Victoria Oil & Gas PLC AIM Rule 17 Disclosure Schedule Two (g) Update (3434Q)

TIDMVOG

RNS Number : 3434Q

Victoria Oil & Gas PLC

05 June 2018

5 June 2018

Victoria Oil & Gas Plc

("VOG" or "the Company")

AIM Rule 17 Disclosure Schedule Two (g) Update

Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, announces a change of information in relation to Mr John Bryant, a Non-Executive Director of VOG, pursuant to AIM Rule 17 and Schedule 2(g) to the AIM Rules for Companies.

Mr Bryant is the Non-Executive Chairman of Weatherly International plc ("Weatherly"), which entered into administration on 1 June 2018.

The background to this is that the position at Weatherly's Tschudi mine has become fundamentally uncertain, as a result of significant water ingress. As a result of this material uncertainty, Orion Mine Finance (Master) Fund I LP ("Orion") confirmed to Weatherly, in writing, that they were unlikely to permit further drawdowns under its existing uncommitted loan facility with Orion.

For further information please visit Weatherly's website at www.weatherlyplc.com.

Enquiries:

Victoria Oil & Gas Plc

Kevin Foo / Ahmet Dik Tel: [phone]

Strand Hanson Limited (Nominated and Financial Adviser)

Rory Murphy / Angela Hallett / Ritchie Balmer Tel: [phone]

Shore Capital Stockbrokers Limited (Joint Broker)

Mark Percy / Toby Gibbs (corporate finance) Tel: [phone]

Jerry Keen (corporate broking)

FirstEnergy Capital LLP (Joint Broker)

Jonathan Wright / David van Erp Tel: [phone]

Camarco (Financial PR)

Billy Clegg Tel: [phone]

Nick Hennis Tel: [phone]

NOTES TO EDITORS:

Victoria Oil & Gas Plc ("VOG" or "the Company") is a fully-integrated onshore gas producer and distributor with operations located in the port city of Douala, Cameroon. Through the Company's wholly-owned subsidiary, Gaz du Cameroun S.A. ("GDC"), VOG delivers gas via a 50km gas distribution pipeline network to a range of major industrial customers.

Since spudding its first wells in 2010, the Company has grown to become the dominant player in the Cameroon onshore gas market, primarily through the 57% owned Logbaba gas project. GDC is partnered on this project with RSM Production Company ("RSM"), and Société Nationale des Hydrocarbures ("SNH"), who have holdings of 38% and 5% respectively.

Subject to government approval VOG will extend it acreage over the highly prospective Douala Basin with the addition of the Matanda license area.

Victoria Oil & Gas is listed on the AIM market of the London Stock Exchange under the ticker VOG.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 05, 2018 06:00 ET (10:00 GMT)