Victoria Oil and Gas Application for Share Listing

Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and production company with assets in Cameroon and the FSU, announces the Company has drawn down a further £600,000 of its £10 million Standby Equity Distribution Agreement (‘SEDA’) with YA Global Master SPV Ltd (‘YA’), announced by the Company on 17 June 2009. Under the terms of the SEDA, the Company has allotted, conditional on admission, 14,690,827 ordinary shares of 0.5 pence each in VOG to YA at a price of 4.08 pence per share. This price is calculated by a formula under the terms of the SEDA based on the prevailing market price.

Following this drawdown, an application has been made to the London Stock Exchange for 14,690,827 ordinary shares to be admitted to trading on AIM and it is expected that admission will occur at 8.00 a.m. on 1 August 2011. Following admission, the Company will have 2,153,531,098 ordinary shares in issue. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares.

Source www.victoriaoilandgas.com

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