Victoria O&G ups state in Cameroon Field

摘要

VICTORIA O&G HAS increased its effective working interest in the Logbaba gas and gas condensate field in Douala, Cameroon to 95 per cent following the serving of a Notice of Forfeiture on July 18, 2011 on RSM Production which previously had a 38 per cent interest in the Logbaba Concession. The activities at the Logbaba Concession are regulated by a number of legal agreements between VOG's 100 per cent subsidiary Rodeo Developments and RSM which cover various operating and legal matters including the obligation for RSM to meet appropriately evidenced cash calls raised by RDL for the costs of development and operation at the Logbaba Concession.