I expect VOG to drill more wells on other Aftrican asset next year sometime to beef up the future supply (the The Anomaly' lol. Actis 45mw deal for the moment maybe sorted within a year. At least the thermal customer base is still growing. Lol it's Cameroon not Camberley. Don't hold your breath unless training for an Olympic free diving event. Not too far from the November Interims anyway. Brrrrr.
bobby thats right, we have plenty of gas at the moment, infact if needs be we can increase the scuffs by building another processing plant or from memory adding to the one we have now, there is no need to drill at the moment at all, we aren't even selling a quarter of the gas we can supply to market at the moment. Actis can sign a contract with VOG to supply 10 scuff a day tomorrow for 20 years and we can supply them. after that we have time and a very good chance of getting the finance to drill for more gas. as foo said, quarter steps, so no spending $10-20 mill on drilling until most if not all gas is being sold to market what we have now. apart from that. how long would it take to plan and get a drill done and proven up?
foo does not seem to want to give out any info any more, not a bad idea with his passed record.
1. Methinkks there wont be an Actis contract until VOG can assure long term supply 2. It seems likely to do that more gas has to be proven 3. So a bit of drilling in prospect and the need to pay for it- cant be done from operations cash surpluses. 4. So JG needs to divy up .....and news on that front is well overdue. 5. Lots overdue now....we dont even know if Dangote will be just a thermal customer 6. Anyone know what happened in Cameroon's latest round of exploration licenses? 7. ...Why can VOG not give us an indication of target hookups.?
maisy good morning, that silly drop on the bid every morning for a few minutes is a joke. is it to try and get a very little stop loss, or to leverage out a few longs on spread betting, what ever it is it should stopped. i watch a lot of sp's going up at great speed only to find that all of a sudden the bid will drop 20% for a few seconds to wipe out stop losses or leverage people out. its not cricket, if can't place a stop loss of say 10% without them robbing people they may as well stop doing them. i would never put a stop loss on in AIM,
Smell MM triggering a stop loss. Price then up to 1.53 on bid - paying 1.55.
Few sellers, MMs paying a premium to quoted and few byers - all waiting for newsflow. looking very steady and the mornings of the bid being hacked at open and then staying like that are receding...I hope.
Think larger buy still being worked and MMs slowly getting stock to fill - painfully slow as far as I can see.
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