Victoria’s strategy is to grow into a mid cap E&P company with the development of its existing high class fields and prospects and via the acquisition of opportunistic undervalued assets, particularly in Africa and the FSU.
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To explore, appraise and develop petroleum resources in exciting plays in Cameroon, Russia and other areas where there is an opportunity to acquire undervalued assets. |
Victoria has built a combined portfolio of proven and probable reserves and prospective resources in prolific hydrocarbon producing regions of West Africa and the FSU.
The Company’s assets are 95% of the Logbaba gas and condensate field in Cameroon and a 100% of the West Medvezhye oil and gas project in Siberia. Both assets are operated by Victoria. The Company’s near-term production asset is Logbaba, located in the eastern suburbs of Douala, the economic capital of Cameroon.
