Victoria Oil & Gas Plc said a well in Cameroon had struck natural gas.
Preliminary analysis of logs from the well, called La-108, indicated that 84.5m net gas sands had been encountered in the Logbaba Formation, exceeding pre-drill expectations.
"La-108 has now successfully reached target depth, which is an excellent result for the company with over 84.5m of net gas sands encountered," chief executive Ahmet Dik
"This net pay exceeds those of the successful La-107 well, brought into production during September."
At 9:33am: (LON:VOG) Victoria Oil Gas PLC share price was +1.88p at 57.88p