A SNIPPET

in a trading update from AIM-listed Victoria Oil & Gas (VOG) reveals it is the target of legal action by Cameroon Holdings Limited (CHL) – because VOG suspended a royalty payment from its Logbaba gas project in Cameroon to CHL.

VOG has a 35 per cent interest in CHL, but 43 per cent of it is owned indirectly by HJ Resources Limited – a company ultimately controlled by VOG’s former chief executive Kevin Foo and his family.

Foo was booted out in April – a condition of new funding from investors, who were unhappy with the royalty deal. Now, it seems Foo is not happy about the deal ending – having pocketed millions since it started in 2009. jamie.nimmo@mailonsunday.co.uk