Pril Vog Gb00brwr3752 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Settlement with Eneo Cameroon S.A. ( Eneo )
Victoria Oil & Gas Plc, whose wholly owned subsidiary, Gaz du Cameroun S.A. ( GDC ), is the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, is pleased to provide shareholders with an update on a settlement agreement with Eneo.
On 16 April 2021, GDC signed a settlement agreement with Eneo which will result in the payment of the gross amount to GDC, within 30 days of the signing, of approximately 2.74 billion FCFA (Central African CFA franc) (circa US$5 million). This settlement relates to the Take-or-Pay invoices for October, November and December 2019 plus associated interest. During this period for which Take-or-Pay invoices were issued, gas was not being supplied to Eneo because there was no demand. ....

Central African Republic , United Kingdom , City Of , Central African , Billy Clegg Nick Hennis , Roy Kelly Rob Collins , Rory Murphy James , Troy Kelly , Mark Percy Toby Gibbs , London Stock Exchange , Strand Hanson Limited , Victoria Oil Gas Plc , Victoria Oil Gas , Financial Conduct Authority , Shore Capital Stockbrokers Limited Broker , Gas Plc , Annual Accounts , Interim Statement , Chief Executive , Market Abuse , Hanson Limited , Capital Stockbrokers Limited , Toby Gibbs , Nick Hennis , London Stock , Primary Information Provider ,