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IN BRIEF: Victoria Oil & Gas Terminates Supply Pact With ENEO Cameroon

Fri, 03rd Jul 2020 13:09

Victoria Oil & Gas PLC - London-based gas producer & distributor - Has terminated the gas supply agreement with ENEO Cameroon SA due to ENEO's failure to pay USD16 million owed to Victoria Oil's wholly-owned subsidiary Gaz du Cameroun SA. States it will "rigorously pursue" the unpaid debt through the available legal channels, including a penalty payment of three months' fees as a result of termination as per the signed term sheet.

Current stock price: 3.30 pence

Year-to-date change: down 49%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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21 Jan 2019 13:39

Victoria Oil & Gas Reports Improvement In Average Production Rate

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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

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22 Oct 2018 13:23

Victoria Oil & Gas Third Quarter Production Up On New Customers

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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

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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

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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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