Victoria Oil & Gas plc (LON:VOG) gas well on the outskirts of Cameroon’s second city of Douala is expected to be a “significant” producer, according to the company’s chief executive Ahmet Dik. His comments accompanied a drilling update in which it was confirmed La-107 had successfully reached its target depth of 3,180 metres.

In doing so it encountered an additional 23 metres of net gas sand since the last update. It brings to the total in the lower and upper Logbaba formations to 58 metres. A liner has been run and cemented to case off well and flow tests are planned with the aim of getting the well producing by the end of September.

CEO Dik said: “Target depth has been reached at La-107 and the well has been cased and is expected to be a substantial producer. “New gas supply is expected to come online during the third quarter and this should allow [us] to finalise contracts with high usage customers we have been in discussion with over the past months.

“It is very satisfying to have over 50 metres of net gas sands in La-107 ‘behind pipe’ and I would like to congratulate the drilling team on the safe delivery of this well.”

Source: Proactiveinvestors