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Bomono Farm-out Extension

28 Sep 2017

 

On 6 March 2017 Victoria Oil & Gas Plc, a Cameroon energy utility, announced that the Company and Bowleven Oil & Gas Plc (“Bowleven”), the African focused oil and gas exploration company, had signed a farm-out agreement (“the Agreement”) relating to the Bomono production sharing contract.

The Company is pleased to confirm that discussions regarding the Agreement are progressing and Bowleven and VOG continue to work with the Government of Cameroon to advance the Bomono project. Consequently, VOG has elected to exercise its option to extend the termination date of the Agreement to 31 December 2017.

Further details on the Agreement are set out in the RNS made by the Company on 6 March 2017.