Victoria Oil & Gas Plc: Change of Accounting Reference Date
OREANDA-NEWS. Victoria Oil & Gas Plc announces that it has changed its accounting reference date from 31 May to 31 December.
As a result of this change, the Company's reporting calendar will be as follows:
- Unaudited interim accounts for the six month period from 1 June 2015 to 30 November 2015, to be announced by the end of February 2016; and
- Audited annual accounts for a shorter seven month period from 31 May to 31 December 2015 to be announced by the end of May 2016.
Thereafter, interim and annual reports will be published each year for the six months to 30 June and 12 months to 31 December in accordance with the AIM Rules.
The Board considers that the change of the accounting reference date will align VOG’s reporting timetable with its operating subsidiary Gaz du Cameroun S.A. (“GDC”), and better reflect the seasonal nature of GDC’s gas sales profile.
The Board does not foresee any material financial implications on the Group as a result of the change in accounting reference date of the Company, nor is there any other matter of significance that needs to be brought to the attention of the shareholders of the Company in this regard.