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
    

Gaz du Cameroun to drill two wells in the Logbaba gas field in 2015-2016
Friday, 08 May 2015

(Business in Cameroon) - For the 2015-2016 period, Gaz du Cameroun (GDC) plans to increase production by drilling two new wells in the Logbaba gas field, which was developed in the suburbs of Douala by its parent company, the British oil company, Victoria Oil & Gas (VOG).

According to GDC Business Development Director Henri Serge Job, the first well will be drilled in late 2015, while the second will be drilled in 2016.

Without specifying the amount of the investment, Mr. Job indicated that the funds will be used to address Cameroon manufacturing companies’ growing demand for natural gas.

Translated by Google:

Cameroon: towards the extension of the concession contract for the electrician Eneo beyond 2021
Monday, 11 May 2015

The concession contract of the public service electricity in Cameroon, which is currently the beneficiary Eneo company (Energy of Cameroon) controlled by the British investment fund Actis, which recently acquired the assets of American AES in the area electricity in Cameroon, could be extended beyond the year 2021, date of expiry, has-been learned from authorized sources.

Indeed, in the press having sanctioned the last Board of Directors held in Yaoundé Eneo 23 April 2015, the Council recommends to the General Directorate "to finalize and sign the new amendment to the concession contract between Cameroon SA and Eneo the Republic of Cameroon. " According to our sources, this new amendment seeks, among other objectives, to obtain the Cameroonian government an extension of the concession contract qu'Eneo inherited Aes Sonel.

A source close to the case said: "l e of Eneo investment program for the next 10 years amounts to date to 477 billion CFA francs. But in the current state, the concession contract inherited AES covers the period until 2021. No formal discussions have been initiated on its extension, but can validly think that the rider will cover the period Minimum extension, which will be able to cover at least the duration of the repayment of the debt contracted by the company to the lenders. It is the objective of this rider. Namely, align the duration of the repayment of loans needed by the operator on the contract under which it operates. "

http://www.investiraucameroun.com/energie/1105-6344-cameroun-vers-la-prorogation-du-contrat-de-concession-de-l-electricien-eneo-au-dela-de-2021

From the article below dated April 30th 2015, link added for National Hydrocarbons Corporation (SNH) (La Société Nationale des Hydrocarbures du Cameroun (SNH))

"Furthermore, said Serge Henri Job, GDC is currently negotiating with the National Hydrocarbons Corporation (SNH), the armed wing of the Cameroon government in the oil and gas sector, to produce the compressed gas which could then be transported au Beyond the city of Douala, and thus supply companies located in other cities in Cameroon."

Gas Cameroon will drill two new wells on the gas field in the period 2015-2016 Logbaba

La Société Nationale des Hydrocarbures du Cameroun (SNH)

Just out of interest the VOG website has been updated with a couple of pictures (last two) from the April Inauguration ceremony of ENEO gas fired genset complexes at Bassa and Logbaba Power Stations:

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

Cameroon:Dibamba Power Station

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

VOG Factsheet 20th April 2015


Links & Information Relating to Dibamba Power Station

PUBLIC-PRIVATE PARTNERSHIPS BRIEFS-June 2015
Conversion to gas at a later stage-Article Jul 2011
ENVIRONMENTAL AND SOCIAL IMPACT ASSESSMENT REPORT 2008

A bit of publicity for Altaaqa Global:

Cameroon power plant built in three weeks
Written by Steve Ducker - 18 May 2015

Altaaqa Global’s temporary natural gas power plants, with a joint capacity of 50 MW, have been inaugurated at the Logbaba power plant site in Douala, Cameroon.

The ceremony was attended by minister of water resources and energy Dr Atangana Kouna Basile and members of the Cameroon government. Also present were senior executives from Eneo Cameroon, the country’s integrated utility company, and Gaz du Cameroun (GDC), a wholly owned subsidiary of Victoria Oil & Gas (VOG).



Altaaqa Global, a subsidiary of the Zahid Group, was recently selected by Caterpillar to deliver multi-MW turnkey temporary power solutions worldwide.

The rental gas power plants in Cameroon were installed and commissioned within 21 days from the time the equipment arrived at the intended power plant sites.

In this project, with the Cameroonian government and Eneo as clients, Altaaqa Global provided the power generation equipment, and took the responsibility of importing and installing the generators at the Logbaba and Ndokoti (Bassa) sites, while GDC supplied the gas to the rental gas power stations at both sites.

Peter den Boogert, CEO of Altaaqa Global, said: “We are very proud to have been involved in this project. Altaaqa Global is greatly honoured to contribute to Cameroon’s national energy strategy and have the chance to promote the greater good of the nation.”

Altaaqa Global installed gas engine generators at both sites to ensure that the power plants are dependable and also environmentally friendly. In recognition of the worldwide emission requirements, which mandate the level of NOx emissions of equipment and industrial operations, Altaaqa Global engineered its gas generators to emit only 250 mg/Nm3 even without after-treatment.

Majid Zahid, strategic accounts director of Altaaqa Global, said: “Our temporary gas power plants systems meet the worldwide emissions standards and do not harm the environment. These rental gas plants are designed for performance and reliability, while being more environmentally friendly compared to systems running on other fuels.

“As the generators run on natural gas, they do not require expensive after-treatments and are, therefore, more economical to operate owing to more cost-effective fuel prices.”



Edit:

27 May 2015
Victoria Oil & Gas Plc


Gas Plant Purchase from Expro, Cameroon

Victoria Oil & Gas Plc today announces that its 100% owned subsidiary, Gaz du Cameroun S.A. ("GDC"), has made payment in full for the purchase of the Logbaba gas processing plant ("the Plant") from Expro Worldwide BV ("Expro"). The Plant currently processes gas extracted from the GDC wells, producing condensate which is sold to a local refinery and clean natural gas which is distributed to customers through the 33km pipeline network in Douala, Cameroon.

The Plant has been purchased from Expro for US$2.578m, using cash generated from GDC operations, and the Board believes that this purchase will deliver significant cost savings. GDC is evaluating proposals for a long term contract for the operation and maintenance of the Plant with specialist service companies, including Expro.

Kevin Foo, Executive Chairman of GDC, said: "The purchase of the Logbaba plant is a key milestone for GDC, bringing with it significant cost savings which will enable us to continue to grow the business and increase shareholder value. We are now evaluating options for the Plant expansion and look forward to providing an update in due course."

For further information, please visit www.victoriaoilandgas.com

Notes to Editors

About Victoria Oil & Gas Plc

Victoria Oil & Gas (VOG.L) is a gas utility company with operations in the industrial port city of Douala in Cameroon, which is the business hub to Central Africa.

The Company's subsidiary, Gaz du Cameroun S.A. ("GDC"), supplies cost effective, clean and reliable gas to industries in the Douala region from its onshore Logbaba Gas Project. Industrial customers are primarily supplied with gas through a 32.9km pipeline network built by GDC in Douala.

Through thermal gas supply and provision of energy to the Douala grid, under the ENEO terms of agreement, GDC is helping to ensure that the Cameroon economy is underpinned with stable power. By developing a full integrated gas supply network, connected to wells located within the city itself, GDC has established a new range of energy product types within Douala that are cost effective, reliable, safe and cleaner than liquid fuel alternatives.

The Company generates cash flow from the Logbaba Project which is 60% owned and managed by GDC, with RSM Production Corporation, an affiliate of Grynberg Petroleum Company of Denver, Colorado holding a 40% participating interest.

VOG also holds 100% of the West Medvezhye oil and gas exploration project near Nadym, Russia. The field has C1 plus C2 reserves of 14.4mmboe (under the Russian resource classification system, analogous to proven and probable reserves under Western conventions) in addition to best estimate prospective resources of 1.4bboe.

Cameroon Energy Market

Cameroon is a stable African country that is host to a developing economy serving most of Central Africa with goods and services. A power deficit remains a major hindrance to Cameroon's economic expansion.

The power grid is reliant on hydroelectric dams to supply 75% of power and the shortfall is made up from heavy fuel oil and gas. Hydroelectric dams are highly seasonal, with stream rates significantly varying from 6,000m3 per second in the wet season to 50m3 per second in the dry season.

As with many hydro electrical systems transmission loss is also a constant issue when balancing power loads across distances to different consuming regions. The port-city of Douala is the major industrial zone within Cameroon and it requires high levels of consistently delivered grid power all year round. Currently Cameroon's energy demand is growing at 7% annually and gas is seen as a key element to Cameroons national energy strategy.

http://www.moneyam.com/action/news/showArticle?id=5044134

Victoria Oil buys gas process plant at Logbaba
By Philip Whiterow
May 27 2015

Taking control of the plant will generate significant cost savings, Victoria Oil said.

Victoria Oil & Gas‘s (LON:VOG) Cameroon subsidiary has bought the plant it uses to process gas from the Logbaba field.

Taking control of the plant will generate significant cost savings, Victoria Oil said, which is negotiating a contract for maintenance over the long-term.

Expro sold the plant for US$2.58mln in cash, which Victoria Oil paid in full using funds generated from sales of gas into the grid around Douala, Cameroon’s second city.

Kevin Foo, executive chairman, said: "The purchase of the Logbaba plant is a key milestone for GDC [Victoria’s local subsidiary], bringing with it significant cost savings.”



Edit-Further coverage:

Missed from this morning-SP Angel:


Headlines

• Victoria Oil and Gas (LOON:VOG) – Time to Look Forward. A Long Way Forward: Today's news is a solid step forwards, and one that provides an increasingly stable and solid platform from which to continue to build its business. Given the success, Nigeria beckons, and with a swathe of industrial buyers and a ready supply of "stranded" gas assets, the opportunity is an order of magnitude greater than it has experienced to date. Time to get start looking forward to where the opportunities are.

and

News Items

Victoria Oil and Gas (LON:VOG) – Time to Look Forward. A Long Way Forward

Today's news disclosing the acquisition of the Logbaba gas processing plant is a good move, and one which we believe is a solid step forwards for the Company. Not only will it be able to reduce costs, but it will also afford it a level of flexibility. The question now becomes one of which entity this will sit in, the upstream entity, or the midstream entity?

This is important as we believe that the Company is not receiving full value for the position that it is now in, and splitting the two businesses and dividending them out to shareholders will see that value better realised.

The businesses have two differing risk profiles, and if the wider midstream opportunity develops as it appears as it is, there could be a perceived conflict of interest with the client base of the midstream business. We believe that the midstream business can leverage its leadership position in Cameroon to tap in to the new gas finds offshore, especially as the Ferrostaal fertiliser plant FID is still in the offing; it could be the midstream development partner to the whole area.

Against this backdrop we believe that there is much to aim for and provided that the focus remains, we see no reason why the Company's leadership position will be challenged, in the near term at least.

This experience should also provide a measure of track record to tackle an even bigger prize, which is participation the rollout of Nigeria's gas master plan, which has been on the drawing board for at least 15 years and a central pillar to the country's much vaunted PIB. Compiling a bid document and pitching to NNPC will give the Company a leadership role, and one which could catapult it in to the big leagues.

With the experience that they have gained in Cameroon, there is no need to limit the Company's ambitions, as it can be rolled out anywhere where there is stranded gas and a fledgling industrial base, outside of Nigeria, East Africa springs to mind.

These are the next stages for the Company, but they don't sit well with the upstream. While the midstream business is moving forwards at a pace, in the upstream, however, the issue of well life in Logbaba is now the next concern to focus on, and in the wider context of the upstream business, what will be happening with the Russian and Kazakh offices. More reason to spin out the businesses.

Today's news is a solid step forwards, and one that provides an increasingly stable and solid platform from which to continue to build its business. Given the success, Nigeria beckons, and with a swathe of industrial buyers and a ready supply of "stranded" gas assets, the opportunity is an order of magnitude greater than it has experienced to date. Time to get start looking forward to where the opportunities are.

and from Malcy's Blog:

Victoria Oil & Gas

Another piece of good news from VOG as they buy the Logbaba gas processing plant from Expro for $2.578m. The money will come from cash generated from GDC operations and they will now operate the plant with significant cost savings and on long term contracts with Expro and other potential customers. Good news because this will enable VOG to grow the business, expand the plant and increase profitability and if it meant more demand for their gas then all the better. Still a big fan.

Translated by Google:

Cameroon: Eneo accuses a production deficit of 80 MW, following a "water crisis"
Friday, 29 May 2015

Despite the end of the dry season from the month of March, which period is generally characterized in Cameroon by the lower production of electricity, itself due to lower water levels in dams; several Cameroonian cities are regularly plunged into darkness these days. On 28 May 2015, for example, a whole section of the Cameroonian capital was private electricity all night. This May 29, 2015, there are still many households in the city of Yaoundé, which do not always have access to electricity.

In an official statement released by Eneo, the concessionaire of the public electricity service in the country, the company announced that Cameroon is currently facing a "water crisis". "Due to a severe depletion of stocks of water in our reservoirs dams, electrical service in our country is currently experiencing strong disturbances since May 23, 2015. Between April 23 and May 26, 2015, we recorded on the Sanaga (photo), an unusual deficit of one billion six hundred million cubic meters of water, compared to the same period last year (...) It will take 2 to 3 weeks to see the natural flow of the Sanaga return to normal and power our dams, "Eneo says.

Faced with this situation described as "critical", the "hydroelectric dams Songloulou and Edea (from which is supplied throughout the south of the country) are unable to guarantee a level of power that can meet the current demand for electricity . "Also, Eneo now he blames on the entire network, a production deficit of" 80 MW, especially at peak times ", we learn officially.

Energy Mix

This "water crisis" adds a new pearl in the string of inconveniences facing the electricity supply service in Cameroon. Babbling whose end had yet been announced by the government and the company's production and distribution of electricity, following the commissioning in 2013 of the Kribi gas plant, with a capacity of 216 MW. The April 28, 2015 in Douala, Eneo inaugurated a new 50 MW gas power plant capacity that officially corresponds to the level of annual deficit of the country but who obviously failed to Cameroon away from the darkness.

To recap, the Cameroon claims the 2nd hydropower potential in Africa South of the Sahara, behind DR Congo. But for several years, the country collapses under the weight of a production deficit, which made ​​him lose half a point of economic growth each year, according to statistics from the Ministry of Economy.

Furthermore, the architecture of the energy mix of Cameroon reveals a predominance of hydroelectricity, which represents 73.3% of national production, against 25% for heat. Solar, wind and biomass (1%), despite the existing potential, remain the poor relations of the sector.

Brice R. Mbodiam

http://www.investiraucameroun.com/energie/2905-6394-cameroun-eneo-accuse-un-deficit-de-production-de-80-mw-suite-a-une-crise-hydraulique

More coverage on last weeks news:

Victoria Oil & Gas buys Logbaba gas processing plant
Jun 1, 2015

By Amy McLellan

Victoria Oil & Gas has acquired the Logbaba gas processing plant, which processes and separates the output from its Logbaba gas-condensate field in Cameroon, for US$2.578 million. The AIM-quoted gas company funded the purchase from cash flows from its growing gas production and distribution business: the condensate is sold to a local refinery and clean natural gas is distributed to customers through its 33 km pipeline network in the industrialised region of Douala.

Kevin Foo, executive chairman of GDC, VOG’s 100 per cent owned subsidiary in the country, said the purchased was a “key milestone” that will bring “significant cost savings”. He added that the company was now evaluating options to expand the plant.

Analysts at SP Angel Corporate Finance welcomed the deal as a “solid step forwards, and one that provides an increasingly stable and solid platform from which to continue to build its business”.
Certainly the company is on a roll. After a number of slow years as it battled the realities of building a gas-based infrastructure from scratch in Cameroon, momentum has been building.

Its gas offers heavy end-users a more reliable, cheaper and cleaner source of energy than the alternatives, such as expensive heavy fuel oil or seasonal hydroelectricity. It now pipes gas to industrial customers and is also delivering on a 50 MW gas-to-power deal with local partners, a deal that Foo rightly called “game-changing”.

That deal, signed at the end of 2014, saw VOG commit to supply gas to generate 50 MW, which draws on 10.1 million cf/d of gas, of which the minimum take or pay component is 90 per cent in the dry season and 30 per cent in the wet season. Since the 50 MW came online last month, production from the field has averaged 14.5 million cf/d, with a daily peak of 15.3 million cf/d. Under the terms of the contract, the gas sells at a fixed price of US$9/mmbtu.

Foo pointed out it had taken less than four months to get from contract signing to delivery of 50MW to the grid. “Average production levels have risen to 14.5 million cf/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 10.4 million cf/d for calendar year 2015,” he said.

As this starts to yield positive cash flows, boosted by the cost savings yielded by the acquisition of the processing plant, it is clear that 2015 is shaping up to be a very significant year for the AIM company. An interesting year ahead.

Information relating to one of VOG's customers:

CHOCOCAM – Thermal Gas Supply


Chocolaterie du Cameroun (CHOCOCAM) is a Cameroonian subsidiary of Tiger Brands Limited, a Top 40 JSE listed company whose footprint extends across the African continent and beyond. It has been one of the largest manufacturers and marketers of FMCG products in Southern Africa for several decades. The team at Gaz du Cameroun worked extensively with Chococam to assess the potential savings for the client and ensure a rapid conversion to gas supply from Heavy Fuel Oil.

http://www.victoriaoilandgas.com/gaz-du-cameroun/case-studies?page=3

The June edition of 'Business in Cameroon' (Energy Page 26):

08 June 2015
Victoria Oil & Gas Plc
("VOG" or "the Company")

New Thermal Gas Connections and Production Update, Cameroon

Highlights

· Three new thermal customers online, including Dangote Cement Cameroun S.A. ("Dangote")

· Expected additional daily gas consumption of 0.7mmscf

· Average production rate for May was 12.4mmscf/d

· Focus now on production build out on Bonaberi side of Wouri River

Victoria Oil & Gas Plc today announces that its 100% owned subsidiary, Gaz du Cameroun S.A. ("GDC"), has completed connections and is supplying natural gas to three new industrial customers from its gas pipeline network in Douala. The connections include the new Dangote cement clinker plant located on the southern shore of the Wouri River, Douala.

The construction of the 1.5 million tonnes per year clinker cement plant by Dangote is a reflection of the significant commercial growth occurring in the port-city, Douala, which is a major regional manufacturing and trade hub, with seaborne access and developed infrastructure.

In addition, GDC is now supplying gas to New Foods, a food processing business owned by major conglomerate the Fokou Group, and Société Industrielle Camerounaise des Cacaos S.A. ("Sic Cacaos"), a subsidiary of Barry Callebaut, which are a Swiss-owned chocolate group and one of the world's largest producers of cocoa.

Sic Cacaos recently increased its capacity from 32,000 to 50,000 tonnes per year of cocoa and now accounts for 25% of total Cameroon production.

Notably, both of these new customers have converted their operations from heavy fuel oil to natural gas.

The total estimated additional daily consumption from the three new connections is 0.7mmscf.

A summary of the gas production figures for the months from January 2015 to the end of May 2015 is shown below:


Logbaba Production Figures (mmscf/d)

SEE LINK AT BOP

April and May figures reflect some seasonal variations in demand from thermal customers and steady build-up of gas consumption by ENEO Cameroon S.A. Average daily gas consumption for the first five days of June was 16mmscf/d.

Kevin Foo, Executive Chairman, said: "We welcome Dangote, New Foods and Sic Cacaos as important new thermal customers for GDC. This is confirmation that industries will expand their operations when they can be guaranteed consistent supply of energy without the need for storage or transportation. Gas supply to the Bassa and Logbaba power stations is steady and we are now focussing on additional customers in the Bonaberi industrial area across the Wouri River. Our monthly average gas consumption is triple the February average and we expect to exceed our 10.5mmscf/d target for the calendar year 2015."

http://www.moneyam.com/action/news/showArticle?id=5052093

Victoria Oil and Gas (LON:VOG) – Strengthening its Hand

Today's news of new thermal customers is another step forwards for the Company, and one that now marks it as a fully-fledged midstream operator that just happens to have an upstream asset.

We have previously stated that:

The businesses have two differing risk profiles, and if the wider midstream opportunity develops as it appears as it is, there could be a perceived conflict of interest with the client base of the midstream business. We believe that the midstream business can leverage its leadership position in Cameroon to tap in to the new gas finds offshore, especially as the Ferrostaal fertiliser plant FID is still in the offing; it could be the midstream development partner to the whole area.
and we still believe that this is where the future of the Company lies.
Now that Cameroon appears to be starting to purr nicely, we believe that the management should switch to the disposal of noncore assets, such as Kazakhstan and Russia.

8 June 2015 by Malcy

Victoria Oil & Gas

VOG goes from strength to strength with more good news today in the shape of 3 new industrial customers for its gas in Cameroon which will add 0.7 mmscf/d to sales. With May production of 12.4 mmscf/d things are going well and it shows that local industry is moving from heavy fuel oil to natural gas for its supply of energy. The target of 10.5 mmscf/d is now expected to be exceeded and whilst the shares have fallen back from the 84p recent peak, they have still doubled so far this year and I wouldnt be surprised to see further upward progress.

Gas Cameroon expanded its customer portfolio with three major industrial units
Monday, June 8, 2015



Gas Cameroon SA (GDC) has expanded its customer base with three important industrial companies. This is Dangote Cement SA Cameroon, New Foods and Industrial Company of Cameroon Cacaos SA (Sic Cacaos) whose gas supply started after their placing on the GDC distribution network.

Victoria Oil & Gas Plc, a British company that owns 100% GDC, announced on 8 June 2015, the introduction into its network in these industries that are well past heavy fuel oil regime to that of natural gas, which represent, in all, an excess consumption of 0.7 million standard cubic feet (mmscf) per day.

The arrival of these new customers comes at a time when GDC has completed the purchase of Expro Worldwide BV treatment plant gas Logbaba and tripled the average production. Indeed, GDF achieved an average natural gas production of 12.4 mmscf per day in May 2015, after a level of 11.3 mmscf in April, 5.5 mmscf in March, in February and 4.4 mmscf 4.0 mmscf in January. "We welcome the arrival of Dangote, New Foods and Sic Cacaos as important new consumers of thermal energy to GDC," commented Kevin Foo (pictured), executive chairman of GDC.

In his opinion, this is the "confirmation that industries will expand their activities when they have the guarantee of the constant supply of energy without having to store or transport."

According to the oil and gas listed in London, Dangote Cement for construction of a cement plant of 1.5 million tonnes per year represents a growth potential. The very good opportunity to play is also made ​​as to the entry into its customer New Foods and Sic Cacaos, respectively subsidiaries of Barry Callebaut Fokou and groups.

Highlighted is the Logbaba power plant that VOG supplies with gas:

Cameroon: Power Rationing - Over Seven More Days for Blackouts
8 June 2015
By Christopher Jator

On-going power blackouts in Cameroon's economic powerhouse, Douala, like in other areas of the country, tell of an uncertain future. What consumers are experiencing is not just power blackout attributed to falling wooden poles, aging infrastructure, and unforeseen technical problems, but a deliberate power rationing imputable to many factors whose root causes are as old as the power utility corporation.

The power utility corporation has promised that blackouts as a result of power rationing will be over in the next seven to ten days. Nana Kountchou, General Manager of the Energy of Cameroon, Eneo, flanked by two directors, addressed a news conference at its Douala-Koumassi office yesterday June 4, 2015, clarifying the public on the on-going power rationing. He assured that the flow rate of Sanaga River has stabilised and storage in the Songloulou Dam will start rising in the next seven to ten days, substantiating his claims with meteorological forecasts that there will be heavy rains within the period.

The reason for programmed blackouts, which started some two weeks ago, is largely due to the drop in the storage of the dam from 1,000 cubic metres to 600 cubic metres. However, as the rains began falling heavily, storage rose to 625 cubic metres by June 3, 2015. Besides ageing infrastructure, there is the on-going replacement of power lines in major parts of Douala. This entails putting in place lines that have the capacity to carry larger amounts of energy. Meanwhile, the Eneo officials urged the public to pray God for more rains to end the present situation. Another measure is that Eneo has negotiated with large consumers like ALUCAM to cut down on power consumption.

According to Ekang Esseing, National President of the Cameroon Association of Electricity and Water Companies, ASEELEC, to promise that blackouts will stop in a week sounds too simplistic. "Power rationing can be avoided if plants like those in Logbaba (Douala) and Kribi are up-to-date and new ones are set up to add sufficient energy to the 1,000 megawatts produced by Eneo. The public must be sensitised to stop wasting energy, like it is in public buildings," Ekang noted.

Eneo and Alucam coordinate their efforts to fight Cameroon’s hydraulic crisis
Wednesday, 10 June 2015

(Business in Cameroon) - Aluminium du Cameroun (Alucam), which consumes over 40% of the electricity produced in Cameroon, has accepted to reduce its consumption during peak hours (which will be equivalent to a decline in production), to mitigate the effects of the hydraulic crisis that Cameroon has been traversing for several weeks. This was announced on June 4, 2015 by Eneo Managing Director, Joel Nana Kontchou.

While thanking Alucam for its gesture of solidarity towards other electricity consumers, the Managing Director of Eneo reiterated that the power outages that companies and households have experienced over several weeks now, are the result of the severe hydraulic crisis. The phenomenon, he explained, is apparent in the substantially lower water levels in the nation’s dams.

For example, Ahmadou Bivoung, Director of the Edéa hydroelectric plant attached to the dam, reveals that the flow of water from Sanaga to Edea was 615 m3/s on June 1, 2015, against 1,398 m3/s on June 1, 2014, which is a 50% decrease. “In 23 years of service, I’ve never seen anything like this,” he stated when attributing “this extraordinary event” to “climate change”.