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Victoria Oil & Gas Unit Clears Debt After USD1.4 Million Payment

Tue, 04th Jun 2019 14:23

LONDON (Alliance News) - Victoria Oil & Gas PLC on Tuesday said subsidiary Gaz du Cameroun SA has inked an agreement with Weatherfords Services & Rental Ltd to extinguish outstanding debt.

The unit has made a full final payment of USD1.4 million to settle the debt.

Victoria Oil & Gas shares were trading down 1.7% at 11.89 pence each Tuesday afternoon.

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Construction components and software group Eleco said an anticipated improvement in market conditions has failed to materialise. In February, the firm said recent progress in order prospects for precast concrete activities offered grounds for cautious optimism that it would see an upturn in perform

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