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
    

23 March 2015

Victoria Oil & Gas Plc

("VOG" or "the Company")

First Power Online at Bassa Power Station, Cameroon


Highlights

· 20MW of gas generated power now being supplied to grid from Bassa Power Station

· Total GDC gas production now approximately 8.5 mmscf/d

· 30MW Logbaba Power Station now expected online in April



Victoria Oil & Gas Plc announces that its 100% owned subsidiary, Gaz du Cameroun S.A. ("GDC"), is now supplying approximately 4.5 mmscf/d of gas to the sixteen Altaaqa Gensets installed at Bassa Power Station. Following the pipeline connection to Bassa by GDC and the successful installation of the Gensets by Altaaqa, 20MW of power generated is now being fed into the grid. Total GDC gas production has risen from 4.5mmsc/d to approximately 8.5 mmscf/d.



With the Bassa power supply online, Altaaqa will now focus on completion of Genset installation at the 30MW Logbaba Power Station. The original schedule of having all 50MW online by the end of March 2015 is now expected in April 2015 due to shipping delays.



Kevin Foo, Executive Chairman, said: "4.5mmscf/d of gas from Logbaba to supply 20MW of power from Bassa to the National Grid is a proud achievement for GDC and an important step forward for Cameroon. Our partners Altaaqa and ENEO deserve hearty congratulations. All companies are now focussed on delivering the 30MW from the Logbaba Station."



Joel Nana Kontchou, CEO ENEO Cameroon, said: "The project addresses a shortage in the country's electricity supply due to a strong increase of demand combined with a lack of a reserve for the electric system; it will help to cover the demand of electricity and that's our way of feeling the pain of Cameroonians. We are pleased to work with GDC and Altaaqa, companies that share our deep commitment to responding to Cameroon's critical infrastructure needs."

http://www.moneyam.com/action/news/showArticle?id=5000219

Victoria Oil & Gas starts supply to first power plant in Cameroon
By Philip Whiterow
March 23 2015

Victoria Oil and Gas (LON:VOG) has started to supply gas to the first of two new power stations at Douala, Cameroon.

The Bassa power station is now producing 20Mw using approximately 4.5 mmscf per day of gas supplied by Victoria’s Cameroon subsidiary, Gaz Du Cameroun (GDC), from the Logbaba field.

GDC‘s total gas production has risen to 8.5 mmscf daily from 4.5mmsc/d as a result.

The second station, the 30MW Logbaba plant, is now expected to come online in April with the commissioning schedule put back slightly due to shipping delays.

Kevin Foo, Victoria Oil’s executive chairman, said: "4.5mmscf/d of gas from Logbaba to supply 20MW of power from Bassa to the National Grid is a proud achievement for GDC and an important step forward for Cameroon."

Joel Nana Kontchou, the chief executive of power group and GDC’s customer ENEO Cameroon, added: "The project addresses a shortage in the country's electricity supply due to a strong increase of demand combined with a lack of a reserve for the electric system.“

and a new picture:


Gensets on site at Bassa Power Station

VOG have updated the 'Share Information' page, there are no changes from last update on 27th November 2014:

Securities in Issue

Number of shares in issue: 108,713,809

Percentage of shares not in public hands: 4.90%

Free Float: 95.10%


Holdings of Significant Shareholders

As of March 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------------------6.408%
GB Trustees Limited------------------------3,268,100-----------------3.006%


Capital Reorganisation

At the Annual General Meeting held on 26 November 2014, shareholder approval was received for a consolidation and sub-division of the Company’s share capital (“Capital Reorganisation”). The Capital Reorganisation was implemented effective 27 November 2014 and the shareholders received one consolidated ordinary share of 20 pence for existing 40 ordinary shares of 0.5 pence (“Consolidation”). Immediately following the Consolidation, each consolidated ordinary share was subdivided into one new ordinary share of 0.5 pence and one new deferred share of 19.5 pence. Prior to the Capital Reorganisation, the Company’s ordinary share capital consisted of 4,348,552,329 ordinary shares of 0.5 pence, and subsequent to the Capital Reorganisation, the Company’s ordinary share capital consists of 108,713,809 ordinary shares of 0.5 pence with voting rights listed on AIM and 108,713,809 deferred shares of 19.5 pence with no voting rights. (include a cross reference link to the 2014 AGM sub heading where the shareholder circular and the FAQs are available)

On 27 November 2014, 108,713,809 ordinary shares of 0.5 pence the new shares were admitted to trading on AIM.


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

This is just part of the main article that covers Dangote Cement across the whole of Africa:

Dangote’s Pan-African Cement Drive
24 Mar 2015



Cameroun Operation Begins

As part of its pan-African expansion drive, the management of Dangote Cement Plc, has started production at its $150 million Cameroon plant, with the factory set to hit maximum production in August.

The 1.5 million tonnes per annum capacity plant, the company said, is ready and would commence initial production at one million tons per annum before productions would be stepped to maximum capacity level

General Manager, Abdulahi Baba, said the plant would revolutionalise the cement industry in Cameroun and help stimulate the Eastern African economy, by churning out its known quality grade of 42.5 at a very competitive price.

According to him, the plant is ready, adding that what remains to be completed are the final fine-tuning as well as access roads to the plant.

Baba explained that the plant would be the most modern in Cameroon because of the latest technologies used in the construction from Germany, USA, France and put together by the renowned plant engineers from Sinoma.

He said that production would be carried out in the most environmental friendly manner, pointing out that the dust emission by the plant would be lower than the 50mm international standard.

He noted that but for the soil test that was carried out showing that the entire plant areas needed to be piled, the factory would be have been ready now.

Baba said Cameroonians were eager to see Dangote Cement begin operations at the Douala plant because of the exploit of the company in other countries and that the Company had enjoyed cooperation both from the host communities and the government of the country.


He promised that Dangote Cement as a law abiding organisation would play by the rules of the land and that it would replace its robust Corporate Social Services in the host community.

On the economic benefit of the commencement of operation, Baba stated that over 1000 people would be employed directly by the plant while over 5000 would benefit from the indirect employment to be generated by production activities of the plant.
“We will produce 42.5 grade cement here in Cameroon and at a very competitive price. The Cement distributors here, the consumers are all eager to have our product and we will not disappoint them.
“They have been used to a particular product before, but we are offering them choices, quality choices at very reasonable price”
He also said plans were on for the construction of a jetty by the plant which is just by the water front and near the Douala sea port. This, he explained would make it easy to bring in raw materials and also help in the distribution of the product to other areas.

Baba said the management of the company looked forward to a mutual beneficial relationship with the government of Cameroun and that the start of production of cement will stimulate the industrial sub sector of Cameroon.

http://www.thisdaylive.com/articles/dangote-s-pan-african-cement-drive/204904/

Updated broker forecasts as of today......Numis are now quoted (VOG's own Broker) :


http://www.hl.co.uk/shares/shares-search-results/v/victoria-oil-and-gas-plc-ordinary-0.5p?tab=broker_forecasts


Edit-Worth adding this from the HL site:


One or more of the brokers quoted may make a market in the shares or be broker to the company and therefore receive a fee. This means they may have a conflict of interest.

Target prices are generally the price a broker expects the share to reach at some time over 12 months from when it is issued.

Broker breakdown, consensus and notes provided by MoneyAM.

What to expect over the next few weeks:

1. News on Logbaba power station ie gas supply on-line.

2. News on Dangote cement plant ie gas supply on-line.

3. UK Investor Show (18 April 2015) Kevin Foo is one of the featured speakers along with Victoria Oil & Gas exhibiting there.

This is 3 days old now but maybe of interest:

Victoria Oil & Gas
Posted on 23 March 2015

Readers will know that I have been very positive on VOG in recent months and this optimism is again justified by the company announcing today that it has hit another target in its operations in Cameroon.

The Bassa power station is now supplying 20 MW to the grid using 4.5mmscf/d from Logbaba making sales from there of 8.5mmscf/d in total.

All eyes are now on the Logbaba power station itself which will deliver 30 MW to the grid and should be up and running in April. At that stage GDC will be selling around 10.4mmscf/d or more depending on the season, where peak sales will be in excess of 13mmscf/d.

This has been a well planned, delivered and executed project which will use gas from VOG’s Logbaba discovery for an economy that is highly dependent on power generation, further exploration discoveries can only add significant value for VOG, the recent price rises are no flash in the pan.

I didn't know Malcolm Graham-Wood of Malcysblog was on Tip TV this morning until I just seen the post over on LSE:

Published on 26 Mar 2015

Oil Analysis with Malcolm Graham-Wood of Malcysblog looking at Bowleven (BLVN.L), Faroe (FPM.L), Sound Oil (SOU.L), Victoria Oil and Gas (VOG.L), Gulfsands (GPX.L), Hunting PLC (HTG.L).

"Kevin Foo, Executive Chairman, said: "4.5mmscf/d of gas from Logbaba to supply 20MW of power from Bassa to the National Grid is a proud achievement for GDC and an important step forward for Cameroon. Our partners Altaaqa and ENEO deserve hearty congratulations. All companies are now focussed on delivering the 30MW from the Logbaba Station."

Joel Nana Kontchou, CEO ENEO Cameroon, said: "The project addresses a shortage in the country's electricity supply due to a strong increase of demand combined with a lack of a reserve for the electric system; it will help to cover the demand of electricity and that's our way of feeling the pain of Cameroonians. We are pleased to work with GDC and Altaaqa, companies that share our deep commitment to responding to Cameroon's critical infrastructure needs.""

First Power Online at Bassa Power Station, Cameroon



Worth highlighting both Altaaqa and ENEO:

26 March 2015
Cameroon in production in Q1 2015

At the end of 2014 we were readying our 1.5mt grinding plant in the port at Douala, following an investment of $140m. Initially the plant will be supplied with clinker from the Far East but our intention is to supply it with clinker from Nigeria from 2015. We believe clinker supplied from our own plants will be of much higher quality than imported clinker, thereby enabling us to use less clinker to make the same amount of finished cement, when compared with imported clinkers.

Cameroon has good market potential, with cement consumption of around 2.5 million tonnes in 2014, of which nearly half was imported. The government has now stopped importation of bulk and bagged cement and we have an immediate opportunity to substitute a significant amount of importation in the first year of operation. Furthermore, by producing higher-quality 42.5-grade cement and focusing on good customer service, we are confident of a successful entry into this growing African market.

With a population of nearly 21 million and per-capita consumption of just 66kg, there will be plenty of scope for increased consumption if the country achieves the 5% GDP growth forecast by the IMF in 2015 and 2016. In time we will export to Chad and other inland neighbours where pricing is considerably higher than the $180-$200 being achieved at retail in Cameroon.

Dangote Cement announces 2014 results

April edition of 'Business in Cameroon':

Translated by Google:

Cameroon: While "several months", Douala will experience power cuts - 09/04/2015

In the coming days, the city of Douala, the economic capital of Cameroon, will experience disruption in the distribution of electricity. These disruptions could last "a few months" according to a statement that has just released Eneo , the concessionaire of the public electricity service in the country. Indeed, we learn, Eneo will launch work "renewal of a backbone artery that feeds the city of Douala," for the "modernization of the network" in the economic capital.

Specifically, the company says, "the sections of 90 KV lines Logbaba-Bassa Bassa-Deïdo and Deïdo-Bonabéri" will be replaced to "double their capacity energy transit". "The goal through the implementation of this action plan is to increase the city the power capacity and significantly improve the availability of electric power, we rely on the household and indulgence traders of the city following the possible inconveniences which implementation of these essential works, "says Eneo.

Indeed, more than households, it is the companies of the Cameroonian economic capital should pay the highest price for the work advertised on the grid of the city of Douala. This is all the portions of the network affected by these major works are those from which are fed the industrial areas of Bassa and Bonabéri in which are concentrated most of the industrial structures of the city.

To overcome the electrical energy that is not always available, both because of recurring failures on the network than the overall deficit facing the country, twenty companies of industrial zones and Bassa is Bonabéri are already connected to the company's pipeline of Cameroon Gas, a subsidiary of the British Victoria Oil & Gas (VOG), to feed gas produced from gas fields Logbaba. However, the vast majority of businesses in the Cameroonian economic capital remains dependent on the power grid Eneo and preparing to live for "a few months", new galleys detrimental to their business.

Source: © Invest In Cameroon

Aliko Dangote’s cement factory launches production
Saturday, 11 April 2015



(Business in Cameroon) - At the end of March, production commenced at Dangote’s cement factory in Douala, Cameroon’s economic capital. The company will now begin to sell its products.

Originally set at one million tonnes, Dangote Cement Cameroon’s factory will actually produce 1.6 million tonnes per annum, according to figures revised after the plant’s opening. The Dangote group will launch its Cameroonian subsidiary with a production volume equal to that of the Lafarge group’s subsidiary, Cimenteries du Cameroon (Cimencam) which held the monopoly on the cement market for almost 50 years.

With an investment totalling 50 billion FCFA, Dangote’s cement factory in Douala will have a permanent staff of 77 Cameroonians, 11 expatriates and around 250 temporary workers each month. It will help to increase national production from 2.1 million tonnes (1.6 million tonnes for Cimencam and 500,000 tonnes for the Addoha group’s Cimaf) to 3.7 million tonnes, enabling national demand to be met while exporting to countries within the sub-region.

From the last interim results:

"GDC is also in the process of making final connections to the Dangote cement plant, a business located on the Douala shore and a major thermal supply customer."

27 Feb 2015-Interim results for the six months ended 30 November 2014


Dangote Cement assures Cameroon govt of increased production
By News Express on 13/04/2015

The management of the leading Pan African Cement Manufacturer, the Dangote Cement Plc has assured the government of Cameroon that it would help shore up local production of the vital product following the ban on importation of cement into Cameroon.

The assurance came in the wake of the formal launching of the Company’s high grade 42.5 cement type into the Cameroonian market after a successful inauguration of the company’s 1.5m MTPA capacity cement plant in Douala.

The Dangote Cement management also told newsmen that it appreciated the gesture of the Cameroonian government and that the ban was a vote of confidence on the ability of cement manufacturers in the country, especially Dangote Cement, to meet and surpass local consumption demands.

General Manager and head of Cameroonian factory, Engr Abdulahi Baba, said with the addition of Dangote’s 1.5m MTPA, the three manufacturers of cement in the country are about surpassing local consumption demands and that Dangote management is already looking towards export prospects to neighboring countries.

Baba said Cameroon, with a consumption growth of eight per cent, and with a local production of 2.9m MTPA, the Dangote management was looking at export potentials in Chad, Central African Republic, Garbon, Equitorial Guinea and Togo even as the Company considers future expansion.

He said the plant has one of the most recent facilities of ensuring that there are no dust emissions during production. He said the company has put strategies in place to achieve 30 per cent market share, saying there was also plans of achieving 30 per cent export of total production.

Baba said demand is growing everyday because of the infrastructural developmental efforts of the government. “We will take the advantage of the ban on cement importation here in Cameroon. We have structured distributorship system in place. Our route to market is very clear and defined.

14th April 2015

Victoria Oil & Gas Plc

("VOG" or "the Company")

UK Investor Show Attendance, London

Victoria Oil & Gas Plc will be attending the UK Investor Show 2015 this Saturday 18th April at the Queen Elizabeth Conference Centre in Central London (Westminster underground station).

Victoria Oil & Gas Plc will be hosting the booth F52 at the event and Kevin Foo, Chairman, will also be participating in the following events:

· Presentation on Victoria Oil & Gas at 13:45, Whittle seminar room C

· Resources seminar panel discussion from 12.20 to 13.10. at the Churchill Auditorium


http://www.moneyam.com/action/news/showArticle?id=5015504

Videos of both events should be available via Youtube

A good possibility of an update before the UK Investor Show this Saturday, if last year is anything to go by:


04/04/14 07:00 Victoria Oil & Gas (VOG) Logbaba Project Update, Cameroon RNS

01/04/14 07:00 Victoria Oil & Gas (VOG) UK Investor Show

Victoria Oil & Gas PLC

17 April 2015



Victoria Oil & Gas Plc

("VOG" or "the Company")

Production Update - 9.4 mmscf/d
Logbaba Power Station Installation Nears Completion



Highlights

· Achieved 9.4 mmscf/d average gas production average (7 day) following Phase 1 ENEO connections

o 114% increase in gas supply to customers since beginning of 2015

o 10.5 mmscf/d peak production rate

o 9.6 mmscf/d 5 day working week average (high demand period)

· Take-or-pay gas supply agreement triggered at 20MW Bassa Power Station

· Balance of Gensets cleared customs, under installation at 30MW Logbaba Power Station





Victoria Oil & Gas PLC (AIM: VOG) today announces that gas supply to industrial customers in Cameroon, from its wholly owned subsidiary Gaz du Cameroun S.A. ("GDC"), has risen to 9.4 mmscf/d on a seven-day average basis following increased production to feed the Bassa power station. This production rate marks a 114% increase from the beginning of the year on a seven-day weekly average basis. The five-day 'working week' average, the high use period for GDC, is now at 9.6 mmscf/d with a peak production rate of 10.5 mmscf/d.



The Bassa Power station is supplied with gas under an agreement signed with ENEO Cameroon S.A ("ENEO"), a company partly owned and operated by UK based Actis and the state power company in Cameroon. GDC is responsible for supplying gas to both the Bassa and Logbaba power stations, where electricity is generated from gas fired electricity generation sets ("Gensets") supplied and operated by project partners Altaaqa Global ("Altaaqa").



Under the terms signed with ENEO, minimum take or pay elements come on-line guaranteeing fixed levels of revenue for the Company, once 20MW of power is made available at Bassa and 50MW of power is made available at both Bassa and Logbaba power stations. A maximum combined power generation of approximately 50MW equates to 10.1 mmscf/d of gas with the minimum take-or-pay terms requiring payment for90% of this during the dry season (January-June), and 30% in the wet season (July-December), at a fixed price of US$9/mmbtu. Take-or-pay obligations have been satisfied at the Bassa Power Station, following consistent generation of 20MW of power.



The completion of the Logbaba power station has now entered its final phase, with all remaining Gensets released from customs and being installed by Altaaqa. The installation is expected to be completed soon and Logbaba will thereafter meet its 30MW supply target (6.06 mmscf/d).



Kevin Foo, Executive Chairman, said: "Our gas production has doubled since the beginning of the year, and for the first time our peak production has broken the 10 mmscf/d threshold. This is a big achievement for VOG and the continuation of what I expect to be a successful 2015 for the Company."

http://www.moneyam.com/action/news/showArticle?id=5018798

Victoria Oil & Gas subsidiary doubles gas production in Cameroon
By Andrew Neil
April 17 2015, 6:01pm


Kevin Foo, VOG executive chairman, said: "Our gas production has doubled since the beginning of the year, and for the first time our peak production has broken the 10 mmscf/d threshold."


Victoria Oil & Gas (LON:VOG) told investors late on Friday that gas supply to industrial customers in Cameroon has shot up after increased production to feed the Bassa power station.

Gas supply from its wholly owned subsidiary Gaz du Cameroun, has risen to 9.4 million standard cubic feet per day (mmscf/d) on a seven-day average basis.

The production rate marks a 114% increase from the beginning of the year on a seven-day weekly average basis.

The five-day 'working week' average, the high use period for GDC, is now at 9.6 mmscf/d with a peak production rate of 10.5 mmscf/d.

Kevin Foo, executive chairman, said: "Our gas production has doubled since the beginning of the year, and for the first time our peak production has broken the 10 mmscf/d threshold.

“This is a big achievement for VOG and the continuation of what I expect to be a successful 2015 for the Company."

The Bassa power station is supplied with gas under an agreement signed with ENEO Cameroon, a company partly owned and operated by UK based Actis and the state power company in Cameroon.

GDC supplys gas to both the Bassa and Logbaba power stations, where electricity is generated from gas fired electricity generation sets ("Gensets") supplied and operated by project partners Altaaqa Global.

The company added that completion of the Logbaba power station has now entered its final phase, with all remaining Gensets released from customs and being installed by Altaaqa. The installation is expected to be completed soon and Logbaba will thereafter meet its 30MW supply target (6.06 mmscf/d).

The production update has now been added to the VOG website:

Production Update