- Victoria Oil & Gas Plc has achieved successful flow tests and first production gas from the Logbaba La-107 well.

The well reached a target depth of 3,180m, encountering a total of 58m of net gas bearing sands.

Testing of the well achieved a maximum flowrate of 54 mmscf/d through a 70/64ths inch choke and 146mmscf/d of Absolute Open Flow potential.

"These flow tests exceeded our expectations and La-107 is considered a production well," chief executive Ahmet Dik said.

"We can now move to finalise long term gas supply contracts with high volume customers."

At 10:06am: [LON:VOG] Victoria Oil Gas PLC share price was +6.75p at 70.25p

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