this will go soon. 2p was 46p now with good news

Oi Lambert ... which fecking Christmas ????

i cant belive my cost was 305 and bought some more to reduce to 180 and still its going down despite having income coming in , if you know why this happening dec 31st is due to annuale report and same day icc court hearimg?????????? hope it go up rather than going down

12 December 2013



Victoria Oil & Gas Plc

('VOG' or 'the Company')



ICC International Court of Arbitration Award



RSM Production Corporation (U.S.A.) ("RSM") vs VOG and Rodeo Development Ltd ("RDL")



The Company announces that the Secretariat of the International Chamber of Commerce ("ICC") has informed VOG, late last night, that it has reached a decision in this matter (the "Award").



However, until that review is complete, the Company will not be in a position to issue an RNS (the "Award RNS") clarifying the position. Accordingly, the Company has agreed that the Company's stock will be suspended from trading on AIM until the Award RNS is released.

The Company announces that the Award in the ICC Arbitration proceedings brought by RSM has now been handed down to the parties. Whilst numerous RSM claims were either withdrawn or rejected, the Tribunal has determined that the cure period for RSM's "unequivocal default" should have been 30 days and not the 15 days contended for by the Company. Consequently the automatic contractual forfeiture of RSM's interest in the Concession has not been upheld.

Commenting on the Arbitration Kevin Foo, Chairman, of Victoria Oil and Gas; "We had a dispute with RSM and it is now resolved. The Company now has a contributing partner responsible for 40% share of all costs going forward and who is obliged to pay an outstanding cash call of approximately $4 million. Additional cash calls of approximately $20m are also due to be issued imminently. Under Agreements with RSM, RDL expects to recoup the majority of its $65m capital expenditure on wells 105 and 106 before any profit distribution is due to RSM. Furthermore, VOG's subsidiary RDL is entitled to apply for an additional 44 sq. km area exploration area that borders our existing 20sq km Exploitation License on three sides."

http://www.moneyam.com/action/news/showArticle?id=4724313

VICTORIA OIL & GAS PLC
The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 13/12/2013 8:45am, an announcement having been made.

http://www.youtube.com/watch?v=q_4Hq-46hPw&feature=youtube_gdata_player