Victoria Oil & Gas plc (VOG)’s has drawn down in full the convertible B loan notes for its onshore gas operations in the port city of Douala, Cameroon. LEGACY ISSUES The loan to the company’s subsidiary, Gaz du Cameroun S.A. is in accordance with the financing agreement with Meridian Capital (HK) Ltd. “We are once again […]
Tag: Cameroon
Oriole weighs ‘huge exploration potential’ at CLP
Oriole Resources plc’s initial sampling results support its hypothesis of huge potential for gold exploration on the 3,592km2 Central Licence Package (CLP) in Central Cameroon. PRIORITY Following a desktop remote sensing study that identified 12 initial priority gold targets, Oriole conducted a mapping and stream sediment sampling programme. The programme was completed over the five easternmost licences, […]
Oriole cuts losses by 81% and raises £2.37m
Oriole Resources plc reduces losses by more than 80% and raised £2.37 million through its portfolio of assets in Africa and Turkey. The company said that the significant reduction was partly driven by an unrealised foreign exchange gain of £317,000, compared with a £445,000 exchange loss in 2019. The remaining sum of £578,000 was the […]
Oriole acquires new Cameroon gold licences
Oriole Resources plc said it had expanded its Cameroon portfolio with five new gold licences and a further three granted to its partner. The five licences (Tenekou, Niambaran, Pokor, Ndom and Mbe) in Central Cameroon are located to the west of the regional capital, Ngaoundéré. They were granted through the company’s 90%-owned subsidiary Oriole Cameroon SARL. […]
VOG looks to high potential of La-108 well at Douala
Victoria Oil & Gas plc (VOG) said the full potential of the La-108 well was likely to exceed the capacity of the plant in the industrial port city of Douala, Cameroon. CAMEROON WELLS The company’s wholly owned subsidiary and operator, Gaz du Cameroun S.A. (GDC) currently holds interests in the neighbouring blocks of Logbaba and Matanda. Two producing […]