Victoria Oil & Gas appoints commercial director after George Donne takes 12 month leave

Victoria Oil & Gas (AIM: VOG) announced that George Donne is taking a 12 month leave of absence and is stepping down from his position as executive director to “pursue his passion for hiking and mountaineering,” while Jonathan Scott-Barrett will join the management as commercial director, reporting to the board.

Donne will leave the board at the end of March.

“Over the past five years, George has been instrumental in building VOG into an internationally diversified exploration company. He now wishes to pursue his passion for hiking and mountaineering and on behalf of the board, I would like to thank George for his very valuable contribution to the company and wish him a safe return,” said chairman of VOG Kevin Foo.

VOG said that Scott-Barrett has guided a number of small companies through to exploration phase and into production. The company expects to make further technical and administrative appointments “in due course” as the company transitions into an established producer.

Earlier this month the company extended its exploration permit for the Logbaba gas field in Cameroon for a further six months after tests at the Lower Logbaba and Upper Logbaba D sands returned production rates that the company said were sufficient to satisfy industrial demand in Douala, the country's largest port with 2 million inhabitants.

VOG now intends to reassess the 104 bcf (billion cubic feet) proven and probable gas reserves estimate made in 2008.

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