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Additional Listing and Exercise of Warrants

26 Aug 2009

Victoria Oil & Gas Plc, the oil and gas company with assets in Cameroon and the FSU, announces that it has issued a further 31,529,161 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares").

Following the draw down of a further £1,500,000 of its £10 million Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("YA"), announced on 17 June 2009, the Company has allotted 26,996,456 Ordinary Shares to YA at a price o5.6 pence per share. This price is calculated by a formula under the terms of the SEDA based on the prevailing market price and the funds will be used for the development of VOG's Logbaba project in Cameroon. 

A further 3,916,667 new Ordinary Shares have also been issued to Fox-Davies Capital Limited following exercise of warrants granted on 17 June 2009. The Company has also allotted 616,038 Ordinary Shares to employees in lieu of cash salary in accordance with their standard employment contacts at a weighted average month-end market price of 3.7 pence for the six month period ended 31 July 2009.

Application has been made to the London Stock Exchange for 31,529,161 Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 28 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 808,388,895 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury and so the total number of voting rights in the Company is 808,388,895.


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