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IN BRIEF: Victoria Oil & Gas gets USD5.0 million in Eneo settlement

Mon, 19th Apr 2021 14:29

Victoria Oil & Gas PLC - gas producer and distibutor with operations in Cameroon - Agrees settlement over unpaid invoices with Eneo Cameroon SA, which will pay Victoria XAF2.74 billion, equivalent to USD5.0 million. Amounts invoiced to Eneo were fully provided for in most recent results, for the half-year ended June 2020. Victoria has now recovered four out of the ten outstanding invoices as of July 2020. Eneo has now paid all amounts invoiced by Victoria.

Current stock price: 6.10 pence, up 28% on Monday

Year-to-date change: up 44%

By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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21 Jan 2019 13:39

Victoria Oil & Gas Reports Improvement In Average Production Rate

LONDON (Alliance News) - Victoria Oil & Gas PLC on Monday said production levels at its Logbaba project in Cameroon have increased in January.The stock was trading 5.0% higher on Monday

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21 Jan 2019 12:49

Victoria Oil & Gas reports increasing production at Logbaba

(Sharecast News) - Cameroon-based gas and condensate producer Victoria Oil & Gas updated the market on the increasing production levels at its Logbaba Project on Monday, reporting an average production rate month-to-date of 8.5mmscfd as at 19 January.

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2 Jan 2019 12:12

Victoria Oil Approved To Buy 75% Stake In Cameroon Licence From Glencore

LONDON (Alliance News) - Victoria Oil & Gas PLC said Wednesday it has received approval from Cameroon President Paul Biya for its acquisition of a 75% interest in the Matanda production from a

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22 Oct 2018 13:23

Victoria Oil & Gas Third Quarter Production Up On New Customers

LONDON (Alliance News) - Victoria Oil & Gas PLC on Monday said gas sales and production grew in its third quarter with a further four customers consuming gas during the period.In its of

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28 Sep 2018 15:14

Victoria Oil & Gas Interim Loss Narrows Despite Sales Agreement Ending

LONDON (Alliance News) - Victoria Oil & Gas PLC on Friday reported a narrowed pretax loss on reduced expenses.In the six months ended June, the African energy supplier narrowed its loss

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17 Aug 2018 11:23

Victoria Oil & Gas Production And Sales Decrease In Second-Quarter

LONDON (Alliance News) - Cameroon-focused Victoria Oil & Gas PLC on Friday said gas production and sales declined in the second quarter of its current financial year due to termination of gas

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17 Aug 2018 10:15

Victoria Oil & Gas confident of power supply resolution with ENEO

(Sharecast News) - Cameroon-based gas and condensate producer and distributor Victoria Oil & Gas updated the market on its operations for the three months ended 30 June on Friday, reporting that its subsidiary Gaz du Cameroun remained confident of a resolution with ENEO Cameroon over the grid power supply issue.

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21 Jun 2018 16:03

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14 Jun 2018 13:50

Victoria Oil & Gas Restructures Debt With Cameroonian Bank

LONDON (Alliance News) - Victoria Oil & Gas PLC said Thursday that lenders have shown support for the firm after it restructured debt outstanding to BGFIBank Cameroon SA.The company a a

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24 May 2018 13:25

Victoria Oil & Gas Quarterly Revenue Slumps On Lack Of Power Supply

LONDON (Alliance News) - Victoria Oil & Gas PLC on Thursday reported a drop in production following a power station suspension which also knocked revenue in the first quarter.For the in

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24 Apr 2018 14:00

Victoria Oil & Gas Non-Exec Director Iain Patrick Leaves Immediately

LONDON (Alliance News) - Victoria Oil & Gas PLC on Tuesday said that its Non-Executive Director Iain Patrick resigned with immediate effect."We thank Iain sincerely for his to the

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3 Feb 2017 10:35

Victoria Oil & Gas achieves record monthly production in January

(ShareCast News) - Cameroonian energy utility Victoria Oil & Gas reported that it had achieved record monthly production in January and that a new pipeline to Bonaberi came onstream during the final quarter of 2016. After the extension of the Bonaberi pipeline, which provides gas to Doula, the large

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3 Feb 2017 07:47

Victoria Oil & Gas Posts 24% Year-On-Year Rise In Logbaba Gas Sales

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28 Nov 2016 11:07

Victoria Oil & Gas Continues Batch Drilling At Logbaba Gas Project

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29 Jun 2016 09:23

Victoria Oil & Gas Says Logbaba Plant Drilling Rig Arrives In Cameroon

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