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Victoria Oil & Gas declares 2016 operations outlook


Published Jan 29, 2016
Victoria Oil & Gas Plc

Victoria Oil & Gas Plc declares a 2016 Operations Outlook for VOG and Gaz Du Cameroun S.A ('GDC') the Company's wholly-owned subsidiary and operator of the 60% owned Logbaba Gas Project in Cameroon. GDC has successfully developed the first industrial gas for sale into the Cameroon energy market and is now supplying a variety of different customers.

2015 was a successful year which saw GDC more than double 2014 production and become cash generative. GDC is beginning 2016 with average daily gas production rates in excess of 15mmscf/d and a primary objective to exceed 3.7 Bcf of annual production, which is a 30% increase over 2015 supply.

Tags: Victoria Oil & Gas Plc




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