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
    

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

28 September 2018
Victoria Oil & Gas Plc


INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2018


Victoria Oil & Gas Plc, the integrated natural gas producing utility, today announces its unaudited interim results for the six months ended 30 June 2018.



Operational Highlights

· Average daily Logbaba field gross production rate fell to 3.40mmscf/d (six months to 30 June 2017: 14.6mmscf/d). 650mmscf of gross gas sold from Logbaba (six months to 30 June 2017: 2,345mmscf), reflecting the non-renewal of the grid power gas sales agreement

· Gaz du Cameroun S.A. ("GDC") added three new thermal and industrial power generation customers to the pipeline network in the six months to 30 June 2018

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

· GDC remains confident that a resolution with ENEO Cameroon SA ("ENEO") with regards to the grid power supply issue will be agreed in the near term



Logbaba Subsurface Highlights

· Subsurface reinterpretation complete and new subsurface model developed integrating re-processed seismic and new well data with historic field mapping

· Proved reserves (1P) defined by connected volumes to all the wells drilled into Logbaba increased 73% to 69bcf (internal estimates)

· Field remaining 2P reserves revised to 309bcf, an increase of 106bcf (52%) (internal estimates)

· Reserves / production ratio (2P) increased to 10yrs at 90mmscfd which supports growth in the Douala market and is expected to underpin new long-term gas contracts


Financial Highlights

· $5.0 million Revenue (six months to 30 June 2017: $15.4 million)

· $0.03 million EBITDA (six months to 30 June 2017: $4.4 million)

· $18.6 million Net Debt position (at 31 December 2017: $13.1 million)

· BGFI Bank debt successfully restructured with 12 months interest only payments

***More via link below***

http://www.moneyam.com/action/news/showArticle?id=6147245

General interest:


The future of Africa’s energy sector is big and bright, says Pan African businessman

ENERGY / 2 OCTOBER 2018, 6:00PM / MEL FRYKBERG

https://www.iol.co.za/business-report/energy/feature-the-future-of-africas-energy-sector-is-big-and-bright-says-pan-african-businessman-17315849

General interest:


Energy Finance in Sub-Saharan Africa

http://www.eib.org/attachments/country/energy_finance_in_sub_saharan_africa_en.pdf

22 October 2018
Victoria Oil & Gas Plc


Q3 2018 Operations Update and Non-Grid Business Developments


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 September 2018 ("Q3 18" or "the Quarter").

Highlights:



· Gross gas sales increased by 11% on Q2 to 356mmscf

· Average gas production increased by 12% on Q2 to 3.72mmscf/d

· 4 additional thermal customers consumed gas during Q3 2018 and an additional customer was connected for industrial power just after quarter end

· GDC signed GSA's with 4 new customers for Industrial Power during the quarter

· W/E 19 October 2018 average gross gas sales of 4.6mmscf/d

· Focus on non-grid customer build out via three new business units



The Board is pleased to provide more details of its "Non-Grid" business which is focused on increasing gas sales and revenue via increased thermal sales, the roll out of its Industrial Power Unit and establishment and growth of the compressed natural gas (CNG) Unit with partners Naturelgaz of Turkey. The Company is also pleased to introduce its "Energy Well" concept which aims to provide power to people in Cameroon that have no access to grid power.


Logbaba - Quarterly Production Update

The Q3 18 gross and net gas and condensate sales for Logbaba and Gaz du Cameroun S a, ("GDC"), are as follows.

Amounts in bold are gas and condensate sales attributable to GDC (57%):

***See link at BOP***

Grid Power Update

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

GDC remains confident that a solution with ENEO will be found, but a resolution has been further delayed because of the recent Presidential elections in Cameroon.

The shortfalls in power supply in Cameroon continue, with hydroelectric schemes not meeting the current demand. VOG will make further announcements when appropriate.


Consumption Increased


During the quarter, GDC increased consumption through the commissioning of two new thermal customers, in addition to the resumption of two former thermal customers who had not consumed since August 2017. The Company also connected an existing thermal customer for industrial power during the quarter and post quarter end has commissioned their generator. Peak consumption during the quarter was 4.98mmscf/d and average gas sales through week ending 19 October 2018 were 4.6mmscf/d with and peak of 5.6mmscf/d.

Overall, gross gas sales have increased 11% since Q2 to 356mmscf or an average of 3.72mmscf/d for the quarter and are expected by the Board to grow to 5 mmscf/d by year end.

Non-Grid Business Development


The Board has carefully assessed the future Cameroon business model and it is clear that whilst gas supply for grid power, to ENEO and to others, will always be a key strategy of the Group, the Board believes that it is important to diversify the customer base to reduce dependence on any single customer.

Rebalancing of Group customer consumption with an emphasis on non-grid has been a major driver. As a result of the considerable reserves upgrade announced in June 2018, the Company can seek long term sales contracts, both grid and non-grid. Accordingly, key focuses of management have been to:

· Increase thermal consumption by actively marketing the benefits of natural gas over liquid fuels

· Accelerate the Groups gas to power programme for Industrial Power (formerly called retail) customers

· Leverage VOG's relationship with Naturelgaz, aimed at bringing first CNG customers online in 2019; and

· Examine potential rural energy needs using CNG as a key fuel that allows integrated and distributed power solutions for communities with no grid power access. The Group's "Energy Well" solution is set out in more detail below.


Industrial Power Unit

With recurrent power shortages in Douala, over 30 existing and new customers have expressed interest in an industrial power solution; the GDC Industrial Power Unit. As most of these proposed power customers are already connected to GDC's gas pipeline, adding a gas fired generator would increase gas consumption with minimal downstream costs for GDC.

GDC are aggressively targeting industries within Douala to supply consistent, reliable and clean energy solutions in a turnkey package, with an all-inclusive capital and gas price. Previously, customers found it difficult to switch to their own power generation because of the capital cost required.

Working with international and local banks, GDC has developed a bespoke solution to finance the gas fired generators and have them installed at client premises with limited upfront cost to the customer. In return for a 10-year commitment, and minimum guaranteed volumes customers will pay an all-inclusive gas price which captures:

· Financing of the generators

· Installation and commissioning costs

· The gas consumed, and

· Operation and maintenance costs of the generator


This will ensure 24/7 availability for the generator and provide power utilisation times that match customer requirements and removes grid reliance. The customer will receive a single integrated monthly gas invoice.

Industrial Power is expected to yield substantial revenues over the next 10 years for GDC. GDC has completed negotiations with and issued GSA's to 11 customers and signed GSA's with 4 customers. We expect a further 7 customers to sign in the near term. GDC is working with Altaaqa and other equipment suppliers to fast track 6 generators for customers who wish to have power online this year and the Board believes that these customers will initially consume over 1mmscf/d of gas at a price of $13 per MMBtu.

As customer roll out continues, the target is to have over 18 gas to power customers online by end of 2019, consuming over 4.5mmscf/d of gas with no seasonality, in addition to the thermal demand.

CNG Development

On 26 June 2018 the Company announced an agreement to partner with Naturelgaz Sanayi ve Ticaret A.S.("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 allow GDC to reach to reach larger customers beyond the pipeline infrastructure and aims to replace diesel and heavy fuel oils in a variety of applications. In 2017, Naturelgaz produced and sold over 5.2bcf of CNG in Turkey.

GDC and Naturelgaz have completed positive feasibility and marketing studies on the CNG project in Cameroon. CNG, which is a cleaner fuel at a competitive price competes with liquid fuels such as fuel oil, LPG or diesel. Marketing studies by GDC/Naturelgaz have concluded that five types of customers would use CNG in Cameroon; thermal, off-grid power generation, commercial trucking, public transportation, and domestic transportation. The studies indicate the near-term potential of the CNG market, within a 60 km radius of the Logbaba facilities, is 2mmscf/d thermal and 2mmscf/d industrial power. The pricing of CNG will be benchmarked against competing liquid fuels. To date, 20 customers have expressed interest in CNG within a 60 km radius of Douala.

The partnership will provide CNG infrastructure for customers in and around Douala, with the intention of rolling the concept out further in the longer term. GDC will supply natural gas, land space and support services to the CNG production facilities, whilst Naturelgaz will design, build and operate the CNG production, distribution and offloading facilities. Negotiations on the commercial structure of this initiative are ongoing and expected to be concluded during Q4 2018.

A new business concept: The Energy Well

The term Energy Well is derived from the timeless tradition of villagers drawing from local water wells. VOG has taken this tradition and adapted it for the purposes of energy supply.

Seventy four percent of the Cameroon population has access to the National Grid and 86% of the population lives within 15km of the power network. However, household electrification stands at only 23%. There are approximately 8 million rural Cameroonians who have no access to grid electricity. This situation is replicated in many African nations where less than 10% of the rural population has access to reliable grid electricity.

The average rural household in Cameroon requires about 1kWh of energy per day.

VOG believes CNG is the bridge between renewable energy and traditional hydrocarbons and that its Energy Well system can provide a seamless, clean and reliable energy solution to regions that are currently poorly served.

CNG produced by GDC would be trucked to cell towers, or other locations where electricity is generated, to power the cell tower and create energy to store in large onsite batteries or for distribution to local mini or micro grids. Villagers can collect or have delivered smaller rechargeable batteries to use them in their homes as standalone energy banks or to augment solar or wind power if available, to meet their domestic power consumption needs. Consumers would pay upon receipt for battery rental or CNG bottles via mobile phone Apps.

Underpinning the Energy Well concept is VOG's ability to monitor, manage and immediately monetise energy, be it in the form of compressed natural gas in transit or the electricity stored in batteries throughout the supply chain. GDC has teamed up with leading edge US company Blocksyte Inc on development of the Blockchain elements of Energy Wells. The Company is working with Blocksyte, Altaaqa and others to start limited field tests this year on the key components of the business.


Upstream Resource Development

VOG is working on several activities to enhance the asset value of the Company. In Cameroon these are focused on securing the resources necessary to grow production and gas sales in the medium to long term.

Logbaba

The Logbaba exploitation license covers 20 km2 from the original 64 km2 exploration license. Negotiations have commenced to secure the remaining 44 km2 of the license of the Logbaba area.

Matanda


The PSC amendments necessary to complete the assignment of the Matanda PSC to VOG have been agreed with National Hydrocarbons Corporation, Cameroon (SNH). We have been informed that application has been made for the Presidential Decree and should be issued shortly.

West Medvezhye

Discussions are continuing with several interested parties in respect of the developing the West Medvezhye oil discovery in Russia. The Company's preferred option remains an outright sale.

https://www.moneyam.com/action/news/showArticle?id=6175371

Victoria Oil & Gas advancing its non-grid solutions as gas sales rise-Video

https://www.youtube.com/watch?v=ezzk8zOHhCM

General interest:

Large hydropower dams 'not sustainable' in the developing world
By Matt McGrath
Environment correspondent
5 November 2018

A new study says that many large-scale hydropower projects in Europe and the US have been disastrous for the environment.
Dozens of these dams are being removed every year, with many considered dangerous and uneconomic.

But the authors fear that the unsustainable nature of these projects has not been recognised in the developing world.

Thousands of new dams are now being planned for rivers in Africa and Asia.

https://www.bbc.co.uk/news/science-environment-46098118

Cameroon: Newly elected head of state Paul Biya takes oath and sets course for Sept. 2018-2025
Wednesday, 07 November 2018

(Invest in Cameroon) - Re-elected after the presidential election of October 7, 2018 with 71.28% of the vote, Paul Biya, the head of state of Cameroon, was sworn in Parliament on November 6, in Yaounde.

After having made a solemn commitment to exercise the presidential office, Mr. Biya delivered a speech setting his seventh term of office for the period 2018-2025. " We will continue our structural reforms to strengthen our fiscal balance and strengthen the sustainability of our debt. Sound finances are indeed the condition of the attractiveness of an economy and, therefore, its ability to host investments. "Said the President of the Republic.

Paul Biya said he will develop sectors of the economy that can significantly reduce imports of goods and services. Moreover, he urged the government to carry out a true "agricultural revolution" by modernizing the means of production and further transforming agricultural products. This should go hand in hand with the provision of new equipment, storage warehouses and access roads.

The state will continue, according to Mr. Biya, to exploit all the available sites and waterways in order to make Cameroon, a major electricity producer in the continent. In the same way, the State will continue to develop transport infrastructure (roads, ports, airports) for the benefit of the Cameroonian economy but also, to facilitate communications with neighboring countries.

Paul Biya made a personal commitment " to promote the revival of economic growth, creating jobs, especially for young people, and likely to improve purchasing power; to promote the role of women in our society; to facilitate the social integration of young people by further developing our education system, at all levels and with a focus on professionalisation; to fight against exclusion, in particular by better protecting people with disabilities ".

During the current seven-year term, the Head of State promised to strengthen the health system, opening new hospitals and finalizing an effective social security system; to promote a social housing policy worthy of the name; enhance the cultural heritage. Not to mention, finally, to give the sports sector the support it deserves, so that the efforts made to host the African Cup of Nations (CAN) 2019 receive their just reward.

https://www.investiraucameroun.com/politique/0711-11672-cameroun-le-chef-de-letat-paul-biya-nouvellement-elu-prete-serment-et-fixe-le-cap-du-septennat-2018-2025

Global Investment Holdings (Naturelgaz) have updated their website regarding the VOG agreement:


Partnership with Victoria Oil & Gas Plc

Naturelgaz has entered into an exclusive agreement to partner with Gaz du Cameroun S.A. (GDC). Gaz du Cameroun is a wholly-owned subsidiary of Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor and listed on the AIM market of the London Stock Exchange under the ticker VOG.

The purpose of this long-term partnership will be to:

-Design, build and operate compressed natural gas (“CNG”) infrastructure and solutions for customers who need mobile energy, initially in GDC’s home market of Cameroon with the intention of rolling this out into other African countries.

-Market CNG products, including bulk CNG and gas-to-power to industry and businesses which require reliable off-grid / off-pipeline energy solutions, as well as Auto CNG for alternative mobility solutions.

-Phase 1 agreed between the parties is a 2mmscf/d (21mscm/y) CNG plant and customer distribution project currently in design stage.


About Victoria Oil & Gas:

Victoria Oil & Gas Plc ("VOG" or "the Company") is a fully-integrated onshore gas producer and distributor with operations located in the port city of Douala, Cameroon. Through the Company's wholly-owned subsidiary, Gaz du Cameroun S.A. ("GDC"), VOG delivers gas via a 50km gas distribution pipeline network to a range of major industrial customers.

Since spudding its first wells in 2010, the Company has grown to become the dominant player in the Cameroon onshore gas market, primarily through the 57% owned Logbaba gas project. GDC is partnered on this project with RSM Production Company ("RSM"), and Société Nationale des Hydrocarbures ("SNH"), who have holdings of 38% and 5% respectively. Subject to government approval VOG will extend it acreage over the highly prospective Douala Basin with the addition of the Matanda license area.

Victoria Oil & Gas is listed on the AIM market of the London Stock Exchange under the ticker VOG.

From the Global Investment Holdings site:
https://globalyatirim.com.tr/en/investments/industrial/compressed-naturel-gas

From the Naturelgaz site:
http://www.naturelgaz.com/

Interesting article pertaining to VOG/GDC in many ways:

How emerging markets in Africa can transform utilities through disruptive technology.
By Yvonne Andiva - Last Updated: Nov 21, 2018

The entire installed generation capacity of Africa’s 48 Sub-Saharan countries is just 68 gigawatts, no more than Spain; this is according to the Africa’s Infrastructure report conducted by the World Bank. Up to one-quarter of that capacity is unavailable because of aging plants and poor maintenance. In Sub-Saharan Africa, just one person in five has access to electricity. If current trends continue, fewer than 40% of Sub-Saharan African countries will reach universal access to electricity by 2050. Per capita consumption of electricity in Sub-Saharan Africa (excluding South Africa) averages only 124 kilowatt-hours a year and is falling. The rate of consumption is barely 1% of that in high-income countries. If entirely allocated to household lighting, it would hardly be enough to power one light bulb per person for three hours a day.

Marleze van Loggerenberg who is the Head of Business Development Africa at Wipro Limited, had an exclusive interview with Construction Review on how emerging markets in Africa can transform utilities through disruptive technology.

She recently attended the Sub Saharan Africa Power Summit in South Africa which according to her was a very eye opening summit. What stood out for her was that in attendance were various African countries including South Africa, the senior decision makers from the IPP, PPP and National Power communities across the region. Also, how people came together to discuss the challenges that Africa is facing and trying to find solutions around it and the real time interactions among the people was very successful.

https://constructionreviewonline.com/2018/11/how-emerging-markets-in-africa-can-transform-utilities-through-disruptive-technology/

Translated via google:

The Cameroonian electrician Eneo closed the year 2017 with a net profit of 4.3 billion FCFA, driven by the good performance of the financial activity
Thursday, 22 November 2018



(Invest in Cameroon) - The net profit realized at the end of 2017 by Eneo, a company controlled by the British investment fund Actis and concessionaire of the public utility of electricity in Cameroon, is up by 1.7 billion CFA francs, from 2.5 billion CFA francs in 2016 to CFAF 4.3 billion a year later.

According to the financial report of the company, which has just been made public, although it is " relatively interesting ", this result is more the result of a " better performance of the financial activity, particularly depreciation charges , financial provisions and financial expenses " .

Indeed, the Eneo financial report 2017 reveals a decrease of 2.7 billion CFA francs on the operating result, proof that the main activity of the company (production and distribution of electric energy) was much less profitable in 2017 than in 2016.

This situation is the result of ever higher operating expenses (expenditures), which increased by 31.5 billion CFA francs between 2016 and 2017, while revenues (revenues), they knew a lot growth. less vigorous 28.7 billion CFA francs, over a period of one year, a gap of nearly 3 billion CFA francs.

https://www.investiraucameroun.com/entreprises/2211-11765-l-electricien-camerounais-eneo-a-cloture-l-annee-2017-par-un-benefice-net-de-4-3-milliards-fcfa-tire-par-les-bonnes-performances-de-l-activite-financiere

Link to the ENEO 2017 Annual Report:

https://eneocameroon.cm/images/pdf/RapportAnnuel/NRNEneo17va.pdf

EU joins AfDB to finance electricity interconnection between Cameroon and Chad
Friday, 11 January 2019



(Invest in Cameroon) - On 20 December 2018, the European Commission and the African Development Bank (AfDB) signed an agreement in the form of a grant of € 30 million 20 billion FCFA), for the financing of the electricity interconnection project between Chad and Cameroon, announced the AfDB in an official statement issued on 9 January 2019.

" The African Development Bank had given the green light, in December 2017, to finance 65% of the project of electricity interconnection Cameroon-Chad, a cost of 399 million euros (about 262 billion FCFA). The donation made by the European Commission represents 7.5% of this amount. ", Says the pan-African bank.

This project, which is expected to be completed by 2022, will improve the economic and social development framework in Chad and Cameroon by increasing the rate of access to electricity and cross-border energy exchanges. cheap and cleaner.

https://www.investiraucameroun.com/electricite/1101-11973-l-ue-s-associe-a-la-bad-pour-financer-l-interconnexion-electrique-entre-le-cameroun-et-le-tchad

**********************************************************

General interest (Translated via google):

EIB interested in financing electricity interconnection between Cameroon and Chad


Tuesday, 04 December 2018

(Invest in Cameroon) - The electricity interconnection project between Cameroon and the Republic of Chad is closely monitored by the European Investment Bank (EIB), said Andrea Pinna, head of the EIB's Central Africa.

It was during a recent descent on the site of the Lom Pangar dam, an infrastructure built in the eastern region of Cameroon, for which the EIB has made available financing of nearly 20 billion CFA francs.

" You know that the potential of Cameroon is immense. It is one of the most important in Africa. The Sanaga River, alone, allows the generation of more than 6000 MW. For Cameroon, it is an immense opportunity to become an exporter of electrical energy. And to do this, there is need for interconnection lines with neighboring countries. One of the lines that the EIB is studying is the interconnection line between Cameroon and Chad, "he said.

According to the Cameroonian authorities, this project for which the AfDB provided partial financing (in 2013), for the purpose of carrying out feasibility studies, aims at the construction of a 700 km electric transmission line between Ngaoundere and Maroua, at the Cameroon, and N'Djamena, Chad. It is also planned a 250 km ramp between Maroua (Cameroon), Mogrom and Ndjamena (Chad).

https://www.investiraucameroun.com/electricite/0412-11821-la-bei-interessee-par-le-financement-de-l-interconnexion-electrique-entre-le-cameroun-et-le-tchad

General interest (Translated via google):

Despite cash tensions, the Cameroonian electrician Eneo claims 35 billion FCFA of investments in 2017
Monday, 10 December 2018




(Invest in Cameroon) - During the year 2017, Eneo, the concessionaire of the public electricity service in Cameroon, has invested on its network the trifle of 35 billion FCFA, one learns in the official financial statements of the 'business.

This producer and distributor of electricity, controlled by the British investment fund Actis, was able to secure the same investment envelope as in 2016 (35.1 billion FCFA), despite "the tense situation of the treasury of the company " over the year 2017, which is consecutive, in part, to the arrears of bill payments of large customers, among which we find the State.

According to Eneo, 50% of the investments made in 2017 were directed towards the distribution network; This led to an overall drop of 30% in the number of undistributed energies and the connection of 99,431 new families and businesses to the electricity grid.

A significant portion of the investments was allocated to the production segment, with achievements such as the commissioning of a new 10 MW power plant in the city of Maroua in August 2017; continuation of the rehabilitation program for the Song Loulou hydroelectric facility; the rehabilitation works at the Oyomabang Thermal Power Plant ...

In the transport segment, Yaoundé's power supply has been secured, Eneo points out, as well as pylons have been rehabilitated on some of the network's strategic transmission lines, etc.

https://www.investiraucameroun.com/entreprises/1012-11847-en-depit-des-tensions-de-tresorerie-l-electricien-camerounais-eneo-revendique-35-milliards-fcfa-d-investissements-en-2017

General interest (Translated via google):

Cameroon: Indian company Kalpataru wins $ 110 million market in electric transportation
Thursday, December 13, 2018




(Invest in Cameroon) - The Ministry of Water and Energy (Minee) announces progress on the project to build the 225-kV electricity transmission line between Nkongsamba-Bafoussam and Yaoundé-Abong- Mbang.

These advances also concern the construction of the THT 225/90 / 30kV substation in Bafoussam as well as the extensions of the Ahala, Abong-Mbang and Bekoko substations.

These projects are mainly aimed at interconnecting the Southern Network with that of the East of the country through the Abong-Mbang substation.

In December, says the Minee, the preliminary design studies are completed and the government has signed a commercial contract with the Indian company Kalpataru. The financing agreement, worth US $ 110 million, was signed with Exim Bank India.

Also according to the Minee, the company Kalpataru has also finalized the studies and is mobilized in the field. The contract with the project management has already been signed.

Kalpataru Power Transmission Limited (KPTL) is one of the leading players in the global energy transportation market. Established in 1969, it is a diversified conglomerate encompassing real estate, electricity generation and transmission, road, plant, building, oil and gas infrastructure and agro-processing. logistics.

https://www.investiraucameroun.com/electricite/1312-11875-cameroun-l-entreprise-indienne-kalpataru-decroche-un-marche-de-110-millions-de-dollars-dans-le-transport-electrique

when are the next results from the company due?

tomoro...i bought back in today...the shareprice in now ridiculously cheap that i'm expecting a bid soon... £25m market cap with all that infra structure and gas reserves...come on someone is having a laughhhhhhh!

The Results for the year ended 31 December 2018 will be around May/June 2019!


Last year there was a Year End Update on 21st December and the next quarterly Operations Update (Q4) will be end of January or during February.