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Exercise of Warrants

26 Oct 2009

Victoria Oil & Gas Plc, the oil and gas company with assets in Cameroon and the Former Soviet Union, announces today that it shall allot, conditional on admission, a further 4,087,500 ordinary shares of 0.5 pence each in the Company (“Ordinary Shares”).

This allotment is in respect of an exercise of warrants granted to Fox-Davies Capital Limited on 17 June 2009 and 28 August 2009. The warrants have been exercised at 3 pence per share for 4,000,000 shares and at 7 pence per share for 87,500 shares.

These share allotments will rank pari passu in all respects with the existing issued Ordinary Shares in the Company. Application will be made to the London Stock Exchange for these shares to be admitted to AIM and it is expected that dealings will commence on 29 October 2009. The total issued share capital of VOG following this allotment will be 960,832,288  shares. The Company does not hold any ordinary shares in treasury and so the total number of voting rights in the Company is 960,832,288.

 

For further information, please contact:

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

George Donne / Kevin Foo                

 

Strand Hanson 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