Victoria Oil & Gas plc Proposes Board Changes

Victoria Oil & Gas Plc is a fully integrated onshore gas producer and distributor through its operations located in the port city of Douala, Cameroon. The Company is engaged in oil and gas exploration, development and production and the sale of hydrocarbons and related activities. Its segments include Cameroon, Russia and Kazakhstan, and Corporate. The Company is focused on providing energy alternative to diesel and heavy fuel for the Douala region of Cameroon through supply of its natural gas. It focuses on the development of the Logbaba gas and condensate field and exploration of the Matanda block to supply gas to its customers in Douala, Cameroon. It has an exploration and development project in Russia, the 100%-owned West Medvezhye field. The Company through its wholly owned subsidiary, Gaz du Cameroun S.A., delivers fully integrated, indigenous gas to grid power, thermal and industrial power customers via its 51 km gas distribution pipeline network from the Logbaba Project.