Victoria Oil & Gas, whose wholly-owned subsidiary, Gaz du Cameroun (‘GDC’), is an onshore gas producer and distributor with operations in Douala, Cameroon, has presented a brief operations update for the second quarter of 2021 to shareholders.

For Sales, the average daily gross gas sales rate for the quarter was 5.4 MMscf/d (Q1 21: 5.2 MMscf/d), including gross condensate sales of 4,468 bbls (Q1 21: 5,357 bbls).

On La-108’s performance, the well produced a total of 0.467 Bcf before being shut-in to allow for a pressure build-up (“PBU”). The remaining wells are capable of meeting present demand.

On Matanda, well planning is still going on, and tendering for long-lead goods, as well as crucial equipment and services, has begun.

Roy Kelly, Chief Executive of Victoria Oil & Gas, commented: “We are very pleased that the team has delivered another solid quarter during which some customers increased organic demand, although we are conscious that we are now heading into August which is usually a slower month. Operationally, I am delighted to report that in June GDC passed one million man-hours without a single Lost Time Incident, a credit to all the staff and contractors.

We are considering adding perforations to well La-108, more than doubling the net pay, and this is being discussed with partners. Such is the depth and pressure difference between the top and bottom of the reservoir that perforating must be done in two stages. Adding perforations could increase the well’s productivity, reduce the overall water cut and of course allow us to access all of the well’s connected gas volumes.

We look forward to updating shareholders in due course on our various workstreams.”