14 Jul 2016 07:00
14 July 2016
Victoria Oil & Gas Plc
("VOG" or "the Company")
Directorate Changes
Victoria Oil & Gas Plc, the Cameroon gas utility company, today announces the appointment of Roger Kennedy as a Non-Executive Director of the Company with immediate effect. The addition of Mr. Kennedy to the Board will balance the number of executive and non-executive directors and provide a wider spectrum of skills to the Company.
Roger Cameron Kennedy, aged 53
Roger is currently Chairman of KCP Limited, a family office investing in public and private equity, having previously served as Chief Executive Officer from 2000 to 2007. In 2012, Roger co-founded QKR Corporation Limited, a diversified mining investment company backed by sovereign funds, institutional investors and high-net-worth individuals and served as a director until 2014.
Over the same period, he served as a director and Head of Business Development for Star Petroleum Limited, an upstream E&P company with oil licenses in Libya, South Sudan, Uganda, Angola, Nigeria and the Caspian Sea.
Prior to 2012, Roger was Managing Director and Head of the Energy & Natural Resources Group, Asia Pacific at J.P. Morgan Securities (Asia Pacific) Limited, where he built and managed a large Asia Pacific based team focused on Oil & Gas, Metals & Mining, Power and Chemicals. From 1994 to 2000 Roger was Head of the Latin American Industrials Group (Oil & Gas, Metals & Mining, Utilities, Infrastructure and Construction) and member of the M&A, Debt Capital Markets, Telecom and Natural Resources Investment Banking teams at Salomon Brothers Inc. Roger graduated from Oxford University with a D.Phil./PhD in Economics and Politics, holds a Juris Doctorate from New York University and is a member of the New York Bar Association.
Kevin Foo, Executive Chairman, commented:
"Roger Kennedy is an outstanding individual with huge experience and passion for resources development across many sectors. We are very pleased to welcome Roger to the Board. His joining the Company is an endorsement of our growth and our potential."
Roger Kennedy Directorships:
Current Directorships |
Previous Directorships (past 5 years) |
KCP Limited | QKR Corporation Management (UK) Limited |
KCP Capital Pty LTD Jasper Management Corporation Limited
| QKR Corporation Limited Star Petroleum Limited |
There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.
This announcement contains inside information.
For further information, please visit www.victoriaoilandgas.com or contact:
Victoria Oil & Gas Plc
Kevin Foo / Laurence Read Tel: +44 (0) 20 7921 8820
Strand Hanson Limited
Stuart Faulkner / Rory Murphy Tel: +44 (0) 20 7409 3494
Numis Securities
John Prior / Ben Stoop Tel: +44 (0) 20 7260 1000
Bell Pottinger
Daniel Thöle / Charles Stewart / Zara de Belder Tel: +44 (0) 20 3772 2499
Notes to Editors
About Victoria Oil & Gas Plc
Victoria Oil & Gas (VOG.L) is a gas utility company.
The Company's subsidiary, Gaz du Cameroun S.A. ("GDC") owns a 60% participating interest and operates the onshore Logbaba Gas Project. The Logbaba Gas Project supplies cost effective, clean and reliable natural gas to industries in the Douala region of Cameroon. RSM Production Corporation, an affiliate of Grynberg Petroleum Company of Denver, Colorado holds the remaining 40% participating interest. In addition, VOG has recently been assigned a 75% participating interest in the Matanda block, which neighbours the Logbaba block. The remaining 25% participating interest is held by AFEX.
VOG also holds 100% of the West Medvezhye oil and gas exploration project near Nadym, Russia. Given the challenging economic environment in Russia, The Group has fully impaired the West Medvezhye assets.