VOG Updates on Kemerkol, Logbaba Oil and Gas Projects
Victoria Oil & Gas has provided updates regarding its Kemerkol and Logbaba oil and gas projects.
The Supreme Court of the Republic of Kazakhstan has notified VOG's subsidiary Victoria Energy Central Asia LLP ("VECA") that a preliminary hearing of VECA's appeal against the judgement of the Atyrau Economic Court related to ownership of the Kemerkol oil project has been set for August 27, 2009. This hearing will determine whether the appeal should be sent for formal review. Further updates will be given in due course.
At Logbaba, the drilling rig, which arrived in Douala on July 19, 2009, has been assembled on site and a spudding date of August 31, 2009 for Well 105 has been set. The Company also confirms that mobilization of the rig to site precipitates automatic extension of the exploration license period, which was due to expire on August 18, 2009.
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