29th Oct 2014 08:31
LONDON (Alliance News) - Victoria Oil & Gas PLC shares rose Wednesday after the company said 678 metres of gas pipe have been successfully laid under the Wouri River in Cameroon.
The pipe has been laid to the northern Bonaberi shore in Douala, the Cameroon industrial city, and will be connected to the first customers in the area once testing has been completed.
Following the extension to the network by Gaz du Cameroun, three customers are now signed up with gas supply agreements in place, Victoria said.
Shares in Victoria were up 5.9% to 1.424 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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