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Victoria Oil & Gas acquires 75% interest in Matanda Block


Published Feb 19, 2016
Victoria Oil & Gas Plc

Victoria Oil & Gas Plc, has reached an agreement with Glencore Exploration Cameroon Limited and Afex Global Limited on the Matanda Block a large hydrocarbon licence in Cameroon.

The terms of this agreement include the assignment by Glencore Cameroon of its 75% participating interest in the Matanda Production Sharing Contract to VOG, and VOG becoming Matanda's operator through its 100% owned subsidiary, Gaz Du Cameroun Matanda S.A.

Tags: Victoria Oil & Gas Plc




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