Register
Login:
Share:
Email Facebook Twitter

Please take part in our survey It takes 2 minutes and you could win an Apple iPad Air 2 (Terms and conditions apply). Dismiss Message




VOG Share Chat - RSS Feed

Victoria Oil & Gas Share Chat (VOG)



Share Price: 55.25Bid: 56.00Ask: 56.25Change: 0.50 (+0.91%)Riser - Victoria Oil
Spread: 0.25Spread as %: 0.45%Open: 55.50High: 56.50Low: 55.25Yesterday’s Close: 54.75


Share Discussion for Victoria Oil (VOG)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Premium Membership
GozoMike
Posts: 447
Off Topic
Opinion:No Opinion
Price:59.50
View Thread (3)
CNG
10 Jan '15
(Business in Cameroon) - Société nationale des hydrocarbures (SNH) has just announced that Cameroon’s natural gas reserves have been revalued, rising from 144 billion to 154 cubic metres. This 10 billion metric cube increase follows several prospecting exercises conducted in some of the country’s oil and gas fields by operators under contract with the State of Cameroon.
This increase in natural gas reserves follows an explosion in the production of this natural resource in Cameroon since the start of 2014. Indeed, according to SNH figures, gas production “reached 4.343 million cubic feet in the first four months of 2014, compared to 93.4 million cubic feet for the same period in 2013.”
This flurry of activity in the gas sector in Cameroon is due to the Sanaga South field, where production is constantly growing and also in the Logbaba field being mined by Rodeo Development, a subsidiary of the British company, Victoria Oil & Gas, led to the opening of the very first Sub-Saharan natural gas processing plant in November 2014 in Douala.
 
GozoMike
Posts: 447
Off Topic
Opinion:No Opinion
Price:59.50
CNG
10 Jan '15
We tend to ignore on this board that there are other oil and gas producers doing good business in Cameroon. The point I want to make is that there are plenty of opportunities for large scale joint ventures here. Lots of other producers are anxious to sell their gas from both onshore and offshore and have support of the Government to do so. It is the stated aim of Pres Biya to encourage the energy industry, in particular gas , to expand. He has seen the exponential growth at Kribi and wants the same in the north. There are several others near to us in the north who might be interested in funding a CNG train, Sinopec and Addax, Bowleven and others. Sinopec and Addax have 200 billion cubic feet of gas in their Iroko field alone.
In addition a joint venture with a local company to sell large lorry loads of CNG to industry in outlying areas is also a viable prospect. I do not expect VOG to get involved in the filling of 10 and 20Kg bottles to individuals, more like 10 and 20 tonnes at a time to factories.
SNH in partnership with Perenco completed trials on converting cars and lorries to gas in May 2014, so this is not new to Cameroon and the conversion of Guiness lorries to gas, etc, etc, is not new or pie in the sky. It is also not a big business. VOG are doing all the right things but need to identify a strategic partner and concentrate on what we are good at, which is producing gas.
mrJimV
Posts: 8,315
Off Topic
Opinion:No Opinion
Price:59.50
View Thread (2)
RE: voger
10 Jan '15
Oh I had better put the link up for blackpuss .
http://www.nairaland.com/1244511/dangote-converts-20000-trucks-natural
mrJimV
Posts: 8,315
Off Topic
Opinion:No Opinion
Price:59.50
View Thread (2)
voger
10 Jan '15
I am not going to ramp CNG on what VOG tend to do about CNG but it is well under way , oh who will take CNG in their lorries , well for a start Guinness and Dangote , Dangote has already converted 20,000 lorries to CNG
rodlin
Posts: 2,586
Off Topic
Opinion:No Opinion
Price:59.50
View Thread (7)
RE: CNG
10 Jan '15
Oh well, that's another filtered. The list seems to grow daily.
Malbrun
Posts: 436
Off Topic
Opinion:No Opinion
Price:59.50
View Thread (7)
RE: CNG
10 Jan '15
Serial de-ramper, can't stay away.
voger
Posts: 7,210
Off Topic
Opinion:No Opinion
Price:59.50
View Thread (7)
RE: CNG
10 Jan '15
it's all talk again by foo.
come on guys, we have been here before.
tanking the gas 100kms to customers,lol
they can't get the customers on the pipe line to take the gas.
and as for using gas to fuel cars and trucks?
well its never taken of in any other country, so why do you think it will take of in africa.
might get a scuff here and there with CNG if you are lucky.
will come down to costs again, they won't or can't pay for the conversion.
but it is always a nice carrot.
carrot and jam, hmmmmmmmmmm
blackpuss
Posts: 421
Off Topic
Opinion:No Opinion
Price:59.50
View Thread (7)
RE: CNG
10 Jan '15
rodders and jim should be on stage together

would make an awesome double act
swallowsamazons
Posts: 378
Off Topic
Opinion:No Opinion
Price:59.50
View Thread (7)
RE: CNG
10 Jan '15
Im sorry did you say fastrack and VOG all in the same sentence, with a straight face...
rodlin
Posts: 2,586
Off Topic
Opinion:No Opinion
Price:59.50
View Thread (7)
RE: CNG
10 Jan '15
Maybe that's why VOG are looking to fast track this. Attempting to maintain their first mover advantage? Makes sense to me.





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


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.