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
    

YF Finance Limited have increased their holding from 3.53% to 4.18%

http://www.moneyam.com/action/news/showArticle?id=6076908

and VOG have updated their website to reflect this increase:

http://www.victoriaoilandgas.com/investors/share-information

so why is YF buying if vog is such a dog?

banjo..take that comment back on lse or i will sue you for slander

I apologise maestro, I was getting you mixed up with someone else.

7 August 2018
Victoria Oil & Gas Plc

Result of General Meeting ("GM")

Victoria Oil and Gas Plc, is pleased to announce that, at the GM of the Company held this morning, the resolution proposed in the Notice of General Meeting which was sent to shareholders, dated 4 July 2018, was duly passed.

http://www.moneyam.com/action/news/showArticle?id=6082463

banjo...was winding you up mate

Thank god for that, I was getting worried! Taught me a lesson anyway so cheers for that.

General interest (Updating):

Feb 2018 Energy access for structural transformation and sustainable
development in Africa, Bangkok

Jan 2018 Power in Africa: Prospects for an Economic Foothold

At the end of the day it's just another persons view but possibly a more informed view point?

Malcy’s Blog bucket list (Update-Aug 14, 2018) VOG 17:08 in:

https://www.youtube.com/watch?v=reiTKEeUFlM

***Updated Post***

17 August 2018
Victoria Oil & Gas Plc

Q2 2018 Operations Update

Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, provides an update on the Group's operations for the three months ended 30 June 2018 ("Q2 18" or "the Quarter").

Highlights:


· Gaz du Cameroun S.A. ("GDC") remains confident of a resolution with ENEO Cameroon SA ("ENEO") with regards to the grid power supply issue

· CNG agreement to partner with Naturelgaz Sanayi ve Ticaret A.S ("Naturelgaz") announced on 26 June 2018 provides GDC with the opportunity to reach larger customers beyond the current pipeline infrastructure

· GDC added two new customers during Q2 2018

· Positive reserves update following the completion of the drilling campaign

GDC remains engaged with ENEO following the non-renewal of the grid power gas sale agreement at the end of December 2017, as announced on 5 January 2018. As a result of sales to ENEO not recommencing during Q2 18, the gas consumption levels from GDC's 57% participating interest in the Logbaba Project in Douala, Cameroon, are at similar levels to those reported in Q1 18.



Logbaba - Quarterly production update

The Q2 18 gross and net gas and condensate sales for Logbaba and GDC, are as follows; amounts in bold are gas and condensate sales attributable to GDC (57%):

***See Link at BOP***

ENEO update

The Government of Cameroon, ENEO, Altaaqa Global ("Altaaqa"), the genset providers to ENEO which consume GDC's gas, and GDC continue to seek a resolution to the suspension of sales to the ENEO owned Logbaba and Bassa power stations in Douala.

GDC remains confident that a solution will be found, and all parties are actively engaged in the process. The shortfalls in power supply in Cameroon continue, with hydroelectric schemes not meeting the current demand.

Customer developments

During the quarter, GDC commissioned one new thermal customer and one new retail power customer. In addition, an existing thermal customer, Camlait, commissioned a retail power solution. Production levels have increased from 3.3mmscf/d during Q2 2018 to 4.4mmscf/d during August 2018.

Because of the current power shortages in Douala, several existing and new customers have expressed interest in the retail power solutions which GDC is offering and we expect to have several of these customers signed up by year end ready for consumption of gas for power generation.

GDC is expediting its support to manufacturers and producers in Douala who are facing regular power disruptions by providing bespoke gas fired power generation for individual customers or groups of customers. As most of these proposed power customers are already connected to the gas pipeline network, adding a gas to power generation solution would increase gas consumption with minimal capital costs for GDC.

On 26 June 2018 the Company announced an agreement to partner with Naturelgaz on CNG projects. Naturelgaz is Europe's largest CNG supplier and distributor and brings valuable expertise within this field to support GDC. The project will afford GDC the opportunity to reach larger customers beyond the pipeline infrastructure and aims to replace diesel and heavy fuel oils in a variety of applications. As part of a customer diversification strategy, active discussions are underway with a number of such potential customers.

Reserves update

On 4 June 2018, the Company announced that a full subsurface reinterpretation of the Logbaba Field had been completed following conclusion of the 2017 drilling campaign. This incorporated the reprocessed historic seismic data and the new well data as a basis for ongoing reservoir development, which led to a material upgrade in the reserves of the Logbaba Field as follows:

***See Link at BOP***

Q2 2018 Operations Update

From earlier today a:


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
YF Finance Limited have increased their holding from 4.18% to 6.54%

http://www.moneyam.com/action/news/showArticle?id=6100877

and also a:

TR-1: Standard form for notification of major holdings

Majedie Asset Management Limited have reduced their percentage holding from 5.59% to 4.05%

http://www.moneyam.com/action/news/showArticle?id=6100876

Very confusing because, as of 21 June 2018 they held 8,093,473 (5.6%) which was with a total of 145,059,728 shares in issue!

Now they hold 6,093,473 (4.05%) which is with a total of 150,446,457 shares in issue!

Hmmm, maybe have another look tomorrow....

Edit

Basically they have sold 2,000,000 shares which is now reflected with the new total shares in issue............pheeeew! :-)

Haven't had chance yet to listen to all the video but great to see Kevin in the studio with positive news regarding ENEO:

Proactive Investors Stocktube

Published on Aug 24, 2018

Kevin Foo, chairman of Victoria Oil & Gas plc (LON:VOG), spoke to Proactive's Andrew Scott following the release of their Q2 operations update.

Foo says he's confident a solution can be found 'within weeks' to end the suspension of gas sales to their main customer ENEO Cameroon SA.

He also discusses their recent deal with Naturelgaz regarding compressed natural gas solutions, as potential alternative products to diesel and heavy fuel oils.

Foo says active discussions are underway with a number of potential customers.


https://www.youtube.com/watch?time_continue=787&v=Pjmhg6auRLU

All being well this all ties in with Kevin Foo's belief that ENEO will initially be taking electricity from the Logbaba 30MW power station in two weeks IE paying for VOG/GDC gas to supply generators with Bassa 20MW following shortly afterwards:

CAMEROON RENEWS ACTIS CONCESSION
Written by Journalducameroun
Saturday, August 25, 2018 10:21

In early August 2018, the Cameroonian authorities granted the extension of the concession for the distribution of electricity to the company. Actis has officially obtained the extension of its concession in Cameroon. The British investment fund owner Eneo, a company responsible for the distribution of electricity in Cameroon, had been waiting for the "good news" of the government for several months. He made the announcement on September 27, 2017. Basile Atangana Kouna, then Minister of Water and Energy, had said that this extension would be signed no later than October 15, 2017. The member of the government had added that the President of the Republic had marked his "very high agreement" for this operation. It took ten months for this contract renewal. According to "The letter of the continent", this issue was made possible after tough negotiations.

Actis, which owns 56% of Eneo's shares, had slammed an investment plan pending agreement to extend its lease. For several months, the company had been asking for the extension of its concession in order to formally raise a long-term loan of nearly 200 billion CFA francs for its investment program. Lenders would require to have a term of the concession that covers the repayment term.

https://www.camnews24.net/fr/economie/cameroun/55546-le-cameroun-renouvelle-la-concession-dactis

General interest (Translated via Google):

In 2026, natural gas will outperform oil and become the main source of energy in the world (Study)
September 10, 2018


(Agence Ecofin) - Natural gas will account for a quarter of the world's energy by 2026 and will become the primary source of energy, ahead of oil and coal. This is essentially what emerges from the new study of the Norwegian shipping classification company DNV GL, named: 2018 Energy Transition Outlook.

This study comes exactly one year after another of the same type, led by the company, which predicted that natural gas would emerge as the world's largest source of energy in 2034.

According to the study's developments, global oil demand will peak in 2023 and natural gas demand will continue to increase until 2034. Anything that will only be possible with the upsurge of upstream investment. To this end, the document forecasts an increase in global gas expenditures up from $ 960 billion in 2015 to a peak of $ 1.13 trillion in 2025.

Among other highlights of this study, Northeastern Eurasia, the Middle East and North Africa will continue to account for most of conventional gas production by 2050, while North America will continue to dominate unconventional gas production. In offshore, the Middle East and North Africa will experience the highest annual rate of gas production, by at least 2050.

In addition, DNV GL expects global liquefaction capacity to double by the end of the 2040s. As for gas trade, that of sub-Saharan Africa to India and South-East Asia should increase very strongly.

https://www.agenceecofin.com/gaz-naturel/1009-59805-en-2026-le-gaz-naturel-surclassera-le-petrole-et-deviendra-la-principale-source-d-energie-du-monde-etude

General interest (Translated via Google):

Cameroon has increased energy supply by about 550 MW between 2011 and 2018
19 September 2018



(Invest in Cameroon) - As part of its seven-year review, the Ministry of Water and Energy (Minee) reports that Cameroon has increased energy supply by about 550 MW, between 2011 and 2018. The installed capacity increased from 900 MW to 1442 MW.

This increase of the installed capacity, explains the Minee, was made with the construction of the energetic works. These are: the thermal emergency program consisting of the thermal power plants of Ahala (60 MW), Mbalmayo (10 MW), Ebolowa (10 MW) and Bamenda (20 MW); the Kribi gas thermal power plant (216 MW); the Lom Pangar hydroelectric dam with its 6 billion cubic meters reservoir of water; the Memve'ele hydroelectric facility (211 MW) and the Mekin hydroelectric facility (15 MW).

The end of the seven-year period has also helped increase the population's access to electricity by connecting more than 400,000 additional subscribers. The number of subscribers increased from 800,000 at the beginning of the seven-year period to 1,200,000 at the end of the seven-year period, an increase of 50%. In addition, the population experienced only one increase in the electricity rate in 2012.

https://www.investiraucameroun.com/electricite/1909-11397-le-cameroun-a-augmente-loffre-energetique-d-environ-550-mw-entre-2011-et-2018

28 September 2018
Victoria Oil & Gas Plc


INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2018


Victoria Oil & Gas Plc, the integrated natural gas producing utility, today announces its unaudited interim results for the six months ended 30 June 2018.



Operational Highlights

· Average daily Logbaba field gross production rate fell to 3.40mmscf/d (six months to 30 June 2017: 14.6mmscf/d). 650mmscf of gross gas sold from Logbaba (six months to 30 June 2017: 2,345mmscf), reflecting the non-renewal of the grid power gas sales agreement

· Gaz du Cameroun S.A. ("GDC") added three new thermal and industrial power generation customers to the pipeline network in the six months to 30 June 2018

· CNG agreement to partner with Naturelgaz Sanayi ve Ticaret A.S. announced on 26 June 2018 provides GDC with opportunities to reach customers beyond the current pipeline infrastructure

· GDC remains confident that a resolution with ENEO Cameroon SA ("ENEO") with regards to the grid power supply issue will be agreed in the near term



Logbaba Subsurface Highlights

· Subsurface reinterpretation complete and new subsurface model developed integrating re-processed seismic and new well data with historic field mapping

· Proved reserves (1P) defined by connected volumes to all the wells drilled into Logbaba increased 73% to 69bcf (internal estimates)

· Field remaining 2P reserves revised to 309bcf, an increase of 106bcf (52%) (internal estimates)

· Reserves / production ratio (2P) increased to 10yrs at 90mmscfd which supports growth in the Douala market and is expected to underpin new long-term gas contracts


Financial Highlights

· $5.0 million Revenue (six months to 30 June 2017: $15.4 million)

· $0.03 million EBITDA (six months to 30 June 2017: $4.4 million)

· $18.6 million Net Debt position (at 31 December 2017: $13.1 million)

· BGFI Bank debt successfully restructured with 12 months interest only payments

***More via link below***

http://www.moneyam.com/action/news/showArticle?id=6147245

General interest:


The future of Africa’s energy sector is big and bright, says Pan African businessman

ENERGY / 2 OCTOBER 2018, 6:00PM / MEL FRYKBERG

https://www.iol.co.za/business-report/energy/feature-the-future-of-africas-energy-sector-is-big-and-bright-says-pan-african-businessman-17315849

General interest:


Energy Finance in Sub-Saharan Africa

http://www.eib.org/attachments/country/energy_finance_in_sub_saharan_africa_en.pdf

22 October 2018
Victoria Oil & Gas Plc


Q3 2018 Operations Update and Non-Grid Business Developments


Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, provides an update on the Group's operations for the three months ended 30 September 2018 ("Q3 18" or "the Quarter").

Highlights:



· Gross gas sales increased by 11% on Q2 to 356mmscf

· Average gas production increased by 12% on Q2 to 3.72mmscf/d

· 4 additional thermal customers consumed gas during Q3 2018 and an additional customer was connected for industrial power just after quarter end

· GDC signed GSA's with 4 new customers for Industrial Power during the quarter

· W/E 19 October 2018 average gross gas sales of 4.6mmscf/d

· Focus on non-grid customer build out via three new business units



The Board is pleased to provide more details of its "Non-Grid" business which is focused on increasing gas sales and revenue via increased thermal sales, the roll out of its Industrial Power Unit and establishment and growth of the compressed natural gas (CNG) Unit with partners Naturelgaz of Turkey. The Company is also pleased to introduce its "Energy Well" concept which aims to provide power to people in Cameroon that have no access to grid power.


Logbaba - Quarterly Production Update

The Q3 18 gross and net gas and condensate sales for Logbaba and Gaz du Cameroun S a, ("GDC"), are as follows.

Amounts in bold are gas and condensate sales attributable to GDC (57%):

***See link at BOP***

Grid Power Update

The Government of Cameroon, ENEO Cameroon SA ("ENEO"), Altaaqa Global ("Altaaqa"), the genset providers to ENEO which consume GDC's gas, and GDC continue negotiations to end the suspension of sales to the ENEO owned Logbaba and Bassa power stations in Douala.

GDC remains confident that a solution with ENEO will be found, but a resolution has been further delayed because of the recent Presidential elections in Cameroon.

The shortfalls in power supply in Cameroon continue, with hydroelectric schemes not meeting the current demand. VOG will make further announcements when appropriate.


Consumption Increased


During the quarter, GDC increased consumption through the commissioning of two new thermal customers, in addition to the resumption of two former thermal customers who had not consumed since August 2017. The Company also connected an existing thermal customer for industrial power during the quarter and post quarter end has commissioned their generator. Peak consumption during the quarter was 4.98mmscf/d and average gas sales through week ending 19 October 2018 were 4.6mmscf/d with and peak of 5.6mmscf/d.

Overall, gross gas sales have increased 11% since Q2 to 356mmscf or an average of 3.72mmscf/d for the quarter and are expected by the Board to grow to 5 mmscf/d by year end.

Non-Grid Business Development


The Board has carefully assessed the future Cameroon business model and it is clear that whilst gas supply for grid power, to ENEO and to others, will always be a key strategy of the Group, the Board believes that it is important to diversify the customer base to reduce dependence on any single customer.

Rebalancing of Group customer consumption with an emphasis on non-grid has been a major driver. As a result of the considerable reserves upgrade announced in June 2018, the Company can seek long term sales contracts, both grid and non-grid. Accordingly, key focuses of management have been to:

· Increase thermal consumption by actively marketing the benefits of natural gas over liquid fuels

· Accelerate the Groups gas to power programme for Industrial Power (formerly called retail) customers

· Leverage VOG's relationship with Naturelgaz, aimed at bringing first CNG customers online in 2019; and

· Examine potential rural energy needs using CNG as a key fuel that allows integrated and distributed power solutions for communities with no grid power access. The Group's "Energy Well" solution is set out in more detail below.


Industrial Power Unit

With recurrent power shortages in Douala, over 30 existing and new customers have expressed interest in an industrial power solution; the GDC Industrial Power Unit. As most of these proposed power customers are already connected to GDC's gas pipeline, adding a gas fired generator would increase gas consumption with minimal downstream costs for GDC.

GDC are aggressively targeting industries within Douala to supply consistent, reliable and clean energy solutions in a turnkey package, with an all-inclusive capital and gas price. Previously, customers found it difficult to switch to their own power generation because of the capital cost required.

Working with international and local banks, GDC has developed a bespoke solution to finance the gas fired generators and have them installed at client premises with limited upfront cost to the customer. In return for a 10-year commitment, and minimum guaranteed volumes customers will pay an all-inclusive gas price which captures:

· Financing of the generators

· Installation and commissioning costs

· The gas consumed, and

· Operation and maintenance costs of the generator


This will ensure 24/7 availability for the generator and provide power utilisation times that match customer requirements and removes grid reliance. The customer will receive a single integrated monthly gas invoice.

Industrial Power is expected to yield substantial revenues over the next 10 years for GDC. GDC has completed negotiations with and issued GSA's to 11 customers and signed GSA's with 4 customers. We expect a further 7 customers to sign in the near term. GDC is working with Altaaqa and other equipment suppliers to fast track 6 generators for customers who wish to have power online this year and the Board believes that these customers will initially consume over 1mmscf/d of gas at a price of $13 per MMBtu.

As customer roll out continues, the target is to have over 18 gas to power customers online by end of 2019, consuming over 4.5mmscf/d of gas with no seasonality, in addition to the thermal demand.

CNG Development

On 26 June 2018 the Company announced an agreement to partner with Naturelgaz Sanayi ve Ticaret A.S.("Naturelgaz") on CNG projects. Naturelgaz is Europe's largest CNG supplier and distributor and brings valuable expertise within this field to support GDC. The project will allow GDC to reach to reach larger customers beyond the pipeline infrastructure and aims to replace diesel and heavy fuel oils in a variety of applications. In 2017, Naturelgaz produced and sold over 5.2bcf of CNG in Turkey.

GDC and Naturelgaz have completed positive feasibility and marketing studies on the CNG project in Cameroon. CNG, which is a cleaner fuel at a competitive price competes with liquid fuels such as fuel oil, LPG or diesel. Marketing studies by GDC/Naturelgaz have concluded that five types of customers would use CNG in Cameroon; thermal, off-grid power generation, commercial trucking, public transportation, and domestic transportation. The studies indicate the near-term potential of the CNG market, within a 60 km radius of the Logbaba facilities, is 2mmscf/d thermal and 2mmscf/d industrial power. The pricing of CNG will be benchmarked against competing liquid fuels. To date, 20 customers have expressed interest in CNG within a 60 km radius of Douala.

The partnership will provide CNG infrastructure for customers in and around Douala, with the intention of rolling the concept out further in the longer term. GDC will supply natural gas, land space and support services to the CNG production facilities, whilst Naturelgaz will design, build and operate the CNG production, distribution and offloading facilities. Negotiations on the commercial structure of this initiative are ongoing and expected to be concluded during Q4 2018.

A new business concept: The Energy Well

The term Energy Well is derived from the timeless tradition of villagers drawing from local water wells. VOG has taken this tradition and adapted it for the purposes of energy supply.

Seventy four percent of the Cameroon population has access to the National Grid and 86% of the population lives within 15km of the power network. However, household electrification stands at only 23%. There are approximately 8 million rural Cameroonians who have no access to grid electricity. This situation is replicated in many African nations where less than 10% of the rural population has access to reliable grid electricity.

The average rural household in Cameroon requires about 1kWh of energy per day.

VOG believes CNG is the bridge between renewable energy and traditional hydrocarbons and that its Energy Well system can provide a seamless, clean and reliable energy solution to regions that are currently poorly served.

CNG produced by GDC would be trucked to cell towers, or other locations where electricity is generated, to power the cell tower and create energy to store in large onsite batteries or for distribution to local mini or micro grids. Villagers can collect or have delivered smaller rechargeable batteries to use them in their homes as standalone energy banks or to augment solar or wind power if available, to meet their domestic power consumption needs. Consumers would pay upon receipt for battery rental or CNG bottles via mobile phone Apps.

Underpinning the Energy Well concept is VOG's ability to monitor, manage and immediately monetise energy, be it in the form of compressed natural gas in transit or the electricity stored in batteries throughout the supply chain. GDC has teamed up with leading edge US company Blocksyte Inc on development of the Blockchain elements of Energy Wells. The Company is working with Blocksyte, Altaaqa and others to start limited field tests this year on the key components of the business.


Upstream Resource Development

VOG is working on several activities to enhance the asset value of the Company. In Cameroon these are focused on securing the resources necessary to grow production and gas sales in the medium to long term.

Logbaba

The Logbaba exploitation license covers 20 km2 from the original 64 km2 exploration license. Negotiations have commenced to secure the remaining 44 km2 of the license of the Logbaba area.

Matanda


The PSC amendments necessary to complete the assignment of the Matanda PSC to VOG have been agreed with National Hydrocarbons Corporation, Cameroon (SNH). We have been informed that application has been made for the Presidential Decree and should be issued shortly.

West Medvezhye

Discussions are continuing with several interested parties in respect of the developing the West Medvezhye oil discovery in Russia. The Company's preferred option remains an outright sale.

https://www.moneyam.com/action/news/showArticle?id=6175371

Victoria Oil & Gas advancing its non-grid solutions as gas sales rise-Video

https://www.youtube.com/watch?v=ezzk8zOHhCM