Victoria Oil & Gas PLC Logbaba Field Reserves Report (4848H)
August 18 2016 - 2:13AM
UK Regulatory
TIDMVOG
RNS Number : 4848H
Victoria Oil & Gas PLC
17 August 2016
18 August 2016
Victoria Oil & Gas Plc
("VOG" or "the Company")
Logbaba Field Reserves Report
Victoria Oil & Gas Plc announces the publication of its
updated Logbaba Field Reserves Report ("LFRR"), setting out the
reserves and resources of the Company as at 30(th) June 2016, as
evaluated by Blackwatch Petroleum Services Limited ("Blackwatch").
The reserves and resources are stated in accordance with "Petroleum
Resources Classification and Definitions", based on the SPE, WPC,
AAPG, and SPEE guidelines.
The Company's subsidiary, Gaz du Cameroun S.A. ("GDC") owns a
60% participating interest and operates the onshore Logbaba Gas
Project under its C38 Exploitation Licence. The Logbaba Gas Project
supplies cost effective, clean and reliable natural gas to
industries in the Douala region of Cameroon.
The results of the LFRR are summarised in the link below:
http://www.rns-pdf.londonstockexchange.com/rns/4848H_-2016-8-17.pdf
A full copy of the LFRR can be found on our website at the
following:
http://www.victoriaoilandgas.com/investors/presentations-reports
The definitions for the reserve and resource classifications in
this announcement are set out in the LFRR.
This Regulatory News 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 (NOMAD)
Stuart Faulkner / Rory Murphy Tel: +44 (0) 20 7409 3494
Shore Capital Stockbrokers Limited (Joint Broker)
Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 207 408
4090
Jerry Keen (corporate broking)
FirstEnergy Capital LLP (Joint Broker)
Jonathan Wright/David van Erp Tel: +44 (0) 207 448 0200
Bell Pottinger
Daniel Thöle / Charles Stewart / Zara de Belder Tel: +44 (0) 20
3772 2499
Notes to Editors
About Blackwatch Petroleum Services Ltd
Blackwatch Petroleum Services Ltd is a provider of geological,
petroleum engineering, well testing and drilling engineering
services to the international oil industry. The company specialises
in the modelling, estimation, assessment and evaluation of oil and
gas assets.
This report has been conducted under the supervision of Samuel L
Metcalfe and Radwan Hadi. Mr Metcalfe is a graduate in BA Geology,
BSc Civil Engineering, and MSc Petroleum Engineering. Mr Metcalfe
is Managing Director of Blackwatch and has over thirty years of
experience in the international oil industry. Mr Hadi is a BSc
graduate and was awarded an MSc in Chemical Engineering from the
University of Bradford in 1979. He is Deputy Managing Director of
Blackwatch and has over thirty five years of experience in the
international oil industry. They are both members of the Society of
Petroleum Engineers. Mr Metcalfe is currently consulting to GDC on
the drilling programme at the Logbaba Field.
Blackwatch has reviewed and approved the technical information
contained within this release in its capacity as a qualified
person, as required under the AIM Rules for Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLDMGMRVNRGVZM
(END) Dow Jones Newswires
August 18, 2016 02:13 ET (06:13 GMT)
Victoria Oil & Gas (LSE:VOG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Victoria Oil & Gas (LSE:VOG)
Historical Stock Chart
From Apr 2023 to Apr 2024