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
    

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

Numis stays buy on Victoria Oil & Gas, target raised to 103p from 102p.

Victoria Oil & Gas
Posted on 23 April 2015

Final news today that the Logbaba power station is online and delivering 30 MW of power to the grid. Along with Bassa that means that 50 MW are being delivered in line with expectations and pretty much on time. Average daily gas production is now 14.5 mmscf/d with a peak of 15.3 mmscf/d. The long term target is 10.4 mmscf/d bearing in mind volumes change due to the seasons. The shares are up again today and have doubled since the December low, whilst this is no mean feat it is not undeserved and the company will be profitable in 2015 with significant further opportunities in country. I remain resolutely positive on VOG despite the recent run.

Victoria Oil & Gas has ‘turned the corner’ – chairman (VIDEO)
ProactiveInvestors Stocktube
Published on 23 Apr 2015


Kevin Foo, the chairman of Victoria Oil & Gas (LON:VOG), believes the company has turned the corner now it 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 50 megawatts of electricity to the local grid using gas supplied from Victoria Oil & Gas’s 60%-owned Logbaba field. Foo says he is confident the group can meet the target gas production of 10.5 million standard cubic feet for this year. He would like to see that double again the following year.

https://www.youtube.com/watch?v=-UqvIxHl80E

General interest article and where it says "Once completed, the power plants will provide a sustainable and reliable source of electricity for the country" they are now both completed and on-line.

Temporary power complements conventional, renewable power
Published 24 Apr 15
By: Mia Breytenbach


GENERATION BOOST Temporary power plants can assist other energy sources while these sources are being enhanced to better serve Southern Africa

Electrical energy provided by temporary power plants can boost the electricity generation of not only conventional power sources as they are being maintained or constructed, but also renewable-energy sources as they are being stabilised and enhanced.

There is, therefore, substantial potential for the temporary power industry to provide electricity generation in Southern Africa, affirms temporary solutions provider Altaaqa Global.

Subsequently, there is an aggressive drive in the region to refurbish conventional or permanent power plants and to construct renewable power sources in key areas, highlights Altaaqa Global CAT Rental Power marketing manager Robert Bagatsing.

He adds that temporary power plants can assist other energy sources while these sources are being enhanced to better serve Southern Africa, further pointing out that permanent, or conventional, power plants might take decades to construct and commission, owing to the many details and stages involved.

“As Southern Africa progresses into economic stability, with maintained buoyancy, the different sources of energy, be it temporary, renewable or conventional, will play a role in the region’s development and growth.”

Bagatsing also highlights that temporary power plants can be used in various situations, such as during planned or unplanned shutdowns of permanent power plants, natural disasters, unforeseen demand spikes, grid optimisation, load-shedding, rural electrification and the enhancement of renewable power sources, as well as peak lopping.

Use is made of an additional power source in synchronisation with a mains power supply to deliver enough power to meet peak demand that cannot be met by the mains supply. Moreover, temporary large-scale power plants can be used for several months to avoid power interruptions and to ensure that critical areas, such as airports, data centres or hospitals, have electricity supply.

Ecofriendly Electricity

Altaaqa Global is working on a project in Douala, Cameroon, which involves generators running on ecofriendly, natural gas. The company is using equipment that is cost efficient and environment friendly for the natural gas temporary power plant, Bagatsing says.

The project, which is being completed in collaboration with Cameroon’s power utility company Eneo, power generator gas provider Gaz du Cameroun and its parent company African energy supplier Victoria Oil & Gas, involves the construction of two rental power plants. Once completed, the power plants will provide a sustainable and reliable source of electricity for the country, he says.

Bagatsing further highlights one of Altaaqa Global’s ecofriendly offerings, which is the XQ1475G power generator, and which uses a G3516C island-mode, compact and four-stroke-cycle gas engine.

“These generators meet most worldwide emission requirements, which require 250 mg/Nm3 of mononitrogen oxides, nitric oxide and nitrogen dioxide levels without aftertreatment. The equipment is perfect for projects where low emissions, a fast setup and reliable operation are critical,” Bagatsing stresses.

He adds that, through its work with fuel suppliers and power companies in various countries, Altaaqa Global presents a business case model for all power utilities in Africa, which Bagatsing believes is a viable solution with significant socioeconomic impact.

He further emphasises clients’ need for equipment efficiency, reliability and durability, noting their keenness for the environment-friendly qualities of the natural-powered generators. Clients also scout for providers that offer real-time after-sales service.

“Moreover, because one of the foremost problems facing remote areas is the lack of power transmission and distribution infrastructure, Altaaqa Global concentrates its research and development (R&D) efforts on developing products that mitigate this challenge.

“As a result, no matter how far-flung an area is, regardless of power infrastructure being present or absent, Altaaqa Global can provide the appropriate solution,” Bagatsing states.

He adds that, as the drive for electrification, operational flexibility and environmental stewardship becomes more challenging, Altaaqa Global has also concentrated its R&D efforts on creating products that will set new standards in the energy industry.

These include the fleet power generators that can connect directly to the grid and do not need substations, and flexible power solutions to support the baseload, as well as intermediate, peak or standby power generation.

“We can change the operational mode from island mode to grid mode to standby power mode, and we can provide generators that operate on gas and dual fuel, comprising 70% gas and 30% diesel,” Bagatsing concludes.

Company News
By Beaufort Securities
April 24 2015, 7:54am

Victoria Oil & Gas (LON:VOG) – Speculative Buy

Yesterday, Victoria Oil & Gas informed that its wholly owned subsidiary, Gaz du Cameroun had commenced gas supply to the Logbaba power station, after Altaaqa Global installed the all gas fired electricity generators. As a result, the Logbaba is now producing 30MW power, in line with the contract with ENEO Cameroun on 29th December 2014. The additional supply along with the earlier supply of 20MW by the Bassa power station, meets the 50MW target and the GDC’s responsibilities to deliver gas to both stations as per the contract with ENEO. The project was delivered within four months of signing the contract and the current average gas production stands at 14.5 million cubic feet of gas per day (mmscf/d), with a daily peak of 15.3 5mmscf/d.

Our view: The commencement of gas supply to the Logbaba power plant marks the achievement of an important milestone for the company. More importantly, the company achieved this feat in less than four months and attained an average production level of 14.5mmscf/d that underscores our confidence in its ability to meets the target production rate of 10.4mmscf/d in 2015. In December, the company had signed a major gas sales agreement with ENEO Cameroon to supply gas at the two power stations for US$9 per million British thermal Unit. While the supply contracts may not aggregate to a significant amount, they do ensure a stable long-term revenue stream. The company has displayed a disciplined approach in achieving the feat while working within strict timelines. Going forward, we believe that the company stands a good change to become the partner of choice for nearby operators as it seeks additional new customers. Thus, in view of the overall optimism, we reiterate our Speculative Buy rating.

http://www.proactiveinvestors.co.uk/columns/beaufort-securities/18257/beaufort-securities-breakfast-alert-victoria-oil-gas-acacia-mining-horizon-discovery-group-taylor-wimpey-and-others-18257.html

By Andrew Neil, Proactive Investors, For Thisismoney.co.uk

Published: 15:01, 24 April 2015 | Updated: 15:56, 24 April 2015


Victoria Oil & Gas shares added 12 per cent this week to 83p as Kevin Foo, the chairman, said the company had 'turned a corner'.

The business has become a significant domestic energy supplier in Africa through its wholly owned subsidiary Gaz du Cameroun.

Its two Cameroon power stations, Logbaba and Bassa, are now supplying 50 megawatts of electricity to the local grid using gas supplied from Victoria Oil & Gas's 60 per cent-owned Logbaba field.

Foo says he is confident the group can meet the target gas production of 10.5 million standard cubic feet for this year. He would like to see that double again the following year.

Clean Energy At Logbaba Gas Plant For Diverse Industrial Use
27 Avril 2015

Some 28 industries are already using the gas with over 50 others said to have shown interest.

Since inauguration on November 15, 2013 by President Paul Biya, the first-ever trial onshore gas production in Cameroon is today feeding some 28 industries in Douala with clean energy for diverse industrial uses.

Speaking to members of the Pipeline Steering and Monitoring Committee of the National Hydrocarbons Corporation in a visit to the site on Thursday April 23, officials of the Logbaba natural gas field in the Ndogpassi neigbourhood, Douala III Subdivision, Wouri Division of the Littoral Region said the plant is waxing very strong.


According to Divine Diboto Mofa, Production Manager of Gaz Du Cameroun, since July 2012 that industries for the first time in Cameroon operated their burners with natural gas, production has increased likewise the number of customers. Start off production was in the neigbourhood of 2.5 million cubic feet daily and supplied some 18 big companies within and without Douala at inauguration with clean, cost-effective, available and environment-friendly gas. But today, gas production in the Logbaba plant averages 15-16 million standard cubic feet a day.

Users, Uses of the Natural Gas

Some of the industries using the natural gas include Brasseries du Cameroun, Guinness, SCBC Ndokoti and Kumasi, UCB, Eneo Bassa and Logbaba among others for their heating purposes. Also, the plant provides a stabilized condensate to the Limbe-based National Oil Refinery, SONARA, to increase its productivity and give quantity and quality petroleum products to the country. According to Divine Diboto Mofa, “gas is used in two applications notably thermal and power applications. Our thermal customers use the natural gas to generate steam to run their different plants while the power customers use gas to fire up their generators and for electricity.” He said SONARA is referred to as the 29th customer. “SONARA doesn’t use gas; it uses the condensate that is the byproduct of what we produce from the gas plant. Sometimes the condensate can be mixed with crude oil, I believe, to increase its level. Meanwhile, Eneo uses the gas to generate electricity,” the Production Manager added.

The Pipeline Steering and Monitoring Committee members were taken through the entire process from when the gas is extracted from two wells, pumped from the bottom of the earth into the circuit of the modern and efficient processing centre, whose facilities are powered with part of the gas produced. They were also briefed on how the extracted gas is separated from impurities before being piped to the various destinations. Led by Jean Fouman Akame, member of Pipeline Steering and Monitoring Committee and representative of the Presidency of the Republic, the team also visited Chococam to see how the gas is used in the industry. To date, Chococam, officials said, spends over FCFA 30 million monthly on the gas which they added is efficient for their boilers and helps to reduce waste in course of processing than was the case with fuel oil. Mr Fouman Akame saluted the evolution of the innovation and the push it is giving to the socio-economic life of the nation.

The imposing gas plant was constructed thanks to partnership between the National Hydrocarbons Corporation (NHC) and a British firm, Victoria Oil & Gas, through its subsidiary, Rodeo Development Limited (now Gaz du Cameroun).



EDIT- Repeats of above:

My Easy Light added 6 new photos.

20 hrs ·
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INAUGURATION DE LA CENTRALE A GAZ 50 MW DE BASSA/LOGBABA: Coupure du ruban symbolique et visite guidée




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One more picture from so many..........

My Easy Light
21 hrs

Dr Basile Atangana Kouna, saluant l'Executive Chairman de Gaz du Cameroun, Mr Kevin Foo

Inauguration of a natural gas power plant in Douala




The Cameroon inaugurates "emergency electrical power plant" of 50 MW

Cameroon: the electrician Eneo inaugurates a gas power plant of 50 MW in the city of Douala

Electric energy: 50 megawatts in Logbaba

Cameroon: overload posts defective equipment, the main source of power cuts

Inauguration of a natural gas power plant in Douala

More pictures from Tuesday's inauguration:





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