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Application for Share Listing

29 Jul 2011


Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and production company with assets in Cameroon and the FSU, announces the Company has drawn down a further £600,000 of its £10 million Standby Equity Distribution Agreement ('SEDA') with YA Global Master SPV Ltd ('YA'), announced by the Company on 17 June 2009. Under the terms of the SEDA, the Company has allotted, conditional on admission, 14,690,827 ordinary shares of 0.5 pence each in VOG to YA at a price of 4.08 pence per share. This price is calculated by a formula under the terms of the SEDA based on the prevailing market price.


Following this drawdown, an application has been made to the London Stock Exchange for 14,690,827 ordinary shares to be admitted to trading on AIM and it is expected that admission will occur at 8.00 a.m. on 1 August 2011. Following admission, the Company will have 2,153,531,098 ordinary shares in issue. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares.



For further information, please contact:

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

Kevin Foo / Martin Devine 

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

Simon Raggett / Angela Peace

Fox-Davies Capital -                              Tel:  +44 (0) 203 463 5000

Daniel Fox-Davies/ David Porter

Tavistock PR -                                      Tel:  +44 (0) 20 7920 3150

Ed Portman/ Paul Youens

Background Information on Victoria Oil & Gas Plc:

Victoria Oil & Gas is an independent oil and gas exploration and production company with projects in Africa and the FSU. The Company's principal assets are the Logbaba gas and condensate project in Cameroon and the West Medvezhye field in Siberia, Russia. Logbaba is located in Douala, the economic capital of Cameroon. The field was discovered in the 1950s and all four exploration wells encountered gas. The Company drilled two successful development wells in 2009/10. West Medvezhye is situated in the prolific Yamal-Nenetsk hydrocarbon region in Siberia. An independent reserve audit estimated prospective resources for the field of over 1.1 billion barrels of oil equivalent.