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Michael Masterman talks on WRES potential & Tungsten market


Victoria Oil & Gas Share Chat (VOG)



Share Price: 72.375Bid: 71.00Ask: 73.75Change: 0.00 (0.00%)No Movement on Victoria Oil
Spread: 2.75Spread as %: 3.87%Open: 74.75High: 74.75Low: 70.25Yesterday’s Close: 72.375


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banjomick
Posts: 1,265
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Price:72.375
RE: oldpuppy
Today 01:31
How many user names is that now? How many times have you been banned for lying and trying to mislead for your own agenda?
 
banjomick
Posts: 1,265
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Price:72.375
RE: Industrialisation Master Plan (..
Today 01:31
18th March 2017
Cameroon: Public administrations get acquainted with the new industrialisation master plan
http://www.businessincameroon.com/public-management/1803-6986-cameroon-public-administrations-get-acquainted-with-the-new-industrialisation-master-plan

25th January 2017
Cameroon plans to become “the factory of the new Industrial Africa by 2050”
http://www.businessincameroon.com/public-management/2501-6839-cameroon-plans-to-become-the-factory-of-the-new-industrial-africa-by-2050

10th June 2016
Cameroon: the master plan for industrialisation will prioritise the agro-industry, energy and digital sectors
http://www.businessincameroon.com/public-management/1006-6290-cameroon-the-master-plan-for-industrialisation-will-prioritise-the-agro-industry-energy-and-digital-sectors
banjomick
Posts: 1,265
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Price:72.375
Industrialisation Master Plan (PDI)
Today 01:28
Cameroon-Industrialisation Master Plan (PDI)

18th March 2017
Cameroon: Public administrations get acquainted with the new industrialisation master plan

25th January 2017
Cameroon plans to become “the factory of the new Industrial Africa by 2050”

10th June 2016
Cameroon: the master plan for industrialisation will prioritise the agro-industry, energy and digital sectors
banjomick
Posts: 1,265
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Opinion:No Opinion
Price:72.375
Cost-Effective, Grid-Stability
Today 01:25
Not 100% sure if they are using VOG/GDC natural gas (I assume they are) and only a relatively small amount but all adds up along with highlighting one of the various uses of natural gas!

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

GE's Gas Engine Technology Provides Cost-Effective, Grid-Stability Solution for Cameroon Poultry Hatchery
22 February 2017

AGROCAM, a leading poultry hatchery in the central African region, located in Douala, and a member company of the JS NOUTCHOGOUIN Group, has purchased one of GE's (NYSE: GE) (www.GE.com) Jenbacher J316 gas engines from Clarke Energy, GE's distributor of Jenbacher gas engines in Cameroon, to address the fundamental challenges related to long-term power outages, which have a great impact on poultry breeding in Cameroon.

A severe shortage of essential electrical infrastructure in sub-Saharan Africa is making it difficult for efforts aimed at achieving more rapid social and economic development. According to the International Energy Agency, natural gas will be the fastest-growing fuel in use for power generation in Africa [1] . Given the critical nature of poultry hatcheries, a half-hour power outage can completely cripple a business, leading to a complete overhaul of the hatchery installations—since all eggs in the incubator would perish as a result of improper storage temperature control and ventilation.

To help meet the demand for alternative energy supply to stabilize and rebuild, AGROCAM previously used a diesel generator for backup to the grid to ensure routine operation of its hatchery, which proved to be costly given the prolonged hours of grid power outages in addition to the environmental pollution associated with diesel generators.

"More than ever before, AGROCAM believes that a stable, reliable and cost-effective source of power is crucial to revive the poultry business in Cameroon, which suffered a big hit from the 2016 avian influenza (or bird flu) outbreak that paralyzed poultry farmers in Douala and the surrounding areas. Energy currently represents 50 percent of our operational costs," said Noutchogouin Jean Samuel, board chairman, AGROCAM.

"GE's natural gas-fired Jenbacher gas engine will produce a nominal electrical output to power the hatchery and egg tray production facility, providing a highly efficient, economical solution to meet our needs and realize substantial annual savings," said Noutchogouin Philippe, managing director, AGROCAM.

http://allafrica.com/stories/201702220843.html
banjomick
Posts: 1,265
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Price:72.375
MalcyƆs 2017 Oil Bucket List
Today 01:21
23rd March 2017

09:20 VOG discussion

http:/malcys-2017-oil-bucket-list-gushing-profits-party-just-begun/
banjomick
Posts: 1,265
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Opinion:No Opinion
Price:72.375
RE: consumption limit
Today 01:02
Cameroon is part of the Central African Power Pool (CAPP), this article relates to the East Africa Power Pool (EAPP) but goes on to say:

"The success of EAPP so far is a positive development for Africa as it serves as a model for other regional pools to speed up their power plans. Africa has four other operating power pools apart from the EAPP namely: the Southern African Power Pool (SAPP), the West African Power Pool (WAPP), and the Central African Power Pool (CAPP), and“Comité Maghrébin de l’Electricité (COMELEC).

*******************************************************************************************************
Published January 25, 2017

"Last week, the East Africa Power Pool (EAPP) announced that its proposed power grid project that would run from Cairo to Cape Town, South Africa would commence in April this year."

"The project involves developing a 1,000km high-voltage direct current (HVDC) transmission line between Ethiopia and Kenya. The project is scheduled for operation in Q4 of 2018. The 127km Kenya-Uganda electricity transmission line is already 60 percent complete was slated for completion by December 2016.

The EAPP estimates that all the transmission projects will be completed before 2020 leading to their members being interconnected by power exchange."

http://venturesafrica.com/how-african-countries-are-working-together-to-light-up-the-continent/

***********************************************************************************************
The more electricity Cameroon can produce the more stable the country will be and the richer it will become via exporting to any future 'interconnected power exchange'...........hence VOG's 'GROWTH PLANS'

http://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2017_02/4---VOG.pdf
banjomick
Posts: 1,265
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Opinion:No Opinion
Price:72.375
RE: consumption limit
Today 01:01
A few translation issues but:

Cameroon plans to become “the factory of the new Industrial Africa by 2050”
Wednesday, 25 January 2017

(Business in Cameroon) - According to the Cameroonian Minister of Mining, Industry and Technological Development (Minmidt), Ernerst Gbwaboubou, the Industrialisation Master Plan (PDI) which Cameroon just got is meant to turn this Central African country in to “the factory of the new Industrial Africa by 2050”. To achieve this, the government member highlighted in an interview with the pro-government daily, the PDI rests upon three pillars: the food, energy and digital industries.

“I must stress that this plan is in line with the five main priorities of the African Development Bank group which are: to light up Africa and provide electricity, feed Africa, integrate Africa, industrialise Africa and improve the quality of life of Africans”, pointed out Ernest Gbwaboubou.

In practical terms, at the operational level, in the energy sector, the PDI provides for the construction of the maximum number of energy infrastructure on the Sanaga, to pack this river on which is located 75% of the hydroelectric potential of Cameroon. This is also about “speeding up the development of other forms of renewable energy (biomass, natural gas, solar power) to provide affordable and ecological energy to our local industries, and finally concern ourselves with the vast market our big neighbour, Nigeria, represents with energy needs estimated at 88,800 Megawatts in 2020”.

http://www.businessincameroon.com/public-management/2501-6839-cameroon-plans-to-become
oldpuppy
Posts: 52
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Opinion:No Opinion
Price:72.375
RE: consumption limit
Today 00:46
Check carefully the updates and you'll get the true picture. The story is >20% growth YOY from 2015 to 2016. But if you remove power, so you only look at thermal and industrial power, growth = 0%. As for grid power, the big jump is simply because in 2015 you only had half of the dry season. 12 new customers were announced for 2016. A mere 3-4 connected. So this story - The sky is the limit, 150 mmscf/d demand in douala - is just rubbish. By the way look closely at the financials, you will see that the average gas price is going down. Yes there will be growth but closer to 5%. Only grid connected power can make the difference. The only problem is that you have a contract which expires in April and still no announcement on renewal.
thegame316
Posts: 2,302
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Opinion:No Opinion
Price:72.375
consumption limit
Today 00:30
Considering Cameroon has a small pooulation and low energy consumption per capita what do people think is the maximum that could be consumed or supplied by VOG considering they are the only gas producers in the country. Personally think VOG has got a potential market of around 35 mmscf/per day in the dry season and around 15 mmscf/ per day in the wet season that can be acheived in the next 3 years. This is based on getting a few more customers and maybe another power plant plus the population growth of around 2% per year with a similar increase in per capita usage as the country develops so just on organic growth consumption would have to increase around 5% a year.
It is sobering to think that what the uk uses on an average day (10bn cf) would take Cameroon almost 3 years to use. Just one of those huge LNG ships would last almost a year lol.
banjomick
Posts: 1,265
Off Topic
Opinion:No Opinion
Price:72.375
Gas for Cameroon Consumers
Today 00:24
•Victoria Oil & Gas (VOG) has developed onshore gas in Cameroon and created a profitable business less than 5 years from completing the first wells in 2010

•Gaz du Cameroun (GDC) is the only supplier of gas to Douala and has built a 50km gas pipeline network to reach over 25 industrial customers in Douala, the gateway city to Central Africa

•GDC owns and manages the whole value chain from well head to customer meters

•GDC is currently delivering 14.5mmscf/d to customers

•Demand for gas in Douala is in excess of 150mmscf/d and GDC is providing gas to major customers such as Castel Group, Guinness, Dangote and the major power provider, ENEO

•VOG’s recent acquisition of a 75% interest in the 1,234 sq. km Matanda field is a major development

http://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2017_02/4---VOG.pdf




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