SpaceHoppa - You are a very complex individual - who thinks himself clever - but in reality you are a stalking Troll of the highest order. You have me on filter - and then you un-filter me, (because you don't want to miss anything), and then you go and filter me again - don't you! You are all too handy with your Troll jibes on other LSE posters. I accuse you of being a Hatfield House chameleon poster. You cannot have many real friends.
''They will definitely have an advantage ... ... don't you think so?''
No Mr Aj, Eneo's Mission statement is to SATISFY the growth in electricity demand by supplying reliable and safe energy Provide quality service and facilitate access to electricity to the GREATEST number Revitalize customer relations through innovations and POSITIVE experiences
When the lights go out in Douala it will be hard to explain to Mr Biya, why Eneo, have just sent 50MW's of generation equipment home!! Vog should ask for more than $9/mscf, don't you think so?? Lol
SpaceHoppa - you posted on here at 18:03 : ''Eneo's hand is not as strong as we might think, they have no alternative gas supplier'' ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ When it comes to ''Horse Trading'' in the Cameroon may I just point out that Eneo are the ''Home Team'' - and that we are playing ''Away''. They will definitely have an advantage ... ... don't you think so?
As 'oldtimer' pointed out at 12:35 - ''With the power contracts running out in Mar 2017 I wonder just when they will wait to announce if they have been renewed. If they wait until Feb / March there will be panic and the sp could be 20p''
Do you think that Eneo are not aware of this weakness where Victoria Oil and Gas's negotiating \ bargaining powers are concerned.
'oldtimer' - ''Keep Calm - and - Carry On'' Your alternative points of view are most welcome by me.
At least you are honest Mr Anon, about wanting the price lower Lol Eneo's hand is not as strong as we might think, they have no alternative gas supplier However, I am not opposed to Vog keeping Eneo sweet, & reducing to $8 per mscf if Dibamba is being negotiated!! As for thermal, & far as I know, officially prices have stayed the same which would put diesel oil at a slight, pure monetary, advantage.
anon3, I agree with SH regarding ENEO, also worth noting from today's Report:
"“The first half of 2016 has been a stabilising period in the Company, as we deliver on our strategy to increase production and grow our pipeline network in Douala, Cameroon. Our market assessment indicates a growing demand for our gas, for both thermal and grid power markets."
"Increase thermal customers through phased Bonaberi expansion"
"In early 2016, we stated our objective to increase gas volumes sold to customers in 2016 by 30% above 2015 levels. During the twelve months to 31 December 2015, total gas sales of 2,868mmscf were achieved. Having sold 2,282mmscf in the first six months of 2016, we are on track to reach this target."
Mr Anon, I expect the Eneo deal to be renewed, on the same terms Why? Well, nothing has changed since the first contract Eneo need more power, they have no significant extra power supply since the deal Cameroons power demands are increasing, & the equipment is in place!! Would you be the Ceo of Eneo that reduced available electrical power?? Explain that to Mr Biya!!
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