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Additional Listing

6 Aug 2009

Victoria Oil & Gas Plc, the oil and gas company with assets in Cameroon and the FSU, announces that it has drawn down a further £400,000 of its £10 million Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("YA"), announced by the Company on 17 June 2009. The funds will be used for the development of VOG's Logbaba project in Cameroon. 

Under the terms of the SEDA, the Company has allotted, conditional on admission, 11,650,979 ordinary shares of 0.5 pence each in VOG ("Ordinary Shares") to YA at a price of 3.43 pence per share. This price is calculated by a formula under the terms of the SEDA based on the prevailing market price. 

Application has been made to the London Stock Exchange for 11,650,979 Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 11 August 2009. These shares will rank pari passu in all respects with the existing issued Ordinary Shares in the Company. The total issued share capital of VOG following this allotment will be 744,859,732 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury and so the total number of voting rights in the Company is 744,859,732.

 

For further information, please contact:

Victoria Oil & Gas Plc - Tel: +44 (0) 20 7921 8820                         

George Donne / Kevin Foo                

Strand Partners Limited - Tel: +44 (0) 20 7409 3494

Simon Raggett / Angela Peace

Fox-Davies Capital - Tel: +44 (0) 20 7936 5220

Daniel Fox-Davies / Oliver Stansfield

Conduit PR - Tel: +44 (0) 20 7429 6607                              

Jonathan Charles / Ed Portman