Sorry Serge . Their currently market base is too small. and their expansion plans are very small too, that is in terms of a company that can produced a good dividend, hence a higher SP. A one mile pipeline and the possibility of convincing a couple of local companies at the end of it to use their gas, is hardly worth a 1p on the share price . Three gen sets , up and running, may produce another 1p , They have a long way to go and a lot more vision needed to get this off of the ground. Their oil/gas field in Russia may help a lot more than the Camaroon's to change things
Actually I would re-phrase the poor sod bit. Because on a small scale I reckon a budding entrepreneur could make some money . Step 1 :- Set up a filling station/ gas compression site next to one of vog’s pipelines and get yourself connected to gas. Step 2 :- Offer a car convesrsion service to convert cars/trucks to CNG . (profit) Step 3:- Sell em the gas (profit)
Investment not much. Competition none yet ? Profit slow but growing
However vog is after a lot more than a few Cameroonians and their dog converting their cars to CNG. Maybe more detail will be given at a presentation.ATB
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