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
    

Kevin Foo interview yesterday:

http://www.proactiveinvestors.co.uk/LON:VOG/Victoria-Oil-Gas/

https://www.youtube.com/watch?time_continue=13&v=cS6JzJ5UQN0

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/

Some of our clients include:









Customers by Sector in Douala:

https://www.gazducameroun.com/our-clients/

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




Victoria Oil and Gas‏ @victoriaoilgas 42 minutes ago

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



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

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

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

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.



" 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

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

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

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

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

The reason is because MoneyAM's Level 2 system is not correctly sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

Malcy's view on yesterdays presentation:

Chairman of VOG Kevin Foo presents well and with a style that is impossible to resist, describing it as ‘spiky’ I thought the part that I heard was a really good analysis of the company. I have described VOG as historically misunderstood but from the feedback I am getting I suspect that investors are beginning to work out just how attractive the company is, whether you describe it as a full cycle company or maybe more realistically a utility in a market with huge demand it stacks up very well.

http://www.malcysblog.com/2017/09/oil-price-sdx-energy-petrofacsundry-aex-capital-oil-conference-echo-vog-rkh-char-finally/

Another event for VOG tomorrow, this time in the evening:

http://www.proactiveinvestors.co.uk/register/event_details/109

Victoria Oil and Gas‏ @victoriaoilgas 18 hours ago

GDC month-long community cleanup campaign The daily objective was for each person to collect 10kg of waste.

https://twitter.com/victoriaoilgas

As post 475-Not sure if Egin SA will be using VOG/GDC gas but either way it highlights the growth in Cameroon:

The Cameroonian Egin SA aims to produce at least 100,000 tons of cement per year

Wednesday, 13 September 2017

(Invest in Cameroon) - We know a little more about the Cameroonian company, Egin SA, (General industrial enterprise) which will go into production next October.

Authorized sources indicate that Egin is building a cement factory with an annual production capacity of at least 100,000 tons in the Douala Autonomous Port (PAD) industrial area.

The supplier of technical solutions of Egin SA, is the Spanish company Cemengal. The latter has been present on the international cement market for more than 25 years. Cemengal is the inventor of the latest-generation cement production solution Plug & Grind®, which is being installed in Cameroon, and supplier of plants, in the world's largest cement production companies (LafargeHolcim, Cemex, Cimport ...).

Egin aims to manufacture a cement of type "42.5R". This cement is used for seals and solid foundations. It can also be used in the manufacture of mortars and cinder blocks. It will be bagged in 50 kg bags under the brand name "Lion".

Sylvain Andzongo

http://www.investiraucameroun.com/entreprises/1309-9411-le-camerounais-egin-sa-ambitionne-de-produire-au-moins-100-000-tonnes-de-ciment-par-an

General interest:

Eneo Cameroon replaced more than 27,000 wooden poles between January and July 2017
Wednesday, 13 September 2017

(Investing in Cameroon) - Electrician Eneo Cameroon points a total of 27,852 wooden poles replaced on July 31, 2017, against 19,779 in the same period in 2016. This represents a positive change of + 41%.

Moreover, Eneo adds, 1,377 metal supports have been laid, against 264 in the same period in 2016, a positive variation of + 422%. " These efforts improve the quality of service indicator" Energies not supplied by the distribution network (END) ". They are down 21%, compared to the same period in 2016, "said the subsidiary of the British Actis who specifies that the energy not supplied by the transmission network, for their part, decreased by 50%. Combining the two data gives an overall reduction of 31%.

These replacements of electric poles are part of an investment plan announced by Eneo in 2014. The electrician at the time lamented a degraded network with overloaded transformers at 140% and falling poles. A budget of 170 billion FCFA was then voted to remedy the situation over the period 2014-2018.

http://www.investiraucameroun.com/electricite/1309-9413-eneo-cameroon-a-remplace-plus-de-27-000-poteaux-en-bois-entre-janvier-et-juillet-2017

TR-1: Standard form for notification of major holdings

Forest Nominees Limited (GC1) have increased their holding from 5,541,000 to 6,635,305 (6%)

http://www.moneyam.com/action/news/showArticle?id=5672197

LINK-Historic Shareholder Information

Securities in Issue
Number of shares in issue: 110,571,762
Percentage of shares not in public hands: 4.01%
Free Float: 95.99%

Holdings of Significant Shareholders

As of September 2017 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:

Forest Nominees Limited (GC1)---------6,635,305-------6.001%
Majedie Asset Management Ltd---------6,154,761-------5.566%

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

26 September 2017
Victoria Oil & Gas Plc

Successful Flow Tests and First Production Gas from Logbaba Well La-107

· Well La-107 has been completed and classified as production well
· Testing of the well has been completed with a maximum flowrate of
o 54 mmscf/d maximum flowrate through a 70/64ths inch choke
o 146mmscf/d Absolute Open Flow ("AOF") potential
· Well now connected to Logbaba Gas Processing Plant and first gas flowed to the Processing Plant 22 September 2017
· Drilling rig skidded back to La-108 and operations to side track this well have commenced-completion scheduled for Q4 2017

Following the drilling update of 17 August 2017, Victoria Oil & Gas Plc is pleased to announce successful flow tests and first production gas from the Logbaba La-107 well. The well reached target depth of 3,180m, the base of the Logbaba Formation, encountering a total of 58m of net gas bearing sands in the Upper and Lower Logbaba Formations.

Following the installation of the production completion and production tree, La-107 was perforated and flow tested to a maximum rate of 54 mmscf/d on a 70/64ths inch choke, with a stabilised flowing wellhead pressure of 2,951psig. The multi-rate test results indicate that the well has an AOF potential of 146mmscf/d; this is considerably better than expected and compares very well to La-105 which had an initial AOF of 89mmscf/d.

After conducting clean up and flow testing operations the well was connected to the Logbaba Gas Processing Plant and first gas flowed to the processing plant for sales on 22 September 2017.

The drilling rig was released from La-107 on 3 September 2017 and skidded to La-108 to resume drilling operations on that well. Following procedures to re-enter the well, side-track operations commenced on La-108 on 10 September 2017. The side-track is planned to re-drill the 8½" hole section which was previously lost, where more than 100m of net gas-bearing sands were encountered at intervals between the top of the Logbaba Formation at 2,107m MD and 2,760m MD.

The combined testing and drilling operations on both La-107 and La-108 were planned and conducted under industry recognized Simultaneous Operations Procedures (SIMOPs) to ensure a safe, efficient and successful outcome of a complex operation.

Ahmet Dik, VOG CEO said, "These flow tests exceeded our expectations and La-107 is considered a production well. We can now move to finalise long term gas supply contracts with high volume customers. Our next task is the safe and successful completion of the La-108 side track and to capture as much as the 100m of sands in that well as possible. These wells have been difficult and expensive to drill and the La-107 success is a credit to our operations and drilling teams."

The Board is pleased to confirm that the Company`s Interim Accounts will be released on, or before, 30 September 2017.


Sam Metcalfe, the Company's Subsurface Manager has reviewed and approved the technical information contained in this announcement.

http://www.moneyam.com/action/news/showArticle?id=5678732

GDC team produced film of successful testing in the flare pit

https://video214.com/play/1MXHCbwddy1Zi6VlhH9DIQ/s/dark