Or more to the point already in Cameroon in the form of Lukoil partnering Bowleven and a large oil/gas services company undertaking a study on a onshore hydrocarbons terminal.
Now apparently the biggest of all Gas production/trading companies, Gasprom, have signed a deal to take ALL the gas from the offshore FLNG platform when it's built. Apparently it could be delivered anywhere in the world, but looks likely none of it will find it's way to the Cameroon market.
The delivered price is estimated at delivered price of $7-8/MMBtu in 2017 whereas VOG currently gets $16/MMbtu from industrial customers and $9/mmbtu from ENEO. I suspect the Gasprom delivered price is to the local trader then the price will escalate to the end user. As a general comparison though VOG are getting a great price and the lack of competitive infrastructure ensures VOG will be the only game in town for industrial gas customers.
I understand Lukoil and Gasprom have good relations as competitors, they both have huge resources and strangely have not been hit by the drop in oil/gas prices like their Western peers because of the massive Rouble devaluation.
If they're sniffing around in Cameroon then maybe Gasprom might buy their own chunk of Bowleven;s offshore licence, VOG's probably a bit too small to be worthwhile though.
LOL yeah I don't think £1 is on the horizon anytime soon I am licking me wounds after the carnage of the last few days. The old account has took a battering another frugal xmas how many years is it now oh yes going on for 9 years and I am more skint now than I have ever been in me life. I don't know you invest your hard earned and end up skint I will have to do xtra shifts at The Not long Now working mens Club. Apes upset he keeps doing the Funky Gibbon dance.
Not Long Now till £1, Jam tomorrow Is AIM casino in Las Vegas or Los Alamos Will Angela Rippon still marry me? I'm having fun here, fortunately. If I want to make money (or rather lose less money) I go to Chesil beach to search for 2oz gold doubloons with the metal detector. I found a Peruvian Blue Peter Badge c 1922 last month and a Little Titch cuff link.
SpaceHoppa ... congrats on your purchase. You did well.
I topped up last week at 48.25 and was happy to do so. Of course, I only wish I had waited a week longer. Now I'm a little low on cash so can't dive in again ... but would if I could. Actually, in the grand scheme of things a few pence makes no real odds. I have said before that IMO, VOG at sub 50p is a steal and that is not intended as a 'ramp'. It is a considered view, relative to what I believe the share price should/could/will be.
I also think that when the audited results come in next year, when the planned wells are producing, when more customers are signed up (when not if ... imo) then no one will really remember the nit-picking nonsense over a few pence.
Don't point the finger at me I am no grass I get a lot of abuse and its like water off a ducks back so don't blame me maybe admin removed it because they didn't like your bullying ways. Tempers are getting frayed because of the pathetic Sp and losing lots of money brings the worst out in people. That reminds me where is Club Rampton.?
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