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
    

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

Victoria Oil & Gas hails outstanding quarter of production
08:14 23 Jul 2015

Cash is rolling in as output ramps up, leaving the Cameroon-focused company well-placed to fund the next growth phase

Gas production continues to ramp up sharply at Victoria Oil & Gas's (LON:VOG) fields in Cameroon.

Average gas production of 12.6mln standard cubic feet a day (mmscf/d) during the second quarter of 2015, up from 4.5mln in the preceding quarter and 2.6mln in the same quarter of 2014.

Production reached a peak of 16.9mmscf/d during the quarter, with an average five day working week output of 13.1mmscf/d.

The significant expansion follows the first grid power connections coming on line under the deal with electricity supplier ENEO Cameroon and new thermal customers being connected, including the Dangote cement plant commissioned in June 2015.

Total gas sold in the quarter totalled 1,120.1mmscf, up from 404.5mmscf in the first quarter and 281.1mmscf in the second quarter of last year.

Condensate sold more than doubled to 13,445 barrels in the second quarter of 2015 from 6,345 barrels in the first, and was almost four times the amount sold in the second quarter of last year.

Group cash was US$14.2mln at the quarter end, compared to US$15.6mln at the end of the first quarter, with notable capital expenditure of US$2.6mln on the Logbaba gas plant acquisition from Expro.

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 company revealed.

The current schedule estimates spudding of the next two wells in the second half of 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.

Victoria Oil & Gas (VOG) said it 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.

"Q2 was outstanding with a 178% increase in production to a seven day week monthly average of 12.6mmscf/d,” declared VOG's chairman, Kevin Foo.

“We almost doubled cash received from sales in Q2 to US$9.8mln. 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.”

VOG's shares shot up 6.6% to 65p on the operational update.

John Harrington




EDIT-Further coverage:

Victoria Oil & Gas “beginning to look at new projects” – chairman (video)

Published on 23 Jul 2015

The executive chairman of Victoria Oil & Gas (LON:VOG), Kevin Foo, says the company is beginning to explore new areas and projects now that it is in a stable a solid position thanks to its work in Cameroon.

“Cameroon alone remains a hugely attractive market to us and we’re focused on our operations there,” he explains. “We are beginning to look elsewhere in Western or Central Africa to replicate what we’ve achieved and use our skills when it comes to building a gas business.”

Meanwhile, gas production continues to ramp up sharply at the firm’s fields in Cameroon.

Today the firm told investors average gas production of 12.6mln standard cubic feet a day (mmscf/d) during the second quarter of 2015, up from 4.5mln in the preceding quarter and 2.6mln in the same quarter of 2014.

https://www.youtube.com/watch?v=2U0jluLSZO0

??? sold all the extra gas this last qtr, yet cash down £1.2 million.
where has all the extra income gone, i was expecting 3 or 4 million more in the bank than that !!! (foo's bonus)

Kevin Foo, Executive Chairman at Victoria Oil and Gas, talks to Share Radio ahead of the release of the company's first quarterly update today. How did the company get on?

https://audioboom.com/boos/3398906-victoria-oil-gas-release-their-first-quarterly-update-but-how-did-they-do-morningmoney-speak-to-exec-chairman-kevin-foo

General interest and relates to Posts 122 & 129

Cogeneration and Distributed Power in Africa
July 22, 2015

With the focus on ensuring stable supplies of power in many African countries, the benefits maximising fuel efficiency are often overlooked. Fuel costs have increased over recent decades, and the need to maximise scare resources means cogeneration or combined heat and power (CHP) technology is now getting the recognition it deserves.

Cogeneration maximises the energy in a fuel by utilising not only the electricity that is produced by the generator but also the surplus heat for localised use. About 45% of the energy in the fuel is converted to electricity, with 45% being converted to heat – either in the form of hot water, steam, or hot air for drying. If both heat and electricity are fully recovered the total fuel efficiency is about 90% meaning fuel, cost and carbon savings for the end user. This technology can be developed further, if some of the heat is used to create cooling water, through absorption chiller technology, then a trigeneration system is created – also called combined cooling and power. This cooling can be deployed in refrigeration and air conditioning systems.

CHP is also a form of distributed power generation. Many developed countries outside the African continent have historically relied on large centralised power plants that rely on significant investment in transmission and distribution infrastructure. The inability to use all of the energy in the fuel at source, along with transmission losses means that many countries are moving towards distributed power generation. The African continent has the opportunity to develop its power generation network in different manner with a more distributed power generation system in order to give more efficient, reliable electricity supplies.

Cogeneration technology is now being deployed across the African continent. As a company Clarke Energy has supplied GE’s Jenbacher gas engine cogeneration systems into Tunisia, Nigeria, Tanzania and South Africa. Applications have included power plants for leading drinks brands, pharmaceutical, telecommunications and food companies. Businesses that have access to supplies of gas or have a current long term allocation, can use their energy source more efficiently if it is used in a cogeneration unit rather than a boiler. A gas supply of 80,000GJ per annum could provide 1MW of electricity and 1MW of heat for onsite use.

With growing availability of gas on the continent, coupled with unstable domestic power supplies, the market for cogeneration technology is on the up in Africa.

Corporate Presentation- Q2 2015 Operations and Trading Update. July 2015


http://www.victoriaoilandgas.com/sites/default/files/presentations/1507%20VOG%20presentation%20Q2.pdf

pointless investing in vog...the city crooks are in control...naked shorting rules..resistance is futile

Translation not that good but.....


Gas production up
Published: Tuesday, July 28, 2015

According to reports from the NHC, gas production was up by 4.77% compared to April 30, 2014. She is 4 548.60 million cubic feet, of which 3 801.10 million from the Sanaga South field, off Kribi, and 747.50 million of Logbaba field in Douala.

At this level, three years after it goes into production, the company Gas Cameroon (GDC) already supplies about thirty city of Douala companies for natural gas. Its customers is Eneo, which currently produces 50 MW of electricity from this source.

The GDC has also directed one of its biggest challenges: connect the industrial area of ​​Bonabéri, crossing the river Wouri. That makes a total of 28 km of underground tanks already. And we understand why customers are increasing on the plot.

http://www.cameroun24.net/?pg=actu&ppg=1&pp=1&id=22207

turning into abit of a fuckin nightmare ride this...when will it all end?

Re Post 124 below:

"banjomick - 24 Jun 2015 12:24 - 124 of 142 edit this post

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%"


The website has now been updated (over last two weeks) as follows:


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%

Forest Nominees Limited--------------------3,614,992---------------- 3.312%

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

Old news but just getting published in the trade magazines:

Video: Altaaqa installs 50MW gensets in Cameroon
by John Bambridge on Aug 20, 2015

UAB-based Altaaqa Global has commissioned 50MW of temporary power in Cameroon – across two sites: Logbaba and Bassa (Ndokoti) – to supply the major Cameroonian commercial city of Douala.

The gas-fired Caterpillar gensets, which were installed over the span of just 21 days, are engineered to emit only 250 mg/Nm3, even without after-treatment.

The project, Altaaqa’s first project in the country, was conducted at the behest of state utility Eneo Cameroon, and will be supplied by Gaz du Cameroun (GDC), a subsidiary of Victorial Oil & Gas (VOG).

VOG CEO Kevin Foo heralded the project, Altaaqa’s first in the country, as a “true game-changer”.



Modular power solutions are proving to be a fast and efficient solution to Africa’s burgeoning power shortages, which pose a real threat to businesses and economic growth across dozens of countries.

Cameroon gets 75% of power from hydroelectric dams, which are highly seasonal, with stream rates varying from 6,000m3 per second in the wet season to just 50m3 per second in the dry season.

As in many countries, gas provides a conveninent stop-gap for lacunas in renewable energy sources.

GDC will supply the gas for the temporary power sites from its onshore Logbaba Gas Project through a 32.9km pipeline network built by the utility in Douala.

Altaaqa Global was previously highly commended at the 2014 Energy Institute Awards, for providing a temporary 54MW power plant in Aden, Yemen over the course of a 23-day installation.

The success of the project prompted the Yemeni government to add a further 50MW to the installation, raising its total capacity to 104MW.



also get a mention here :

20/08/2015



17/08/2015

For information and will add to the 'Cameroon:Dibamba Power Station' post found on Page 6.

Cameroon: Dibamba Power Plant
PUBLIC-PRIVATE PARTNERSHIPS BRIEFS
Created- May 2015
Modified- June 2015

http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/06/03/090224b082eed424/1_0/Rendered/PDF/Cameroon000Dibamba0power0plant.pdf

Dangote inaugurates $250m plant in Douala, Cameroon
By Daily Post Staff on August 27, 2015

"Dangote Cement Plc, on Thursday, achieved another feat with the inauguration of 250 million-dollar (N48.75 billion) cement grinding plant in Douala, Cameroon.
Dangote Group also laid the foundation stone for a 200metre jetty in Douala.

Alhaji Aliko Dangote, President/ Chief Executive, Dangote Group, said at the ceremony, that the plant, with a capacity of 1.5 million metric tonnes per annum (mmtpa), was a great feat in the operations of the company.

“The plant is our largest greenfield project in a neighbouring country with which we not only share a boundary but also a long history of brotherly relationship dating from our colonial days,” Dangote said."



"Dangote said that plans were on the way to commence the second phase of the plant which would double its capacity from the current 1.5mmtpa to 3.0 mmtpa."

General interest- the September edition of 'Business in Cameroon', VOG mentioned within the Energy Section:

http://www.businessincameroon.com/pdf/BC31.pdf

Under what ... bloody disasters ?