Cameroon: VOG looks to new markets after Eneo setback


Issue 367 - 20 Apr 2018 | 2 minute read

Victoria Oil & Gas (VOG) remains in informal talks with Bowleven despite the termination of a farm-out agreement for the Bomono gas permit, and both sides are hopeful that a solution can be found. Announcing its H1 results on 29 March, Bowleven said the farm-out transaction terminated on 31 December 2017 following the parties’ inability to meet a number of conditions, including regulatory approval. The Bomono farm-out was announced shortly before Bowleven’s previous management was ousted by activist shareholder Crown Ocean Capital in March 2017.

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