Victoria Oil & Gas says negotiations ongoing in Cameroon

Victoria Oil & Gas announced on Thursday that negotiations were continuing between its wholly-owned subsidiary, Gaz du Cameroun, Altaaqa Alternative Solutions Projects and ENEO Cameroun.

The AIM-traded firm said the discussions were in relation to the contract renewal for the supply of gas.

“GDC continues to sell gas from Logbaba to ENEO at normal consumption rates for this time of year given the demand for power in Douala,” Victoria’s board said in a statement.

The company said it would announce final agreements reached with ENEO in due course.