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IN BRIEF: Victoria Oil & Gas adds additional perforations to La-108

Tue, 16th Nov 2021 12:09

Victoria Oil & Gas PLC - energy supplier in Africa - Says additional perforations have been successfully added to well La-108 in Douala, Cameroon. The well was returned to production on November 5. The gas currently being produced from well La-108 has a calorific value that is about 4% higher than the Logbaba field average, Victoria says, and the condensate is slightly lighter than the field average.

"Only now do we have all sands in the development wells perforated, which will eventually allow us to gain a clearer understanding of deliverability and reserves from the current well stock," says Chief Executive Roy Kelly.

Current stock price: 4.05 pence, up 42%

Year-to-date change: down 4.7%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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