Victoria Oil & Gas Share Price (VOG)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Victoria Oil & Gas	LSE:VOG	London	Ordinary Share	GB00BRWR3752	ORD 0.5P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	-0.525p	-1.92%	26.775p	699,975	16:35:19

Bid Price		Offer Price	High Price	Low Price	Open Price
26.55p		27.00p	27.55p	26.65p	27.00p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	17.38	-7.94	-6.56		38.8

Related Shares
Shell A (RDSA), BP (BP.), Spitfire Oil (SRO), Nighthawk Energy (HAWK)

Victoria Oil & Gas (VOG) Latest News

Victoria Oil & Gas News

Date	Time	Source	Headline
10/7/2018	17:20	UKREG	Victoria Oil & Gas PLC Notice of GM
05/7/2018	11:00	UKREG	Victoria Oil & Gas PLC Issue of Shares
28/6/2018	13:00	UKREG	Victoria Oil & Gas PLC Result of AGM
26/6/2018	12:40	ALNC	Victoria Oil & Gas Subsidiary Signs Compressed Natural Gas Agreement
26/6/2018	07:32	ALNCF	Alliance News Flash Headline
26/6/2018	07:00	UKREG	Victoria Oil & Gas PLC Agreement on Exclusive CNG partnership
22/6/2018	14:00	UKREG	Victoria Oil & Gas PLC Annual Report & Accounts to 31 December 2017
22/6/2018	11:49	ALNC	TAKING AIM: Victoria Oil & Gas Strongly Positioned For Future - Shore
22/6/2018	09:06	ALNC	Victoria Oil & Gas Loss Narrows Despite Below Expectations Performance
22/6/2018	07:00	UKREG	Victoria Oil & Gas PLC Preliminary Results for the year ended 31 Dec 2017

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Date	Time	Title	Posts
16/7/2018	17:08	Victoria Oil & Gas - The New Positive Thread (VOG)	43,095
16/7/2018	14:57	Victoria Oil And Gas moderated	4,163
14/7/2018	09:45	VOG the serious thread	27,005
27/6/2018	15:19	AGM	1
27/6/2018	13:03	AGM	-

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16/7/2018 09:20	Victoria Oil & Gas Daily Update: Victoria Oil & Gas is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker VOG. The last closing price for Victoria Oil & Gas was 27.30p. Victoria Oil & Gas has a 4 week average price of 26.65p and a 12 week average price of 26.65p. The 1 year high share price is 74.50p while the 1 year low share price is currently 26.65p. There are currently 145,059,728 shares in issue and the average daily traded volume is 240,091 shares. The market capitalisation of Victoria Oil & Gas is £39,166,126.56. Read Full Thread Reply
21/6/2018 08:26	markettimer: I had added banjomick to my filter list so had not seen his post but someone e-mailed it to me so I I thought I had provide evidence to prove my statement was correct. I used yahoo finance to download the daily share prices of VOG from the 21st June 2004 up to 20th June 2018 and then I sorted the share price from high to low and the data was as follows: Date Open High Low Close Adj Close Volume 15/02/2006 10300 10960 10172 10640 10640 80693 26/01/2016 25.790001 26.645 25.542 26 26 113752 It is clear to see above that the lowest high price VOG ever traded at was 26.645 and the highest high was 10,960p Banjomick as lesson of life to you, if you are going to post comments stating that what I have posted is not true and that I am scaremongering then at least do some research to prove that my statements are untrue before you do so. I incorrectly stated that the all time high was £104 pound and this was an understatement as it was actually £109.60. Banjomick I have attached a link as proof should you wish to try and counter what I have said. http://uk.finance.yahoo.com/quote/VOG.L/history?period1=1087772400&period2=1529535600&interval=1d&filter=history&frequency=1d I have been invested in VOG since 2006 and still have a very large holding so why would I post comments that are not true as the VOG Group is only being set up for the mutual benefit of all shareholders. mt Read Full Thread Follow Reply
21/6/2018 08:13	markettimer: I used yahoo finance to download the daily share prices of VOG from the 21st June 2004 up to 20th June 2018 and then I sorted the share price from high to low and the data was as follows: Date Open High Low Close Adj Close Volume 15/02/2006 10300 10960 10172 10640 10640 80693 26/01/2016 25.790001 26.645 25.542 26 26 113752 It is clear to see above that the lowest high price VOG ever traded at was 26.645 and the highest high was 10,960p Banjomick as lesson of life to you, if you are going to post comments stating that what I have posted is not true and that I am scaremongering then at least do some research to prove that my statements are untrue before you do so. I incorrectly stated that the all time high was £104 pound and this was an understatement as it was actually £109.60. Banjomick I have attached a link as proof should you wish to try and counter what I have said. http://uk.finance.yahoo.com/quote/VOG.L/history?period1=1087772400&period2=1529535600&interval=1d&filter=history&frequency=1d I have been invested in VOG since 2006 and still have a very large holding so why would I post comments that are not true as the VOG Group is only being set up for the mutual benefit of all shareholders. mt Read Full Thread Follow Reply
15/2/2018 19:34	highasakite: If u think the VOG share price has been manipulated down this week I suggest you contact the FCA urgently. They would laugh at your letter/ email. Read Full Thread Follow Reply
13/2/2018 16:45	highasakite: "Don't forget without the dry season gas sales ie Jan to June (when VOG makes its profit from ENEO) VOG will be struggling to generate cash. IMV if the contracts aren't renewed in the next 3 months VOG will be bust, with no way of repaying the bank loan...administration beckons." I must reply to this nonsense Sleveen. If GDC don't supply gas to ENEO for 3 months (Jan,Feb,March) this will mean a loss of income of roughly $3 million to VOG. In the year to Dec 2016 VOG had operating positive cash flow of $12.4 million and a slightly higher amount in year to Dec 2017. VOG raised over $26 million a few months ago which more than wipes out the total debt of the plc. As far as as administration goes dream on Sleveen. VOG can survive without ENEO if they have to. However I expect ENEO to come back on board sooner rather than later and more power contracts to be signed. If no power deals ever then VOG can shut down capex totally and survive by moving into other projects like CNG etc. The only people who get worried by the hourly share price movement are the non holders !!!!!!!!!!!! Read Full Thread Follow Reply
07/12/2017 16:17	highasakite: Bowleven failed in Cameroon as VOG got in their first with supplying industry with gas. The VOG share price of £104 if you are right is irrelevant unless you bought at that price. I am still waiting for this video to be posted where Foo/Dik said only 1/2 institutions bought in the recent placing. What happened to it Prowler ? You probably can't find it as it simply doesn't exist. Read Full Thread Follow Reply
17/11/2017 16:17	larry laffer: looks like any order for sub 56 could get filled shortly VOG share price usually dips in the few days before any news. Which creates a buying opportunity for most of us. Altogether now - "Its a sets Stock....... However with the positive news to come anyone risking going short or selling and buying back could get seriously traumatised over the coming months. Read Full Thread Follow Reply
19/8/2017 18:40	highasashite: Endless DILUTION RNS 17/02/2010 "It is also important to stress that our plan is to fund this leg of Logbaba's development with debt or trade financing and not to tax further our shareholders. We have already had interest from a number of local and international banks in this regard and will be able to crystallise these as solid data from the wells becomes available." Then this......................................... Dilution RNS 01/03/2010 Placing of 430,769,231 new shares Dilution RNS 01/09/2010 Placing of 368,000,000 new shares Dilution RNS 16/11/2010 Placing of 183,708,612 new shares Dilution RNS 27/09/2011 Placing of 292,307,687 new shares Dilution RNS 01/06/2012 Placing of 105,000,000 new shares Dilution RNS 06/11/2012 Placing of 154,673,512 new Ordinary Shares 6,256,608 Ordinary Shares in lieu of a cash payment due to its technical advisors, for work completed during the last six months, at a price of 2.27 pence per Ordinary Share; ii) 63,500,000 Ordinary Shares to the Trustee of the VOG Employee Share Ownership Plan, in accordance with the terms of this scheme; and Number of new Ordinary Shares allotted Kevin Foo 728,904 Robert Palmer 177,180 Plus £2,000,000 drawdown of £10,000,000 SEDA RNS 21/12/2012 - Placing - The Company has allotted 21,832,533 Ordinary Shares in lieu of a cash payment due to a major Cameroon supplier, for work completed during the year, at a price of 2.25 pence per Ordinary Share. Dilution RNS - 6 February 2013 placing of 1,465,329,020 new ordinary shares ("Placing Shares") at a price of 1.6 pence per share Dilution RNS - 20 December2016 Victoria Oil & Gas announces that yesterday Mr Ahmet Dik elected to receive part of his compensation as Chief Executive by subscribing for 697,836 new ordinary shares of 0.5p in the Company ("Ordinary Shares"). The new Ordinary Shares have been issued at 28.66p per share Dilution RNS Issue of Shares in Lieu of Bonus Thu, 8th Jun 2017 07:00 RNS Number : 4751H Victoria Oil & Gas PLC 08 June 2017 Victoria Oil & Gas PLC (AIM: VOG) 8 June 2017 Victoria Oil & Gas Plc ("VOG" or "the Company") Issue of Shares in Lieu of Bonus Victoria Oil & Gas Plc announces that bonus awards have been made to certain employees of and consultants to Gaz du Cameroun S.A., the Company's wholly-owned subsidiary, for the year ended 31 December 2016 and that they have elected to receive this by subscribing for new ordinary shares of 0.5p in the Company ("Ordinary Shares") at 41.5 pence per share, being the volume weighted average share price for the period 1 January 2016 to 28 April 2017. Accordingly, in aggregate, 378,664 new Ordinary Shares have been issued and application has been made to the London Stock Exchange for the admission of the new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to become effective and dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 13 June 2017. Following Admission, the Company will have 110,571,762 Ordinary Shares in issue. Read Full Thread Follow Reply
07/8/2017 13:05	lowflow: I am aware that SNH is going to take 5% in in the Logbaba project. However, I very much doubt that this will solve VOG balance sheet/financing issues, due to the following reasons: 1. Cameroon government bureaucracy is among the slowest in the world, which anyone who has followed VOG has seen. It took VOG ages to get the exploitation license for the Logbaba project, and as we all know the authorities have not yet approved VOG farm-in to the Bowleven assets. This is just two examples of how slow the Cameroon government / SNH is. My best guess is that it will take at least 9 months probably much longer before SNH audit of VOG past cost is completed. VOG needs to fix the balance sheet over the coming months no at some point next year. On top of this, there is a significant risk that there will be a disagreement between VOG and SNH what the past cost has been. I doubt that SNH wants to pay for VOG excessive SG&A cost and they may even say that they dont want to pay for VOG cost overrun on the drilling operations. 2. VOG is selling 3% of the project to SNH, going down from 60% to 57% interest. The value of this 3 % will be VOG expenditure net of revenues they had so far. If you take a few minutes and have a look in VOG old annual reports and add together capex related to Logbaba net of the revenue they have generated you will see that 3% of this amount is nothing in comparison to the net debt they are building up. My view is unchanged, I think VOG will be coming to the equity market to fix the balance sheet. I can see how it will be sold, Kevin will say "This is the last capital increase before we can start to capitalize on the increased production capacity and potential larger gas to power contracts" and it might be attractive to participate but new money investor won't pay more than 40p for the new share or more likely around 35p per share. As a comparison, have a look at Pantheon Resources the past 9 months, the mgmt said we dont need to raise equity (they don't even have debt), we are just going to do some non-deal road shows. But slowly is the market picking up to the fact that they need equity and this results in that the share price gets pushed down lower and lower. And at the end of the day they raised new cash, and so will VOG do as well. Capital increase at 35p here we come. Read Full Thread Follow Reply
27/6/2017 15:34	highasakite: House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year."House broker Shore Capital...has retained a ...170p share price target set last year." Read Full Thread Follow Reply
06/3/2017 07:25	blakieboy7: Victoria Oil & Gas PLC Bomono farm-out agreed between BLVN and VOGIntraday Victoria Oil & Gas ChartIntraday Victoria Oil & Gas Chart06/03/2017 7:00amUK Regulatory (RNS & others)TIDMVOGRNS Number : 5450YVictoria Oil & Gas PLC06 March 20176 March 2017Bowleven plc ('Bowleven') and Victoria Oil & Gas plc ('VOG')Bomono farm-out transaction agreed between Bowleven and Victoria Oil & GasBowleven plc, the Africa focused oil and gas exploration group and Victoria Oil & Gas Plc, an integrated energy company with operations in Cameroon, both trading on AIM, are pleased to announce that they have signed a farm-out agreement ("the Agreement") relating to the Bomono production sharing contract ("Bomono PSC").Gas produced from the Bomono PSC will be fed into the customer distribution network owned and operated by Gaz du Cameroun S.A. ("GDC"), a wholly owned subsidiary of VOG.First gas supply to the GDC network is anticipated to start following granting of a Provisional Exploitation Authorisation ("PEA") and other approvals.Strategic rationale:This Agreement, which has been negotiated by the parties over several months, aligns Bowleven's intention of realising near term value from Bomono through commercial production of its Bomono gas deposit with VOG's business of commercialising local onshore gas deposits using its established gas infrastructure and customer network.The transaction provides the ability to minimise the timescale to first production and optimises the proven advantages of Bowleven's upstream expertise and VOG's established gas supply business that feeds a diverse range of industries and the local power grid.The initial plan is that gas currently suspended at Moambe be brought onstream and that further drilling be considered to supply the growing domestic market in and around the Douala area.Farm Out Highlights-- On completion, EurOil Limited ("EurOil"), a Bowleven subsidiary, will have a 20% working interest in the Bomono PSC and GDC Bomono S.A. ("GDC Bomono"), a wholly owned VOG subsidiary, will have an 80% working interest. -- Bowleven will remain as operator of the project.-- Gas from Bomono PSC will be sold to GDC less a tolling fee. The gas price paid will be a weighted average received by GDC for its total domestic sales less a tolling fee for use of the pipeline network.-- The pipeline connection from the Bomono PSC to the main network will be managed and funded by GDC. GDC Bomono will complete the civil engineering works necessary for the gas processing plant installation at the Bomono site. The estimated capital cost for these works is US$6 million.-- Bowleven has agreed to pay GDC Bomono 50% of any deficit, limited to a maximum payment of US$2 million, if the first 3 years of net income received by GDC Bomono is less than the development expenditure incurred.-- EurOil will receive a 3.5% royalty from GDC Bomono's production share of hydrocarbons, with an aggregate cap limiting the total royalty payments to US$20 million.-- Bowleven will, on completion, also receive GBP100,000 worth of new ordinary shares in VOG based on the volume weighted average share price 10 days preceding the date of the Agreement, being 69.23 pence per share. It is the intention of Bowleven to retain these shares initially, but keep that decision under regular review as there are no restrictions on their disposal.Asset Details:The farm-out transaction relates to the Bomono PSC, onshore Cameroon. EurOil is operator of the Bomono PSC.Bowleven completed extended well flow tests on the Moambe well that exceeded 7mmscf/d. The Moambe and Zingana exploration wells drilled at Bomono were then suspended as future producers.As previously announced by Bowleven, the detailed prospect inventory prepared indicates there is 146bcf and 263bcf of mean un-risked GIIP in the Tertiary and deeper Cretaceous reservoir intervals respectively.Additional Transaction Details: -- The economic effective date of the transaction is 1 January 2017.-- The above interests are expressed prior to the exercise of any back-in rights by the Cameroon State. Under the terms of the Bomono PSC, the Cameroon State has the right to take a 10% participating interest in development activity undertaken under an exploitation authorisation. -- Completion is subject to, amongst other things:Ø The grant of a PEA over the Bomono PSC. The PEA application was submitted by Bowleven to the Cameroon authorities as requested following Ministerial approval for the award of a two-year extension to the Bomono PSC (to 12 December 2018);Ø The approval by the Cameroon Government of the assignment of the equity interest from EurOil to GDC Bomono; andØ Should these conditions precedent not be satisfied by 30 June 2017, both Bowleven and VOG have the right to terminate the Agreement.-- In the event that any of the resolutions requisitioned by Crown Ocean Capital P1 Limited at the forthcoming Bowleven General Meeting on 14 March 2017 are passed, VOG has the right to terminate the Agreement.Kevin Hart, Chief Executive Officer of Bowleven plc, commented:"We are delighted to be working together with VOG to unlock the potential of Bomono by accelerating the monetisation of the existing resources, whilst gaining access to VOG's extensive infrastructure and gas marketing experience. This deal offers shareholders the opportunity to access VOG's robust commodity pricing framework, which offers attractive returns relative to a gas to power option, and requires minimal further investment by Bowleven to reach first production. Retaining a 20% interest allows Bowleven to participate in the further upside potential identified on the acreage with a clear evacuation route to the attractive growing local gas market.We are pleased to have reached this mile-stone for Bomono and look forward to working together with both VOG and the Cameroon authorities to realise the maximum potential this asset has to offer."Ahmet Dik, Chief Executive Officer of Victoria Oil & Gas plc, commented:"This is a mutually beneficial deal, which provides additional gas sources to our pipeline and considerable exploration upside, some 146 bcf and 263 bcf of un-risked GIIP. It also delivers an additional 2,327km(2) of onshore license area and early production potential from the Moambe well that will help meet the expanding gas market in Douala. Our gas infrastructure pipeline is only 9.5km from Moambe well and on the Bonaberi side of Douala where we see considerable industrial growth potential. VOG's commitment to building and expanding further Cameroon gas infrastructure is being cemented and we are grateful for the support from SNH and the Government with our continued contribution to the growth of the Cameroon economy".BOWLEVEN ENQUIRIESFor further information, please visit www.bowleven.com or contact:Bowleven plcKevin Hart, Chief Executive 00 44 131 524 5678Kerry Crawford, Finance DirectorBrunswick Group LLPPatrick Handley 00 44 207 404 5959Will RowberryCenkos Securities plc (NOMAD)Derrick Lee 00 44 131 220 6939Neil McDonaldVICTORIA OIL & GAS ENQUIRIESFor further information, please visit www.victoriaoilandgas.com or contact:Victoria Oil & Gas PlcKevin Foo / Laurence Read Tel: +44 (0) 20 7921 8820Strand Hanson Limited (Nominated & Financial Adviser)Rory Murphy / Stuart Faulkner / James Dance Tel: +44 (0) 20 7409 3494Shore Capital Stockbrokers Limited (Joint Broker)Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 207 408 4090Jerry Keen (corporate broking)FirstEnergy Capital LLP (Joint Broker)Jonathan Wright / David van Erp Tel: +44 (0) 207 448 0200Background on BomonoThe Bomono contract area at 2,327km(2) covers a significant portion of the onshore extent of the Douala Basin, and lies immediately to the north-east of the estuarine Matanda exploration license. In the south-east, the permit captures three sides of the Logbaba exploitation area. The contract area includes most of Cameroon's energy hungry economic capital, and primary seaport; Douala.The relevant geographical area is shown via the link below:http://www.rns-pdf.londonstockexchange.com/rns/5450Y_-2017-3-5.pdfExploration in the area dates to the 1950s with an extensive shallow drilling campaign successfully exploring the southern boundary of the permit discovering gas in wells drilled by Elf. In recent times, EurOil has undertaken a comprehensive evaluation of the prospectivity of the area, including geochemical, airborne geophysical and 2D seismic programmes, culminating in the drilling of two successful exploration wells in 2015.EurOil focused exploration efforts on the shallow Paleogene NW-SE trending structures found in the southern half of the block. Two low risk, shallow prospects with stacked reservoir units were targeted, with the Moambe-1 and Zingana-1 wells both successfully tested and subsequently completed as future gas producers in early 2016. The shallow reservoir of the Moambe-1 well flowed on extended test at over 7mmscf/d. The drilling campaign significantly de-risked the remaining unexplored structures in the block, with a post drilling, block-wide Tertiary prospect inventory of un-risked in-place mean gas volumes of 146bcf, including the Zingana and Moambe discoveries.The Tertiary prospects are situated between 10 to 30 km from Douala and are within proximity and immediately accessible to Gaz du Cameroun S.A.'s gas distribution network. Additionally, revised mapping highlighted deeper significantly larger Cretaceous prospectivity totalling more than 263bcf, targeting potentially the same reservoirs as the producing Logbaba field.NOTES TO EDITORS:About Bowleven plcBowleven (BLVN.L) is an African focused oil and gas exploration group, based in Edinburgh and traded on AIM. Bowleven's vision is to build an African focused exploration and production company focused on creating and realising material value through exploration-led organic growth and niche acquisitions. Bowleven holds equity interests in three blocks in Cameroon, with one block located offshore in shallow water (operated by New Age) and two onshore (operated by Bowleven).The technical information in this release has been reviewed by David Clarkson, a qualified person for the purposes for the AIM Guidance Note for Mining, Oil and Gas Companies. David Clarkson, Chief Operating Officer of Bowleven plc, is a Chartered Engineer and Fellow of the Institution of Mechanical Engineers with extensive oil and gas industry experience.The most recent published financial statements of the Bowleven Group are contained within the 2016 Annual Report and accounts for the year ended 30 June 2016 which were announced on the 8 November 2016. The carrying value of the Bomono PSC contained within the balance sheet and classified as "intangible exploration assets" as at that date was US$42 million.About Victoria Oil & Gas plcVictoria 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 owns a 75% participating interest in the Matanda block, which neighbours the Logbaba block. The remaining 25% participating interest is held by AFEX.GDC is currently the only supplier of natural gas to Douala and it owns and manages the whole supply chain from wellhead to customer connection. Customers are supplied with gas through a 50km pipeline network built by GDC in Douala. GDC has in place long-term gas supply contracts with customers using gas for a range of different applications, with prices ranging from $9/mmbtu to $16/mmbtu.VOG also holds 100% of the West Medvezhye oil and gas exploration project near Nadym, Russia. The Group is actively seeking partners to develop this field.NOTES TO THE ANNOUNCEMENT:This announcement contains inside informationThis information is provided by RNSThe company news service from the London Stock ExchangeENDAGRUVUORBKAORAR(END) Dow Jones NewswiresMarch 06, 2017 02:00 ET (07:00 GMT) Read Full Thread Follow Reply

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