Victoria Oil and Gas: Appointment of Director

OREANDA-NEWS. The Board of Directors of VOG is pleased to announce the appointment of Ahmet Dik as a Director of the Company, and Chief Executive Officer of Gaz du Cameroun S.A. (“GDC”) with effect from 27 October 2015.

Ahmet, who is a lawyer by profession, has been involved with VOG for the past two years and was instrumental in concluding the terms with ENEO Cameroon S.A., an agreement that has delivered significant production expansion to GDC and secured the first commercial take-or-pay contracts for the Company. Ahmet has also played a vital role in leading commercial teams within GDC and VOG as part of the Company’s next stage of expansion.

Previously, Ahmet has worked on the structuring and delivery of a wide range of oil and gas, minerals, resources and infrastructure projects and was part of the senior management team at Dominion Petroleum Ltd, an AIM-listed company, in 2007, working on the acquisition of its East African assets. Dominion was subsequently sold to Ophir Energy Plc. Primarily his work has been with major corporates, governments and sovereign wealth funds focussed on Africa and the Middle East. As an originator of large scale projects, Ahmet has been involved in setting up corporate structures, raising funds at all levels and listing of companies on a number of stock exchanges.

Commenting today Ahmet Dik said: “Having worked with GDC it is clear that our priority is to drive forward its production to maximise our opportunities in Cameroon. GDC is a proven commercial success within Cameroon. There are a number of different gas supply markets we can now access but to address these, we will need increased production. My task for the next eighteen months is to ensure that new gas supply is efficiently delivered and that GDC develops a gas supply profile that is balanced between customer types and also contributing to shareholder value over the longer term.”

Kevin Foo, Chairman, said: “I am delighted that Ahmet has joined us following his invaluable work over the last two years as we have delivered extensive commercial success from our gas operations in Cameroon. Ahmet’s all round technical, legal and people skills make him an excellent person to lead GDC and in due course VOG, into the next stage of development.”

The information included below is required under Schedule Two Part (g) of the AIM Rules for Companies:

Ahmet Dik (aged 42)

There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.