VOG.L Regulatory News (VOG)

17 Oct 2008 13:10



17 October 2008 

Bramlin Limited

("Bramlin" or the "Company")

Update on Discussions with Victoria Oil & Gas Plc

This morning the Board of Victoria Oil & Gas Plc (AIM:VOG) announced an update on the preliminary discussions with Bramlin Limited ("Bramlin")(AIM:BML) concerning a possible offer, which was announced by VOG on 24 September 2008.

The Boards of VOG and Bramlin have signed a non-binding Heads of Agreement ("HOA") covering an all share acquisition of Bramlin by VOG. The HOA reflects an offer proceeding by way of a Scheme of Arrangement, which will require the involvement of the Guernsey court and the approval of the shareholders of Bramlin.

The HOA is subject to legal and financial due diligence and include non-solicitation provisions. Kevin Foo is a director of both VOG and Bramlin and has taken no part in the negotiation of the HOA.

Fox-Davies Capital Limited has been engaged by Bramlin to act as a Rule 3 adviser under the Takeover Code.

For further enquiries, please contact:

Jim Ford / Alan Thomas 

Bramlin Limited

Tel: +1 713 523 6336/ +44 (0)20 7960 9629

www.bramlin.com

Richard Hail / Nick Sellmer

Fox-Davies Capital Limited 

Tel: +44 (0) 20 7936 5230

Thilo Hoffman / Mira Shukanayeva

Zimmermann Adams International Limited

Tel: +44 (0) 20 7060 1760

Jonathan Charles

Conduit PR Tel: + 44 (0) 20 7429 6611