Cameroon's Logbaba Gas Operator: Ownership Changes After VOG Sells Parent Company

Gaz du Cameroun (GDC), which produces and distributes natural gas from the Logbaba field in Douala, is no longer controlled by Victoria Oil & Gas Plc (VOG). Since July 29, 2025, Cameroon Holdings Limited (CHL) has indirectly controlled the Cameroonian gas operator after VOG’s administrators sold it all of the group’s shares in Bramlin Limited, GDC’s sole shareholder. The transaction was disclosed in the administrators’ fifth report, signed Sept. 19, 2025, and filed with the U.K.’s Companies House three days later. A sixth report, signed March 19, 2026, and filed April 1, confirms that the full purchase price has been received. VOG says it no longer holds any financial interest in GDC. CFA356.4 million deal included claims worth CFA68.48 billion on the books The total consideration was £470,000, equivalent to about CFA356.4 million at the July 29, 2025, exchange rate. The transaction covered the Bramlin shares and two claims held by VOG: $114.1 million due from Bramlin and $6.3 million due from GDC, equivalent to about CFA64.90 ...