Victoria Oil & Gas Plc provided operational update for the fourth quarter of 2021. Average daily gross gas sales rate for the quarter of 5.3 MMscf/d (up 6.0% on Third Quarter 21: 5.0 MMscf/d) of natural gas, plus gross 5,584 bbls (Q3 21: 3,800 bbls) condensate was shipped to customers. The Logbaba field has now produced a cumulative 21 Bcf of natural gas, having passed the 20 Bcf milestone in July 2021.

Well La-108 was shut in on 25 December 2021 to allow Well La-107 to commence production. Well La-108 was closed as both wells cannot be used simultaneously whilst their wellhead flowing pressures are so far apart. As before, the Company will use the shut-in to monitor the Well La-108 pressure build-up to gain more understanding of the reservoir and well performance.

At the time of writing, the Well La-108 shut-in pressure continues to build up. Civil engineering work on site access continued during the period, occasionally hampered by the weather. The Company continues to market the Matanda Farm-Out opportunity.