OilVoice - Victoria Oil & Gas Provides Update on Kemerkol Legal Claim

Victoria Oil & Gas Provides Update on Kemerkol Legal Claim

Monday, March 16, 2009

Highlights

- The General Prosecutor of the Republic of Kazakhstan has supported VOG’s application against the unfounded dispute of its ownership of the Kemerkol oil field in Kazakhstan
- A formal letter of complaint has been written by the General Prosecutor to the Supervisory Panel of the Atyrau Oblast Court stipulating that the case be reconsidered by the Economic Court of Kazakhstan

The Board of Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration company, announces that the General Prosecutor of the Republic of Kazakhstan (“the General Prosecutor”) has supported the Company’s appeal against the claim made against its ownership of the Kemerkol oil field as previously announced on 25 April 2008.

After assessing the particulars of the claim and VECA’s subsequent appeals, the General Prosecutor has issued a formal letter of protest to the Supervisory Panel of the Atyrau Oblast Court demanding cancellation of the court decision. This will mean that, VOG’s ownership of Kemerkol will be restored and the case will be sent back to the Economic Court for reconsideration.

Commenting on the General Prosecutor’s support, Kevin Foo, Chairman of VOG, said today, “The support of the General Prosecutor further endorses the legitimacy of our ownership of Kemerkol and we now expect the Courts to dismiss this fraudulent case and allow us to recommence activity at Kemerkol. We will provide further information in due course.”

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