Victoria Oil & Gas - Re: VOG Stream Log - Beaufort's note out this morning:...

Beaufort's note out this morning: "VOG performed strongly in the seven months ended 31st December 2015, with robust revenue resulting in its first profit. Gas sold during the period nearly doubled, supported by solid demand in Douala, Cameroon and the surrounding areas. VOG’s robust operating cash flows have helped it lower debt levels. The acquisition of 75% interest in Matanda block would help the company to further enhance its position in Cameroon; the area is 60 times the current licence area of Logbaba and is estimated to hold P50 gas-in-place volume of 1.8 tcf and 136 mmbbl of condensate. The funding received after the reporting period would allow Gaz du Cameroun (GDC) to complete its 2016 capital expansion programme without recourse to any equity funding. Going forward, VOG aims to increase profit for 2016 by increasing revenue and reducing operational and corporate expenses. We are encouraged by the company’s progress and anticipate further positive developments. Therefore..." - it's out on Research Tree