An independent survey recently showed that this field could contain at least 500bn cubic feet of recoverable gas reserves, but could hold as much as 2trn cubic feet. Victoria also has projects in Kazakhstan.
Directors in the oil and explorer have also acquired 868,000 shares recently.
Of these, 432,000 were acquired at the placing price of 78p, 34,000 were acquired in lieu of salary as part of the employee share compensation programme and 402,000 were acquired yesterday at 105p per share