Victoria Oil & Gas Plc is engaged in the exploration and development of oil and gas projects in the Former Soviet Union and Africa. The Company has an exploration project in Russia and a development and appraisal project in Cameroon. The Company is also pursuing the reclaim of its title to a producing asset in Kazakhstan. The Company�s assets are 60% of the Logbaba gas field in Cameroon, the West Medvezhye gas project in Siberia and the Kemerkol oil field in Kazakhstan. Logbaba is located in the northern Douala Basin within the eastern suburbs of Douala. West Medvezhye is situated in the Yamal-Nenetsk region of Siberia. Kemerkol lies in the Atyrau Oblast of Western Kazakhstan, close to a number of producing oil and gas fields. This deposit of 65 square kilometer licence has oil reserves and resources of C1-8.7 million barrels (Mmbbl), C2-26.3 Mmbbl, C3-25.1 Mmbbl.