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Commencement of Continuous Production at Logbaba

Source: www.gulfoilandgas.com 7/9/2012, Location: Africa

Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and production company with assets in Cameroon and the FSU, is pleased to announce the commencement of continuous production operations at its 95% owned and operated Logbaba gas and condensate project onshore Cameroon managed by its wholly owned subsidiary Rodeo Development Limited, (‘RDL’).

The Company’s first three customers are now taking delivery of gas in sufficient volume to allow the production facilities to operate 24 hours a day, delivering gas in full compliance with specification. These customers have a combined average daily demand of approximately 0.7 mmscf/d. The Company is assisting additional customers to convert their factories to take gas.

The Company remains on schedule to increase production to 8 mmscf/d by the end of the year. This will be driven by an increase in the number of thermal (heat requirement) customers and the installation of gas powered electrical generation units on customers’ sites. The first units are expected to come on line in mid Q4 2012. This will be a major development for Cameroon, making clean and reliable power available to industrial users.

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