- Victoria Oil & Gas downgraded its production guidance following the closure of two power plants in Cameroon.

The company said it boosted gross gas sold in the fourth quarter to 726m standard cubic feet, up 11% on-year.

Supply projections would be significantly impacted if ENEO Cameroon didn't place its Logbaba and Bassa power stations back online during 2018.

Consequently, the company revised its year-end production targets to 13mmscf per day if Logbaba and Bassa were back online by the second quarter, and 9mmscf per day if they remained offline.

At 9:51am: [LON:VOG] Victoria Oil Gas PLC share price was -2.15p at 34.25p

Story provided by