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Victoria Oil & Gas signs deals and receives first dispute cash

Wed, 08th Jan 2014 15:19

Explorer and producer Victoria Oil & Gas (VOG) signed two key customer agreements and received cash from an arbitration to make up for flat daily production levels as a customer's expected plant was not delivered.AIM-listed VOG, which has interests in Cameroon and Siberia, signed a collaboration agreement with Cameroon's sole electricity utility AES-Sonel to work together to convert currency hydro-electric plants to gas-fired generation.The company admitted year end daily production levels remained in the 2.5 to 3.0m standard cubic feet per day (mmscf/d) range because a Cameroon glass manufacturer customer Socaver did not commission a new plant as expected and some customers had significantly reduced consumption over the holiday period. In particular, VOG's largest customer had also agreed to supply thermal gas for cement manufacture Dangote, with second-quarter connection anticipated.The company received first cash, $4.1m, as the result of an arbitration against RSM Production over a long-running gas field ownership dispute in Douala.Shares in VOG were up 8.6% to 1.18p at 15:30 on Wednesday. OH

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23 Jun 2016 09:56

Victoria Oil and Gas appoints Ahmet Dik CEO

(ShareCast News) - Ahmet Dik was appointed chief executive of Victoria Oil and Gas (VOG) on Thursday. Dik, 43, was previously chief executive of the company's subsidiary Gaz du Cameroun (GDC). A lawyer by profession, Dik secured the grid power supply contract with ENEO, Cameroon's national transmiss

23 Jun 2016 07:22

Victoria Oil & Gas Promotes Cameroon Operating Head To Be CEO

22 Jun 2016 15:05

UK Shareholder Meetings Calendar - Next 7 Days

31 May 2016 10:07

Victoria Oil & Gas Reshuffles Board, Makes Seven-Month Profit

19 Apr 2016 09:38

Victoria Oil & Gas Says Gas Production, Consumption Up

13 Apr 2016 07:25

Victoria Oil & Gas Secures USD26 Million Loan For Logbaba Expansion

7 Apr 2016 16:32

Victoria Oil & Gas gets go-ahead for interest in Matanda

(ShareCast News) - Integrated natural gas producing utility Victoria Oil & Gas announced on Thursday it had received approval from the Government of Cameroon for a 75% participating interest in the Matanda Production Sharing Contract to be transferred to its subsidiary Gaz Du Cameroun Matanda (GDC),

7 Apr 2016 07:52

Victoria Oil & Gas Gets Approval For Matanda Licence Deal

29 Feb 2016 14:57

Victoria Oil & Gas reports strong first half

(ShareCast News) - Victoria Oil & Gas made a strong start to its financial year, updating the market on its six months to 30 November 2015 on Monday. The AIM-traded natural gas producer reported revenue of $18.9m (£13.6m) for the period, up from $11.6m in the six months to 30 November 2014. Adjuste

29 Feb 2016 10:36

Victoria Oil & Gas On Track For Well Spud As It Swings To Profit

18 Feb 2016 10:34

WINNERS & LOSERS SUMMARY: Investors Warm To Centrica Results

18 Feb 2016 07:50

Victoria Oil Expands Cameroon Operation Through Glencore Deal

28 Jan 2016 10:23

WINNERS & LOSERS SUMMARY: Weak United Rentals Results Hurt Ashtead

28 Jan 2016 09:32

Victoria Oil Shares Rise As Gas Production To Continue Growing In 2016

20 Nov 2015 16:06

Inland Homes founder pockets £1m in share sale

(ShareCast News) - The man at the top of Inland Homes cashed in on some of the company today, pocketing a cool £1m in the process. Stephen Wicks, who co-founded the development firm in 2005, sold 1.5m shares at 67.37p a piece. He has held on to 14.7m shares, though, representing a 7.27% stake in th

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