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Drilling Report

4th Oct 2006 07:20

Victoria Oil & Gas PLC04 October 2006 Victoria Oil & Gas Plc 4 October 2006 Well 103 Update for West Medvezhye Project, Russia Victoria Oil & Gas Plc, the AIM-quoted oil and gas company focused on the FormerSoviet Union, today announces that it has reached target depth of 3,885 metreson Well 103 at its West Medvezhye gas and condensate project and has begun open-hole logging operations. Drilling continued ultimately to a total depth of 3,900metres in order to confirm intersection of the Upper Jurassic horizon. For further information please contact: Kevin Foo / George Donne Leesa Peters/ Laurence ReadVictoria Oil & Gas Plc Conduit PR+44 (0)207 921 8820 +44 (0)207 429 6605 +44 (0)7979 955 923 The information in this release has been reviewed by William Kelleher, SPE, whois a qualified person for the purposes of the AIM Guidance Note for Mining, Oiland Gas Companies. Mr. Kelleher is Managing Director of Victoria Oil & Gas Plc,is qualified as a petroleum engineer and has over 26 years experience in oil andgas exploration and production. This information is provided by RNS The company news service from the London Stock Exchange

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