VOG.L Regulatory News (VOG)

4 April 2019

Victoria Oil & Gas Plc

("VOG" or the "Company")

Appointment of Independent Non-Executive Directors

The Company is pleased to announce the appointment of two Independent Non-Executive Directors to the Board. John Daniel and John Knight bring with them a wealth of experience and expertise to strengthen the Board:

John Knight

John Knight has worked in the global Oil & Gas industry over the past 35 years. From 2002 to 2018, Mr Knight held various leadership roles and board positions at Equinor (formerly known as Statoil ASA), the Norwegian-based developing oil, gas, wind and solar energy company with projects in more than 30 countries worldwide. Since his departure from Equinor, Mr Knight has been a Senior Partner at HitecVision, one of world's largest oil and gas private equity funds. Mr. Knight began his career in commercial law and investment banking at various large institutions, including Shell International Petroleum, Chase Manhattan Bank, UBS and Salomon Brothers Inc. He holds a MA in Law from Emmanuel College, University of Cambridge and was a Barrister called at Middle Temple.

Additional Information on Mr Knight

The following additional information on Mr Knight is provided pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.

Mr Knight does not hold any interest in the Company's ordinary shares.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.

John Daniel

John Daniel has 35 years of experience in the upstream oil and gas sector, including roles within operations, exploration management and business development. In November 2017, Mr. Daniel founded JD Oil and Gas Consultancy Limited, an independent oil and gas consultancy, specialising in technical and commercial due diligence for upstream oil and gas transactions. Prior to this, between 2011 and 2017, Mr Daniel was Technical Director at Kerogen Capital (UK) Limited, a Private Equity fund specialising in upstream oil and gas investments. In addition, Mr. Daniel held senior positions in exploration at Conoco, Lasmo and Ranger Oil, and in business development at Marathon Oil Company, MND Exploration and Production Limited and Sasol Petroleum International. Mr. Daniel has a MSc in Petroleum Geology from Imperial College, London and a BSc in Geology from Sheffield University. He is a Fellow of the Geological Society and a member of the PESGB.

Mr. Daniel does not hold any interest in the Company's ordinary shares.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.

Roger Kennedy, Executive Chairman of VOG commented:

"These appointments, combined with the recent fundraising, allow the Company to leave behind a challenging year and focus on implementing our strategy, optimizing our operations in Cameroon, and increasing shareholder value. We welcome John Knight and John Daniel, with their wealth of contacts, experience and knowledge, and look forward to working with them."

For further information, please visit www.victoriaoilandgas.com or contact: 

Victoria Oil & Gas Plc

Kate Baldwin Tel: +44 (0) 20 7921 8820

Strand Hanson Limited (Nominated and Financial Adviser)

Rory Murphy / Stuart Faulkner / Ritchie Balmer Tel: +44 (0) 20 7409 3494

Shore Capital Stockbrokers Limited (Joint Broker)

Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 207 408 4090

Jerry Keen (corporate broking)

FirstEnergy Capital LLP (Joint Broker)

Jonathan Wright / David van Erp Tel: +44 (0) 207 448 0200

Camarco (Financial PR)

Billy Clegg Tel: +44 (0) 203 757 4983

Nick Hennis Tel: +44 (0) 203 781 8330

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.