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
    

Translated via Google:

Cameroon: the lawyer Ahmet Dik joined Victoria Oil & Gas and became CEO of GDC
October 31st, 2015

Victoria Oil & Gas Plc (VOG), oil and gas listed in London and very active in Cameroon, announced October 28, 2015 the appointment of Ahmet Dik as Director with effect from 27 October. Ahmet Dik was appointed at the same time, company CEO Gaz SA of Cameroon (GOC), a wholly owned subsidiary of VOG. "Having worked with GDC, it is clear that our priority is to boost production to maximize our opportunities in Cameroon ", he commented.

Ahmet Dik set itself the task of ensuring, over the next eighteen, the effectiveness of the delivery of the gas produced in the Logbaba-Ndogpassi field, stressing that GDC is an "example of business success" in Cameroon. This lawyer by profession supported the company over the last two years, and played a decisive role in the conclusion with Eneo Cameroon SA in charge of the distribution of electric power, an agreement which enabled a significant expansion production at Gaz SA of Cameroon

Victoria Oil & Gas Plc is a leading player in the oil and gas sector in Cameroon, where she finished Q2 2015 on average production level of 12.6 million standard cubic feet of gas per day, an increase of 178 % compared to the previous quarter.

Translated via Google:

Cameroon: Three new taxes created in the telecom, trade and gas
Tuesday, November 3, 2015

(Investing in Cameroon, the mag of the Cameroonian economy) - The Finance Act 2016 the State of Cameroon, which will be deposited on the table of Parliament in the coming days, will establish three new taxes, particularly in the telecom , trade and industrial gas, revealed Economy Daily, citing sources within the formal interpatronal Group of Cameroon (Gicam).

It is, we learn, the tax on electronic communications which will be subject audiovisual communications companies, mobile telephony, the internet service providers ...; Tax on financial transactions in cash should question all economic agents; and the tax on the distribution of industrial gas in the country.

Upon observation, the Cameroon government intends to capitalize on the exponential development of certain sectors of activity (industrial gas and mobile) on its territory in recent years, and certain habits of Cameroonians (excessive manipulation species), to ensure to achieve its fiscal targets in 2016 (4,249,800,000,000 CFA francs), up more than 503 billion CFA francs compared to 2015 (3,746,600,000,000 CFA francs).

For example, according to ART, the national telecoms regulator, the mobile penetration rate in Cameroon increased from 9.8 to 71% between 2004 and 2014. With over 18 million subscribers to mobile telephony 22 million people, three operators in operation and a rate of Internet penetration pulled up by mobile internet boosted by the recent advent of 3G; the telecom sector in Cameroon is expanding. And the state's ambition, obviously, to draw more added value. In short, going well beyond the 617 billion CFA francs in taxes and charges paid by mobile operators practicing in Cameroon in 2010-2014.

Tax burden

The situation is similar in the area of the distribution of industrial gases. Besides the premises such as Fme Gas or Air Liquide, came to graft the British firm Victoria Oil and Gas, whose subsidiary Gas Cameroon (GDC) delivers to businesses the product gas from the gas field Logbaba in the Littoral Region, commissioned in November 2013. As of June 2015, for example, the production of this gas field increased by 178% and customers (28 large companies to date) tributary increasingly the gateway to GDC to run their gas boilers rather than the considered more expensive electricity.

The tax on financial transactions in cash will benefit from the Cameroonians too high propensity cash handlers. In a country where the banking rate is below 20%, cash is almost idolized by economic agents. Despite the disposal of the CEMAC regulation systems, means and incidents of 2003 payments, which prohibits financial transactions in cash of more than 500,000 francs CFA between merchants and over a million CFA francs between individuals not traders.

As a reminder, in January 2014, during the annual conference of central services, external and decentralized Ministry of Finance, the Director General of Taxes, Modest Mopa, judging the tax ratio of 13% in the country still "weak" compared to the African average, had advocated raising to 18% the "medium term".

Brice R. Mbodiam

http://www.investiraucameroun.com/gestion-publique/0311-6854-cameroun-trois-nouvelles-taxes-creees-dans-les-secteurs-des-telecoms-du-commerce-et-du-gaz

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

2015 Annual Report

Victoria Oil & Gas Plc announces that the following documents are now available on its website at www.victoriaoilandgas.com:

· 2015 Annual Report

· Notice of Annual General Meeting

· Proxy Form

A printed copy of the 2015 Annual Report which includes the Notice of Annual General Meeting has been posted on 4 November 2015 to the Company's shareholders as per individual request.

The Company's shareholders can elect to receive notification by email of the publication of future annual reports by registering on www.investorcentre.co.uk.


http://www.moneyam.com/action/news/showArticle?id=5145906

Link to the 2015 Annual Report:

http://www.victoriaoilandgas.com/sites/default/files/Annual%20Report%202015.pdf

5 November 2015
Victoria Oil & Gas Plc
("VOG" or "the Company")

Q3 2015 Operations Update

Victoria Oil & Gas Plc provides an update on the Company's operations for the quarter ended 30 September 2015 ("the quarter" or "Q3").

The third quarter was the first full period specifically covering the wet season in Cameroon since VOG's operating subsidiary Gaz du Cameroun S.A. ("GDC") started supplying gas to ENEO, the key power provider to the Douala grid. Across all of the GDC gas supply markets Q3 is the lowest demand period primarily due to the seasonal increase in power output from Cameroon's hydroelectric dams. GDC's existing take-or-pay terms in place with ENEO, split minimum payment levels between distinct six month demand periods covering higher dry (January-June) and lower wet (July-December) seasons.

Highlights

· 8.2mmscf/d Q3 average gas production (Q2: 12.6mmscf/d)

· 105% increase in production compared to Q3 2014 (4.0mmscf/d)

· $8.1m cash received from gas and condensate sales during Q3 (Q2: $9.8m)

· 2,242mmscf of gas sold in nine months to 30 September 2015 (893mmscf for the nine months to 30 September 2014)

· ENEO consumption 32% above minimum take-or-pay wet seasons levels

· Well engineering underway for two wells scheduled for H2 2016

· New seismic programme underway initially focused on acquisition and reprocessing of historic data points

· $12.8m Group cash balance Q3 (Q2: $14.2m)

· $2.4m reduction of debt during the quarter

Operational update (TABLE VIA LINK AT BOP)

Average daily gas production reduced by 35% for the period compared to Q2, with an average of 8.2mmscf/d. Gas production increased by 105% compared to Q3 2014. Production reached a peak of 15.2mmscf/d during the quarter, with an average 5-day working week output of 8.72mmscf/d. As anticipated, the quarterly differential is primarily due to the seasonal effects of increased hydroelectric power being made available via the grid; reduced demand from ENEO and other seasonal factors from some thermal and dedicated power customers. Despite the seasonal impact, the 8.2mmscf/d average production for Q3 is higher than expected because ENEO exceeded its take-or-pay minimum quota for the period by 32%.

Gas sold in nine months to 30 September 2015 of 2,242mmscf exceeds the 2014 full year gas sales of 1,273mmscf and the sales for the nine months to 30 September 2014 of 893mmscf. The increase was largely due to ENEO coming on line during 2015.

Group cash was $12.8m at quarter end, compared to $14.2m at the end of the second quarter. The reduction in cash was largely due to $2.4m of debt repayments made during the quarter.

In GDC, cash received from gas and condensate sales in Q3 was $8.1m compared to cash received in Q2 of $9.8m, representing a 17% reduction.

Operations

Having purchased the Logbaba gas production plant in the previous quarter from Expro, GDC has agreed terms for the operation and maintenance of the plant with Expro. GDC has also commissioned a design study with Expro for the expansion of the gas production plant from its existing 20mmscf/d level to up to 40mmscf/d.

During the quarter GDC continued to assess the investment case for potential pipeline expansion into the Bonaberi area and customer connections.

Sub-surface development

GDC has appointed SPD Ltd ("SPD"), a subsidiary of the Petrofac Group, to undertake well planning and project management of the upcoming Logbaba drilling campaign planned for 2016, which will target two new wells. SPD is an independent well engineering company with a wide range of experience in planning and managing well operations worldwide.

The GDC and SPD project team is in place and the planning, design, and procurement of services and materials for the next two Logbaba wells, La-107 and La-108, is progressing on schedule. La-107 is to be a twin of the La-104 well drilled in 1957. This well's objectives include the development of the Upper Logbaba reserves identified in La-104, and to prove the Lower Logbaba resources that were found in La-104. The La-107 well design also encompasses an option to drill an 'exploration tail' below the base of the Logbaba Formation at about 3200m.

The second well being planned, La-108, is a step-out well into the 2P (Proven plus Possible Reserves) area of the Logbaba Field. The bottom hole location of La-108 will be about 1,100m to the South East of the drilling pad surface location and is intended to prove up our 2P Reserves in the vicinity of the well and to move those 2P Reserves into the 1PD, Proven Developed category.

We intend to fund the wells from internal cash flow, bank finance and partner contributions and at this stage do not expect the need to seek shareholder funding.

Compressed Natural Gas ("CNG") update

VOG continues to look for opportunities to expand its hydrocarbon sales, in and around Douala, and further afield. CNG presents GDC with the opportunity to distribute gas from the Logbaba gas production plant to a wider network than the gas pipeline network currently offers. GDC is in discussions with a preferred partner who will fulfil all of the capital and operational requirements for the gas compression and distribution of CNG. This model will suit GDC's strategy of concentrating on gas sales rather than downstream development. The potential benefits of CNG are:

· Minimal GDC capital requirement;

· Enables customers up to 250km from Douala to be provided with GDC gas;

· High margin business for 'gas only' supply model allows focus on core competency;

· No additional capacity pressure on pipeline network; and

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

VOG Chairman Kevin Foo said: "The results from Q3 are notable as the period typically represents our lowest production period during the calendar year. Despite this we have still delivered an average of 8.2mmscf/d, a 105% increase in production for the same wet season period last year. If we look at the Q2 2015 average production rates of 12.5mmscf/d with ENEO only being commissioned part way through the period GDC is clearly delivering significant production growth. The next quarter will see the tailing off of the wet season in terms of production and expected increased production."

GDC Chief Executive Officer and VOG Director Ahmet Dik said: "The next phase of GDC's expansion involves us being able to supply significantly more gas to major customers. In order to facilitate this major production expansion strategy, 2016 will see us laying new pipelines to large customers, drilling two wells, increasing plant capacity and carefully selecting the best long term markets for us to sell our gas into. This is a hugely exciting time for GDC as we consolidate our first mover advantage and utilise our existing infrastructure to rapidly deliver gas to an energy hungry Cameroon market place."

http://www.moneyam.com/action/news/showArticle?id=5146780

Victoria Oil & Gas ‘quieter’ quarter shows significant growth
Jamie Ashcroft
08:39 05 Nov 2015

Whilst down from the preceding three months, VOG’s third quarter gas production was double the figure for 2014.



Victoria Oil & Gas (LON:VOG) chairman Kevin Foo has highlighted significant production growth in what is typically the group’s quieter quarter.

Results for the third quarter, which hosts Cameroon’s ‘wet season’, saw average gas production of 8.2mln cubic feet per day which is more than double the figure for the same period of 2014.

Compared to the preceding quarter, meanwhile, production was down from 12.6mln cubic feet per day.

“The next quarter will see the tailing off of the wet season in terms of production and expected increased production," Foo said in a stock market statement.

VOG told investors it generated US$8.1mln of cash from gas and condensate sales during the three month period, compared to US$9.8mln in the second quarter. A total of 2.2bn cubic feet of gas was sold in the first nine months of the year, it added, up from 893mln in the same period of 2014.

It ended the quarter with US$12.8mln of cash, and said it had repaid US$2.4mln of debt in the period.

Ahmet Dik, the recently appointed chief executive of Cameroon operating subsidiary Gaz du Cameroun (GDC) described it as a “hugely exciting time” for the company as it takes advantage of its first mover advantage to deliver more gas to what he calls Cameroon’s “energy hungry market place”.

"The next phase of GDC's expansion involves us being able to supply significantly more gas to major customers,” he said.

“In order to facilitate this major production expansion strategy, 2016 will see us laying new pipelines to large customers, drilling two wells, increasing plant capacity and carefully selecting the best long term markets for us to sell our gas into.”

Victoria Oil & Gas ‘quieter’ quarter shows significant growth
09:07 06 Nov 2015

Victoria Oil & Gas (LON:VOG) – Buy

Yesterday, Victoria Oil & Gas (VOG) released a production update for the third quarter ended 30th September 2015. The average gas production increased to 8.2 million standard cubic feet per day (mmscf/d) in Q3 2015 from 4.0mmscf/d in Q3 2014.

The company sold 2,242mmscf of gas in the first nine months of 2015 as compared to 893mmscf in the same period last year. While, the condensate sold rose to 10,878bbls in Q3 2015 against 5,667bbls in Q3 2014. VOG received US$8.1m (Q2 2015: US$9.8m) in cash for the sale of gas and condensate.

The cash balance at the end of period stood at US$12.8m (Q2 2015: US$14.2m). Additionally, the company reported a US$2.4m decrease in debt during the period. VOG has started well engineering for two wells planned for H2 2016. The company has initiated a new seismic programme concentrating on acquisition and reprocessing of historic data points.

Our view: VOG delivered solid performance in the third quarter with improved production and higher sales. The company’s production numbers were benefitted by ENEO surpassing its take-or-pay level for the period by 32%.

VOG continued development at the Logbaba gas production plant, which it brought in Q2 2015.

The company has commenced the expansion plan at Logbaba gas to double the capacity to around 40mmscf/d. Additionally, VOG’s operating subsidiary GDC, analysed the plan for potential pipeline extension into the Bonaberi area and customer connections. Going forward, the company plans to increase its plant capacity, drill two wells and placing new pipelines.

We expect VOG to improve its gas supply to new and existing markets and subsequently increase reserves and production capacity. In light of the above argument, we maintain a Buy rating on the stock.

10 November 2015
Victoria Oil & Gas Plc

Change of Accounting Reference Date

Victoria Oil & Gas Plc announces that it has changed its accounting reference date from 31 May to 31 December.

As a result of this change, the Company's reporting calendar will be as follows:

· Unaudited interim accounts for the six month period from 1 June 2015 to 30 November 2015, to be announced by the end of February 2016; and

· Audited annual accounts for a shorter seven month period from 31 May to 31 December 2015 to be announced by the end of May 2016.


Thereafter, interim and annual reports will be published each year for the six months to 30 June and 12 months to 31 December in accordance with the AIM Rules.

The Board considers that the change of the accounting reference date will align VOG's reporting timetable with its operating subsidiary Gaz du Cameroun S.A. ("GDC"), and better reflect the seasonal nature of GDC's gas sales profile.

The Board does not foresee any material financial implications on the Group as a result of the change in accounting reference date of the Company, nor is there any other matter of significance that needs to be brought to the attention of the shareholders of the Company in this regard.

http://http://www.moneyam.com/action/news/showArticle?id=5149724

16 November 2015
Victoria Oil & Gas Plc

Application for Listing of shares

Victoria Oil & Gas Plc, announces that application has been made for the admission of a total of 341,926 new ordinary shares of 0.5p each ('New Ordinary Shares') to trading on AIM ('Admission').

The New Ordinary Shares have been allotted following subscription by two Group executives, who have utilised cash bonus payments due to them in accordance with the terms agreed by the Company's Remuneration Committee on 10 August 2015. The New Ordinary Shares have been subscribed at 56.6p per share, the volume weighted average share price for the 5 trading days to 10 August 2015.

The effect of the above allotments on the share interests of the relevant Directors of the Company is as follows:-


Ahmet Dik

Shares allotted-- 227,951

Total Shareholding in VOG following allotments--227,951 = 0.21%

Admission is expected to become effective and dealings in the New Ordinary Shares are expected to commence at 8.00 a.m. on 20 November 2015. Following Admission, the Company will have 109,495,262 ordinary shares in issue.



The New Ordinary Shares will rank pari passu, in all respects, with the existing ordinary shares. The aforementioned figure of 109,495,262 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://http://www.moneyam.com/action/news/showArticle?id=5153712

20 November 2015

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

Directorate Change

Victoria Oil & Gas Plc, the Cameroon gas utility company, today announces the resignation of James McBurney, as a non-executive director, from the Board.


Mr McBurney has left the Board, as he has relocated to the United States to pursue business interests in the alternative fuels sector.


Kevin Foo, Chairman, said: "I would like to thank Jim for his energetic and professional work for the Board and, without doubt, his input has made us a better Company. I wish him the very best in his new ventures in the USA."

http://www.moneyam.com/action/news/showArticle?id=5157572

any update with the charts?

A reminder that the AGM is next Monday 30th November.

30 November 2015

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

Result of Annual General Meeting ("AGM")

Victoria Oil and Gas Plc, the Cameroon gas utility, is pleased to announce that, at the AGM of the Company held this morning, all of the resolutions that were proposed in the Notice of Annual General Meeting which was sent to shareholders, dated 27 October 2015, were duly passed.

http://www.moneyam.com/action/news/showArticle?id=5163823

Just had a quick look over on III and there was an update to the original April 'Factsheet' on the 20th November:

http://www.victoriaoilandgas.com/sites/default/files/factsheets/1511%20VOG%20FactSheet%20Flyer.pdf

Below is the April 'Factsheet':

http://www.victoriaoilandgas.com/sites/default/files/factsheets/150418%20VOG%20Factsheet_0.pdf

This event was highlighted over on LSE

IPAD Cameroon Energy and Infrastructure Forum


Cameroon Woos More Energy Investors
02 Décembre 2015

An Energy and Infrastructure Forum opened in Yaounde yesterday December 1, 2015.

Over 200 utility experts, financiers and prospective investors are meeting in Yaounde with focus on fast-tracking Cameroon’s development through the energy sector. Water Resources and Energy Minister, Basile Atangana Kouna, on December 1, 2015, opened the Cameroon Energy and Infrastructure Forum.

more from link below:



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



Henri Job is or has spoken at this event:

EDIT-It actually states the speakers were 'INVITED' so it's not certain as yet if Henri is or has spoken!

Henri Job *
Business Development Director
Gaz du Cameroun
Cameroon

http://www.ipad-cameroon.com/speakers

Just to add RE EDIT that from the brochure Henri was due to speak this morning (their time):

09:40 What are the opportunities for investment and synergies in Cameroon’s oil & gas market
Henri Job, Business Development Director, Gaz du Cameroon, Cameroon

http://www.adnreg.co.uk/images/advert/cam_energy_forum.pdf

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 2017the 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--------4,815,758------------------ 4.370%
Forest Nominees Limited-------------------4,383,595------------------3.978%

http://www.victoriaoilandgas.com/investors/share-information
*********************************************
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-----Percentage of issued share capital

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

*********************************************
Updated Share Information

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%

The 'Factsheet' has been updated as of the 1st December with two changes:

Cashflow from 27 diversified customers across thermal gas,
condensate, onsite and grid power generation (previously from 26 diversified customers)

8.2 mmscf/d average production Q3 2015 (previously '9.4mmscf/d of production as of Q3 2015'---which looks to have been an estimate or mistake as the April 2015 'Factsheet stated: 9.4mmscf/d of production as of Q2 2015)

http://www.victoriaoilandgas.com/sites/default/files/factsheets/1512%20VOG%20FactSheet%20Flyer.pdf

Original Post from 30 Nov 2015 17:46 - 180 of 183

"Just had a quick look over on III and there was an update to the original April 'Factsheet' on the 20th November:

http://www.victoriaoilandgas.com/sites/default/files/factsheets/1511%20VOG%20FactSheet%20Flyer.pdf

Below is the April 'Factsheet':

http://www.victoriaoilandgas.com/sites/default/files/factsheets/150418%20VOG%20Factsheet_0.pdf"

General interest:

Great Britain wants to conquer the Central African market from Cameroon
Saturday, 12 December 2015

(Business in Cameroon) - With average trade exchanges of FCfa 104 billion per year between 2010 and 2014, according to statistics from the ministry of Economy, Cameroon and Great Britain do not exploit enough the potential of their trade relations. This is what came out of the prospecting mission undertaken by 24 British investors and concluded on 10 December 2015 in Yaoundé, the Cameroonian capital.

The main objective of this business trip in which took part companies operating in sectors such as hydrocarbons, agriculture, education, etc., was to find and act on investment and partnership opportunities in Cameroon. But, as specified by the British High Commissioner, Brian Olley, Cameroon is not the only target of the British economic operators.

Indeed, the British diplomat revealed at the end of a meeting at the ministry of Economy, together with the delegation of investors, "with political stability, a good growth rate, a dynamic population and optimist prospects", Cameroon could be a launch pad for British investors who wish to conquer the sub-regional market.

Thanks to its strategic location in Central Africa, the deputy minister of Economy,Yaouba Abdoulaye, Cameroon is the entry point to a market of 150 million consumers gathered within the Cemac and Ceeac. By integrating Nigeria who shares a 1500 km long with Cameroon to this market, it is a market of approximately 300 million consumers the British investors could have access to, from Cameroon.

A revisit to the Diageo (Guinness Brand) article from 2013 highlighting the importance companies place on environmental issues within Cameroon:

Greener energy, still great Guinness
August 2013

When gas wells were drilled near our Guinness brewery in Douala, Cameroon, we joined forces with the gas company to bring our carbon emissions – and costs – down.

Since February 2013, the steam boilers that play such a crucial role in brewing Guinness at Douala have been fuelled by natural gas following a six-month, £800,000 conversion project and a great partnership with our gas provider. Natural gas provides consistent energy while emitting significantly less CO2 than heavy fuel oil: in Douala we project that the switch from oil to gas, combined with efficiency improvements such as better insulation and heat recovery, will result in a 30% reduction in CO2 emissions.



The project began in 2012, when Guinness Cameroon agreed a contract with Rodeo Development Ltd to buy natural gas piped directly from their two new gas wells at Logbaba, Cameroon. By installing dual fuel burners, we were able to ensure that we could benefit from this new supply while retaining the flexibility and security we need to keep brewing great beer.

Baker Magunda, Managing Director of Guinness Cameroon, said: 'This new gas equipment will secure for our plant a constant and consistent energy supply, enabling us to achieve our business ambitions in a more efficient and sustainable manner.'

The project at Douala is one of dozens of energy initiatives undertaken in 2013 to help us meet our target of halving greenhouse gas emissions by 2015.

For more information about how we are reducing our carbon footprint, please visit our Sustainability& Responsibility Report