LONDON (Alliance News) - Victoria Oil & Gas PLC on Tuesday said it has changed its financial year-end to December 31 from May 31 to be aligned with its operating subsidiary Gaz du Cameroun SA.
The change also was made to "better reflect" the seasonal nature of the subsidiary's gas sales profile, Victoria Oil said.
"The board does not foresee any material financial implications on the group as a result of the change in accounting reference date of the company, nor is there any other matter of significance that needs to be brought to the attention of the shareholders of the company in this regard," Victoria Oil said in a statement.
Unaudited interim accounts for the six months ending November 30 will be published by the end of February, with audited annual accounts for the period to December 31 from May 31 will be published at the end of May 2016.
Shares in Victoria Oil & Gas were down 0.4% at 55.05 pence on Tuesday morning.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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