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Victoria Oil & Gas preparing latest Logbaba well for production

The recently drilling La-108 well is expected to be in production by mid-December
oil and gas operations
It’s December 1 and VOG is now getting ready to put up the (production) tree.

Victoria Oil & Gas PLC (LON:VOG) has completed drilling operations for the La-108 well at the Logbaba gas field in Cameroon, after electrical problems were rectified.

A production tree will soon be installed prior to testing and the production well’s start-up, the company said in a statement on Friday.

READ: Victoria Oil & Gas reveals better-than-expected Logbaba-8 well result

The company expects to start flow testing during December, with production due to start by mid-December.

In a note to clients today, analysts at joint house broker Shore Capital commented: “As the dominant gas producer in the Douala region, VOG is targeting delivery of 100mmcfd by the end of 2021 and, ahead of the release of flow test results from La-108, we continue to believe that VOG is superbly positioned to achieve this objective, given the strong results currently being achieved at the flagship Logbaba field.”

In late afternoon trading VOG shares were 0.9%, or 0.5p lower at 52.5p.

  -- Adds analyst comment, share price --

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