Victoria Oil and Gas ‘cash positive’ after first industrial customers in Cameroon

Oil and gas exploration company Victoria Oil and Gas (LON:VOG) says it’s now in a cash positive position after installing gas-fired power generation units ‘gensets’ at four customer sites in Cameroon. Chairman Kevin Foo says the gas-to-power market in Douala is ‘huge’ due to a massive shortfall in supply. The company is “well cashed up”,…