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Victoria Oil & Gas-The Information & News Thread (VOG)     

banjomick - 07 Jan 2015 21:01

M6eXo3LF_400x400.png       gaz-du-cameroun-logo-1.jpg                                                                        
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

Chart.aspx?Provider=Intra&Code=VOG&Size=400&Skin=RedWhite&Scale=0&Type=2&Cycle=MINUTE1&Layout=Intra;IntraDate&E&Ind=VOLMA(60);&Layout=Intra;IntraDate&E=UK&YFormat=&XCycle=Hour2&Fix=1&SV=0Chart.aspx?Provider=EODIntra&Code=VOG&Size=400&Skin=BlackBlue&Type=2&Scale=0&Cycle=DAY1&Span=YEAR1&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=

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
facebook-logo1.jpg    twitter_logo_right.jpg youtube_logo_small_Cropped.jpg

banjomick - 31 Jul 2017 13:41 - 457 of 701

Victoria Oil & Gas 

Quarterly update time from VOG and things continue to go well across the board, Logbaba gas production had a good quarter, up 11.9% to 14.59 mmscf/d. At La-107 net pay of 35m of high permeability, high porosity gas bearing sands in the Upper Logbaba Formation was slightly better than expected whilst a further 15m of net gas sand has been encountered in the Lower Logbaba Formation. After drilling has been completed here they are going to do the sidetrack on La-108 to access the 100m of gas sands in the original 108 wellbore.

Finances are good despite the cost overrun talked about last time, $7.8m net revenue, $7.6m of cash and $20.7m of net debt as predicted after the recent delay. After La 107 has been flow tested, VOG plans to enter into a number of long-term GSA’s with large offtake customers whilst continuing to supply ENEO under the take or pay agreement. Longer term it is envisaged that an agreement can be reached ‘increasing the current contractual power supply of 50MW to beyond 100MW’. On my recent visit to Cameroon and GDC, I was particularly impressed  not just by the ENEO potential but the way that significant customers in Douala are coming to rely on gas from VOG. Finally the company report that the onshore field development work at Matanda is progressing well, saying that there is an “exciting opportunity to develop gas supply for sale from sources with low capex exposure.” I remain convinced that VOG is not yet properly judged by the market and should be back to the 80p high and then some.

http://www.malcysblog.com/2017/07/oil-price-victoria-oil-gas-premier-oil-finally/

banjomick - 03 Aug 2017 23:23 - 458 of 701

Report & Accounts to 31 December 2016
4 Jun 2017

"Looking back, our strategic decision to lay almost 1km of pipeline under the Wouri River in 2014, to be prepared for the expected industrial expansion in Bonaberi, was prescient. Many industries are now being established in this area and we are ready to supply gas to them."

http://www.victoriaoilandgas.com/sites/default/files/VOGAR16_Web.pdf



Cameroon: Railway viaduct over Wouri River commissioned
Aug 01, 2017

APA – Douala (Cameroon)

The process of commissioning a second bridge over the Wouri River in Douala has taken an important step, with the opening of a railway viaduct, APA can report from Cameroon’s commercial capital on Tuesday.

5980cb543c185116122014.jpg

The opening of the railway track was marked by the running of a freight train, towing fuel tanks and about ten containers on its wagons which plied the state-of-the-art infrastructure.

This represents a decisive step in the execution of such a major project for a second bridge over the Wouri River.

The development of this segment of the railway is not the only visible sign of transformation on the site.

The project has witnessed important progress with a visible layer of bitumen now above the river, perched on concrete shoulders.

Apart from the rail, the completion of the viaduct and access section of the existing bridge are scheduled for 31 December 2017, while the commissioning of the roadwork on the second one is due for 31 October.

Works on the second bridge over the Wouri River are estimated to cost CFA 141.6 billion.

CFA 38 billion of this amount is for the railway viaduct.

logo_final-sm-v2.png

banjomick - 04 Aug 2017 14:01 - 459 of 701

Article is a few months old but highlights the potential increase in gas usage as these cement companies expand:

Cameroon Emerges as Africa Battlefield for Big Cement Makers
By Divine Ntaryike Jr
‎May‎ ‎10‎, ‎2017‎ ‎11‎:‎00‎ ‎PM Updated on ‎May‎ ‎11‎, ‎2017‎ ‎1‎:‎57‎ ‎PM


Dangote, Addoha starting to expand production capacity

Market has opened up after breaking of LafargeHolcim monopoly

Cameroon is fast becoming a battleground for international cement makers drawn by an abundance of major infrastructure projects and the end of a monopoly long held by LafargeHolcim Ltd.

Dangote Cement Plc, Africa’s largest producer of the building material, and Morocco’s Douja Promotion Groupe Addoha SA have both announced an expansion of production capacity in the central African country this year, challenging Cimenteries du Cameroun, a unit of the world’s biggest cement maker, LafargeHolcim. Demand for cement is estimated to grow 8 percent a year by 2020 from 3 percent now, according to Trade Minister Luc-Magloire Mbarga Atangana.

“Not only is the essential building material now sufficiently available even in the remotest hinterlands, production trends are steadily sloping uphill,” Mbarga Atangana said in a May 5 interview in Yaounde, the capital. “Our country is currently under construction with major infrastructure projects including ports, dams, bridges, roads, stadiums and housing.”

The arrival in Cameroon of three foreign cement makers -- the other is Medcem, a unit of Turkey’s Eren Holding -- since the end of Cimenteries du Cameroun’s monopoly in 2012 has come alongside economic growth of 4.4 percent last year, compared with a sub-Saharan African average of 1.4 percent, according to the International Monetary Fund. Projects include the more than 300-kilometer (186 mile) dual-lane highway between Yaounde and Douala, the commercial capital, and a deep-water port in Kribi, a southern coastal town.

As the 2019 host of the Africa Cup of Nations soccer tournament, Cameroon’s government is also spending heavily on stadiums. There’s also a shortage of housing, with the urbanization rate in the country at about 3.5 percent.

Annual cement production stands at 4.2 million metric tons, according to the Ministry of Trade, compared with 1.6 million tons three years ago. That’s before including planned expansion projects, the latest of which was announced by Addoha unit Ciment de l’Afrique last week.

Cimaf, as the company is known, said May 4 it plans to triple the production capacity of its factory in Douala to 1.5 million tons by 2018 to become “a key player” in Cameroon and an exporter to neighboring countries including Gabon, the Central African Republic and Chad. For its part, Cimenteries du Cameroun last year started building a third plant in the country, at Nomayos, near the capital.

Meanwhile, Lagos-based Dangote Cement has this year started construction of a $150 million plant with annual capacity of 1.5-million tons in Yaounde, part of the company’s strategy of expanding outside its home market of Nigeria.

Dangote has been growing market share in Cameroon over the past two years, Paavo Wiro, the company’s country manager, said in an interview. The producer was forced to buy 200 trucks because local truckers initially didn’t want to work with the Nigerian cement maker, he said.

“At the start of 2016, the interest from the local truckers grew again and they came to us,” Wiro said.

https://www.bloomberg.com/news/articles/2017-05-10/cameroon-emerges-as-african-battleground-for-big-cement-makers

banjomick - 15 Aug 2017 00:45 - 460 of 701

Oil Capital Conference - 5th September - London

Oil Capital is the leading investor conference that unites the City’s Oil investors with management from some of the most exciting and fastest-growing oil & gas companies. Oil Capital is now firmly established as the largest oil & gas investor conference in the UK and is hosted at: The Brewery (52 Chiswell St, EC1Y 4SD). Oil Capital is institutionally focussed and is aimed at asset managers, private client brokers, family offices, and wealth managers. It is also open to the high net worth community.

oil-capital-logo.png

banjomick - 17 Aug 2017 09:29 - 461 of 701

17 August 2017
Victoria Oil & Gas Plc

Logbaba Drilling Update

Victoria Oil & Gas Plc is pleased to provide an update on the Group's drilling operations, which are managed by Gaz du Cameroon ("GDC"), a wholly owned subsidiary of VOG.

Highlights:

· Well La-107 successfully reaches target depth of 3,180m measured depth (MD)

· Additional 23m of net gas sand from Lower Logbaba Formation brings total net gas sand encountered in Upper and Lower Logbaba Formations to 58m.

· Liner run and cemented to case off well to depth of 3,177m

· Flow tests planned and La-107 expected to be a producing well by end September

Logbaba Drilling Update

As of 16 August, Well La-107 has been successfully drilled to its planned TD of the 6" hole section at 3,180m MD (3,166m total vertical depth) where the base of the Logbaba Formation was encountered. The 4½" liner has been run and cemented to case off the Lower Logbaba Formation. Production completion is now commencing, after which the rig will be released from the well.

Preliminary analysis of the 107 logs indicates that we have encountered 35m of net gas sand in the Upper Logbaba Formation, as previously announced, plus 23m of net gas sand in the Lower Logbaba Formation.

The production test is expected to commence in the first week of September and, by the end of September, the Board expects that La-107 should be tied in as a production well to the Logbaba production facility.

Following release from La-107, the rig will skid to Well La-108, where sidetrack drilling will recommence. Approximately 100m of net gas-bearing sands have to date been encountered between the top of the Logbaba Formation at 1,670m TVD and at 2,702m TVD at La-108.

GDC's plan is to progressively develop additional gas supplies from Logbaba from wells La-105, La-107 and La-108 over the next 6 months. Following the flow tests from La-107, this well can then be placed into production to supplement gas from La-105. The Board believes that the additional reserves expected from La-107 and La-108 will also allow GDC to conclude longer term contracts with Douala based high-usage gas customers.

Ahmet Dik, CEO, said: "Target depth has been reached at La-107 and the well has been cased and is expected to be a substantial producer. New gas supply is expected to come online during Q3 2017 and this should allow GDC to finalise contracts with high usage customers we have been in discussion with over the past months. It is very satisfying to have over 50m of net gas sands in La-107 "behind pipe" and I would like to congratulate the drilling team on the safe delivery of this well."

http://www.moneyam.com/action/news/showArticle?id=5630208

banjomick - 17 Aug 2017 10:15 - 462 of 701

Victoria Oil & Gas latest Cameroon well should be production by the end of next month
07:48 17 Aug 2017

La-107 had successfully reached its target depth of 3,180 metres

757z468_GDC-Process-Plant-3.jpg

Victoria Oil & Gas plc (LON:VOG) gas well on the outskirts of Cameroon’s second city of Douala is expected to be a “significant” producer, according to the company’s chief executive Ahmet Dik.

His comments accompanied a drilling update in which it was confirmed La-107 had successfully reached its target depth of 3,180 metres.

In doing so it encountered an additional 23 metres of net gas sand since the last update. It brings to the total in the lower and upper Logbaba formations to 58 metres.

Production by the end of September

A liner has been run and cemented to case off well and flow tests are planned with the aim of getting the well producing by the end of September.

CEO Dik said: "Target depth has been reached at La-107 and the well has been cased and is expected to be a substantial producer.

“New gas supply is expected to come online during the third quarter and this should allow [us] to finalise contracts with high usage customers we have been in discussion with over the past months.

“It is very satisfying to have over 50 metres of net gas sands in La-107 ‘behind pipe’ and I would like to congratulate the drilling team on the safe delivery of this well."

http://www.proactiveinvestors.co.uk/companies/news/182587/victoria-oil-gas-latest-cameroon-well-should-be-production-by-the-end-of-next-month-182587.html

banjomick - 17 Aug 2017 11:20 - 463 of 701

Translated via google:

Cameroon: A new well drilled by the British VOG on the Logbaba gas field will go into production in September 2017
Thursday, 17 August 2017

1708-9251-cameroun-un-nouveau-puits-fore

(Cameroon) - Gaz de Cameroon (GDC), a local subsidiary of the British oil and gas producer Victoria Oil and Gas (VOG), responsible for the production and distribution of gas to companies in the Cameroonian economic capital, September 2017, one of two wells drilling began in November 2016, officials said.

" The supply of new gas is expected to be available in the third quarter, which should allow us to finalize contracts with high-use customers, which we have discussed over the last few months," says Ahmet Dik, The CEO of VOG.

Thanks to global investments estimated at about CFAF 115 billion to date, the Logbaba gas project already allows natural gas to be supplied to some thirty companies in the city of Douala, the economic capital of Cameroon.

The project recently saw the arrival in its tour of the National Hydrocarbon Corporation (SNH), the secular arm of the Cameroonian state in the oil and gas exploitation, which took 5% of the assets.


logoIC.png

banjomick - 17 Aug 2017 12:17 - 464 of 701

"First, the construction of a thermal power plant for the production and distribution of electricity in Douala and its surroundings. It will have to produce 150 megawatts of energy." At the very least VOG/GDC would be favorite for supplying natural gas to this plant

Chinese and Norwegian industrialists propose Cameroon mega energy development program
Wednesday, 16 August 2017

(Ecofin Agency) - President Paul Biya met in Yaoundé, Finn Johnsen and Song Dongsheng (photo), chairmen of the Norwegian Green Energy Norway (Grenor) and China Power China International groups respectively.

The two guests of the Unity Palace came to present to the Head of State of Cameroon an offer of industrial development for the country. First, the construction of a thermal power plant for the production and distribution of electricity in Douala and its surroundings. It will have to produce 150 megawatts of energy.

Then there is the extension of the Memve'ele hydroelectric dam (211 MW).

And finally, the construction of a thermal power plant with an estimated production capacity of 1000 megawatts of electricity.

"The Cameroonian government and the electricity distribution company Eneo are the main partners of this project, which aims to make the rich gas potential of the coast of Cameroon profitable and to reduce the energy deficit in our country." , Said the presidency of the Republic.

Finn Johnsen, chairman of the Norwegian group, told the press that this important program is a boon for young people looking for jobs. In total, 800,000 new direct and indirect jobs will be indirectly generated by these investments.

http://www.agenceecofin.com/investissement/1608-49423-des-industriels-chinois-et-norvegien-proposent-au-cameroun-un-mega-programme-de-developpement-energetique

banjomick - 17 Aug 2017 12:32 - 465 of 701

Regarding above and Norwegian Green Energy Norway (Grenor), this power plant has been on the cards fora while:

Grenor Cameroon

Grenor (and Entrogruppen) is in partnership with Fibertech, TPB Sarl, Effektpartner, Grenaa Effektreserve and others for this company in Douala, Cameroon. This company will buy power plants from EffektPartner and Grenaa Effektreserve, and buy additional power plants in order to install 150 MW in douala, Cameroon. There are power outages in Cameroon every day, especially in the dry season (December to June), so their problems are huge and their needs are great. Depending on the progress with the Cameroonian Government, our plan is to be producing power starting first half of 2016. The plan is to use natural gas from local production in Douala.

https://www.entro.no/om-entro/entro-group/


and


Norwegian investment announced for Cameroon gas-fired power plant (10/20/2015)



banjomick - 17 Aug 2017 12:52 - 466 of 701

VOG are obviously(have been for some time) using Proactive to promote the company (investor/public relations), they have just updated their 'The Investment Case':

Victoria Oil & Gas plc: The Investment Case

12:14 17 Aug 2017

La-107 had successfully reached its target depth of 3,180 metres



Shares in Victoria Oil & Gas plc surged 20% after the company gave a bullish update on its drilling programme in Cameroon.

Chief executive Amhet Dik expects La-107, on the Logbaba gas and gas condensate field, to be a “substantial producer”.

The new well, which will be flow tested soon, should be in production by the end of next month, supplying the country’s second city and industrial hub, Douala.

Well reaches target depth

The CEO’s comment came as VOG said La-107 had reached its target depth of 3,180 metres.

In doing so it encountered an additional 23 metres of net gas sand since the last update. It brings the total in the lower and upper Logbaba formations to 58 metres.

Dik said: “New gas supply is expected to come online during the third quarter and this should allow [us] to finalise contracts with high usage customers we have been in discussion with over the past months.

“It is very satisfying to have over 50 metres of net gas sands in La-107 ‘behind pipe’ and I would like to congratulate the drilling team on the safe delivery of this well."

Operating locally as Gas du Cameroun, VOG has pioneered the use of gas in Douala from the Logbaba field, constructing its own, 50km pipe network while helping customers make the switch from ‘dirtier’ fuels that were bad for the environment.

Daily production of 14.5mln cubic feet

In the second-quarter daily production averaged 14.5mln cubic feet, which generated revenues of US$7.8mln for the three months. For the year to December 2016 sales were almost US$33mln.

VOG has ‘doubled up’ on Cameroon by acquiring an 80% stake in the Bomono licence that was owned by explorer Bowleven and taking a 75% stake in the Matanda block. Both border the Logbaba field.

“Very encouraging results from our initial Matanda evaluation enhance the possibility of early identification of drilling targets and updated gas inventory estimates,” CEO Dik said recently.

“The additional acreage at Matanda and Bomono will allow VOG to help realise its plan for major gas production to meet the large unsatisfied energy demand in Cameroon."

The shares, up 56% in the year to date, advanced a further 9.04p, or 19.51% on the back of Thursday’s bullish update.

Broker Shore Capital estimates VOG’s ‘risked’ net asset value to be 170p a share – which suggests the stock would have some way to go hit that target.

http://www.proactiveinvestors.co.uk/companies/news/182587/victoria-oil-gas-jumps-20-after-bullish-cameroon-well-update-182587.html

banjomick - 17 Aug 2017 14:51 - 467 of 701

A bit more information regarding yesterdays news regarding Norwegian Green Energy Norway / Grenor Cameroon, from VOG's Annual Report 2015 (Page 2):

"The market for grid-connected power, in addition to ENEO,
includes several independent power producers who plan to
develop gas-fired projects. Dibamba (200MW), GRENOR
(150MW) and KENDYA NET (340MW) are some of these
aforementioned projects."

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

banjomick - 21 Aug 2017 18:35 - 469 of 701

Malcy still very positive regarding VOG and future progression, from 17:34 onwards:

https://www.voxmarkets.co.uk/blogs/jangada-mines-jan-malcy-on-chris-bailey-on-rat-cna-rat-and-connor-campbell-on-psn-wpp-ccc/

banjomick - 22 Aug 2017 13:59 - 470 of 701

gaz-du-cameroun-logo-1.jpg



Some of our clients include:

gdc-client-lbdc.jpg gdc-client-socaver.jpg gdc-client-eneo.jpg
gdc-client-dangote.jpg gdc-client-camlait.jpg gdc-client-prometal.jpg
gdc-clent-chococam.jpg gdc-client-guiness.jpg gdc-clent-okfood.jpg





Customers by Sector in Douala:

customers-by-sector.jpeghttps://www.gazducameroun.com/our-clients/

banjomick - 23 Aug 2017 09:43 - 471 of 701

Victoria Oil and Gas‏ @victoriaoilgas 41 minutes ago

To answer one sholder query: the new supply contracts we are looking to make, following flow testing, are well known, specific groups



DH5jAiFXsAA5Vqa.jpg
Victoria Oil and Gas‏ @victoriaoilgas 42 minutes ago

VOG Reserve expansion equipment installed. Flow testing end Sept17. VOG +35% since La107 TD.

DH5iOCdW0AA5Att.jpg

Victoria Oil and Gas‏ @victoriaoilgas 41 minutes ago

Compressor & Heat exchanger newly installed to enhance reserves. New VOG Gen. Council on site in front of both.

https://twitter.com/victoriaoilgas

banjomick - 23 Aug 2017 11:05 - 472 of 701

I think someone had a word Re the earlier 'flow testing end Sept17'

Victoria Oil and Gasþ @victoriaoilgas
2 minutes ago

Flow testing on schedule to begin early September 2017.

https://twitter.com/victoriaoilgas

banjomick - 30 Aug 2017 08:54 - 473 of 701

General interest regarding the growth in and around Douala:


Cameroon: Sicc announces the delivery of a shopping area of ​​nearly 1400 shops in 2018, in the city of Douala
Tuesday, 29 August 2017

(Investing in Cameroon) - Initially scheduled for September 2016, delivery of the construction site of nearly 1,400 shops on the former Congo market site in Douala, the economic capital of Cameroon, will finally take place in 2018, Or about 2 years late.

This is at least the new deadline that has just been given by Sicc (SouthWest International Construction Corporation), the fruit of a joint venture between American partners and Cameroonian economic operators. " We were late, of course, but the obstacles were overcome. Today, the lull is recovered, "explained Brigitte Soppo Ngallé, head of Sicc, after leaving an agreement signed with the American partners.

The cost of this project, modeled on a public-private partnership, with the Urban Community of Douala, the super-town hall of the economic capital, is estimated at about CFAF 7 billion. The materials used are prefabricated, thanks to a technology made available by the American partners.

http://www.investiraucameroun.com/entreprises/2908-9322-cameroun-la-societe-sicc-annonce-la-livraison-d-un-espace-marchand-de-pres-de-1400-boutiques-en-2018-dans-la-ville-de-douala

banjomick - 01 Sep 2017 09:11 - 474 of 701

Eneo, a subsidiary of Actis, said it has supplied 130 MW of electric power to Cameroon in the space of 3 years
Thursday, 31 August 2017

(Investing in Cameroon) - In a publication dated August 29, 2017, electrician Eneo, a subsidiary of the British Actis, claims to have supplied the entire Cameroonian electricity system with a 130 MW supply.

3108-9343-eneo-filiale-du-britannique-ac

" Eneo Cameroon's investment in production has enabled the country to acquire new capacities, 50 MW of gas at Logbaba Douala, the rehabilitation of the works, which favored 15 MW of availability at the Central Of Edéa, and +33 MW at the Limbé power station, increased to 84 MW, to mention only those major cases , "the operator claims. He adds that his will is to use the best available technologies to optimize and increase the energy efficiency of his production fleet.

With the current investment plan, Eneo Cameroon says it will focus its efforts on quality of service, especially on challenges such as wooden supports, overloading cables and transformers, etc.

Since 2014, the company has connected 315,000 new families and industries. At the end of June 2017, non-supplied energy was down by 31% compared to the same period in 2016.

The Actis subsidiary has an estimated workforce of 3,700 employees and a portfolio of more than 1 million 150,000 customers.

http://www.investiraucameroun.com/electricite/3108-9343-eneo-filiale-du-britannique-actis-affirme-avoir-dote-le-cameroun-de-130-mw-d-energie-electrique-en-l-espace-de-3-ans

banjomick - 03 Sep 2017 09:43 - 475 of 701

Not sure if Egin SA will be using VOG/GDC gas but either way it highlights the growth in Cameroon:

Cameroon's Egin SA enters cement market as of October 2017
Thursday, 31 August 2017

(Invest in Cameroon) - The Cameroonian company, Egin SA, (General industrial enterprise) is the new actor who will animate the cement market. To this end, Egin signed on 29 August 2017 in Yaoundé, investment agreements with the government, under the guidance of the Investment Promotion Agency (API).

Jean-Pierre Belobo, project manager, announced on this occasion that the first bags of cement will be produced as of October 2017 under the brand name "Lion". Even though he remained undecided about the production of the factory, he said that it is based in Douala. Installation rate: 90%. The raw materials are already ordered. The cost of this investment is estimated at 8.2 billion FCFA for 32 forecast jobs to be created.

According to Mr. Belobo, Egin SA has succeeded in convincing international partners to accompany the Cameroonian promoters. " Cameroon will henceforth be endowed with a technology of last generation for the production of the cement ", he added.

The new cementmaker is entering the pipeline as the battle for leadership rages. At the end of April 2016, Nigerian cement manufacturer Dangote announced that it is the market leader with 50.18% market share in Cameroon. The remaining shares are now shared between Cimencam (Lafarge-Holcim), Cimaf and Medecm Cameroon.

http://www.investiraucameroun.com/entreprises/3108-9341-le-camerounais-egin-s-a-entre-dans-le-marche-du-ciment-des-le-mois-d-octobre-2017


Also from May 2017:

Cameroon Emerges as Africa Battlefield for Big Cement Makers

banjomick - 05 Sep 2017 15:31 - 476 of 701

Presentation slides from this mornings 'Oil Capital Conference' event:

http://www.victoriaoilandgas.com/sites/default/files/presentations/170905%20VOG%20Proactive%20Investor%20Presentation.pdf
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