LONDON (Alliance News) - Victoria Oil & Gas on Tuesday said production at the Logbaba project in Cameroon increased in the week just ended.
For the week from ended January 25, the firm produced an average of 12 million standard cubic feet per day of gas at the project.
Current gas and condensate production levels provide estimated monthly net revenue of approximately USD2.0 million, the firm added.
Furthermore, noting press speculation regarding a possible fundraise, the company said that it has no news to disclose yet, although it continues to assess funding requirements.
Victoria Oil & Gas shares were up 3.6% at 14.25 pence each in late trade on Tuesday.
