">
http://www.moneyam.com/action/news/showArticle?id=4381032
http://www.moneyam.com/action/news/showArticle?id=4381151
http://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/final-results/201310250700053729R/

Powered by IST's


VOG is presently drilling Well 104 in its West Medvezhye field,and expected to reach depth in 4 weeks from spud date of 30th June, that makes 27th July(this week).
Results of testing will be sometime mid/late August, with a positive outcome
it could be HUGH.
With estimates of 134BILLION cubic metres of GAS and 201 Million barrels of Gas
Condensate,it will be a Company Maker. The field is in the area of the largest gas field in the WORLD.
Other assets include Kemerkol in Kazakhstan, with C1 reserves of 8.7MBO
and C2 reserves of7.8MBO. Another acquistion is Tamdykol with potental
reserves of 34MBO, it also has interest in 2 blocks in the North Sea.
You can check it out on www.uk-wire.com, and its own site of www.victoriaoilandgas.com.
It has excellent management team led by Kevin Foo, who hopes to turn it into
a Mid Cap Company(�500m+) in the not to distant future.
As i stated earlier in the post, Drilling is almost complete so it won't be long to Lift Off?
Well, Well worth checking out.
cyril

http://www.investegate.co.uk/Article.aspx?id=201111040700164867R

http://www.investegate.co.uk/Article.aspx?id=201111290700139263S
http://www.investegate.co.uk/Article.aspx?id=201112200700132888U
http://www.investegate.co.uk/Article.aspx?id=201207090700051587H
http://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/rsm-default/201401130700074445X/
http://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/interim-results/201402280701321590B/
http://www.investegate.co.uk/CompData.aspx?code=VOG&tab=announcements

That was quickly settled,....I thought it would drag on for months... now might be a good time to take the plunge once again into VOG....

SOCAVER Thermal Gas Online
Victoria Oil & Gas, the emerging African energy utility company, today announces that its Cameroon operating subsidiary, Gaz du Cameroun ("GDC"), has successfully completed a new thermal gas connection with glass manufacturer SOCAVER.

The SOCAVER plant is now substantially online and is expected to consume an average of 400,000 scf/d running 24 hours per day, with peak demand estimated at 764,000 scf/d.

SOCAVER is a subsidiary of SABC breweries, a major drinks and beverage manufacturer in Cameroon. This connection supplies gas to up to six burners, following their conversion to gas from Heavy Fuel Oil ("HFO"). For several months GDC's team worked alongside SOCAVER to build the case for conversion. Both teams then worked together to implement the project and ensure a clean and safe changeover.

This represents the 20th thermal gas connection made by GDC since commercial operations began.

Operational Break-even Achieved, Cameroon
Highlights
· Gaz du Cameroun operational break-even on a cash flow basis achieved
· Average 3.2mmscf/d rate achieved to date during February 2014
Victoria Oil & Gas Plc ("VOG" or "the Company"), today announces that gas supplied to customers by the Company's operating subsidiary, Gaz du Cameroun ("GDC"), has averaged 3.2mmscf/d for February production to date. At this supply rate the Company is pleased to confirm that GDC is now above break-even on a cash flow basis.
This production rate has been achieved following increased usage by existing customers in combination with a major new connection made this month with Socaver, a bottle manufacturing plant and subsidiary of Cameroon's largest brewer Societe Anonyme des Brasseries du Cameroun ("SABC").
The average production rate of 3.2mmscf/d is an increase of 0.6mmscf/d from the 2.6mmscf/d figure announced in October 2013. The rate has been calculated by dividing accumulated daily production volumes by days under consideration and includes weekends and holidays when consumption is at reduced levels.
GDC has recently secured new customers including Dangote, Quality Habitat and Buetec for thermal gas provision. Gas fired generator ("Genset") installations are currently underway at existing customers' sites.
A dedicated team has been allocated to work with AES-Sonel, the national electricity supply utility. The plan is to provide gas - fired electricity generation at two existing power plants in the Douala area. The plants currently rely on heavy fuel oil to generate electricity for the local grid.
Commenting on the announcement today the Company's Chairman, Kevin Foo, said: "After making major changes within VOG and GDC, we are now seeing real increases in gas supply volumes. Achieving operational cash break-even is also an important milestone and we look forward to building on this momentum."

http://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/interim-results/201402280701321590B/



Financial Highlights



· Operating profit for the period of $3.7 million (2012: Loss $3.7 million)



· Revenue for the period of $6.0 million (6 months to 30 November 2012: $1.7 million, 12 months to 31 May 2013: $6.9 million)



· Revenue during the period comprised:



o gas sales totalling $5.4 million at $16 per million British thermal units (6 months to 30 November 2012: $1.5 million, 12 months to 31 May 2013: $6.3 million)



o condensate sales totalling $0.6 million at an average price of $107.22 per barrel (6 months to 30 November 2012: $0.2 million, 12 months to 31 May 2013: $0.6 million)



· Improvement in liquidity of the Group with Net Current Assets of $12.3 million (6 months to 30 November 2012: Net Current Liabilities $27.6 million, 12 months to 31 May 2013: Net Current Liabilities $1.7 million)

Operational Highlights



· Inauguration of gas plant and pipeline by President Biya in November 2013



· Production levels rose from 2.0mmscf/d in July 2013 to 3.2mmscf/d in February 2014 and

Gaz du Cameroun operational break-even at these levels



· Collaboration agreement with AES-Sonel to evaluate supply of gas for 45MW of power generation



· All 1.5MW gensets cleared customs and at customer plants



· BGFIBank loan for XAF 4,000,000,000 ($8.3 million) drawn down



· Resolution of RDL- RSM arbitration



· Permits for drilling under Wouri River to access Bonaberi market received

StockMarketWire.com

Victoria Oil & Gas operating subsidiary Gaz du Cameroun S.A will start the 1km gas pipeline crossing under the Wouri River to Bonaberi.

Preparation work for the crossing, including ground surveying, has begun and drilling was scheduled to begin in May, with completion planned 40 days later.

GDC had completed initial project planning, including environmental and safety analyses and has received all the necessary permits, including the grant of Certificate of Environmental Conformity by the Minister in Charge of Environment, Nature protection and Sustainable Development.

Looks like the heavy sell institution is done. Held up well.
Future is looking positive

And I thought us Cardiff City supporters were optomists AK !!!!

Should be a rise on the cards here with all this gas they are pumping....the only worry is : future restrictions towards Russia....that is a problem....

If you look at the current price, I think Russian asset have been completely discounted here. Value zero.
I think they have done well to turn around business in very difficult period and did not give up after VOG was screwed on the Russian deal. If they made 9 m.... Increasing production, charging premium to current market price and the only supplier in the country ??? Well done to the board

We'll done to the board my ar#e !

Those clowns are the only ones who have ever made any real money out of this disaster of a company.

Must be due another fund raising soon to pay the boards salaries for another year.

Hold on, they have produced profit and delivered production levels. Signed customer.

http://www.victoriaoilandgas.com/

video looks good

Chart doesn't.

StockMarketWire.com
Victoria Oil & Gas said its operating subsidiary, Gaz du Cameroun S.A. (GDC), has connected three gas-fired Gensets at three customer sites located in Douala, Cameroon: Camlait (dairy), Icrafon (plastic moldings) and SCTB (flour mill).

The remaining three Gensets located at the Guinness Brewery are all installed and connected to the GDC gas supply network.

The Gensets at the Guinness Brewery are expected to be brought online soon following a production tie-in period. The Company is also currently scheduled to connect a customer-owned Genset which has arrived in Douala at its site later this year.

The combined capacity of the six Gensets is 9MW.

Under expected power useage, average gas consumption for these customers is anticipated to be about 0.75mmscf/d, with the installations replacing all grid power supply at customer sites.

The benefits of GDC Gensets to customers are consistent supply of power with a stable load, hence no outages and consequent downtime costs and material wastage. It also provides a cost saving to that of the grid price.

at last the positives begin profit and new customers back up to the 2p mark by end of the summer looking more certain.

Genset Connections and Thermal Update, Cameroon

Highlights
Completion of first phase of gas-power supply in Douala, Cameroon

· Three electricity generation sets ("Genset") units now online at Guinness Brewery

· These are in addition to first three Gensets brought online 4 June 2014

· Total installed capacity of the six units is 9MW and estimated average gas consumption is 0.75mmscf/d

Thermal supply update
· Pipeline complete and awaiting customer commissioning for both Socapursel a food manufacturing business and the Dangote cement plant currently under construction.

Victoria Oil & Gas Plc, the emerging African energy utility company, today announces that its operating subsidiary, Gaz du Cameroun S.A. ("GDC"), has brought on line three Gensets at the Guinness brewery in Douala, Cameroon. This follows the completion of all connections at the Guinness brewery with the full transfer from grid power supply to gas fired Gensets. Guinness is an existing thermal customer of GDC and today's news demonstrates the Company's ability to provide alternative energy solutions to the market. Total installed power generating capacity of the six units is 9MW with an estimated average gas consumption of 0.75mmscf/d. The first stage of GDC's expansion into electricity generation supplied by gas is now complete.

http://www.moneyam.com/action/news/showArticle?id=4828281

Anyone know who is representing Vog at the Proactive Investors Forum tomorrow evening ?

http://www.investegate.co.uk/CompData.aspx?code=VOG&tab=announcements
------------------------------------------------------------------

("VOG" or "the Company")

Pilot Borehole Completed Under Wouri River for Bonaberi Gas Supply



VOG, the emerging Cameroon utility company, announces that drilling of a 678m single shot pilot borehole was completed under the Wouri River to Bonaberi in Douala, Cameroon on 31 July 2014. Once the borehole is reamed out and all pipework connected and tested, this extension will open a new market for Gaz du Cameroun, the wholly owned subsidiary of the Company("GDC"). Eleven Gas Supply Agreements ("GSAs") have been signed to date with Bonaberi customers and others are under negotiation.

The drilling was undertaken by contractors Britanica HDD International ("Britanica") under the supervision of GDC staff. This is the first time a horizontal borehole has been drilled for these purposes under a major river in Cameroon. The pilot borehole, some 250 mm in diameter will be progressively reamed out to enable the pulling through of 400mm pipe. This pipe will then be connected to the existing Douala network and the new Bonaberi network, therefore linking two major gas markets.

The operation undertaken by Britanica involved drilling the pilot borehole from the Chantier Naval area and exiting in the Magzi area of Bonaberi. The maximum depth of the borehole below the Wouri River bed was 13 metres.

On the Bonaberi side, the first phase of pipeline planned is 1.5km. To date, 860 metres of 400mm pipeline and 1129 metres of spur lines have been laid. GDC and Britanica are now working to connect the first thermal customers to the Bonaberi network. GDC also continues to work on customer connections on the Douala city side of the river.

Chairman Kevin Foo, said: "The completion of the pilot borehole under the Wouri River is a major milestone for the company and a credit to our contractors Britanica and the GDC team. Once drilling is completed and the pipeline hooked up we can then deliver first gas to Bonaberi customers."

For further information, please visit www.victoriaoi

AES-Sonel 170 billion francs to invest during 2014-2018
By journalducameroun.com - 20/08/2014
These are the estimates submitted by the new general manager of the electricity operator in Cameroon
AES-Sonel plans to invest 170 billion CFA francs for the period 2014 to 2018 to ensure the continuity of public service production and distribution of electricity, according to the estimates of the new CEO of this company, [ Joel Nana Kontchou a2. The new CEO was officially installed in Douala yesterday by the Minister of Water and Energy, Basile Atangana Kouna.

"Given the quality of service requirements, the distribution network will consume almost half of this amount to 75 billion. Next, we will invest $ 47 billion in production, 18 billion in transport and network management and $ 30 billion in the commercial sector, "explains Joel Nana Kontchou in the public press on Wednesday. In terms of investments to make, the former DG Central Africa and West Schlumberger also mentioned the submission to the government a "project for producing electricity from gas to the Gas Company located in Douala Cameroon . This act of generating 50MW, "he says.