Victoria Oil & Gas says independent draft report is finished
Victoria Oil & Gas (VOG) announced that Deloitte has finished its draft report on the costs of the Logbaba gas project in Cameroon.
Victoria Oil & Gas
3.85p
00:39 02/12/22
Deloitte was appointed by VOG and RSM Production Corporation to independently review the RSM participation interest share of expenses from the Logbaba project.
A process of review is now on-going. Once a final determination is reached by Deloitte, whose decision is final, the outcome will be announced to investors, the company explained.
Last year, RMS was charged $4.1m by a court because it did not automatically forfeit its interest in the licence of the Logbaba project, which is Victoria’s core asset.
Shares were up 5.66% to 1.4p on Monday at 13:04.