I am expecting smallish loss, and then some commentary on current scuffs - no real change anticipated and above all some update on ENEO and gensets, poss. Dangote. Nothing more.
The ENEO deal dwarfs the Bonaberi and Dangote thermal usage, and will be doing the bulk of VOGs income generation. Dangote power would be nice, but they obv. have their own problems in getting their plant moving.
So, all down to ENEO, genset and power station update with interims a side issue imho.
I recon we are gona get some bad news If this price is all we can achieve on power station news , don't think it will change when it's turned on there is defo bad news lurking in the background I'll put my life on it there you go
Everything that goes on in the energy sector in Cameroon is of some interest, but BLVN signed that agreement ages ago for a plant that is in the builds stage and as I recall their problem is I think it doesn't come on line until 2016 so the have no revenues.
Perhaps that's why they are keen to drill near to Douala as the market has already been primed through VOG's efforts and the industrial base is much more concentrated.
Its interesting that the port at Kribi is intended to generate a lot of new industry and perhaps BLVN will benefit from that and there is also the planned Floating Liquified Natural Gas Platform (FLNG)which is being built so Bowleven seem to be in a situation of simply having to bide their time.
I watched a Video a week or two ago about what the Kribi port will bring to Cameroon, all sorts new industrial activity including new mines, so VOG and Bowleven should benefit as overall demand shortages throw up opportunities.
There is huge potential for both companies, for instance a world bank representative has just visited Cameroon to assess investment risk, they are very important as it should be borne in mind that that helped fund the recent power station builds including Kribi and Dibamba as well as backing Hydro plants.Their intention to support projects is great news, wishful thinking but an expansion of Dibamba and conversion to gas would be a nice project for them lol. Extracts from an article about the visit include,
"Cameroon is a vast construction site, a situation that attracts foreign investors. Be it in the energy, electricity, transport and mining sectors, foreign investors continue to stream in....
....She said notwithstanding the threats, Cameroon remains a stable country full of potential and investment-friendly. She identified the energy, agriculture, hydroelectricity, gas and transport (road projects) sectors as potential areas of intervention....
Speaking to the press at the World Bank office in Bastos Yaounde on February 20, 2015, Quintrell noted that Cameroon is a good risk and MIGA was ready to remain an instrument for the country’s sustainable development through active participation with the public and private sectors.
After meeting with government officials, the World Bank scribe revealed her determination to mobilize capital for important projects, including those in the infrastructure, energy, and other job-creating sectors as well as see with investors that the volume of foreign investment in the country is increased.
In 2014, MIGA supported investments in three projects in the country that will contribute to the power sector’s stability, continuity, and recovery to the tune of over 278 million US Dollars"
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