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Additional information
Additional Information
Market: AIM
Sector: Oil and Gas Exploration and Production
Epic: VOG
News: Latest news
Web Site: Victoria Oil & Gas
Other Articles: 18-08-201022-07-201005-05-2010

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Thursday September 09, 04:08Amphion’s Unique Approach to Innovation

Contributor Jon Mainwaring looks at Amphion Innovations, which works closely with select band of cutting-edge pre-IPO companies.

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Thursday September 09, 04:51Enbridge invests up to $24m in U.S. Geothermal's Neal Hot Springs project in Oregon

"This investment is our initial entry into geothermal energy, which we think has an important role to play in North America's shift toward a greener energy production mix," said Enbridge president and CEO Patrick D. Daniel.

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Wednesday September 08, 05:12MetroCoal re-affirms Columboola coal Resource yet to be completed

Emerging coal-focused energy company MetroCoal (ASX: MTE) has clarified that it has not completed any resource estimate or report on its Columboola Project area in Queensland's Surat Basin.

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Victoria Oil & Gas

Victoria Oil & Gas

Victoria is an independent oil and gas exploration and production company with projects in Africa and the FSU. The Company’s principal assets are 60% of the Logbaba gas and condensate project in Cameroon and 100% of the West Medvezhye gas field in Siberia, Russia. Logbaba is located in Douala, the economic capital of Cameroon. West Medvezhye is situated in the prolific Yamal-Nenetsk hydrocarbon region in Siberia.

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Tuesday, January 19, 2010

Victoria Oil & Gas encounters 65 ft sandstone pay at Logbaba natural gas project, indicates potentia

Victoria Oil & Gas (AIM: VOG) said logs at well La-105 at its Logbaba gas and condensate project in Cameroon indicated at least 65 feet of very good quality sandstone pay with additional potential of further 260 feet.

Open-hole logs have been run at La-105 and the well has been cased with a production liner between 5,950 and  8,750 feet. The well is set to be completed for production testing in this quarter.

The rig will be moved about eight metres to the adjacent surface location on the Logbaba drilling pad and the La-106 appraisal and development well will be spudded in February to target the productive sands of the Logbaba formation, twinning La-101, which blew out in 1955 when drilled by Elf SEREPCA after encountering the overpressured gas sands.

During the blowout, La-101 produced an estimated 0.9 bcf (billion cubic feet) of natural gas over 38 days before being under control.

“Well La-105 continues to provide excellent results. The logs show us that the well will be able to produce more than sufficient gas to meet the demands of the local industrial customers that we have signed up. With La-106 spudding in a matter of weeks, the project is getting closer to first gas sales,” said Chairman of Victoria Oil & Gas Kevin Foo.

Earlier this month, the company said well La-105 had encountered multiple gas bearing sands at depths between 6,017 ft and 8,330 ft that could be correlated to those found and tested in the nearby well La-103, which flowed at rates from 5 to 12 mmcf/d (million cubic feet per day) of gas from individual sands when drilled in 1956.

The proven and probable reserves for Logbaba are currently estimated at 106 billion cubic feet. GeoDynamics Research (GDR) is currently commencing a passive seismic spectroscopy survey over the entire license area, which will take measurements of 50 locations around the field to identify hydrocarbon bearing areas. Initial findings of the survey are expected by mid-January this year.

VOG also develops the West Medvezhye gas field in Russia, planning a second passive seismic spectroscopy study over a large area of the northern and eastern section of the licence block this year.

Fox-Davies Capital reiterated its “buy” recommendation for the stock and raised its target price to 8 pence from 7 pence at the beginning of January.

Shares in the company rallied 8% to 5.2 pence on the news this morning.

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