Victoria Oil & Gas PLC AIM Rule 17 Disclosure Schedule Two (g) Update (3434Q)
June 05 2018 - 5:00AM
UK Regulatory
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: +44 (0) 20 7921 8820
Strand Hanson Limited (Nominated and Financial Adviser)
Rory Murphy / Angela Hallett / Ritchie Balmer Tel: +44 (0) 20
7409 3494
Shore Capital Stockbrokers Limited (Joint Broker)
Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 20 7408
4090
Jerry Keen (corporate broking)
FirstEnergy Capital LLP (Joint Broker)
Jonathan Wright / David van Erp Tel: +44 (0) 20 7448 0200
Camarco (Financial PR)
Billy Clegg Tel: +44 (0) 20 3757 4983
Nick Hennis Tel: +44 (0) 20 3781 8330
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 rns@lseg.com or visit www.rns.com.
END
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