3rd Jul 2020 13:09
Victoria Oil & Gas PLC - London-based gas producer & distributor - Has terminated the gas supply agreement with ENEO Cameroon SA due to ENEO's failure to pay USD16 million owed to Victoria Oil's wholly-owned subsidiary Gaz du Cameroun SA. States it will "rigorously pursue" the unpaid debt through the available legal channels, including a penalty payment of three months' fees as a result of termination as per the signed term sheet.
Current stock price: 3.30 pence
Year-to-date change: down 49%
By Ife Taiwo; [email protected]
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