Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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You are right, that article is a report based on the recent "Q4 2017 Operations Update and 2018 Outlook" with nothing new added: http://www.victoriaoilandgas.com/investors/news/q4-2017-operations-update-and-2018-outlook but at the end of the day it's positive publicity for VOG/GDC: https://energies-media.com/gaz-cameroun-pourparlers-dpdc-grenor-elargir-clientele/ https://energies-media.com/vog-projette-vente-100-millions-pieds-cubes-gaz-naturel-jour-ici-2021/
fair dues, banjo. but it is a re-hash of the recent news. The writer ought to have sourced some nice quotes.
Cameroon gas talks with DPDC and Grenor to expand customer base February 22, 2018 by Energies Media Dibamba Power Development Company (DPDC) and the Norwegian Grenor would consider building thermal power plants to generate electricity from gas in Douala Gas du Cameroun (GDC) could soon supply two independent power producers with natural gas, Energies Media learned via a report released last week by the company. The subsidiary of the British firm Victoria Oil and Gas PLC (VOG) is in talks with Dibamba Power Development Company (DPDC) - a subsidiary of Britain's Globeleq - and the Norwegian group Grenor for the supply of natural gas to them. DPDC has a thermal power station of 88 MW in Yassa (Douala), fueled by heavy fuel oil; and Grenor is working on a 150 MW thermal power station project, still in the Littoral region. This plant will be supplied with natural gas . The potential entry of these independent power producers into GDC's customer portfolio will substantially increase the amount of natural gas distributed by this VOG subsidiary and impact its financial health. Its largest current customer, the concessionaire of the public electricity distribution service, ENEO , has suspended the supplies of its 50 MW power plant since early January 2018 for cash tensions. ENEO supplies accounted for 53% of the sales of the Logbaba gas field - operated by GDC - for the 2017 financial year. Without the resumption of the partnership with ENEO, the company has difficulties in implementing the development plan of its subsidiaries. capabilities. Gaz du Cameroun is the only natural gas distributor in Douala, the economic capital of Cameroon. GDC operates in the Logbaba gas field and has been serving a pipeline since 2012 with the industrial areas of Bassa and Bonab�ri , in addition to ENEO. https://energies-media.com/gaz-cameroun-pourparlers-dpdc-grenor-elargir-clientele/