Victoria Oil & Gas (LON:VOG) - More gas underneath Douala!
Feb 04th 2010 - Fox Davies Capital today published a report on Victoria Oil & Gas (VOG.L, LSE:VOG, LON:VOG) entitled "More Gas Underneath Douala!". In summary, the report says:
Event
Victoria Oil & Gas Plc announced an update on the passive seismic spectroscopy survey at its Logbaba gas and condensate project ("Logbaba") in Douala, Cameroon. The data is the first new geophysical information to be acquired over Logbaba since the discovery was made in the 1950s. The survey findings are in line with the geological understanding of the Logbaba reservoir sands and correlate well with data from the four old wells and the newly drilled well La-105.
The analysis of the survey indicates a major potential hydrocarbon accumulation around two kilometres from the current drilling location. The accumulation, which lies entirely within VOG's licence block, appears to be substantially larger than the existing discovery and has not been...
Fox-Davies Capital Limited (FDC) has been advising and raising funds for the natural resource sector since February 2001. The firm specialises in assisting international resource companies to gain access to the UK, European and North American capital markets and has…
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