REMINDER http://66.102.9.132/search?q=cache:MIY15McHlYsJ:www.growthcompany.co.uk/news/459601/bramlin-hails-cameroon-prospects.thtml+LOGBABA/CAMEROON&cd=2&hl=en&ct=clnk Bramlin hails Cameroon prospects
07/08/2008 Robert Tyerman
Reduce text size Decrease text size Increase text size Increase text size Print article Print Share this article Share Email article to a friend Email Natural gas play Bramlin suggests Cameroons Logbaba project could be generating 60,000 daily cash flow in a years time.

The product of a reversal of energy hopeful Rodeo Resources into AIM shell Bramlin, the company, run by former Rodeo partner Jim Ford, has 60 per cent of the Logbaba natural gas project, near Douala, the port city and economic capital of Cameroon, one of West Africas more stable and trouble-free states. Current estimates put the companys net attributable reserves there in a range from a proven 300,000 barrels of condensates and other liquids and 7.9 billion cubic feet of gas to a proven, probable and possible total of 4.5 million barrels of liquids and nearly 124 billion cubic feet of gas.

Ford, whose fellow directors include Rodeo partners and former ex-Soviet Union-focused resource entrepreneurs Kevin Foo and Bill Kelleher, claims a net present value of 25 million for the project, based on two wells starting to produce at a daily rate of four million cubic feet of gas from late 2009. That is the same as the estimated capital cost of putting Logbaba into production and before further exploration in the surrounding territory.

Bramlin is presently negotiating with local industries, from breweries and food processors to chemical groups and steel works, over supplying gas to them at $16 (8) per million btus (British Thermal Units). He says that would be significantly cheaper than their present fuel sources, while still profitable for Bramlin.

Ford says he also hopes to convince American Electrical Services, which is building an 88-megawatt power station near Daoula, that Bramlin can eventually build up production at Logbaba to supply 25 million cubic feet a day to the power station, when it is built, at a still-profitable $6.25 per million btus. He argues that would be less than a third of currently projected costs.

Bramlin also hopes to probe wells abandoned in the 1950s by former prospector the Elf group, which had hoped for oil, not gas. Ford speculates these could conceivably hold more than a trillion cubic feet of gas.

Bramlin will at some point need more funding for Logbaba. But if results show the long-term possibilities sketched out by directors look realistic, the shares, at 12.5p down from 30p December, should outperform several sector peers.

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Reduce text size Decrease text size Increase text size Increase text size Print article Print Share this article Share Email article to a friend Email Sector: Oil & Gas Producers
Companies: Bramlin

Yes very good "copy and paste" so far, but that is all.

Although something is going on on the volume side during the last week and mainly on Friday

VOG have their logo plastered at the bottom on every single page of the Cameroon CIEW conference website starting on 20th Jan

http://www.camenergywater.com/indexEN.html

Also our operations officer is speaking on the second day alongside Cameroons national oil company (SNH). All good PR and a chance to expedite license me thinks...

Temu


Thursday 21st January 2010
08.45 Chairman opening remarks

09.00 - 10.30 Session 5: Upstream Oil & gas Cameroon Opportunities

Update on Cameroon E&P sector (policy, exploration and production)
EOR to increase production from mature fields
Development strategy/options for Offshore Cameroon
Incentives for the exploration and production of natural gas
Delivering Social and local content responsibilities

Speakers:
Radwan Hadi, Chief Operating Officer, Victoria Oil & Gas Plc
Paul Ngii Nag, Head of Gas, SNH
Serge-Edouard Angoua, Senior Representative, SNH
Paul Poulallion, Directeur Gal,

THURSDAY UPDATE.Thursday 21st January 2010 http://www.camenergywater.com/html/threepageone.html

08.45 Chairman opening remarks

09.00 - 10.30 Session 5: Upstream Oil & gas Cameroon Opportunities

Update on Cameroon E&P sector (policy, exploration and production)
EOR to increase production from mature fields
Development strategy/options for Offshore Cameroon
Incentives for the exploration and production of natural gas
Delivering Social and local content responsibilities
Chairperson: Jean Pierre Kedi, Permanent Secretary, Ministry of Mines Industries & Technological Developments

Speakers:

Radwan Hadi, Chief Operating Officer, Victoria Oil & Gas Plc
Paul Ngii Nag, Head of Gas, SNH
Serge-Edouard Angoua, Senior Representative, SNH
Paul Poulallion, Directeur Gal, SINERGIA E DESENVOLVIMENTO LTDA