Victoria Oil & Gas (VOG) rose further 12½p to 117½p after Thursday’s completion of the purchase of the remaining 25.2 per cent that it did not already own in Siberia’s West Medvezhye project, whose first well is surrounded by an estimated half trillion cubic feet of gas. Dealers hear that VOG, which last week raised £12.8 million, is in talks to buy further licences elsewhere in the former Soviet Union.
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