Email Facebook Twitter

Victoria Oil & Gas Share Chat (VOG)

Share Price: 39.75Bid: 39.00Ask: 40.50Change: 0.00 (0.00%)No Movement on Victoria Oil
Spread: 1.50Spread as %: 3.85%Open: 40.50High: 40.50Low: 39.00Yesterday’s Close: 39.75

Share Discussion for Victoria Oil & Gas

Thread View

Please login or register to post a message on Share Chat.

Posts per page:

Posts: 891
Off Topic
Opinion:No Opinion
RE: Bassa/logbaba
Today 15:30
I don't think ENEO would buy VOG as they are in partnership with the Cameroon Government and seem to be constantly threatened by politicians responding to populous demands to put the energy problem right - the fact that it's not ENEO's fault seems to be lost on them.

But lets not forget ENEO are really part of a bigger outfit Actis owned Globelec and ENEO. CDC and Norfund took oven Globelec, though the only new player in the game is really Norfund as the CDC also own actis. As you can tell I'm not sure who owns who anymore lol. But ultimately I believe it is the British Government (CDC) and Norway's sovereign wealth fund own everything between them, they run Dibamba and Kribi as separate entities from ENEO. Now with Norfund on board they are cashed up and looking to invest so I think a take over of VOG would be a possibility via some other investment vehicle other than ENEO.

When Norfund bought in it was reported they would invest a huge amount in Africa to create 5000Mw of new supply - very little has been announced since.
Posts: 1,485
Off Topic
Opinion:No Opinion
Buy out target?
Today 13:14

See we are grinding along - not sure if that is good, or bad? Certainly no bad news but market not reacting to good either. No surprises - suits me.

VOG should be a glaring target for a long list of competitors or users: BLVN, Dangote/cement consortium, ENEO, companies looking to diversify into Africa, blah blah blah.

The reality is that the current mcap and corresponding sp would not stay still for very long given any bid, thus making the current 'bargain' valuation irrelevant and then there is the thorny issue of RSM and its requirements.

Personally would not like to see us bought out given exciting drilling plans, Matanda potential;, bigger power etc...we all know the list!
Posts: 2,924
Off Topic
Opinion:No Opinion
RE: Bassa/logbaba
Today 12:53
Hi jtd
I wonder if there is any possibility that ENEO would make a bid for VOG? . They have the $ and will need provision of our resources for a considerable time.
Makes good sense for ENEO on a number of fronts , so could be a consideration.
Posts: 891
Off Topic
Opinion:No Opinion
RE: jointhedots
Today 11:05
that's very kind of you mv

Though I've just glanced at the post and it is embarrassing how many spelling mistakes I have made, apologies to anyone that finds it annoying. I will try harder next time.
Posts: 251
Off Topic
Opinion:No Opinion
Today 11:00
Well VOG do say on their Web site that ENEO have expressed a requirement for another 50-80 mw gas supplied generation capacity going forward, enough to power the reworked diesel generators?
Posts: 275
Opinion:Strong Buy
Today 10:57
very good post.
Posts: 891
Off Topic
Opinion:No Opinion
View Thread (3)
Today 10:38
are designated as Emergency supplies be ENEO (that how their boss described then in his IPad speech).

That's different from how VOG tend to describe them, normally "Temporary", ENEO's emergency has not eased, if anything it is becoming worse and I suspect that they will find it politically impossible to withdraw the temporary "temporary" solution in the face of growing demand and customer/government dis-satisfaction.

Interestingly, my longstanding view was(and is) that ENEO will convert Logbaba and Bassa to Gas. All they have done so far is install temporary Gensets and presumably the Diesel generators are standing idle.

If converted to Gas that would double VOG's capacity.Reading all the notices of improvements to the transmission system around Bassa/Logbaba and into Boneberi it leads me to suspect they are gearing up for expansion or at least greater utilisation of the stations - doubling up at Logbaba or Bassa would be cheaper and quicker for VOG than supplying Dibamba and the conversion should be a no brainer for ENEO when VOG prove up their gas. Very little work I would have thought for either company.
Posts: 124
Off Topic
Opinion:No Opinion
View Thread (3)
Mr Keith 1
Wed 20:59
11 years come October for me, plenty of frustration here. Mr Foo never told the complete story from the beginning but it's sloooooowly getting there, hopefully a happy ending for all.
Posts: 160
Mr keith1
Wed 18:45
Here, here . . . well said.
Posts: 2,519
Off Topic
Opinion:No Opinion
View Thread (7)
Wed 12:50
been here five yrs have you
then a relative newbie
8yrs for me,no frustration whatsoever
this has never looked better in all that time
i boughtr simply at the wrong time which shows on
my books,
but who in this game gets everything right
over the yrs foo has been badly critizised,wrongly
by many old and new
vog lives on
and without making the unpopular choices he had to
then ,there would be no vog at all
its sad how when things dont go to plan
the so called INVESTORS moan and
blame anything apart from their decisions
when it goes good then they are the boards
know it alls and i told you so,s
so as long as i keep my faith
i still have x amount of thousands
waiting for delivery
and not a fifty or more percent loss
and it will be delivered at some point

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.