Fact Sheet

Description

Victoria is an independent oil and gas exploration and production company with particular emphasis on projects within Africa and the FSU. The Company's principal assets are 60% of the Logbaba gas and condensate project in Cameroon, 100% of the West Medvezhye gas field in Siberia, Russia and 100% of Kemerkol oil field in Kazakhstan. The Company is listed on the London Stock Exchange's AIM as "VOG".

Key Management

Kevin Foo, Chairman
Kevin has over a 30 year career in all aspects of mining, including technical, operational, project management and running public companies. He has worked on five continents including 19 years in Kazakhstan and Russia and is a specialist in the development of mines in the FSU. Kevin was the former managing director of Celtic Resources Plc and non-executive chairman of Bramlin Limited, AIM quoted resource companies.

George Donne, Executive Director
George was previously the General Manager of Victoria with responsibility for the administration of the Company’s head office in London. George is a former investment banker with JP Morgan in both London and Johannesburg, specialising in natural resources advisory.

Grant Manheim, Deputy Chairman
Grant has extensive financial experience in the City of London gained over 37 years at N.M. Rothschild and Sons Limited with 25 years as a main Board Director. In addition to his financial experience, he also has knowledge of the oil and gas sector having been the Deputy Chairman of the Executive Committee of New Court Natural Resources Plc, a company whose business was the investment in and development of oil and gas properties in the United States.

Robert Palmer, Finance Director
Robert is a Chartered Accountant. He combines his role as Finance Director with his position as a senior partner in The Gallagher Partnership LLP, a business consultancy-based accountancy practice where he specialises in providing financial advice to small and medium sized enterprises. He holds a number of directorships in private companies.

Austen Titford, Executive Director
A Chartered Accountant with more than 17 years experience from working for FTSE 100 and AIM listed natural resource companies, including Lonrho, LASMO, BHPB and Celtic Resources on projects in Africa, Iran, Russia and Central Asia. He brings a broad mix of financial experience, covering both the project development and operational phases.

Philip Rand, Non-Executive Director
Philip has over 30 years of financial experience of which 17 have been in the upstream energy sector. He is currently the chief executive and chief financial office of AIM-quoted oil and gas exploration company Equator Exploration Limited. He has been chief financial officer of Burren Energy, group treasurer of Monument Oil & Gas and held senior financial roles at Deminex and Louisiana Land & Exploration. Philip is a Fellow of the Association of Corporate Treasurers. Philip is Chairman of the Remuneration and Audit Committees.

Radwan Hadi, Chief Operating Officer
Senior petroleum engineer with Blackwatch with over 25 yrs experience in oil and gas including in Nigeria, Ghana and Equatorial Guinea.

Operations

The Company's principal assets are 60% of the Logbaba gas and condensate project in Cameroon, 100% of the West Medvezhye gas field in Siberia, Russia and the Kemerkol field in Kazakhstan.

Logbaba is located in Douala, the economic capital of Cameroon. The field was discovered in the 1950s with all four exploration wells, flowing gas at rates up to 62Mmcf/d.

West Medvezhye is situated in the Yamal-Nenetsk region of Siberia. An independent reserve audit estimated prospective resources for West Med of over 1.1 BnBOE.

The Kemerkol oil field lies in the Atyrau Oblast region of Western Kazkhstan, with proven C1 + C2 reserves of 35 Mmboe.

Strand Hanson Limited, Nominated Advisor
Fox Davies Capital, Broker