Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVOG.L Share News (VOG)

  • There is currently no data for VOG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Victoria Oil & Gas reports maiden annual revenue in transitional year

Fri, 25th Oct 2013 07:59

Victoria Oil & Gas reported a maiden annual revenue of nearly seven million dollars after a transitional year in which moved from an exploration to a production company.The AIM-listed group generated revenue of $6.93m in the year ended May 31st, derived from its flagship Logbaba gas and condensate field in Cameroon.The loss before tax more than doubled from $7.73m to $15.94m after higher costs as it moved to production, while administration costs increased from $4.5m to $11.2m. The firm said it expects to see decreases in spend per unit of production in the coming year as it implements cost-cutting measures.Net cash used in operating activities totalled $13.44m, compared with $4.54m generated the year before.Addressing shareholders in a statement, Chairman and Acting Chief Executive Kevin Foo said that it was a "challenging" year for Victoria: "Like you, I am concerned about the low share price, which I believe grossly undervalues our business and does not reflect the company's achievements to date." The stock has been under pressure since the start of the year, falling nearly 50% since the start of January.Foo reiterated Victoria's objective - to use cash flow from its flagship Logbaba project in Cameroon to fund further expansion in Africa - and said that the company is "at the forefront of an energy revolution" across the continent.The stock was up 1.57% at 1.16p in early trading on Friday.BC
More News
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

Read more
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.

Read more
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

Read more
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

Read more
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

Read more
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

Read more
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.

Read more
21 Jun 2018 16:03

UK Shareholder Meetings Calendar - Next 7 Days

Friday 22 JuneCambian Groupboohoo.comNext Fifteen Communications GroupBraemar 25 Oil

Read more
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

Read more
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

Read more
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

Read more
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

Read more
3 Feb 2017 07:47

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

Read more
28 Nov 2016 11:07

Victoria Oil & Gas Continues Batch Drilling At Logbaba Gas Project

Read more
29 Jun 2016 09:23

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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.