Victoria Oil & Gas Gets Government Approval for Extension of Cameroon's Matanda Block License
December 23 2021 - 4:11AM
Dow Jones News
By Sabela Ojea
Victoria Oil & Gas PLC said Thursday it has received
approval as operator from Cameroon's minister of mines, industry
and technological development for the extension of the Matanda
Block license.
The London-listed, Cameroon-focused energy company said the
exploration phase of the license has been extended by one year from
Dec. 17.
"The first well will be in the highly prospective onshore area
where nearby wells in a similar play (in the contiguous Bomono
license) underwent extended well tests and have significantly
derisked these shallower plays," Chief Executive Roy Kelly
said.
Shares at 0830 GMT were up 0.25 pence, or 7.9%, at 3.40
pence.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
December 23, 2021 03:56 ET (08:56 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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