. The Matanda block assignment, completed during Q2 2016, also provides the Company with a significant onshore block, adjacent to current operations that can be developed for future gas supply.

Kevin Foo, Chairman, said: "Ahmet's appointment as Group CEO follows a sustained period of operational delivery from the Company, as we build a substantial gas business in Cameroon. Ahmet has been instrumental in that growth over the last three years and now he will lead us as we expand further in Cameroon and elsewhere within Africa."

Ahmet Dik, CEO, said: "I am delighted with my appointment as VOG CEO as our Company moves into the next growth phase. What we have achieved in terms of monetising gas supply in Cameroon and delivering it to a domestic market has been remarkable. We shall continue to focus on maintaining reliability, consistency and quality of product. We intend to increase our gas reserves and production supply to meet the large demand for cheaper, clean and convenient energy in Cameroon."

http://www.moneyam.com/action/news/showArticle?id=5365411

Lol Dik and Foo in charge

New Victoria Oil & Gas CEO hailed as driving force behind recent growth phase
12:22 23 Jun 2016

Ahmet has been instrumental in that growth over the last three years and now he will lead us as we expand further in Cameroon and elsewhere within Africa. - chairman Kevin Foo.



Victoria Oil & Gas plc (LON:VOG) has promoted Ahmet Dik to the role of chief executive.

A board member already, and head of the company’s main operating subsidiary, Gaz du Cameroun, Dik has spearheaded VOG’s growth.

He helped the company land a grid supply deal for the gas from the company’s Logbaba field and has overseen the acquisition of the neighbouring Matanda block.

“Ahmet's appointment as group CEO follows a sustained period of operational delivery from the company, as we build a substantial gas business in Cameroon,” said chairman Kevin Foo.

“Ahmet has been instrumental in that growth over the last three years and now he will lead us as we expand further in Cameroon and elsewhere within Africa."

The shares marked time in early afternoon trade at 32.3p, valuing the business at £35mln.

The acquisition of the Matanda block in Cameroon earlier this marked a significant step change for VOG, giving it a substantial gas presence in a country crying out for power.

By taking a 75% stake it has bought an asset 60-times larger than its existing Logbaba concession.

IN DEPTH: The deal that transformed VOG

LATEST: Looking beyond Cameroon

Victoria Oil & Gas by numbers

The North Matanda field is estimated to hold 1.8 trillion cubic feet (Tcf) of gas and 136mln barrels of condensate on a p50 (50% probability) basis.

That compares with 208bcf of gas and 3.1mmbls of condensate at Logbaba as of last October.

Mining titan Glencore was the operator, but the agreement has seen it assign its 75% interest and responsibilities in the block to Victoria.

In return, Victoria will undertake a work programme to be agreed by the Cameroon government. AFEX, a Bermuda-based resource group, will retain its 25% participating interest.

The work programme plan initially is to explore onshore licence areas within a few kilometres of Logbaba and send any discoveries through the pipeline network operated by Gaz Du Cameroun or GDC, Victoria’s Cameroon subsidiary.

At present, GDC estimates demand for gas in Cameroon for thermal and power generation is estimated be in excess of 150mmscf (millions of standard cubic feet) per day and one of its stated ambitions is to grow production to meet this demand.

Matanda will certainly do that. GDC is currently the only supplier of natural gas to Douala, Cameroon’s rapidly growing second city.

In GDC's own words, it manages the whole value chain from the wellhead to customer connection.

Long-term supply contracts have been established with customers at prices from $9/mmbtu (millions of British thermal unit) to $16/mmbtu and with prices not subject to regulation.

Just from Logbaba, where it has a 60% stake, production is currently running at 15mmscf/d and a 'primary objective' in 2016 is to exceed 3.7 Bcf of annual production, a 30% increase over 2015.

Two new wells on the Logbaba field are also planned, and new CEO Dik has led the planning phase.

Infrastructure plans include designs for the gas treatment plant capacity to rise to 40mmscf/d, adding 13km to the pipeline network and to develop new product areas such as compressed natural gas (CNG).

Ian Lyall

29 June 2016
Victoria Oil & Gas Plc
("VOG" or "the Company")

Drilling Rig Arrival at Douala Port, Cameroon

Victoria Oil & Gas Plc today announces that the Savannah Oil Services Cameroon S.A. ("Savannah") Train Rig ("the rig") has arrived by ship to Douala port and the 2,756 tonnes of bulk load and containers have been offloaded and are ready for customs clearance. The new rail-mounted drilling platform for both a twin and step-out well will be located at the existing Logbaba plant and well site, approximately 13km from the port. VOG's wholly-owned subsidiary Gaz du Cameroun's ("GDC") schedule is to commence drilling in early Q3 and complete drilling by the end of 2016.

Overview

GDC is preparing to drill two wells into the onshore Cameroon Logbaba Field to supplement the two existing Logbaba production wells (La-105 and La-106). The board of VOG believes that the new Logbaba wells (La-107 and La-108) are required to meet the growing market demand for Logbaba gas, to develop Logbaba reserves, and to move some of our 2P (Proven plus Probable) reserves into the 1P (Proven) reserve category. One of the wells will twin the La-104 well drilled in 1957; the other will be a step-out well to be drilled into a target intended to prove up more Probable reserves. Both of the wells will be drilled directionally from a drilling pad adjacent to the Logbaba gas plant, and are to be tied into our production facilities immediately after they are drilled and completed. The La-104 twin well is almost vertical, with a target depth of 3,200m; the step-out well will be drilled to intersect a target about 1,100m to the south-east of the Logbaba drilling pad, also with a target depth of 3,200m.

Both wells are intended to be production wells from the Logbaba Formation, which is a thick sequence of interbedded sands and shales found at depths between 1,700m and 3,200m below the surface. In addition to developing the gas reserves in the Logbaba Formation, one of the wells, the La-104 twin, has an additional option of an 'exploration tail.' This could be drilled from the base of the Logbaba Formation down to 4,200m below the surface to test the hydrocarbon potential of the Mundeck Formation which had historical gas shows in La-104.

Logbaba Drilling Campaign

GDC has prepared rig pad foundations, including, leveling for the drill rig's track and preparations of the cellars and mud pits together with the lay down areas for the equipment and drill piping. Three drill conductors have been hammered into place and some extra mud pits and a further holding area are in the process of being finalised. Other major site preparations, including new warehousing for rig supplies, camp civils and the pre-drilling slope stabilisation work are completed. Transportation and assembly of all component drill parts and camp are being provided for the project by Savannah.

VOG Chief Executive Officer Ahmet Dik said: "The drilling rig has arrived in Douala port and we plan to commence drilling at the Logbaba site as soon as practicable. Our intention is to complete both the step-out and twin wells during 2016 aimed at unlocking further reserves and production capacity for sale to the burgeoning energy market in Douala. Additional gas reserves can be rapidly monetised to supply our captive energy market which we believe is largely insulated against fluctuating oil price and currency movements. "

http://www.moneyam.com/action/news/showArticle?id=5368751

VOG doing very well this year regarding updating their social media channels with announcements/news:

    

Result of Annual General Meeting (“AGM”)
29 Jun 2016


Victoria Oil and Gas Plc, the unique African gas utility, is pleased to announce that, at the AGM of the Company held this morning, all of the resolutions that were proposed in the Notice of Annual General Meeting which was sent to shareholders, dated 29 May 2016, were duly passed.

The presentation, given by Mr Dik, CEO, is available on the Company website

AGM Presentation

New Fact Sheet released:

http://www.victoriaoilandgas.com/sites/default/files/factsheets/1606%20VOG%20Fact%20Sheet%20Flyer.pdf

Taken from LSE VOG thread. There is a video which includes Kevin Foo, VOG/GDC supply the gas to the 50 MW natural gas power plant:

Altaaqa Global and Caterpillar Team Up to Power Cameroon and Empower Locals through Customer Development Program
06/30/2016 | Press Release

"In 2015, Altaaqa Global installed a 50 MW natural gas power plant in Cameroon’s most populous city, Douala, as an immediate solution to the city’s chronic electricity shortage. The power plant added reliable power to Cameroon’s grid, and provided its people and industries with a new, reliable source of electricity.In 2015, Altaaqa Global installed a 50 MW natural gas power plant in Cameroon’s most populous city, Douala, as an immediate solution to the city’s chronic electricity shortage. The power plant added reliable power to Cameroon’s grid, and provided its people and industries with a new, reliable source of electricity."

Feedback from the AGM (bear in mind this was from a shares BB but appears genuine)

Q2 Operational Update will be released in 2-3 weeks time but until then a few recent highlights:

29th Jun 2016 AGM Presentation
29th Jun 2016 Drilling Rig Arrival at Douala Port, Cameroon
29th Jun 2016 Victoria Oil and Gas Factsheet
06th Jun 2016 Report & Accounts December 2015
31st May 2016 Results for the seven-month period ended 31 December 2015


    

14 July 2016
Victoria Oil & Gas Plc
("VOG" or "the Company")

Directorate Changes

Victoria Oil & Gas Plc, the Cameroon gas utility company, today announces the appointment of Roger Kennedy as a Non-Executive Director of the Company with immediate effect. The addition of Mr. Kennedy to the Board will balance the number of executive and non-executive directors and provide a wider spectrum of skills to the Company.

Roger Cameron Kennedy, aged 53

Roger is currently Chairman of KCP Limited, a family office investing in public and private equity, having previously served as Chief Executive Officer from 2000 to 2007. In 2012, Roger co-founded QKR Corporation Limited, a diversified mining investment company backed by sovereign funds, institutional investors and high-net-worth individuals and served as a director until 2014.

Over the same period, he served as a director and Head of Business Development for Star Petroleum Limited, an upstream E&P company with oil licenses in Libya, South Sudan, Uganda, Angola, Nigeria and the Caspian Sea.

Prior to 2012, Roger was Managing Director and Head of the Energy & Natural Resources Group, Asia Pacific at J.P. Morgan Securities (Asia Pacific) Limited, where he built and managed a large Asia Pacific based team focused on Oil & Gas, Metals & Mining, Power and Chemicals. From 1994 to 2000 Roger was Head of the Latin American Industrials Group (Oil & Gas, Metals & Mining, Utilities, Infrastructure and Construction) and member of the M&A, Debt Capital Markets, Telecom and Natural Resources Investment Banking teams at Salomon Brothers Inc. Roger graduated from Oxford University with a D.Phil./PhD in Economics and Politics, holds a Juris Doctorate from New York University and is a member of the New York Bar Association.

Kevin Foo, Executive Chairman, commented:

"Roger Kennedy is an outstanding individual with huge experience and passion for resources development across many sectors. We are very pleased to welcome Roger to the Board. His joining the Company is an endorsement of our growth and our potential."

Roger Kennedy Directorships:

Current Directorships
KCP Limited
KCP Capital Pty LTD
Jasper Management Corporation Limited

Previous Directorships (past 5 years)
QKR Corporation Management (UK) Limited
QKR Corporation Limited
Star Petroleum Limited

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

This announcement contains inside information.

About Victoria Oil & Gas Plc

Victoria Oil & Gas (VOG.L) is a gas utility company.

The Company's subsidiary, Gaz du Cameroun S.A. ("GDC") owns a 60% participating interest and operates the onshore Logbaba Gas Project. The Logbaba Gas Project supplies cost effective, clean and reliable natural gas to industries in the Douala region of Cameroon. RSM Production Corporation, an affiliate of Grynberg Petroleum Company of Denver, Colorado holds the remaining 40% participating interest. In addition, VOG has recently been assigned a 75% participating interest in the Matanda block, which neighbours the Logbaba block. The remaining 25% participating interest is held by AFEX.

VOG also holds 100% of the West Medvezhye oil and gas exploration project near Nadym, Russia. Given the challenging economic environment in Russia, The Group has fully impaired the West Medvezhye assets.

http://www.moneyam.com/action/news/showArticle?id=5379350

Victoria Oil & Gas' Foo says new director Roger Kennedy will help "rebrand" the company
13:35 14 Jul 2016

Kevin Foo, Executive chairman at Victoria Oil & Gas (LON:VOG) tells Proactive Investors newly-appointed director Roger Kennedy is a "very experienced financial, legal and resources executive" who is "very happy" to join Victoria as "he can see the future" of the company and what the company has achieved and "wants to be an integral part of that".



"I want to work with Roger to somewhat rebrand the company to get that message out - what we have done, how we are independent and really hitting some goals in Cameroon," Foo says.

Foo also says the company expects to complete the drilling programme on two new wells at Logbaba by the end of the year.

Charlotte Kan