Victoria Oil & Gas Plc notes the result of the General Meeting of Bowleven plc (“Bowleven”), requisitioned by Crown Ocean Capital P1 Ltd (“COC”), convened in Edinburgh on 14 March 2017 and announced this morning, which has resulted in several changes to the Bowleven board.
VOG shareholders are also referred to the joint announcement by VOG and Bowleven on the 6 March 2017 which summarised the Farm-Out Agreement (“Agreement”) signed between Victoria Oil & Gas Plc and Euroil Limited, a wholly owned subsidiary of Bowleven.
Specifically, as set out in the detail of the conditions precedent to closing of the proposed Farm-Out, it should be noted that only VOG has the option to terminate the Agreement as a result of Bowleven’s General Meeting yesterday and resultant changes to its board.
VOG continues to look forward to developing the Bomono project with Bowleven and will shortly be in contact with the board of Bowleven in this respect.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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