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Victoria Oil & Gas-The Information & News Thread (VOG)     

banjomick - 07 Jan 2015 21:01

                M6eXo3LF_400x400.png       gaz-du-cameroun-logo-1.jpg                                                                        
Victoria Oil & Gas Plc (Victoria) has become a significant domestic energy supplier in Africa through its wholly owned subsidiary: Gaz du Cameroun S. A. (GDC).
With operations located in the industrial port-city of Douala, Cameroon, customers are converting their operations to take natural gas supplied by our production wells and pipeline infrastructure.
GDC is the sole gas supplier in the area, providing a cheaper, more efficient, reliable, and cleaner energy alternative to Heavy Fuel Oil use.
Our teams of engineering advisors are on hand to help customer’s cost and implement the change to GDC’s energy products.

Victoria Oil & Gas is traded in the NEX Exchange HERE

Chart.aspx?Provider=Intra&Code=VOG&Size=400&Skin=RedWhite&Scale=0&Type=2&Cycle=MINUTE1&Layout=Intra;IntraDate&E&Ind=VOLMA(60);&Layout=Intra;IntraDate&E=UK&YFormat=&XCycle=Hour2&Fix=1&SV=0Chart.aspx?Provider=EODIntra&Code=VOG&Size=400&Skin=BlackBlue&Type=2&Scale=0&Cycle=DAY1&Span=YEAR1&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=

Link-HISTORICAL NEWS,VIDEO/AUDIO & EVENTS

Link-Dedicated Posts for:
Gaz du Cameroun S.A. (“GDC”)
Gaz Du Cameroun Matanda S.A. ("GDC Matanda")
Gaz du Cameroun Bomono S.A. ("GDC Bomono")


Link-Cameroon-Industrialisation Master Plan (PDI) & Africa Energy


NEWS

16th Feb 2018 Q4 17 Operations Update & 2018 Outlook Replacement
05th Jan 2018 Gas Supply Contract with ENEO Not Extended
02nd Jan 2017 Bomono Farm Out Extension
21st Dec 2017 Year End Customer Supply Update 2017
20th Dec 2017 La-108 Well Test Result Ahead of Expectations
01st Dec 2017 Logbaba Drilling Update - La-108 Well Completion
13th Nov 2017 Result of General Meeting ("GM")
08th Nov 2017 Logbaba Update - La-108 Reaches Target Depth
25th Oct 2017 Proposed Placing and Subscription to raise between US$20 to US$26 million and Open Offer to raise up to US$3.0 million
28th Sep 2017 NTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2017
28th Sep 2017 Bomono Farm-out Extension
26th Sep 2017 Successful Flow Tests and First Production Gas from Logbaba Well La-107
17th Aug 2017 Logbaba Drilling Update
31st Jul 2017 Q2 2017 Operations Update


VIDEO/AUDIO

22nd Apr 2018 Video from 21/04/2018 UK Investor Show
16th Feb 2018 Victoria Oil & Gas confident of positive outcome to ENEO issue
08th Nov 2017 Victoria Oil & Gas reports very pleasing initial results from La-108
31st Oct 2017 21 Oil and Gas - African Power Panel
30th Oct 2017 121 Oil & Gas Investment
26th Oct 2017 Victoria Oil & Gas raises US$23.5mln to accelerate new growth programme
26th Sep 2017 Victoria Oil & Gas to finalise long term supply contracts after first gas at LA-107
17th Aug 2017 Victoria Oil & Gas expecting La-107 to be a 'substantial' producer
16th Apr 2017 Video from 01/04/2017 UK Investor Show
13th Apr 2017 'It's been a terrific year and a great quarter', says Victoria Oil & Gas' Kevin Foo
06th Mar 2017 Farm-out deal 'a really good strategic move' for Victoria Oil & Gas, says chairman Kevin Foo
06th Feb 2017 Chairman runs Proactive through the good start to 2017

EVENTS

10th May 2018 Africa Oil & Power Investor Forum-London
21st Apr 2018 UK Investor Show
11th-12th Apr 2018 Africa Investment Exchange: Gas (AIX: Gas 2018)-London
09th-10th Nov 2017 The Cameroon Investment Forum(CIF)-Cameroon
30th-31st Oct 2017 121 Oil & Gas Investment-London
23rd-27th Oct 2017 Africa Oil Week 2017-Cape Town South Africa
07th Sep 2017 One2One Investor Forum - London
05th Sep 2017 Oil Capital Conference-London
28th Jun 2017 Annual General Meeting
01st Apr 2017 UK Investor Show
9th Feb 2017 Presentation slide show for One2One
9th Feb 2017 One2One Investor Forum - London

Social Media
facebook-logo1.jpg    twitter_logo_right.jpg youtube_logo_small_Cropped.jpg

banjomick - 07 Jan 2015 21:01 - 3 of 612

Natural Gas Information

1cf = 1 cubic feet

1scf = 1 standard cubic feet which is a value using "Standard" conditions ie air pressure, temperature and humidity and is known/pronounced 'one scuff'.


1 barrel of oil equivalent equals 5,612 cubic feet of natural gas


********************************************************
The U.S. Energy Information Administration (EIA)

C — equals one hundred (100).
Ccf — equals the volume of 100 cubic feet (cf) of natural gas.
M — equals one thousand (1,000).
MM — equals one million (1,000,000).
Mcf — equals the volume of 1,000 cubic feet (cf) of natural gas.
MMBtu — equals 1,000,000 British thermal units (Btu). (One Btu is the heat required to raise the temperature of one pound of water by one degree Fahrenheit.)
Therm — One therm equals 100,000 Btu, or 0.10 MMBtu.

In 2013, the average heat content of natural gas for the residential, commercial, and industrial sectors was about 1,025 Btu per cf; one Ccf = 102,500 Btu or 1.025 therms; one Mcf = 1.025 MMBtu or 10.25 therms.

***********************************************
Units of Measure

MMBTU – One million British Thermal Units or BTUs. Natural gas is generally bought and sold in MMBTUs and future prices are generally quoted in this unit of measure.

Therm – 1 Therm = 100,000 BTUs

SCF – Standard Cubic Foot is one cubic foot of gas at standard temperature and pressure (60 degrees F and sea level). Since both temperature and air pressure affect the energy content of a cubic foot of natural gas, the SCF is a way of standardizing. One SCF = 1020 BTUs.

MCF – An MCF is 1,000 cubic feet. One MCF = 1,020,000 btu’s. People often round to say that one MCF is the same as an MMBTU but one MCF is actually 1.02 MMBTUs.

BCF/TCF – Billion/Trillion Cubic Feet.

*********************************************

Metric abbreviations Oil

bbl - barrel
mbbl - thousand barrels
mmbbl - million barrels
boe - barrels of oil equivalent

Equivalent measurements are based upon:
1 barrel equals 0.134 tonnes of oil (33 degrees API)
1 barrel equals 42 US gallons
1 barrel equals 0.159 standard cubic metres
1 barrel of oil equivalent equals 1 barrel of crude oil
1 barrel of oil equivalent equals 159 standard cubic metres of natural gas
1 barrel of oil equivalent equals 5,612 cubic feet of natural gas
1 cubic metre of natural gas equals 1 standard cubic metre of natural gas
1,000 standard cubic meter gas equals 1 standard cubic meter oil equivalent
1,000 standard cubic metres of natural gas equals 6.29 boe
1 standard cubic foot equals 0.0283 standard cubic metres

Definitions

The therm (symbol thm) is a non-SI unit of heat energy equal to 100,000 British thermal units (BTU). It is approximately the energy equivalent of burning 100 cubic feet (often referred to as 1 CCF) of natural gas.

Therm (EC) ≡ 100,000 BTUIT
= 105,506,000 joules
≈ 29.3072222 kWh
The therm (EC) is often used by engineers in the US.

Therm (US) ≡ 100,000 BTU59°F
= 105,480,400 joules
≈ 29.3001111 kWh.Therm (UK)
= 105,505,585.257 348 joules[3]
≈ 29.30710701583 kWh

banjomick - 07 Jan 2015 21:01 - 4 of 612

Securities in Issue
Number of shares in issue: 145,059,728
Percentage of shares not in public hands: 3.26%
Free Float: 96.74%

Holdings of Significant Shareholders
As of November 2017 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:

Forest Nominees Limited (GC1)---------6,635,305-------4.574%
Majedie Asset Management Ltd---------6,154,761-------4.243%

http://www.victoriaoilandgas.com/investors/share-information
*********************************************************
Securities in Issue
Number of shares in issue: 110,571,762
Percentage of shares not in public hands: 4.01%
Free Float: 95.99%

Holdings of Significant Shareholders

As of September 2017 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:

Forest Nominees Limited (GC1)---------6,635,305-------6.001%
Majedie Asset Management Ltd---------6,154,761-------5.566%
**********************************************************

Securities in Issue

Number of shares in issue: 110,571,762

Percentage of shares not in public hands: 3.90%

Free Float: 96.10%

Holdings of Significant Shareholders

As of June 2017 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:

Name------------------------------------Number of Shares--------% of share capital

Majedie Asset Management Ltd----------- 6,154,761-----------------5.566%
Forest Nominees Limited (GC1)----------- 5,541,000-----------------5.011%
***************************************************
Securities in Issue

Number of shares in issue: 110,571,762

Percentage of shares not in public hands: 3.90%

Free Float: 96.10%

Holdings of Significant Shareholders

As of June 2017 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:

Name------------------------------------Number of Shares--------% of share capital

Majedie Asset Management Ltd----------- 6,154,761-----------------5.566%
Forest Nominees Limited (GC1)----------- 5,541,000-----------------5.011%
The Capital Group Companies, Inc-------- 4,815,758-----------------4.355%
*******************************************************
Securities in Issue

Number of shares in issue: 110,193,098

Percentage of shares not in public hands: 3.90%

Free Float: 96.10%

Holdings of Significant Shareholders

As of April 2017 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:

Name------------------------------------Number of Shares--------% of share capital

Majedie Asset Management Ltd----------- 6,154,761-----------------5.585%
Forest Nominees Limited (GC1)----------- 5,541,000-----------------5.028%
The Capital Group Companies, Inc-------- 4,815,758-----------------4.370%

******************************************************
Securities in Issue

Number of shares in issue: 110,193,098

Percentage of shares not in public hands: 3.90%

Free Float: 96.10%

Holdings of Significant Shareholders

As of December 2016 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:

Name------------------------------------Number of Shares--------% of share capital

The Capital Group Companies, Inc--------6,966,560------------------6.322%
GB Trustees Limited------------------------4,383,595------------------3.978%

**********************************************************
Securities in Issue

Number of shares in issue: 109,495,262

Percentage of shares not in public hands: 4.53%

Free Float: 95.47%


Holdings of Significant Shareholders

As of November 2015 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:

Name------------------------------------Number of Shares--------% of share capital

The Capital Group Companies, Inc--------6,966,560------------------ 6.362%
Forest Nominees Limited-------------------3,614,992------------------3.302%

******************************************************
Securities in Issue

Number of shares in issue: 109,153,336

Percentage of shares not in public hands: 4.53%

Free Float: 95.47%


Holdings of Significant Shareholders

As of May 2015 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:


Name------------------------------------Number of Shares--------% of share capital

The Capital Group Companies, Inc---------6,966,560---------------- 6.382%

******************************************************
Securities in Issue

Number of shares in issue: 108,713,809

Percentage of shares not in public hands: 4.90%

Free Float: 95.10%


Holdings of Significant Shareholders

As of March 2015 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:


Name------------------------------------Number of Shares--------% of share capital

The Capital Group Companies, Inc--------6,966,560------------------6.408%
GB Trustees Limited------------------------3,268,100-----------------3.006%


Capital Reorganisation

At the Annual General Meeting held on 26 November 2014, shareholder approval was received for a consolidation and sub-division of the Company’s share capital (“Capital Reorganisation”). The Capital Reorganisation was implemented effective 27 November 2014 and the shareholders received one consolidated ordinary share of 20 pence for existing 40 ordinary shares of 0.5 pence (“Consolidation”). Immediately following the Consolidation, each consolidated ordinary share was subdivided into one new ordinary share of 0.5 pence and one new deferred share of 19.5 pence. Prior to the Capital Reorganisation, the Company’s ordinary share capital consisted of 4,348,552,329 ordinary shares of 0.5 pence, and subsequent to the Capital Reorganisation, the Company’s ordinary share capital consists of 108,713,809 ordinary shares of 0.5 pence with voting rights listed on AIM and 108,713,809 deferred shares of 19.5 pence with no voting rights. (include a cross reference link to the 2014 AGM sub heading where the shareholder circular and the FAQs are available)

On 27 November 2014, 108,713,809 ordinary shares of 0.5 pence the new shares were admitted to trading on AIM.

******************************************************

Securities in Issue

Number of shares in issue: 108,713,809

Percentage of shares not in public hands: 4.90%

Free Float: 95.10%


Holdings of Significant Shareholders

As of 27 November 2014 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:



Name------------------------------------Number of Shares--------% of share capital

The Capital Group Companies, Inc--------6,966,560------------------6.408%
GB Trustees Limited------------------------3,268,100-----------------3.006%

HARRYCAT - 07 Jan 2015 21:08 - 5 of 612

Why? There is already a thread running which provides historic detail and can easily be updated.

banjomick - 07 Jan 2015 21:11 - 6 of 612

Evening HARRYCAT, haven't visited here for years so just practicing. Just use the original thread.

banjomick - 08 Jan 2015 07:49 - 7 of 612

08 January 2015

Victoria Oil & Gas Plc

$6.4m balance of $10.1m Cash Call Received from RSM


Victoria Oil & Gas Plc announces that further to the announcement made on 11 December 2014, the balance of US$6,433,306 of the cash call of US$10.1m has been received from RSM Production Corporation ("RSM").

This payment relates to the Logbaba Gas Project in Cameroon. Following this payment RSM has now met its share of costs up to 1 February 2014.

RSM is an affiliate of Grynberg Petroleum Company of Denver, Colorado and holds a 40% interest in the Logbaba Gas Project.

http://www.moneyam.com/action/news/showArticle?id=4954898

banjomick - 13 Jan 2015 07:59 - 8 of 612

HISTORICAL


NEWS


04th Jul 2017 Update on Logbaba Participation Agreement and Bomono Project
28th Jun 2017 Result of Annual General Meeting ("AGM")
28th Jun 2017 Logbaba Drilling Update
26th Jun 2017 ENEO Gas Supply Extension, Douala Cameroon
21st Jun 2017 Update re significant shareholder
08th Jun 2017 PDMR Shareholding Deferred Shares Bonus Awards
08th Jun 2017 Issue of Shares in Lieu of Bonus (Employees)
05th Jun 2017 Annual Report & Accounts for the year-ended 31 December 2016
26th May 2017 Preliminary Results for the year ended 31 December 2016
27th Apr 2017 ENEO Gas Supply, Cameroon Update on Contract Renewal
13th Apr 2017 Q1 2017 Operations Update
06th Mar 2017 Bomono farm-out transaction agreed between Bowleven and Victoria Oil & Gas
03rd Feb 2017 Q4 2016 Operations Update
23rd Dec 2016 Thermal Customer Connections and Drilling Update, Cameroon
28th Nov 2016 Batch Drilling of Two Wells Underway, Cameroon
02nd Nov 2016 Logbaba Development Wells Spudded
27th Oct 2016 Q3 2016 Operations Update
08th Sep 2016 Reserve Bonus and 1.2% Contingent Payment Agreements Extinguished
26th Aug 2016 RSM and VOG Arbitration
08th Aug 2016 Appointment of Joint Broker
26th Jul 2016 Q2 2016 Operations Update
14th Jul 2016 Directorate Changes
29th Jun 2016 AGM Presentation
29th Jun 2016 Drilling Rig Arrival at Douala Port, Cameroon
06th Jun 2016 Report & Accounts December 2015
31st May 2016 Results for the seven-month period ended 31 December 2015
31st May 2016 Directorate Changes
19th Apr 2016 Q1 2016 Operations Update (pdf)
13th Apr 2016 US$26m Debt Facility Secured (pdf)
07th Apr 2016 Secures Government Approval for 75% interest Matanda Block in Cameroon
29th Feb 2016 Interim Report
18th Feb 2016 Interest in Matanda Block in Cameroon
28th Jan 2016 2016 Operations Outlook
20th Jan 2016 Q4 2015 Operations Update

05th Nov 2015 Q3 2015 Operations Update
04th Nov 2015 2015 Annual Report
28th Oct 2015 Preliminary Results for year ended 31 May 2015
28th Oct 2015 Appointment of Director
18th Sep 2015 Energy Company of the Year (Small Cap)
07th Sep 2015 SPD Ltd has confirmed it has entered into a Well Project Management Contract with Gaz du Cameroun
23rd Jul 2015 Q2 2015 Operations Update
11th Jun 2015 Application for Listing of shares
08th Jun 2015 New Thermal Gas Connections and Production Update, Cameroon
27th May 2015 Gas Plant Purchase from Expro, Cameroon
23rd Apr 2015 ENEO's Logbaba Power Station Online and Production Increase
20th Apr 2015 Updated Victoria Oil and Gas Factsheet
17th Apr 2015 Production Update
23rd Mar 2015 First Power Online at Bassa Power Station, Cameroon
09th Mar 2015 GDC-ENEO Pipeline Installation and Genset Update, Cameroon
27th Feb 2015 INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 NOVEMBER 2014
02nd Feb 2015 Gas in Pipeline Pressurised to ENEO Power Stations, Cameroon
19th Jan 2015 Gas Pipeline Reaches ENEO Power Stations
08th Jan 2015 $6.4m balance of $10.1m Cash Call Received from RSM

29th Dec 2014 Major Gas Sales Agreement Signed With ENEO Cameroon
26th Nov 2014 AGM Presentation

VIDEO

26th Jul 2016 Kevin Foo cheers “a great quarter”
14th Jul 2016 New director Roger Kennedy will help "rebrand" the company
14th Apr 2016 Victoria Oil & Gas' Foo says GDC expansion and new wells should be mostly financed by cashflow
19th Feb 2016 Does it make sense to buy oil assets with the price of crude so low?
18th Feb 2016 Victoria Oil & Gas' chairman "very excited" about Matanda block
22nd Jan 2016 Managing the commodities slump-Kevin Foo
20th Jan 2016 Victoria Oil & Gas chair confident of production performance in 2016
5th Jan 2016 GDC Intergrated Gas Supply Chain, Cameroon
28th Oct 2015 Victoria Oil & Gas chairman confident of more success in Cameroon
23rd Jul 2015 Victoria Oil & Gas “beginning to look at new projects” – chairman
20th Jul 2015 Installation Film on ENEO, Gas Fired Genset Connections H1 2015
03rd May 2015 VOG Presentation UK Investor Show April 2015(Video)
23rd Apr 2015 Victoria Oil & Gas has ‘turned the corner’ – chairman
30th Oct 2014 Victoria Oil & Gas chairman Foo on ‘unconstrained’ gas market in Cameroon
20th Oct 2014 Victoria Oil & Gas looks to build a new market now the Bonaberi pipe has been laid
09th Jun 2014 Vict.Oil&Gas 'cash positive' after first industrial customers in Cameroon
28th Feb 2014 "On the Ground in Douala" - Operations Film
18th Dec 2013 Presidential Visit and Launch of Gaz du Cameroun NEW
02nd Dec 2013 Victoria Oil & Gas ready to fill fuel demand shortage in Cameroon
16th Oct 2013 Victoria Oil & Gas chief charts a path to profitability

EVENTS

30th Nov 2015 Annual General Meeting
17th Sep 2015 Petroleum Economist Awards (pdf file)
03rd May 2015 VOG Presentation UK Investor Show April 2015(Video)
28th Apr 2015 Inauguration of Logbaba & Bassa Power Plants
20th Apr 2015 VOG Presentation UK Investor Show April 2015
18th Apr 2015 UK Investor Show

banjomick - 16 Jan 2015 10:21 - 9 of 612

Recap with some links

Major Gas Sales Agreement Signed With ENEO Cameroon
29 Dec 2014


Highlights

•Major gas sales agreement signed with ENEO
•Gas to be supplied to Logbaba(30MW) and Bassa (20MW) power stations under a two year contract at a fixed price of US$9/mmbtu
•Gas consumption to generate 50MW is 10.1mmscf/d of which minimum take or pay component is 90% in dry season and 30% in wet season
•ENEO's schedule requires 50MW of power to be online by end Q1 2015
•Total GDC gas production for 2015 expected to average 10.4 mmscf/d

Victoria Oil & Gas Plc, today announces that it's wholly owned subsidiary Gaz du Cameroun S.A. ("GDC") has signed a legally binding term sheet with ENEO Cameroon S.A ("ENEO"), Cameroon's integrated utility Company, to supply gas to two power stations located in the city of Douala ("The Agreement").GDC has also signed a legally binding term sheet with ENEO and Altaaqa Alternative Solutions Projects DWC-LLC ("Altaaqa") a United Arab Emirates equipment supply company. Altaaqa will provide power generation equipment and has responsibility for importing and installing the Gensets at the Douala power stations. GDC will work with Altaaqa to make the initial gas connections.

vog_jpeg_final.jpg

*********************************************************************
May 2011 AfDB, IFC, FMO Invest €66 Million in Dibamba Power Company in Cameroon
March 2008 EXECUTIVE SUMMARY
January 2008 Dibamba Power Project-88MW Thermal Power Plant & 90kV Transmission Line


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9odV6-T1_400x400.jpg


banjomick - 19 Jan 2015 08:03 - 10 of 612

19 January 2015

Victoria Oil & Gas Plc

Gas Pipeline Reaches ENEO Power Stations



Victoria Oil & Gas Plc announces that Gaz du Cameroun ("GDC") has completed laying pipeline to the boundaries of the ENEO Power Station properties at Bassa and Logbaba ahead of schedule. The 20 MW Bassa Power Station is located 0.3km from our operating northern pipeline and the 30 MW Logbaba Power Station is located 1.3km along the proposed eastern leg off our main line. The pipeline is currently under test and it is anticipated that testing will be completed by the end of this week.

ENEO requires both power stations to be on line and delivering 50MW by the end of Q1 2015 and GDC anticipates that it will complete all of its deliverables before that deadline.

GDC signed binding term sheets with ENEO in December 2014 to supply gas at minimum take or pay levels of 9mmscf/d in the January-June dry season and 3mmscf/d in the July-December wet season. The Agreement with ENEO is a major gas supply contract for VOG in terms of scale and profitability with guaranteed minimum take or pay gas consumption at a fixed US$9/mmbtu over the two year contract term. The contract can be extended by mutual agreement.

http://www.moneyam.com/action/news/showArticle?id=4960553

banjomick - 19 Jan 2015 10:25 - 11 of 612

Northland Capital Partners View

Victoria Oil & Gas (LON:VOG) : Logbaba Update

Market Cap: £59.25m; Current Price: 54.5p


•Progress towards supplying power stations with Logbaba gas at end of Q115
•Victoria’s subsidiary Gaz du Cameroun (GDC) completed laying pipeline to boundaries of ENEO Power Stations, the 20MW Bass Power station and the 30 MW Logbaba Power station ahead of schedule.
•The pipeline is currently under test and this is expected to be completed by the end of the week.
•Both stations are required to be online delivering 50MW of combined power by the end of Q115 and it is anticipated that GDC will complete its deliverables ahead of schedule.
•ENEO signed a two year take or pay agreement for an average of 6mmcf/d at $9/mmscf/d.



NORTHLAND CAPITAL PARTNERS VIEW: This is a significant milestone for Victoria’s 60% owned Logbaba gas project that should see 9mmscf/d gas delivered from January to June and 3mmscf/d delivered July to December. Offtake price of $9/mmscf/d compares very favourably to world gas prices and is around the value of a barrel of oil in equivalency terms. After several years of delays, the project looks like it is on its way to delivering on its potential.

http://www.proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/17623/northland-capital-partners-view-on-the-city-victoria-oil-gas-sunrise-resources-thorntons-and-stratex-international-17623.html

banjomick - 19 Jan 2015 12:00 - 12 of 612

By SP Angel
January 19 2015, 9:30am

Victoria Oil & Gas (LON:VOG) – Gathering the Pace

Today's news that the connection of ENEO Cameroon’s Douala generating facility is on schedule is the latest in a string of positive events that have reversed the fortunes of the Company, from perennial under achiever, and on the verge of squandering its first mover advantage in the development of the Douala gas markets, to one that has not only started to deliver on the original promise, but in doing to, securing its longer term future.

While there are still obstacles to overcome, the Company is on the home stretch and the accumulated experience it has gathered over the last 18 months is resulting in the "on time and on budget" delivery of what arguably is the Company's largest and highest profile customer to date.

For us, the next steps will be the acquisition of the gas plant, and the strengthening of the balance sheet, which will also provide the Company with flexibility for securing the financial resources for drilling the follow up HTHP (High Temperature/High Pressure) well in to the Logbaba accumulation.

What the current operating environment for the Company also does, in conjunction with the current oil price, is provide it with the opportunity to invest in further assets, which in turn shores up the longer term outlook for the Company.

http://www.proactiveinvestors.co.uk/columns/sp-angel/17625/sp-angel-morning-oil-gas-oilex-victoria-oil-gas-and-meo-australia-17625.html

banjomick - 20 Jan 2015 17:42 - 13 of 612

Edit-last paragraph possibly lost in translation?

Translated by Google:

Cameroon: Eneo should soon turn to gas, two of its power plants in Douala
Tuesday, January 20, 2015

(Ecofin Agency) - Energy of Cameroon (Eneo), the company in charge of the electrical energy in Cameroon will soon produce from the gas in its thermal power Bassa and Logbaba, the city located in Douala ( economic capital), which will allow it to reduce the operating costs of these units.

The information has not been provided by the company itself, but has been inferred by Ecofin agency, an announcement January 19, 2015 by Victoria Oil & Gas, the British junior mining majority shareholder of Gas of Cameroon (GDC). In this ad VOG explained to investors in the London Stock Exchange where it is listed, it has completed the connection of advance relevant sites on time. "The pipelines are currently in the testing phase and it is expected that it ends by the end of the week. Eneo wished that these plants are connected and can produce 50 megawatts of electricity by the end of the first quarter of 2015. GDC now expects that these objectives will be achieved before this period, "it said in the statement.

Gas for Cameroon, the case is as a great opportunity to increase its revenues. The contract with Eneo, which is mainly controlled by the British investment fund Actis, short of two years renewable, and is the delivery cubic foot 9 million standards per day during the dry season period from January to December and 3 million standard cubic feet per day for the less dry period from July to December.

The operation is even more advantageous for Eneo. The company should reduce the cost of electricity production from these two plants, to the extent that the bill paid gases Cameroon, for every kilowatt of equivalence consumed gas will be 15.35 FCFA. A price much more comfortable than the 110 FCFA per kilowatt need pay for production in heavy oil.

With ongoing work on Song Loulou's main power plant and the dry season which promises to Cameroon, the announcement of Victoria Oil and Gas will not be happy on the London Stock Exchange. Households and firms Douala should have a lighter dry period. The unknown is now whether Eneo production gains be reflected on customer bills associated with these production units

energies-logo.png


EDIT



banniere_cameroun.jpg

banjomick - 30 Jan 2015 17:13 - 14 of 612

Dangote group opens 3rd cement factory
Friday, 30 January 2015 14:39

(Business in Cameroon) - The cement factory built on the banks of the Wouri River by Nigerian billionaire Aliko Dangote (an investment of 50 billion FCFA) will start production in the next few days and will also start selling its cement on the Cameroonian market within that timeframe. This was the assurance given by project head, Baba Abduhallï.



The latter indicated that the cement factory has already received raw materials, particularly clinker and gypsum as well as pozzolan produced from a 27-hectare quarry in Tombel (south-west region) that Dangote has been approved to mine for another 5 years.

Ahead of its production launch, the cement factory has been conducting tests on its equipment for several weeks now. With the start of activities, Dangote Cement Cameroon intends to produce 1.5 million tonnes of cement which will bring national production to approximately 3.6 million tonnes, including the 500,000 tonnes produced by Moroccan company Cimaf and Lafarge subsidiary Cimencam’s 1.6 million tonnes.

Initially slated to be launched in January 2014, then August, then October 2014, Cameroon’s 3rd cement factory has experienced delays which Dangote Group officials have attributed to “congestion at Douala Port, which slowed the import of equipment for the factory’s construction.” At first, the Dangote cement factory will employ 77 Cameroonians, 11 expatriates and around 250 temporary workers each month.

http://www.businessincameroon.com/development/3001-5239-dangote-group-opens-3rd-cement-factory

banjomick - 02 Feb 2015 07:57 - 15 of 612

Victoria Oil & Gas PLC (AIM:VOG)

2 February 2015


Gas in Pipeline Pressurised to ENEO Power Stations, Cameroon




Victoria Oil & Gas Plc announces that Gaz du Cameroun S.A. ("GDC"), its wholly owned subsidiary, has successfully completed pipeline pressure testing up to the boundaries of the Bassa and Logbaba power stations located in the port-city of Douala, Cameroon. GDC will now commence installing pressure reduction and metering units at both stations.



The next significant phase of the project involves the delivery and installation of gas fired power generation sets ("Gensets") to the power stations. The Gensets are being shipped to Cameroon by Altaaqa Alternative Solutions Projects DWC-LLC ("Altaaqa"). Upon arrival in Douala, ENEO Cameroon S.A. ("ENEO"), Cameroon's power utility company, will take responsibility for expediting the Gensets through the port to both power plants. Once the Gensets are on site, Altaaqa will install and commission the Gensets at Bassa and Logbaba.



ENEO requires both power stations to be on line and delivering 50MW by the end of Q1 2015, and GDC is on target to complete all of its deliverables before that deadline. Following commissioning of the Gensets, GDC's obligation will be to supply gas to the 20MW and 30MW power stations in Douala. All operations and maintenance responsibilities for the Gensets remain with Altaaqa and ENEO.



GDC signed binding term sheets with ENEO on 24 December 2014 to supply gas with guaranteed minimum take or pay levels of 9mmscf/d in the January-June dry season and 3mmscf/d in the July-December wet season. The agreement with ENEO is a major gas supply contract for GDC in terms of scale and profitability at a fixed $9/mmbtu over the two year contract term. The contract can be extended by mutual agreement.

http://www.moneyam.com/action/news/showArticle?id=4969137

banjomick - 02 Feb 2015 10:31 - 16 of 612

Victoria Oil completes pressure tests for Douala power stations
By Philip Whiterow
February 02 2015, 9:06am

Victoria Oil & Gas’s (LON:VOG) Cameroon subsidiary Gaz de Cameroun (GDC) is ready to install pressure reduction and metering units at two power stations in Douala after successful pipeline testing.

After that, the next step will be the delivery and installation of the gas-fired power generation sets to the Bassa and Logbaba stations. The two stations will run on gas supplied by Victoria’s 60% owned Logbaba gas field.

Local power supplier ENEO Cameroon requires both power stations to be on line and delivering 50Mw by the end of this quarter and Victoria today again said it is on track to meet the target.

Following commissioning, GDC will supply the gas to the 20MW and 30MW power stations. The contract will see GDC receive a fixed $9/mmbtu for gas supplied over an initial two year contract term.

69060_163846843643689_7687549_n.jpg?oh=1

Also:

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banjomick - 03 Feb 2015 14:21 - 17 of 612

1947996_844892635583602_5627677544456578

http://www.businessincameroon.com/pdf/BC24.pdf

banjomick - 04 Feb 2015 17:52 - 18 of 612

Gas in pipeline pressurised to Eneo Power Stations
Adapted from press release by Hannah Priestley-Eaton
Published on 04/02/2015

Victoria Oil & Gas Plc has announced that Gaz du Cameroun S.A. (GDC), its wholly owned subsidiary, has successfully completed pipeline pressure testing up to the boundaries of the Bassa and Logbaba power stations located in the port-city of Douala, Cameroon. GDC will now commence installing pressure reduction and metering units at both stations.

The next significant phase of the project involves the delivery and installation of gas fired power generation sets (Gensets) to the power stations. The Gensets are being shipped to Cameroon by Altaaqa Alternative Solutions Projects DWC-LLC ("ltaaqa). Upon arrival in Douala, ENEO Cameroon S.A., Cameroon's power utility company, will take responsibility for expediting the Gensets through the port to both power plants. Once the Gensets are on site, Altaaqa will install and commission the Gensets at Bassa and Logbaba.

ENEO requires both power stations to be on line and delivering 50MW by the end of Q1 2015, and GDC is on target to complete all of its deliverables before that deadline. Following commissioning of the Gensets, GDC’s obligation will be to supply gas to the 20MW and 30MW power stations in Douala. All operations and maintenance responsibilities for the Gensets remain with Altaaqa and ENEO.

GDC signed binding term sheets with ENEO on 24 December 2014 to supply gas with guaranteed minimum take or pay levels of 9 million ft3/d in the January-June dry season and 3 million ft3/d in the July-December wet season. The agreement with ENEO is a major gas supply contract for GDC in terms of scale and profitability at a fixed US$9/million btu over the two year contract term. The contract can be extended by mutual agreement.

pipelines-logo.png

banjomick - 14 Feb 2015 15:56 - 19 of 612

Oil price, Victoria Oil & Gas, Sundry-Ruspetro-Afren, and finally…
Posted on 13 February 2015 by Malcy

Victoria Oil & Gas

The chance to spend some time with Kevin Foo, Chairman and acting CEO of VOG is always time well spent particularly at the moment as he is overseeing the denouement of a long period of investment. VOG is an onshore gas supplier to industrial customers in Cameroon via its business Gaz du Cameroun. What has really made the difference is the signing of the GSA with ENEO, Cameroon’s energy utility company which doubles VOG’s revenue by supplying gas to two power stations that will generate 50 MW and take the gas at $9/mmbtu on a 2 year fixed price contract. There is a difference between supplying gas in the dry and wet seasons but I am led to believe that it will even out in due course.

The point about VOG is that it really is a utility, or as the blurb puts it, ‘an operating African utility’ and with exciting opportunities to drill more wells and with what looks like a massive market out there to aim at, the upside from here seems entirely logical. That market has been using other energy sources which are mainly imported, expensive fuel oils which are neither sufficient for Cameroons needs nor anything like as efficient giving a local gas producer very much an open goal. Cameroon in general and Douala specifically, face a significant energy shortfall and VOG is the sole supplier of gas in an increasingly large central African hub. Whats not to like about being the sole supplier of gas, with a strong cash position, a range of energy products and a good client base in a market crying out for your product? Just as a btw, investors should watch out for Bowleven who will be drilling nearby, if successful there’s plenty of room in this market, as the song should have said ‘this town is big enough for the both of us…’ -

malcys-banner.jpg

About Malcy

Malcolm has over 30 years’ experience in the Oil & Gas sector and is a widely used media source. He often appears in print and on screen, and also writes an acclaimed daily blog read by much of the resources industry as well as investors both institutional and retail.

Malcolm is a Founding Partner of HydroCarbon Capital, which provides independent advisory services to the Oil and Gas sector. He is a Director of the Maven Income and Growth VCT 4 PLC, a venture capital trust listed on the Premium segment of the main market of the London Stock Exchange.

He started his career at Wood Mackenzie in 1979. He was an inaugural member of the No 1 Extel rated James Capel Oil & Gas team and also headed up corporate broking, acting for the Government in sales of British Gas, Britoil and other utilities. Subsequently he became Head of Equities and main board Director at Williams de Broe before moving to Teather & Greenwood. Following that, he ran his own consultancy for several years, acting for a number of quoted and private companies as well as being a board member and advisor. He has been a Director at Noble and then Westhouse Securities and has extensive contacts in the Oil & Gas sector globally. More recently Malcolm has been the lead advisor to an HSBC Zurich trust on oil, gas and energy investments as well as working with the oil team at VSA Capital.

http://www.malcysblog.com/about/

banjomick - 14 Feb 2015 16:08 - 20 of 612

Chart.aspx?Provider=EODIntra&Code=VOG&Si

banjomick - 18 Feb 2015 15:55 - 21 of 612

Central Africa-General energy situation:

Central Africa Bets On Regional Solution to Energy Shortages, Poverty

http://allafrica.com/stories/201502180408.html
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