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Victoria Oil&Gas PLC Ord 0.5P (VOG)

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27-Jul-2020 09:46 AM

Victoria Oil & Gas boosts quarterly revenue; lines up replacement customers

Oil company Victoria Oil & Gas boosted its revenue in the second quarter after it produced more condensate, a light form of oil. Revenue for the three months through June increased to $6.8m, up from $5.3m in the first quarter. Gas production net to the
17-Apr-2020 08:50 AM

Victoria Oil & Gas output mixed in first quarter

Cameroon-focused Victoria Oil & Gas said it sold more natural gas during the first quarter, though condensate sales fell. Gas sales for the three months through March rose to 265m standard cubic feet, up from 245m on-year. Sales of condensate, a light o
08-Jul-2019 07:59 AM

Victoria Oil & Gas director steps down

Victoria Oil and Gas has announced that John Bryant has resigned as an independent non-executive director of the company with immediate effect. Roger Kennedy, chairman of VOG, said, 'We thank John for his service and contribution to the company over
24-May-2019 07:42 AM

Victoria Oil & Gas stays in the red after loss of key customer in Cameroon

Victoria Oil & Gas booked a full-year loss after a key gas customer in Cameroon did not renew a supply agreement, reserves fell and drilling costs rose. Pre-tax losses for the year through December amounted to $8.3m, compared to losses of $10.7m on-year.
28-Sep-2018 01:57 PM

Victoria Gas posts loss as revenue slumps

Victoria Oil & Gas posted a first-half loss after the non-renewal of a gas sales agreement in Cameroon caused revenue to slump. Pre-tax losses for the six months through June amounted to $3.8m, narrowing from a loss of $4.6m on-year. Revenue sunk by ar
22-Jun-2018 07:41 AM

Victoria Oil & Gas books annual loss below its expectations

Victoria Oil & Gas said it posted another annual loss that failed to meet its expectations after it encountered contracting problems in Cameroon. Pre-tax losses narrowed to $10.7m, compared to $30m of red ink in 2016. Revenue slumped to $23.5m, down fro
21-Dec-2017 08:24 AM

Victoria gas sales boosted by new customers

Victoria Oil & Gas, a Cameroon based gas producer and distributor, has seen five Gaz Du Cameroun (GDC) customers start consumption of gas in the last few months. Maya Oil and SAE are new customer connections for GDC, with both operations taking gas for t
13-Nov-2017 01:03 PM

Victoria Oil & Gas shareholders approve placing

Victoria Oil & Gas has confirmed that all resolutions, in respect of the proposed placing, were passed by shareholders at today's General Meeting. At 1:03pm: (LON:VOG) Victoria Oil Gas PLC share price was -1.5p at 57.5p Story provided by Stoc
28-Sep-2017 08:28 AM

Victoria extends Bomono farm-out agreement

Victoria Oil & Gas Plc, a Cameroon energy utility, has elected to exercise its option to extend the termination date of its farm-out agreement relating to the Bomono production sharing contract to 31 December 2017. On 6 March 2017 Victoria announced that
17-Aug-2017 09:29 AM

Victoria Oil & Gas reaches target depth in Logbaba

Victoria Oil & Gas has reached its target depth of 3,180m measured depth (MD) at Well La-107. An additional 23m of net gas sand from the Lower Logbaba Formation brings total net gas sand encountered in the Upper and Lower Logbaba Formations to 58m. La-1
31-Jul-2017 07:43 AM

Victoria Oil & Gas gross average gas production up

Victoria Oil & Gas announced an 11.9% increase in gross average gas production from Logbaba to 14.59mmscf/d (Q2 2016: 13.04mmscf/d) in the three months to 30 June 2017. PRODUCTION HIGHLIGHTS - Gross Logbaba gas sales increased to 1,192mmscf for the qua
28-Jun-2017 01:54 PM

All resolutions passed at Victoria Oil & Gas' AGM

Victoria Oil & Gas has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:54pm: (LON:VOG) Victoria Oil Gas PLC share price was -1p at 47.75p Story provided by StockMarketWire.com...
28-Jun-2017 07:21 AM

Victoria Oil & Gas provides Logbaba drilling update

Victoria Oil & Gas has provided an update on the "challenging" two well drilling programme at its Logbaba gas production site, located in the industrial port city of Douala, Cameroon. "Our success so far on La-107 in securing 35m of gas-be
26-May-2017 07:46 AM

Victoria O&G posts FY loss of £29.99m

Victoria Oil & Gas posted a loss of $29.99m for the 12 months to Dec. 31, 2016, versus a profit of $1.62m for seven months to end-December 2015. Revenue was $32.75m, against $21.38m in the shorter period. Chairman Kevin Foo said he believed the assignme
03-Feb-2017 07:28 AM

Victoria O&G issues Q4 operations update

Victoria Oil and Gas has reported an increase in average gas production to 7.64mmscf/d in Q4 2016, from 7.14mmscf/d a year ago, in the three months ended Dec. 31, 2012. The company further noted a 4.5% increase in gross Logbaba gas sales of 654mmscf for
23-Dec-2016 07:22 AM

Victoria O&G issues Cameroon drilling update

Victoria Oil & Gas said Gaz du Cameroun S.A. (GDC), its Cameroon gas producing and distribution subsidiary, has successfully completed both the Phase II & Phase III of the Bonaberi pipeline extension programme. GDC has laid a total of 15km of gas pipeli
26-Sep-2016 07:39 AM

Victoria Oil & Gas posts H1 pretax profit

Victoria Oil & Gas has posted an H1 pretax profit of $3.9m, from a year-ago profit of $215,000. Revenue was $23.6m, from $18.9m. "The first half of 2016 has been a stabilising period in the Company, as we deliver on our strategy to increase producti
30-Nov-2015 02:33 PM

VOG resolutions passed at AGM

Victoria Oil and Gas has confirmed that all the resolutions proposed at the annual general meeting today were passed. At 2:33pm: (LON:VOG) Victoria Oil Gas PLC share price was +1.88p at 46.13p Story provided by StockMarketWire.com...
27-May-2015 07:30 AM

Cameroon gas plant acquired by Victoria Oil & Gas

Victoria Oil & Gas has announced that its 100% owned subsidiary, Gaz du Cameroun ("GDC"), has made payment in full for the purchase of the Logbaba gas processing plant from Expro Worldwide. The plant currently processes gas extracted from the
27-Feb-2015 03:30 PM

Victoria Oil & Gas reports improved earnings

Victoria Oil & Gas Plc, the Cameroon energy utility company, has announced its unaudited interim results for the six months ended 30 November 2014, which highlighted that earnings (EBITDA) net of RSM arbitration/impairment adjustments came in at $1.4 mill
29-Dec-2014 07:12 AM

Victoria's supply deal with ENEO Cameroon

Victoria Oil & Gas subsidiary Gaz du Cameroun S.A. (GDC) has signed a legally binding term sheet with ENEO Cameroon S.A (ENEO), Cameroon's integrated utility Company, to supply gas to two power stations located in the city of Douala. GDC has also si
17-Jul-2014 02:29 PM

Victoria Oil & Gas director resigns

Victoria Oil & Gas executive director Austen Titford has resigned with effect from 16 July for personal reasons. Titford will continue to work with the company to ensure a smooth handover. Chairman Kevin Foo said: "As an employee since 2008 and
28-Feb-2014 09:52 AM

Victoria Oil & Gas revenues at half year more than three times higher

Victoria Oil and Gas (AIM: VOG), the emerging African energy utility company, has announced that for the six months ended 30 November 2013 its operating profit was $3.7m (2012: Loss $3.7m) Revenue for the period was $6.0m (6 months to 30 November 2012: $
25-Oct-2013 07:34 AM

Victoria Oil & Gas widens FY pretax loss to $15.9m

Victoria Oil & Gas widened its full-year pretax loss to $15.9m, from a loss of $7.7m. Revenue was $6.9m, from nil. Most of the losses were linked to administrative expenses. "I am concerned about the low share price, which I believe grossly underval
30-Sep-2013 09:25 AM

Victoria Oil & Gas CEO John Scott to step down

Victoria Oil & Gas said CEO John Scott is to step down from the Board for personal reasons. He will remain at the company for a suitable time to ensure a smooth handover of his duties to the Executive team. At 9:25am: (LON:VOG) Victoria Oil & Gas share
 
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