Victoria is an independent oil and gas exploration and production company with projects in Africa and the FSU. The Company's principal assets are 60% of the Logbaba gas and condensate project in Cameroon and 100% of the West Medvezhye gas field in Siberia, Russia. Logbaba is located in Douala, the economic capital of Cameroon. The field was discovered in the 1950s and all four exploration wells flowed gas at rates of up to 62Mmcf/d. West Medvezhye is situated in the prolific Yamal-Nenetsk hydrocarbon region in Siberia. An independent reserve audit estimated prospective resources for West Med of over 1.1 BnBOE.

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