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
    

10 July 2018
Victoria Oil & Gas Plc

Notice of General Meeting ("GM")

Victoria Oil & Gas Plc is pleased to announce that a Notice of a General Meeting together with a proxy form has been posted to the shareholders in accordance with individual request.

The GM to consider the Accounts will be held on 7 August 2018 at the offices of Kerman & Co LLP, 200 Strand, London, WC2R 1DJ at 11.00am.

These documents are also available on the Company's website
http://www.victoriaoilandgas.com/ShareholderMeetings

http://www.moneyam.com/action/news/showArticle?id=6047180

Victoria Oil and Gas
@victoriaoilgas
22 hours ago

Congratulations to everyone from @ExproGroup at our #Logbaba Gas Plant who are celebrating 6 years of continuous operation with No Loss Time Injury. We are extremely proud of our safety culture which has allowed us to reach this remarkable achievement #VOG #exprogroup #safety

https://twitter.com/victoriaoilgas


Bits and bobs regarding Expro Group:

Expro provide gas-to-power Early Production Facility (EPF) in Cameroon

Expro Group Website

General interest,Translated via google:

Afreximbank and BDEAC agree on financing of 327 billion FCFA for CEMAC integrating projects
Friday, July 13, 2018


(Invest in Cameroon) - The Central African Development Bank (BDEAC) and the African Export-Import Bank (Afreximbank) signed a co-financing framework agreement of $ 500 million on July 11 euros (about 327.5 billion FCFA), in favor of CEMAC. The signing of the convention took place in Abuja, Nigeria, between Afreximbank President, Dr Benedict Oramah (photo, left), and his BDEAC counterpart, Fortunato Ofa Mbo Nchama (photo, right).

With this financial support, BDEAC affirms that it will be able to respond to the numerous requests for financing projects from the CEMAC countries, made up of Cameroon, CAR, Congo, Gabon, Equatorial Guinea and Cameroon. Chad.

These countries have " resolutely directed their economic policies towards the diversification of economies, with a view to building their development in a sustainable manner ", welcomes the Bank.

On the other hand, says BDEAC, this partnership offers Afreximbank an opportunity to participate in the economic and social development of the countries of the sub-region, through the financing of integrating projects and projects that promote intra-regional trade. -African. In the end, this gives the opportunity to have a better visibility of Afreximbank in Central Africa.

https://www.investiraucameroun.com/banque/1307-11117-afreximbank-et-la-bdeac-s-accordent-sur-un-financement-de-327-milliards-fcfa-pour-des-projets-integrateurs-de-la-cemac

General interest,Translated via google:

Cameroon to submit to the World Bank a project to electrify 687 localities
Tuesday, July 17, 2018



(Invest in Cameroon) - In December 2018, the Cameroonian government aims to submit to the Board of Directors of the World Bank, for funding, a project to electrify 687 localities of the country, through the construction and rehabilitation of lines medium and low voltages.

According to the information revealed on this project, during a workshop held last week in Yaounde, the capital of the country, the project of rural electrification and access to energy in underserved areas in Cameroon ( Perace), will be implemented in six regions of the country: North-West, South-West, Adamaoua, North, Far-North and East.

The perace, which will have to emerge from the dark around 370 000 households, will swallow more than 130 billion CFA francs and should benefit from the financial support of other partners of Cameroon, such as the European Investment Bank, one learns from good sources

https://www.investiraucameroun.com/electricite/1707-11131-le-cameroun-va-soumettre-a-la-banque-mondiale-un-projet-d-electrification-de-687-localites

Decision-making by organizations in an environment that is complex and full of paradoxes
20/07/2018

Joël NANA KONTCHOU , General Manager, Eneo Cameroon Speech during the National Management Days, 28 June 2018

https://eneocameroon.cm/index.php/en/actualite-communiques-en/communiques-communiques-de-presse-en/2679-complexite-et-paradoxes-de-la-prise-de-decision-dans-les-organisations-en

https://eneocameroon.cm/images/pdf/2806Paradox_Decision_Making_Management_Eneo_GM_GICAM.pdf

YF Finance Limited have increased their holding from 3.53% to 4.18%

http://www.moneyam.com/action/news/showArticle?id=6076908

and VOG have updated their website to reflect this increase:

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

so why is YF buying if vog is such a dog?

banjo..take that comment back on lse or i will sue you for slander

I apologise maestro, I was getting you mixed up with someone else.

7 August 2018
Victoria Oil & Gas Plc

Result of General Meeting ("GM")

Victoria Oil and Gas Plc, is pleased to announce that, at the GM of the Company held this morning, the resolution proposed in the Notice of General Meeting which was sent to shareholders, dated 4 July 2018, was duly passed.

http://www.moneyam.com/action/news/showArticle?id=6082463

banjo...was winding you up mate

Thank god for that, I was getting worried! Taught me a lesson anyway so cheers for that.

General interest (Updating):

Feb 2018 Energy access for structural transformation and sustainable
development in Africa, Bangkok

Jan 2018 Power in Africa: Prospects for an Economic Foothold

At the end of the day it's just another persons view but possibly a more informed view point?

Malcy’s Blog bucket list (Update-Aug 14, 2018) VOG 17:08 in:

https://www.youtube.com/watch?v=reiTKEeUFlM

***Updated Post***

17 August 2018
Victoria Oil & Gas Plc

Q2 2018 Operations Update

Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, provides an update on the Group's operations for the three months ended 30 June 2018 ("Q2 18" or "the Quarter").

Highlights:


· Gaz du Cameroun S.A. ("GDC") remains confident of a resolution with ENEO Cameroon SA ("ENEO") with regards to the grid power supply issue

· CNG agreement to partner with Naturelgaz Sanayi ve Ticaret A.S ("Naturelgaz") announced on 26 June 2018 provides GDC with the opportunity to reach larger customers beyond the current pipeline infrastructure

· GDC added two new customers during Q2 2018

· Positive reserves update following the completion of the drilling campaign

GDC remains engaged with ENEO following the non-renewal of the grid power gas sale agreement at the end of December 2017, as announced on 5 January 2018. As a result of sales to ENEO not recommencing during Q2 18, the gas consumption levels from GDC's 57% participating interest in the Logbaba Project in Douala, Cameroon, are at similar levels to those reported in Q1 18.



Logbaba - Quarterly production update

The Q2 18 gross and net gas and condensate sales for Logbaba and GDC, are as follows; amounts in bold are gas and condensate sales attributable to GDC (57%):

***See Link at BOP***

ENEO update

The Government of Cameroon, ENEO, Altaaqa Global ("Altaaqa"), the genset providers to ENEO which consume GDC's gas, and GDC continue to seek a resolution to the suspension of sales to the ENEO owned Logbaba and Bassa power stations in Douala.

GDC remains confident that a solution will be found, and all parties are actively engaged in the process. The shortfalls in power supply in Cameroon continue, with hydroelectric schemes not meeting the current demand.

Customer developments

During the quarter, GDC commissioned one new thermal customer and one new retail power customer. In addition, an existing thermal customer, Camlait, commissioned a retail power solution. Production levels have increased from 3.3mmscf/d during Q2 2018 to 4.4mmscf/d during August 2018.

Because of the current power shortages in Douala, several existing and new customers have expressed interest in the retail power solutions which GDC is offering and we expect to have several of these customers signed up by year end ready for consumption of gas for power generation.

GDC is expediting its support to manufacturers and producers in Douala who are facing regular power disruptions by providing bespoke gas fired power generation for individual customers or groups of customers. As most of these proposed power customers are already connected to the gas pipeline network, adding a gas to power generation solution would increase gas consumption with minimal capital costs for GDC.

On 26 June 2018 the Company announced an agreement to partner with Naturelgaz on CNG projects. Naturelgaz is Europe's largest CNG supplier and distributor and brings valuable expertise within this field to support GDC. The project will afford GDC the opportunity to reach larger customers beyond the pipeline infrastructure and aims to replace diesel and heavy fuel oils in a variety of applications. As part of a customer diversification strategy, active discussions are underway with a number of such potential customers.

Reserves update

On 4 June 2018, the Company announced that a full subsurface reinterpretation of the Logbaba Field had been completed following conclusion of the 2017 drilling campaign. This incorporated the reprocessed historic seismic data and the new well data as a basis for ongoing reservoir development, which led to a material upgrade in the reserves of the Logbaba Field as follows:

***See Link at BOP***

Q2 2018 Operations Update

From earlier today a:


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
YF Finance Limited have increased their holding from 4.18% to 6.54%

http://www.moneyam.com/action/news/showArticle?id=6100877

and also a:

TR-1: Standard form for notification of major holdings

Majedie Asset Management Limited have reduced their percentage holding from 5.59% to 4.05%

http://www.moneyam.com/action/news/showArticle?id=6100876

Very confusing because, as of 21 June 2018 they held 8,093,473 (5.6%) which was with a total of 145,059,728 shares in issue!

Now they hold 6,093,473 (4.05%) which is with a total of 150,446,457 shares in issue!

Hmmm, maybe have another look tomorrow....

Edit

Basically they have sold 2,000,000 shares which is now reflected with the new total shares in issue............pheeeew! :-)

Haven't had chance yet to listen to all the video but great to see Kevin in the studio with positive news regarding ENEO:

Proactive Investors Stocktube

Published on Aug 24, 2018

Kevin Foo, chairman of Victoria Oil & Gas plc (LON:VOG), spoke to Proactive's Andrew Scott following the release of their Q2 operations update.

Foo says he's confident a solution can be found 'within weeks' to end the suspension of gas sales to their main customer ENEO Cameroon SA.

He also discusses their recent deal with Naturelgaz regarding compressed natural gas solutions, as potential alternative products to diesel and heavy fuel oils.

Foo says active discussions are underway with a number of potential customers.


https://www.youtube.com/watch?time_continue=787&v=Pjmhg6auRLU

All being well this all ties in with Kevin Foo's belief that ENEO will initially be taking electricity from the Logbaba 30MW power station in two weeks IE paying for VOG/GDC gas to supply generators with Bassa 20MW following shortly afterwards:

CAMEROON RENEWS ACTIS CONCESSION
Written by Journalducameroun
Saturday, August 25, 2018 10:21

In early August 2018, the Cameroonian authorities granted the extension of the concession for the distribution of electricity to the company. Actis has officially obtained the extension of its concession in Cameroon. The British investment fund owner Eneo, a company responsible for the distribution of electricity in Cameroon, had been waiting for the "good news" of the government for several months. He made the announcement on September 27, 2017. Basile Atangana Kouna, then Minister of Water and Energy, had said that this extension would be signed no later than October 15, 2017. The member of the government had added that the President of the Republic had marked his "very high agreement" for this operation. It took ten months for this contract renewal. According to "The letter of the continent", this issue was made possible after tough negotiations.

Actis, which owns 56% of Eneo's shares, had slammed an investment plan pending agreement to extend its lease. For several months, the company had been asking for the extension of its concession in order to formally raise a long-term loan of nearly 200 billion CFA francs for its investment program. Lenders would require to have a term of the concession that covers the repayment term.

https://www.camnews24.net/fr/economie/cameroun/55546-le-cameroun-renouvelle-la-concession-dactis

General interest (Translated via Google):

In 2026, natural gas will outperform oil and become the main source of energy in the world (Study)
September 10, 2018


(Agence Ecofin) - Natural gas will account for a quarter of the world's energy by 2026 and will become the primary source of energy, ahead of oil and coal. This is essentially what emerges from the new study of the Norwegian shipping classification company DNV GL, named: 2018 Energy Transition Outlook.

This study comes exactly one year after another of the same type, led by the company, which predicted that natural gas would emerge as the world's largest source of energy in 2034.

According to the study's developments, global oil demand will peak in 2023 and natural gas demand will continue to increase until 2034. Anything that will only be possible with the upsurge of upstream investment. To this end, the document forecasts an increase in global gas expenditures up from $ 960 billion in 2015 to a peak of $ 1.13 trillion in 2025.

Among other highlights of this study, Northeastern Eurasia, the Middle East and North Africa will continue to account for most of conventional gas production by 2050, while North America will continue to dominate unconventional gas production. In offshore, the Middle East and North Africa will experience the highest annual rate of gas production, by at least 2050.

In addition, DNV GL expects global liquefaction capacity to double by the end of the 2040s. As for gas trade, that of sub-Saharan Africa to India and South-East Asia should increase very strongly.

https://www.agenceecofin.com/gaz-naturel/1009-59805-en-2026-le-gaz-naturel-surclassera-le-petrole-et-deviendra-la-principale-source-d-energie-du-monde-etude

General interest (Translated via Google):

Cameroon has increased energy supply by about 550 MW between 2011 and 2018
19 September 2018



(Invest in Cameroon) - As part of its seven-year review, the Ministry of Water and Energy (Minee) reports that Cameroon has increased energy supply by about 550 MW, between 2011 and 2018. The installed capacity increased from 900 MW to 1442 MW.

This increase of the installed capacity, explains the Minee, was made with the construction of the energetic works. These are: the thermal emergency program consisting of the thermal power plants of Ahala (60 MW), Mbalmayo (10 MW), Ebolowa (10 MW) and Bamenda (20 MW); the Kribi gas thermal power plant (216 MW); the Lom Pangar hydroelectric dam with its 6 billion cubic meters reservoir of water; the Memve'ele hydroelectric facility (211 MW) and the Mekin hydroelectric facility (15 MW).

The end of the seven-year period has also helped increase the population's access to electricity by connecting more than 400,000 additional subscribers. The number of subscribers increased from 800,000 at the beginning of the seven-year period to 1,200,000 at the end of the seven-year period, an increase of 50%. In addition, the population experienced only one increase in the electricity rate in 2012.

https://www.investiraucameroun.com/electricite/1909-11397-le-cameroun-a-augmente-loffre-energetique-d-environ-550-mw-entre-2011-et-2018