Victoria Oil & Gas Plc announced that its wholly owned subsidiary Gaz du Cameroun S.A. ("GDC") has received, as operator, approval from the Minister of Mines, Industry and Technological Development for the extension of the Matanda Block licence. The exploration phase of the licence has been extended by one year from 17 December 2020. This has been approved by the Minister and a Presidential Decree will follow in accordance with the regulations in due course. GDC was assigned 75% ownership and became operator of the Matanda PSC in December 2018 with Afex Global Limited ("AFEX") holding the remaining 25%. Société Nationale Des Hydrocarbures ("SNH") has a 25% back in right after an Exploitation License is granted. The 1,235 square kilometre block Matanda Block is adjacent to GDC's Logbaba concession, offering an easy monetisation route for gas discoveries. The project has progressed well in the first two years of GDC's involvement, and notably in July 2020 the Company was pleased to report a material increase in management's estimate of Prospective Resources, onshore Matanda. Gross unrisked, mean Prospective Resources increased to 1,196 Bcf in the Matanda Licence (onshore) from the previously reported 903 Bcf (ERCL Consultants Evaluation: 'Prospectivity and Volumetrics Report, Matanda Block, Cameroon', 2017).