Victoria Oil and Gas (VOG) returned test results "ahead of expectations" at its Cameroonian asset after it had run completion equipment and skidded off the drilling rig from its La-108 well on Wednesday.
Fully integrated onshore gas producer Victoria Oil and Gas (VOG) has run liner and cemented its La-108 well in Cameroon with flow tests expected to follow by mid-December.
London-based gas utility company Victoria Oil and Gas successfully reached target depth of 2,865m measured depth (MD) at well LA-108 at its Logbaba project in Cameroon, encountering a net pay of 84.5m in the process.
Victoria Oil & Gas boasted on Thursday that its La-107 well in Cameroon was expected to become a "substantial producer" of gas after drilling reached target depth and the well as cased.
Cameroon's state hydrocarbon company decided to tap directly into Victoria Oil&Gas's Logbaba project, exercising its right to take a stake via a participation agreement.
Victoria Oil & Gas announced on Thursday that negotiations were continuing between its wholly-owned subsidiary, Gaz du Cameroun, Altaaqa Alternative Solutions Projects and ENEO Cameroun.
Cameroon energy utility Victoria Oil & Gas has reported significant momentum in the business after a productive first quarter of 2017, with improved gas sales and record sales achieved in March.
Shares in Victoria Oil & Gas are up more than 12% after it and Bowleven, whose stocks fell more than 5%, agreed a farm-out agreement relating to the Bomono production-sharing contract (PSC).
Cameroonian energy utility Victoria Oil & Gas reported that it had achieved record monthly production in January and that a new pipeline to Bonaberi came onstream during the final quarter of 2016.
Ahmet Dik was appointed chief executive of Victoria Oil and Gas (VOG) on Thursday. Dik, 43, was previously chief executive of the company's subsidiary Gaz du Cameroun (GDC).
Integrated natural gas producing utility Victoria Oil & Gas announced on Thursday it had received approval from the Government of Cameroon for a 75% participating interest in the Matanda Production Sharing Contract to be transferred to its subsidiary Gaz Du Cameroun Matanda (GDC), from Glencore Exploration Cameroon.
Victoria Oil & Gas made a strong start to its financial year, updating the market on its six months to 30 November 2015 on Monday.
The man at the top of Inland Homes cashed in on some of the company today, pocketing a cool £1m in the process.
Shares in Victoria Oil & Gas jumped almost 6% early on Monday, as the energy utility developer said its Cameroon-based subsidiary had begun gas distributions.
Victoria Oil & Gas has completed laying the gas pipeline to the boundaries of two ENEO power stations at Bassa and Logbaba ahead of schedule, the firm said on Monday.
Victoria Oil & Gas has agreed a deal to supply gas for two power stations in Cameroon run by energy company ENEO.
Victoria Oil & Gas pleased investors with the news it has successfully laid 678 metres of gas pipe under the Wouri River to the northern Bonaberi shore in Douala, Cameroon's major industrial city.
Victoria Oil & Gas (VOG) announced that Deloitte has finished its draft report on the costs of the Logbaba gas project in Cameroon.
Victoria Oil & Gas is in talks to expand its gas-fired electricity generation business in Cameroon.
African energy utility group Victoria Oil & Gas said that production at its Logbab Project in Cameroon was steady and it remained at operational break even through March.