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Globeleq Inaugurates South African Solar Projects

Globeleq, the leading private power generation company in Africa, has celebrated completion of two of its renewable energy projects in South Africa.  On site ceremonies were held to mark the occasion and were well attended by national, local government, industry and community representatives.  The 50 MW PV De Aar Solar Power and 50 MW PV Droogfontein Solar Power facilities are both located in the Northern Cape and have been generating clean energy to the national grid following connection in late 2013. 

Logbaba Project Update - Cameroon

Victoria Oil and Gas Plc, the emerging African energy utility company, today announces that its operating subsidiary, Gaz du Cameroun S.A ("GDC"), will commence the 1km gas pipeline crossing under the Wouri River to Bonaberi. GDC has completed initial project planning, including environmental and safety analyses and has received all the necessary permits, including the grant of Certificate of Environmental Conformity by the Minister in Charge of Environment, Nature protection and Sustainable Development.

Operational Break-even Achieved, Cameroon

Victoria Oil & Gas Plc ("VOG" or "the Company"), the emerging African energy utility company, today announces that gas supplied to customers by the Company's operating subsidiary, Gaz du Cameroun ("GDC"), has averaged 3.2mmscf/d for February production to date. At this supply rate the Company is pleased to confirm that GDC is now above break-even on a cash flow basis.

Gaz du Cameroun S.A. Signs Loan Agreement & Customs Bond Facility with BGFIBank of Cameroon

Victoria Oil & Gas Plc, the emerging African energy utility company, is today pleased to announce that it has signed a loan agreement and Customs bond facility between its Cameroonian operating subsidiary, Gaz du Cameroun S.A. ("GDC"), and BGFIBank ("BGFI") of Cameroon.

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