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

Link-HISTORICAL NEWS,VIDEO/AUDIO & EVENTS

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

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

NEWS

21st Jan 2019 Production Update
17th Jan 2019 Q4 2018 Operations Update
02nd Jan 2019 Presidential Decree on Matanda Received
24th Dec 2018 Renewal of Long-Term Gas Supply Contract with ENEO
28th Sep 2018 INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2018
17th Aug 2018 Q2 2018 Operations Update
22nd Jun 2018 Report and Accounts to 31 December 2017
14th Jun 2018 Restructure of the BGFI Debt Facility
04th Jun 2018 Notice of Annual General Meeting
04th June 2018 Logbaba Field Reserves Update
24th May 2018 Q1 2018 Operations and Outlook
16th Feb 2018 Q4 17 Operations Update & 2018 Outlook Replacement
05th Jan 2018 Gas Supply Contract with ENEO Not Extended



VIDEO/AUDIO

21st Jan 2019 Victoria Oil & Gas looks ahead to increased cash flow
24th Aug 2018 Victoria Oil & Gas confident of resolving ENEO contract 'within weeks'
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

28th Jun 2018 Annual General Meeting ("AGM")
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
    

Gas Cameroon expanded its customer portfolio with three major industrial units
Monday, June 8, 2015



Gas Cameroon SA (GDC) has expanded its customer base with three important industrial companies. This is Dangote Cement SA Cameroon, New Foods and Industrial Company of Cameroon Cacaos SA (Sic Cacaos) whose gas supply started after their placing on the GDC distribution network.

Victoria Oil & Gas Plc, a British company that owns 100% GDC, announced on 8 June 2015, the introduction into its network in these industries that are well past heavy fuel oil regime to that of natural gas, which represent, in all, an excess consumption of 0.7 million standard cubic feet (mmscf) per day.

The arrival of these new customers comes at a time when GDC has completed the purchase of Expro Worldwide BV treatment plant gas Logbaba and tripled the average production. Indeed, GDF achieved an average natural gas production of 12.4 mmscf per day in May 2015, after a level of 11.3 mmscf in April, 5.5 mmscf in March, in February and 4.4 mmscf 4.0 mmscf in January. "We welcome the arrival of Dangote, New Foods and Sic Cacaos as important new consumers of thermal energy to GDC," commented Kevin Foo (pictured), executive chairman of GDC.

In his opinion, this is the "confirmation that industries will expand their activities when they have the guarantee of the constant supply of energy without having to store or transport."

According to the oil and gas listed in London, Dangote Cement for construction of a cement plant of 1.5 million tonnes per year represents a growth potential. The very good opportunity to play is also made ​​as to the entry into its customer New Foods and Sic Cacaos, respectively subsidiaries of Barry Callebaut Fokou and groups.

Highlighted is the Logbaba power plant that VOG supplies with gas:

Cameroon: Power Rationing - Over Seven More Days for Blackouts
8 June 2015
By Christopher Jator

On-going power blackouts in Cameroon's economic powerhouse, Douala, like in other areas of the country, tell of an uncertain future. What consumers are experiencing is not just power blackout attributed to falling wooden poles, aging infrastructure, and unforeseen technical problems, but a deliberate power rationing imputable to many factors whose root causes are as old as the power utility corporation.

The power utility corporation has promised that blackouts as a result of power rationing will be over in the next seven to ten days. Nana Kountchou, General Manager of the Energy of Cameroon, Eneo, flanked by two directors, addressed a news conference at its Douala-Koumassi office yesterday June 4, 2015, clarifying the public on the on-going power rationing. He assured that the flow rate of Sanaga River has stabilised and storage in the Songloulou Dam will start rising in the next seven to ten days, substantiating his claims with meteorological forecasts that there will be heavy rains within the period.

The reason for programmed blackouts, which started some two weeks ago, is largely due to the drop in the storage of the dam from 1,000 cubic metres to 600 cubic metres. However, as the rains began falling heavily, storage rose to 625 cubic metres by June 3, 2015. Besides ageing infrastructure, there is the on-going replacement of power lines in major parts of Douala. This entails putting in place lines that have the capacity to carry larger amounts of energy. Meanwhile, the Eneo officials urged the public to pray God for more rains to end the present situation. Another measure is that Eneo has negotiated with large consumers like ALUCAM to cut down on power consumption.

According to Ekang Esseing, National President of the Cameroon Association of Electricity and Water Companies, ASEELEC, to promise that blackouts will stop in a week sounds too simplistic. "Power rationing can be avoided if plants like those in Logbaba (Douala) and Kribi are up-to-date and new ones are set up to add sufficient energy to the 1,000 megawatts produced by Eneo. The public must be sensitised to stop wasting energy, like it is in public buildings," Ekang noted.

Eneo and Alucam coordinate their efforts to fight Cameroon’s hydraulic crisis
Wednesday, 10 June 2015

(Business in Cameroon) - Aluminium du Cameroun (Alucam), which consumes over 40% of the electricity produced in Cameroon, has accepted to reduce its consumption during peak hours (which will be equivalent to a decline in production), to mitigate the effects of the hydraulic crisis that Cameroon has been traversing for several weeks. This was announced on June 4, 2015 by Eneo Managing Director, Joel Nana Kontchou.

While thanking Alucam for its gesture of solidarity towards other electricity consumers, the Managing Director of Eneo reiterated that the power outages that companies and households have experienced over several weeks now, are the result of the severe hydraulic crisis. The phenomenon, he explained, is apparent in the substantially lower water levels in the nation’s dams.

For example, Ahmadou Bivoung, Director of the Edéa hydroelectric plant attached to the dam, reveals that the flow of water from Sanaga to Edea was 615 m3/s on June 1, 2015, against 1,398 m3/s on June 1, 2014, which is a 50% decrease. “In 23 years of service, I’ve never seen anything like this,” he stated when attributing “this extraordinary event” to “climate change”.

and VOG get a mention in this article:

Sanaga Sud field boosts gas production in Cameroon to 4.5486 billion cubic metres
Wednesday, 10 June 2015

(Business in Cameroon) - In late April, Cameroon produced 4.5486 billion cubic feet of gas. This figure indicates an increase of 4.77% relative to the same period last year, according to Société nationale des hydrocarbures (SNH).

According to SNH figures, this production is derived mainly from the Sanaga Sud field off the coast of the resort town of Kribi, from which some 3.801 billion cubic feet of gas were extracted over the period in question.

The remaining 747.5 million cubic feet were produced on the Logbaba gas field being mined by British company Victoria Oil & Gas (VOG) in the suburbs of Douala.

11 June 2015
Victoria Oil & Gas Plc
("VOG" or "the Company")

Application for Listing of shares

Victoria Oil & Gas Plc, announces that application has been made for the admission of a total of 439,527 new ordinary shares of 0.5p each ("New Ordinary Shares") to trading on AIM ("Admission"). The New Ordinary Shares have been issued to the following subscibers, who have utilised part of their cash payments due for services provided to the Company, in accordance with the terms of their respective contracts:

· Gallop Solutions International Limited: 125,000 shares at 39.4p per share, as per contract dated 1 May 2014 and 50,000 shares at 68p per share, as per contract dated 15 September 2014. Share entitlement priced as at the contract start date.

· Managing Director, Gaz du Cameroun S.A.: 264,527 shares at 54p per share, as per contract dated 1 August 2013. Shares priced at the volume weighted average share price for the 10 trading days to 31 July 2014.

Admission is expected to become effective and dealings in the New Ordinary Shares are expected to commence at 8.00 a.m. on 16 June 2015. Following Admission, the Company will have 109,153,336 ordinary shares in issue.

The New Ordinary Shares will rank pari passu, in all respects, with the existing ordinary shares. The aforementioned figure of 109,153,336 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in ordinary shares in VOG, under the Financial Conduct Authority's Disclosure and Transparency Rules.

http://www.moneyam.com/action/news/showArticle?id=5054615

General interest:

Indo-Chinese consortium seeks to build two auto assembly plants in Cameroon

(Business in Cameroon) - On June 11, 2015, India based Azad Coach, China’s Gac Gonow and, especially, Yutong, the automobile construction leader in China and the world’s 3rd manufacture, signed an agreement for the construction of two auto assembly plants (trucks and sedans) in Douala and Kribi.

The Indo-Chinese consortium, which has the Cameroon Automobile Industry Company (CAIC) as its local partner, plans to invest around 92 billion FCFA in these projects for which the Cameroonian government will be providing 900 hectares of land in the vicinity of the Kribi deep water port.

The project will benefit from legislation on private investment incentives in Cameroon which grant tax and customs incentives to companies for a period of 5 to 10 years as well as during their installation and production phases. Around 4,620 direct jobs will be created within the framework of these projects during the first 15 years of activity.

http://www.businessincameroon.com/companies/1706-5505-indo-chinese-consortium-seeks-to-build-two-auto-assembly-plants-in-cameroon

A reminder:

Kevin Foo, Executive Chairman, said:

“We welcome Dangote, New Foods and Sic Cacaos as important new thermal customers for GDC. This is confirmation that industries will expand their operations when they can be guaranteed consistent supply of energy without the need for storage or transportation. Gas supply to the Bassa and Logbaba power stations is steady and we are now focussing on additional customers in the Bonaberi industrial area across the Wouri River. Our monthly average gas consumption is triple the February average and we expect to exceed our 10.5mmscf/d target for the calendar year 2015.”

It would seem logical that more companies (like Guinness, Icrafon, SCTB & CAMLAIT have done) will be interested in having their own gensets supplied by VOG's gas.

Cameroon Economy Suffers Through Power Failures
Moki Edwin Kindzeka
June 19, 2015



DOUALA, CAMEROON—
Cameroon’s economy is on its knees as the central African nation suffers its worst power outages since independence.

Huge consignments of goods -- some destined for landlocked countries like Central African Republic, Chad and Sudan -- have been stockpiled at the Douala seaport for more than six weeks.

Cameroon lawmakers are asking for investigations even though the main energy supplier said poor rainfall is to blame.

Cameroonian lawmaker Walang Richard said his country is hurting – and that he is pressing for a parliamentary commission of inquiry into the unreliable power supply.

"If you look at the country today, everybody is crying. We have a giant water project that we are putting on. But immediately the light goes off, there is no water. These are things that are really creating problems," Richard said.

"Take for instance, children who are struggling to write exams and they are reading. Suddenly the light goes off. How do you get a candle by 1, 2, 3 o'clock a.m.?" he asked.

30 percent on the grid

Due to underdevelopment, only 30 percent of the population is connected to the electricity grid.

More than 70 percent of Cameroon's current energy supply comes from traditional biomass fuels and the potential of huge gas reserves remain to be explored.

Cameroon has an estimated 12,000 megawatts of hydroelectric potential, but only a fraction of it has been developed.

Peter Ghogomo, technical director of the nation’s main energy provider, British-owned Energy of Cameroon, ENEO, blames the problems on poor rainfall.

"We have a problem of the poor hydrology. No rains. Many people turn to say, ‘Oh, there is rain in Douala,’ and so on. But the rains in Douala go directly into the sea and do not pass through the (turbines)," Ghogomo said.

He said the company also is performing preventive maintenance on equipment. "We must have to do this preventive maintenance. Better suffer now, so that in future, you will have better quality of service."

But lawmaker Njong Evaristus placed the blame squarely on ENEO management for failing to deliver.

"The paradox about it all is that at the heart of the rains, we are talking about the turbines not turning. It is not true, it is not true. The issue is that of lack of management, the issue is that the equipment is obsolete," Evaristus said.

In the meantime, businesses in the nation’s economic hub said they are suffering as a consequence.

Prince Galega is one of countless Douala businessmen who have been waiting for weeks at the busy port for his container to clear. Because of the outages, he can’t pay and claim his container.

"When you have to pay some of the charges, sometimes you go and they will say there is no power and you have to stop and probably wait for one day or two days, waiting for the current (electricity)," Galega said.

Containers pile up in port

Customs broker Muchi Awah said about 2,500 containers – some destined for countries that depend solely on the Douala seaport – have piled up in the past six weeks.

"Just because of power failure, a container pays just for one day 25,000 Francs. And so if you exceed, just say go about 45 days you count how much you are going to pay, you will not want to think of what you experience at home. ... It has a heavy toll on the economy of the country," Awah said.

Emmanuel Vermo, who repairs imported second-hand cars, said he has also been out of business.

"It is a regrettable situation, I tell you, we are grounded with our machines and we don't know when the lights will be available and when it will not be," Vermo said.

"This completely kills forecast to be sure of how many days we can go through a business transaction," he added.

And while on the subject of gas powered gensets this article may be of interest although not Cameroon specific:

‘Gensets aiding economic growth in Africa’
Friday, 19 June 2015

"In 2014, Nigeria imported a total of 28,678 genset units totalling to US$185.5mn, as per data provided by PowerGen Statistics"

"“The recent discovery of gas fields in East Africa is generating interest in using gas as an electricity feedstock instead of diesel. Since the running costs of gas generators are lower than diesel generators, market participants stand to be increasingly affected by this development,” research firm Frost & Sullivan indicates."

Continued growth in genset markets

The sales of products in the global generator market have been particularly strong in regions which have an unreliable electricity supply, such as countries in Africa and Asia. There have recently been a large number of power cuts across South Africa and Ghana, which have greatly affected both businesses and individuals operating in these countries.

South Africa has been particularly badly affected by power shortages in recent months, with South African electric public utility Eskom announcing plans for rolling blackouts in order to undertake repair work on several of their damaged generators.

The global generator market is seeing a rise in adverse weather conditions and new and improved generator technologies boost its growth prospects. As the energy infrastructure in developing countries remains poor on the whole it is expected that generators will be required for the foreseeable future.

The rise of natural gas gensets

Natural gas (NG) generator sets (gensets) are reciprocating internal combustion engines that are used worldwide for distributed power production. Despite a short-term slowdown due to volatility in the oil and gas market, the NG genset market is expected to show healthy growth during the next 10 years. As a source of emergency standby, prime, peaking, or continuous power, NG-fuelled gensets are poised for rapid growth, particularly in markets where inexpensive NG is widely available.

Annual natural gas (NG) genset installations are expected to reach 27.2GW by 2024 and generate US$146.8bn in cumulative revenue between 2015 and 2024, according to a report published by Navigant Research.

Gas gensets easily comply with environmental regulations by producing greater amounts of electricity through highly efficient, decentralised natural gas combined heat and power (CHP) systems. Gas property as a clean burning fuel coupled with genset advantages such as lower noise, quicker permit obtention, and reduced capital costs make gas gensets the ideal choice for end users across segments.

This is especially so in emerging countries like in East Africa, which do not have access to adequate reserves of gas and lack the necessary infrastructure to pipe gas from other regions. The widening demand and supply power gap will escalate gas gensets as a source of prime and continuous power. In this scenario, highly flexible generating units with fast response times can provide utilities with a flexible power generation infrastructure, allowing them to make the most of the high electricity prices during hours of peak demand.

Africa a big market

Research by PriceWaterhouseCoopers indicates that worldwide spending in infrastructure will double between now and 2020. This expenditure should grow at between six and seven per cent per year over the next ten years, with faster growth in sub-Saharan Africa estimated at an excess of 10 per cent per year.

To continue reading the rest of this article, please see July edition of African Review

June edition of African Review where the genset section starts on Page 48 and also a two page piece on VOG and the recent inauguration of the Bassa & Logbaba Power Plants:

http://www.africanreview.com/magazine-archives/african-review-june-2015

GB Trustees Limited not mentioned now as they were previously holders of 3.006% before the listing of shares 16 June 2015 announced 11th June 2015 so it's possible they have sold up.

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%

http://www.victoriaoilandgas.com/investors/share-information

General interest-Cameroon energy sector (translated by google)

Cameroon: investment in electricity needs amount to 3.7 trillion CFA francs over 10 years
Monday, 29 June 2015

To exit the energy deficit, which the country lost half a point of economic growth each year, Cameroon will invest 3.7 trillion CFA francs in the electricity sector over the next 10 years, revealed Joël Nana Kontchou (photo) June 26, 2015 in Douala. The CEO of Eneo, concessionaire of the public service electricity in Cameroon, was invited to present the challenges of access to electricity in the country, at the opening of universities Professional Associations of Cameroon (Gicam ).

According to the CEO of Eneo, this overall amount, 2500 billion CFA francs will be invested in the construction of production infrastructure, "for an installed power of 3,000 MW target for 2025", against just over 1,200 MW currently. Transportation meanwhile requires investment of about 700 billion CFA francs. "These amounts will be added to 477 billion of Eneo," as provided in the ten-year investment plan of this company controlled by the British investment fund Actis, said Joel Nana Kontchou.

With these investments, he continued, in 2025, Cameroon will "consider a supply rate of around 75% (against barely 50% currently in urban areas and much less in rural areas, Editor's note), with a reduction of more than 85% of electricity supply interruptions "; and spend "the detestable relief to an electricity exporter status in Central Africa. Eneo is strongly committed to doing its part. The other players must take their share of responsibility ... "

General interest-Cameroon energy sector (translated by google)


In Q3 2015, Eneo will transfer all of Cameroon storage dams to the State
Tuesday, June 30, 2015

Eneo (Energy of Cameroon), a company controlled by the British investment fund Actis, which manages the concession of the public service electricity in Cameroon is preparing to transfer to the State of Cameroon all countries of reservoir dams. These dams Mbakaou, Mape and Bamendjin.

On a combined holding capacity of about 6 billion cubic meters of water, the dams for power generation and Songloulou Edea, the two largest countries of the production infrastructure. This transfer advocated by the reform of the law governing the electricity sector intervened in 2011, will take place in Q3 2015, revealed the general manager of Eneo, Joël Nana Kontchou.

This transfer of the State storage dams will be followed has been learned-through the transfer of all infrastructure of the electricity transmission network, which then mark a decisive step in the creation process, ongoing, of a public company specially dedicated to the electricity transmission activities in the country.

According to Joel Nana Kontchou, after finalization of the reforms triggered by the Cameroon government, "the electricity market will be more fluid and we hope that many investors will choose the path of Cameroon."

As a reminder, according to estimates of the concessionaire of the public service electricity in Cameroon, the country needs investments totaling 3,700 billion CFA francs in the next 10 years to shelter the current deficit.

From the Altaaqa Global website and positive publicity for all concerned:

Altaaqa Global’s Rental Gas Power Plants in Cameroon Go Live
June 30, 2015

Completed in just 21 days and boasting a combined capacity of 50 MW, the temporary gas power plants provide the country with a new reliable and sustainable source of power.

On April 28, Altaaqa Global’s temporary natural gas power plants, with a joint capacity of 50 MW, were inaugurated at the Logbaba power plant site in Douala, Cameroon. The ceremony was attended by Dr Atangana Kouna Basile, Cameroon’s Minister of Water Resources and Energy, members of the government, and senior executives from Eneo Cameroon S.A. – the country’s integrated utility company – and Gaz du Cameroun (GDC), a wholly owned subsidiary of Victoria Oil & Gas (VOG). The rental gas power plants were installed and commissioned within just 21 days from the arrival of the equipment at the intended power plant sites.


Eugene Lee, Construction Director of Eneo, H.E. Atangana Kouna Basile, Cameroon’s Minister of Water Resources and Energy, Majid Zahid, Strategic Director of Altaaqa Global, Kevin Foo, CEO of Victoria Oil & Gas, Joel Nana Kontchou, CEO of Eneo

Collaborative Business Model

The successful completion of the temporary gas power plants stands as a testament to the viability of a synergetic business model featuring contributions from the government, the utility company, the fuel supplier and the equipment provider. The Cameroonian government and Eneo were the clients in this particular project, with Altaaqa Global providing the power generation equipment and taking responsibility for importing and installing the generators at the Logbaba and Ndokoti (Bassa) sites, while GDC supplied the gas to the rental gas power stations at both sites.

Against this backdrop, Peter den Boogert, CEO of Altaaqa Global, said: “We are very proud to have been involved in this project, and to have collaborated with Cameroon’s government, Eneo and GDC. Altaaqa Global is greatly honored to have contributed to Cameroon’s national energy strategy, and to have had the chance to promote the greater good of the Cameroonian nation. The success of this project proves that creating synergy among entities that value service and integrity above their own interests means that anything can be achieved. Here, we have witnessed that as a whole we are greater than the sum of our parts”

The business model also proved to be economically beneficial to the service providers, being referred to as “a true game-changer” by Kevin Foo, CEO of VOG, who continued: “[Through the agreement with Eneo] We have secured a major near-term user of gas for our operations in Cameroon, and we are now becoming an active part of the equation in Cameroon’s energy sector.”

Environmentally Friendly Technology

In addition to the collaborative business model that led to its successful completion, the project can also boast of its environmental stewardship, with the power plants being run on natural gas.

Altaaqa Global installed state-of-the-art gas engine generators at both sites to ensure that the power plants are not only dependable, but also environmentally friendly. In recognition of international emission requirements, which mandate the level of NOx emissions of equipment and industrial operations, Altaaqa Global engineered its gas generators so that an emissions threshold of 250 mg/Nm3 is not exceeded – even without after-treatment.

Speaking on the sustainability of the project, Majid Zahid, Strategic Accounts Director of Altaaqa Global, said: “Our temporary gas power plant systems meet the requirements of worldwide emissions standards and do not harm the environment. These rental gas plants are designed for performance and reliability, while simultaneously being more environmentally friendly compared to systems running on other fuels. Because the generators run on natural gas, they do not require expensive after-treatment, therefore making them more economical to operate owing to more cost-effective fuel prices.” He added that gas systems were more flexible in terms of fuel usage, and would retain their efficiencies even with different fuel varieties.

Cameroon’s Road to Economic Development

Electricity is vital to ensuring the on-going development of economies and industries – especially in emerging countries such as Cameroon. With the successful completion of these temporary gas power plants, the entire country will be provided with a reliable and sustainable source of electricity that will power Cameroon as it works to enhance its infrastructure and construct additional facilities to support its industries.

In this context, Joel Nana Kontchou, CEO of Eneo, said, “This project addresses the shortage in the country’s electricity supply that has been caused by a strong increase in demand, combined with a lack of a reserve in the electricity infrastructure. We are pleased to work with GDC and Altaaqa: Two companies that share our deep commitment to responding to Cameroon’s critical infrastructure needs.”

Cameroon’s economy has weathered the drop in prices among its principal exports – petroleum, cocoa, coffee and cotton – and has remained largely stable in recent years. In 2013, its GDP growth reached 4.9%, and experts predict that, so long as there are strong performances from the construction, oil & gas, transport, telecommunication and hospitality sectors, it will remain at around that level through 2015. Cameroon’s government has been working to promote growth and employment in the country through continuous development of energy, transportation and telecommunications infrastructure, and is also eager to modernize the country’s production equipment and processes – particularly in the agricultural and manufacturing sectors.

About Altaaqa Global
Altaaqa Global, a subsidiary of Zahid Group, has been selected by Caterpillar Inc. to deliver multi-megawatt turnkey temporary power solutions worldwide. The company owns, mobilizes, installs, and operates efficient temporary independent power plants (IPP’s) at customer sites, focusing on the emerging markets of Sub-Sahara Africa, Central Asia, the Indian Subcontinent, Latin America, South East Asia, the Middle East, and North Africa. Offering power rental equipment that will operate with different types of fuel such as diesel, natural gas, or dual-fuel, Altaaqa Global is positioned to rapidly deploy and provide temporary power plant solutions, delivering electricity whenever and wherever it may be needed.

http://www.altaaqaglobal.com

About Zahid Group
Zahid Group represents a diverse range of companies, offering comprehensive, customer-centric solutions in a number of thriving industries. Some of those include construction; mining; oil & gas; agriculture; power, electricity & water generation; material handling; building materials; transportation & logistics; real estate development; travel & tourism; waste management & recycling; and hospitality.

http://www.zahid.com

About Eneo Cameroon S.A.
Cameroon’s long-term electricity operator, Eneo (formerly AES-SONEL) is a semi-public company with 56% shares owned by Actis Group and 44% by the State of Cameroon. Eneo has an installed generation capacity of 968 MW. Its transport network connects 24 substations and includes 1,944.29 km of high voltage lines, 15,081.48 km of medium voltage lines and 15,209.25 km of low voltage lines. Its distribution network consists of 11,450 km of lines of 5.5 to 33 KV and 11,158 km of lines of 220-380 kV. Eneo has more than 973,250 customers, of which approximately 45% live in the cities of Douala and Yaoundé. Eneo employs 3,698 permanent staff.

http://www.eneocameroon.cm

About VOG and GDC
Victoria Oil & Gas (VOG) is an energy utility business and hydrocarbon producer, with energy supply operations in the industrial port city of Douala in Cameroon. The Company generates revenue through its 60% ownership of onshore gas production wells, and its energy utility subsidiary, Gaz du Cameroun S.A. (GDC), supplies cost effective, clean and reliable energy products to major industries in the region. Customers are primarily supplied with gas through an extensive pipeline network built by GDC in the Douala area. GDC products currently include thermal gas, condensate and gas for gas-fired electricity generation. GDC gas is attractive to customers due to its reliability, competitive price, low hydrocarbon emissions (compared to Heavy Fuel Oil) and adaptability to meet varied power requirement needs.

http://www.victoriaoilandgas.com/gaz-du-cameroun

Dangote to Double Investment in Cameroon
By Olushola Bello
8 July 2015

The president of Dangote Group, Aliko Dangote, has disclosed the company's fresh investment drive towards expanding the output from its Douala plant, Cameroon, from the current 1.5 million metric tonnes per annum (mmtpa) to over three mmtpa.

The initial investment cost the group $150 million (about N30 billion).

During his recent visit to Cameroon, Dangote met with the prime minister, Philemon Yang; minister of Industry, Mines and Technological Development, Emmanuel Bonde, and the minister of Trade, Luc Magloire Mbarga Atangana.

He thanked the government for creating an enabling environment for cement production in the country, adding that the company was already in the process of signing a contract for the construction of an additional cement production line, in anticipation of a growing demand for cement occasioned by massive investment in infrastructure.

FULL ARTICLE FROM LINK BELOW:

Could prove interesting:

Clarke Energy launches Cameroon business
June 29, 2015

DOUALA, CAMEROON: Clarke Energy has launched its new business in Cameroon at a high-profile event in Douala. The event was opened by British High Commissioner to Cameroon H. E. Brian Olley.

•Clarke Energy launches business at event in Douala, welcoming address provided by British High Commissioner H. E. Brian Olley. A workshop delivered focusing on energy efficient, reliable power generation technology.

•Event follows announcement on June 9th that GE had awarded Clarke Energy authorised distributor and service provider status for their Jenbacher gas engine technology.

•GE showcases latest gas and diesel to power technology


GE’s Distributed Power business recently announced Clarke Energy as authorised distributor and service provider for GE’s Jenbacher gas engines in Cameroon. This agreement covered the entire range of Jenbacher products and service parts in the country. Clarke Energy is a multinational specialist in the supply, engineering and maintenance of engine-based power plants. The company has a strong focus on localisation and skills transfer by employing country nationals to form the core of its operations. Clarke Energy has delivered over 470MW of gas-fuelled power generation equipment across Africa.

Clarke Energy delivered a launch event to introduce their business to Cameroon, in Douala on 25th June 2015. The event was be opened by the British High Commissioner His Excellency Brian Olley. The event started with a seminar delivered by Clarke Energy and GE’s Distributed Power business highlighting the latest gas to power technology and examples of how the technology has been successfully deployed internationally. GE’s high efficiency products are renowned for robust performance in challenging conditions and difficult fuel gases. The event was attended by a selection of high profile industrial businesses and leading trade organisations from Cameroon.

Clarke Energy would like to pay special thanks to the British High Commission and UKTI for their support in making this event a reality. We would also like to sincerely thank Gaz du Cameroon and Nico Halle for their presentations on the day.

British High Commissioner, Brian Olley commented

‘I was particularly impressed by Clarke Energy’s obvious professionalism and commitment to high quality installations backed up by reliable aftersales support. During the conference Clarke Energy described their extensive experience in Africa and how they have the expertise to provide very efficient technical solutions, reducing carbon emissions and maximising profits.’

Ali Hjaiej, Business Development Director, Clarke Energy commented

‘Our expansion into the Cameroon market is testament to our success in other parts of Africa, most notably our nearby operations in Nigeria. We will be supporting the market in Cameroon technically and commercially from the UK and France. We will be developing a comprehensive localised product support network to ensure high engine availability.’



Also

Taken from a post on LSE-Altaaqa Global's publicity video for the two power plants bult earlier this year that VOG supply gas to:

The fastest-installed 50 MW gas power plant in the energy industry

Published on 15 Jul 2015

Altaaqa Global's 50 MW temporary natural gas power plant project in Cameroon is the biggest and the fastest-installed rental power plant of its size in the history of the energy industry. It added reliable power to the country's grid, saving it from the calamitous effects of electricity shortage due to drought and low-rain season.

https://www.youtube.com/watch?v=60gMwceRm4c

20 July 2015

Victoria Oil & Gas Plc

("VOG" or "the Company")

Installation Film on ENEO, Gas Fired Genset Connections H1 2015

A film showcasing the gas fired genset installations carried out in record time by VOG's wholly owned subsidiary; Gaz du Cameroun S.A. ("GDC"), is now available online. The plants are located at the Bassa and Logbaba power stations in the major African commercial city of Douala, Cameroon and were successfully installed and commissioned within 21 days from the time equipment arrived at the intended sites. The film has been created by Altaaqa Globa, the equipment supply partners to the project who are operating in Cameroon for the first time.


The film provides an overview of the on the ground work power engineers undertake in Africa, and how modular power solutions can be efficiently and rapidly installed for successful operation.. Within a month of installation the GDC-Altaaqa power solution has supplied the maximum 50MW required into the local grid to power businesses and homes.

FILM:

A link to the video showing the inauguration and power plant installation can be found here (added by me)

Installation Info


The successful installation follows an agreement in December 2014 by VOG's wholly owned subsidiary Gaz du Cameroun S.A. ("GDC"), with ENEO Cameroon S.A ("ENEO"), Cameroon's integrated utility Company, to supply gas to two power stations, Bassa and Logbaba, located in the city of Douala. Altaaqa Global provided the power generation equipment for the project, and imported and installed the generators at the Logbaba and Bassa sites, with GDC supplying the gas to the rental gas power stations at both sites. GDC has worked with Altaaqa since the start of the year to make the gas connections.

The power plant is the largest and fastest-installed rental power plant of this size in the history of the energy industry. It has added reliable power to the country's grid, and demonstrates the deep commitment of companies such as GDC and Altaaqa Global in addressing Cameroon's critical infrastructure needs and the effects of electricity shortages.

The power plants were inaugurated at Logbaba in Douala with the ceremony attended by Dr Atangana Kouna Basile, Minister of Water Resources and Energy of Cameroon; members of the government; and senior executives from ENEO and GDC.

http://www.moneyam.com/action/news/showArticle?id=5078746

General interest- the July/August edition of 'Business in Cameroon' :

23 July 2015

Victoria Oil & Gas Plc

("VOG" or "the Company")

Q2 2015 Operations Update

Victoria Oil & Gas Plc provides an update on the Company's operations for the 3 month period ended 30 June 2015 (the "period"). The Company intends to provide the market with quarterly operational updates, based on the calendar year and covering all significant activities. The quarterly updates will not affect VOG's responsibility to release any price sensitive news to the market in a timely manner.


Highlights

· Average gas production of 12.6mmscf/d during the period

· Bassa and Logbaba power stations online and new thermal gas customers connected

· Group cash of $14.2m at quarter end, compared to $15.6m at the end of last quarter - capex spend included $2.6m on gas processing plant acquisition from Expro

· Cash received from gas and condensate sales Q2 $9.8 (Cash received Q1 $5.1m)

· 1,524.60mmscf H1 2015 gas sold (1,273.25mmscf 2014 full year gas sold)

· Two well programme under design for planned commencement of drilling H2 2016 aimed at bringing on additional production Q4 2016



Operational Update SEE LINK AT BOP FOR TABLE


Gas production increased 178% for the period compared to Q1 2015, with an average daily production of 12.6mmscf/d. Production reached a peak of 16.9mmscf/d, with an average 5 day working week output of 13.1mmscf/d. The significant expansion follows the first grid power connections coming on line under the deal with ENEO Cameroon S.A ("ENEO") and new thermal customers being connected, including the Dangote cement plant commissioned in June 2015.

Gas sold for Q2 2015 was almost four times that sold in Q2 2014.



Group cash was $14.2m at quarter end, compared to $15.6m at the end of the first quarter with notable capex spend of $2.6m on the gas plant acquisition from Expro.

In GDC, cash received from gas and condensate sales in Q2 was $9.8m compared to cash received in Q1 of $5.1m.


Operations remain in line with expectations for the next quarter.



Customer Updates

At the beginning of Q2 2015, gas supply to both the Bassa and Logbaba power stations commenced following the agreement signed with ENEO in December 2014. Gaz du Cameroun S.A. ("GDC") is responsible for supplying gas to both the Bassa and Logbaba power stations, where electricity is generated from gas fired electricity generation sets supplied and operated by project partners Altaaqa Global.


The successful running of maximum supply to both power plants met the requirement, set by ENEO, for both stations to be online and delivering 50 MW to trigger the minimum take or pay conditions as set out under the terms of the agreement between GDC and ENEO. The minimum take or pay levels require GDC to provide 10.1mmscf/d of gas to generate 50 MW of power, with ENEO consequently agreeing to a take or pay component of 90% of total usage during the dry season and 30% in the wet season.

The Dangote cement plant, located on the southern shore of the Wouri River, Douala, was the largest of a number of new gas supply connections completed during the period. Dangote is an important indicator of how the city of Douala is developing economically as an important, stable, industrial and commercial hub for the wider Central-West Africa region.


Operations

The Logbaba gas production plant was purchased from Expro using cash generated from GDC's operations and partner RSM's contributions. GDC is evaluating proposals for a long-term contract for the operation and maintenance of the plant with specialist service companies, including Expro. The purchase is part of VOG's strategy to increase production capacity. GDC is currently studying options for the expansion of the gas production plant from its existing 20mmscf/d level to up to 40mmscf/d.



Sub -Surface Development Work

Driven by the large current and projected demand for gas in Douala, initial planning, well design and engineering for drilling the next two wells, LA 107 and LA 108 has been accelerated. The current schedule estimates spudding of the next two wells in H2 2016 and completion in late 2016. At least one of these wells will be a twin of four wells drilled by the French in the 1950's, all of which produced gas.



The Company is also analysing techniques for conducting 2D and 3D seismic programmes in urban environments and for re-processing and extrapolating key historic seismic data to assist in sub surface interpretations. The Company is positioned to significantly advance gas supply into a series of existing and new markets and consequently is focusing on increasing reserves and production capacity. Further updates will be made to the market when appropriate.



CNG Update

At present, GDC is in discussion with several groups for the provision of a CNG solution, whereby a technical partner will undertake all gas compression capital expenditure and logistical operations. This model will preserve GDC's strategy of concentrating on gas sales rather than downstream development. In the coming months, it is anticipated that a preferred partner will be selected to assist GDC in this project. The potential benefits of CNG are:

- Minimal GDC capital requirement

- Enables customers up to 250km from Douala to be provided with our gas

- High margin business for 'gas only' supply model

- No capacity pressure on pipeline

- CNG production can also occur during off-peak periods to help maintain balanced gas production



VOG Chairman Kevin Foo said:

"VOG continues to make excellent operational and financial progress. Q2 was outstanding with a 178% increase in production to a seven day week monthly average of 12.6mmscf/d.

We almost doubled cash received from sales in Q2 to $9.8m. We now have the financial strength to pursue the next phase of our growth which is to bring more gas online to meet the massive customer demands. We plan to fund this development programme from existing and projected cash flows and local lines of credit.

The quarterly reporting format we are committing to demonstrates the progress we have made operationally and in generating significant cash flow from gas and condensate sales. This report provides shareholders with a reliable format to demonstrate our performance in a consistent and clear manner."

http://www.moneyam.com/action/news/showArticle?id=5080933