RNS/Interview25 Mar 2020 10:24
Wed, 25th Mar 2020 10:00
RNS Number : 5360H
Victoria Oil & Gas PLC
25 March 2020
25 March 2020
Victoria Oil & Gas
("VOG" or the "Company")
Business Update and Chairman Interview
Victoria Oil & Gas Plc, whose wholly owned subsidiary, Gaz du Cameroun S.A. ("GDC"), is the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, provides an update on its current business, in light of the outbreak of the Covid-19 virus.
Covid-19
There has currently been no significant impact on the Company's operations in Cameroon following the outbreak of the coronavirus. The Company's senior managers remain in country and are operating normally. In light of the fluid nature of the ongoing situation, the management team continues to liaise closely with the relevant Cameroonian authorities to maintain the safety of all employees and ensure all necessary protocols are being followed, including emergency evacuation procedures for in-country staff.
Our staff in London have been asked to work out of home until further notice. VOG continues to maintain a prudent approach to the way it runs the business, with a focus on cost control and cash discipline.
Roger Kennedy, Executive Chairman of Victoria Oil & Gas, commented:
"I would like to thank all of our employees for their flexibility during this challenging period. In uncertain times, the safety of our people is of paramount importance, and the Board and management team will be working tirelessly to ensure their continued welfare.
Whilst there is no current impact on the Company's operations, this is an ever-moving situation, and we will continue to pursue a strategy of strong and responsible fiscal discipline.
We have taken positive steps as a business in the last months. The appointment of Roy Kelly as CEO starts a new chapter for the company and our shareholders. Our objectives remain to optimize operations, execute our business plan and provide shareholders with material upside going forwards."
Chairman interview
Roger Kennedy, Executive Chairman, has conducted an interview with BRR Media on the appointment of Roy Kelly as CEO as well as holding a wider discussion on the business.
The interview can be found on the following link:
https://www.brrmedia.co.uk/broadcasts-embed/5e6a2fd79672d83b987791cf/?VOG&popup=true
For further information, please visit www.victoriaoilandgas.com or contact:
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