StockMarketWire.com - Victoria Oil & Gas has provided an update on the "challenging" two well drilling programme at its Logbaba gas production site, located in the industrial port city of Douala, Cameroon.

"Our success so far on La-107 in securing 35m of gas-bearing reservoir sands in the Upper Logbaba is very positive news. We shall continue drilling and completion work on La-107 through to production, before moving back to drilling and completing La-108," said CEO Ahmet Dik.

"The net sands encountered so far of 135m in both wells is very encouraging, especially when compared to the 54m of net sands encountered in our primary production well La-105, so our focus is getting all gas "behind pipe" and into production within Q3.

"This is a challenging drilling program, with two deep, high-pressure, high-temperature wells that have been slow and expensive to drill. Our drilling team have worked tirelessly to drill below 2,000m, a depth where only a handful of wells have been successfully drilled in the Douala Basin."

Highlights:

- Net sands encountered so far of 100m in La-108 and 35m in La-107 have exceeded expectations

- Drilling to continue and is expected to increase net pays of both wells

- 300m high-pressure flowline from the La-107 well head to the gas processing plant has been installed

- Flow testing and production from La-107 is expected in Q3 2017






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