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
    

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

banjo
have you seen anything from the invester show that foo did saturday?

jimward9, nothing as yet but haven't looked that hard.

If like last year then we can expect a pdf of the slideshow from Saturdays presentation sometime tomorrow.

Investor Show Presentation - 18th April 2015 coming soon
20 Apr 2015

http://www.victoriaoilandgas.com/investors/presentations-reports

As above the Presentation slideshow is due soon but this is an updated fact sheet modified this morning:

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

Edit Revised Factsheet updated late afternoon:

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

Two new pictures of the Gensets in place at Logbaba power station:

http://www.victoriaoilandgas.com/gaz-du-cameroun/photo-gallery

Investor Show Presentation - 18th April 2015

20 Apr 2015

http://www.victoriaoilandgas.com/sites/default/files/presentations/VOG%20Presentation%20UK%20Investor%20Show%20April%202015.pdf

Victoria Oil & Gas
Posted on 20 April 2015

More good news from VOG and the shares are cruising into new high ground at least on a one year chart. Today the company announced that gas supply to clients of GDC has risen to 9.4 mmscf/d on a seven day average basis with a peak of 10.5 mmscf/d achieved. With the Bassa power plant fully operational and Logbaba looking nearly complete this is full justification of the strategy of the management and proof that the full cycle of exploration through utility sales is not just possible but highly profitable, particularly in a market decidedly lacking in efficient power supply.

abit quiet on here considering whats happening...still sometimes its best that way

It's quiet because most of us are long term holders (not by choice) and it has got a long way to go before we are going to see any profit. The question now is whether it's worth putting in yet more money to average down or to just sit tight and hope the sp gradually crawls back to a reasonable level. I know this seems to be coming good eventually, but KF has made many assurances in the past which have not come to fruition.....until now.

HARRYCAT-you maybe should have averaged down from late 2013 as events were picking up in Cameroon but easy to say in hindsight.

General interest/information

From yesterday's Updated factsheet:

Opportunities for better economics with CHP, Tri and Quad-generation ~ 20mmscf/d

CHP-Cogeneration or combined heat and power (CHP) is the use of a heat engine or power station to generate electricity and useful heat at the same time.

Trigeneration-The production of electricity, heat and cooling in the one process.

Quadgeneration-Quadgeneration encompasses the features of a trigeneration system, with combined electricity, heat and cooling but in addition includes the recovery of carbon dioxide from the exhaust gas. This carbon dioxide is scrubbed and can be used in industrial process or offers the potential for carbon sequestration.

Just added yesterday's updated Factsheet to the news section and thought the 'Market Outlook' worth highlighting and also worth reminding that VOG should be updating (over the next week or two) on the following:

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

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

****************************************************
Market Outlook

. Logbaba LFO (light fuel oil) to gas: 3MW = 3mmscf/d

. Dibamba Power Station expansion I: 50MW = 10mmscf/d, subject to 10 year proven gas reserve

. Dibamba expansion II: 100MW = 20mmscf/d, Dibamba III: 200MW = 40mmscf/d

. Currently identified thermal potential of 10mmscf/d

. Opportunities for better economics with CHP, Tri and Quad-generation ~ 20mmscf/d

. Large CNG market potential of ~ 20mmscf/d

. New exploration and drilling to occur to increase supply in line with these opportunities

. JV and consolidation with other participants in Cameroon to secure additional reserves

Updated Factsheet

Duplicate post of the one below

Worth highlighting as it shows that interest in VOG in Cameroon/Africa is growing:

VOG Sees Flow Rates to Bassa Power Station Rise
Wednesday, April 22, 2015

Victoria Oil & Gas’ wholly owned subsidiary, Gaz du Cameroun (GDC), saw its production rates feeding the Bassa power station rise to 9.4 Mmscf/d on a seven-day average basis. This production rate marks a 114% increase from the beginning of 2015 on a seven-day weekly average basis.

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 is responsible for supplying gas to both the Bassa and Logbaba power stations, where electricity is generated from gas-fired electricity generation sets (gensets).

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 5MW equates to 10.1 Mmscf/d of gas with the minimum take-or-pay terms requiring payment for 90% of this during the dry season and 30% in the wet season, at a fixed price of $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).

I think Kevin Foo/advisors need a medal as it's the first time I've seen a company turn the day trader Bulletin Board posters (iii,LSE & advfn) into investors or at the very least caught them off guard!

VOG appear to be in complete control of raising the share price to at least their Broker's view of 102p in reflecting the value now.

The potential value that Numis will be detailing to the institutional
fund managers and hedge funds and the price that they will have to buy in must be well over 200p,imo.

23 April 2015

Victoria Oil & Gas Plc

("VOG" or "the Company")

ENEO's Logbaba Power Station Online and Production Increase

Highlights

· Logbaba online and delivering 30MW to grid

· Bassa and Logbaba now delivering a total of 50MW to grid

· Average daily gas production since 50MW online is 14.5mmscf/d


Victoria Oil & Gas Plc announces that its 100% owned subsidiary, Gaz du Cameroun S.A. ("GDC"), has commenced supply of gas to the Logbaba power station following successful installation of all gas fired electricity generators by Altaaqa Global ("Altaaqa"). 30MW of power is now being generated at Logbaba as per the contract with ENEO Cameroun S.A. ("ENEO") announced on 29 December 2014.

The supply from Logbaba, coupled with the previously announced 20MW to Bassa power station, meets the 50 MW target and GDC's responsibilities to deliver gas to both stations has now been met. This triggers take or pay conditions in the contract with ENEO. The total project was delivered in less than four months since the contract was signed.


Average gas production since the 50MW has been online is 14.5mmscf/d with a daily peak of 15.3mmscf/d.


Kevin Foo, Executive Chairman, said: "From contract signing to delivery of 50MW to the grid in less than four months is an outstanding example of how the project partners ENEO, Altaaqa and GDC have made this happen. Average production levels have risen to 14.5mmscf/d, three times higher than levels at the end of 2014, which underlines this transformational agreement for VOG and give us confidence GDC can meet its average production target of 10.4mmscf/d for calendar year 2015."

http://www.moneyam.com/action/news/showArticle?id=5021813

Victoria Oil production triples as new power stations come on line
By Philip Whiterow
April 23 2015, 7:41am

Victoria Oil & Gas (LON:VOG) has switched on the second of two power stations it has built recently in Douala in Cameroon.

The stations, Logbaba and Bassa, are now supplying 50Mw of electricity to the local grid using gas supplied from Victoria Oil & Gas’ 60% owned Logbaba field.

Subsidiary Gaz Du Cameroun (GDC) has a two–year deal with local electricity supplier ENEO to supply gas for the stations at a fixed price of US$9/mmbtu.

With the gas supplied to the two stations, average gas production from the Logbaba field has now tripled to an average 14.5mmscf/d with a daily peak of 15.3mmscf/d.

Kevin Foo, executive chairman, hailed the commissioning of the Logbaba station, adding that to get the two plants up and running in less than four months was an outstanding example of co-operation between the partners ENEO, generator supplier Altaaqa and GDC.

“Average production levels have risen to 14.5mmscf/d, three times higher than levels at the end of 2014, which underlines this transformational agreement for VOG and give us confidence GDC can meet its average production target of 10.4mmscf/d for calendar year 2015," he added.

SP Angel Morning Oil & Gas Maxim Resources, Sterling Energy, Trapoil, Victoria Oil & Gas and others
By SP Angel
April 23 2015, 9:31am

News Items

Victoria Oil and Gas (LON:VOG) Cash Flow Positive Ahead

The commissioning of the Bassa and Logbaba power stations marks a significant watershed for the Company in as in our estimates that it has crossed the point at which the Company is cash flow positive.

This is not to be sniffed at, as it means that the Company is now in charge of its own future, and following a period of consolidation in which its cash resources can be rebuilt, it can start to make longer term plans as to what to do next, whether to continue its reach in to the mid and downstream, or whether it wants to expand in the upstream.

We believe that investors should be increasingly happy with the way in which the Company is progressing, and should start to look for ways in which to fully unlock the value that has been created in the midstream business by splitting the upstream and downstream businesses.

http://www.proactiveinvestors.co.uk/columns/sp-angel/18251/sp-angel-morning-oil-gas-maxim-resources-sterling-energy-trapoil-victoria-oil-gas-and-others-18251.html