For the 2015-2016 period, Gaz du Cameroun (GDC) plans to increase production by drilling two new wells in the Logbaba gas field, which was developed in the suburbs of Douala by its parent company, the British oil company, Victoria Oil & Gas (VOG). According to GDC Business Development Director Henri Serge Job, the first well will be drilled in late 2015, while the second will be drilled in 2016. Without specifying the amount of the investment, Mr. Job indicated that the funds will be used to address Cameroon manufacturing companies’ growing demand for natural gas.
Banjomick . Interesting on page 27 . The go ahead to build gas storage tank up in Yaoundé . Although relatively small at 1000m3 for domestic gas storage the gas for it is going to have to come from somewhere . Does it mean VOG CNG trucks are going to be on the road shortly??
I'm not so sure ,the market seems unwilling to reward any aim company that performs now and has been for the last 4 years if we get one sniff of any bad news we will drop like a stone ,the elite want the markets as low as possible to start it all over again if you can sit it out another ten years with and Vog is still around then who knows I think even foo is over it now
we dont have any news left to keep this stable until the financials are published in october, which makes me think that this is going to struggle until then we may get the contract for the next power station in between but wont know the exact details meaning maybe we would lose it before it happens ie if the pipeline is late no one can know the future happily it does seem that its a rosy one atb
One of the key elements that will put off serious players is the lack of a CEO.
The management structure is too concentrated around KF who needs to step back and let someone else take on the day to day stuff. There is no obvious successor if anything happened to him, which is worrying.
Well so far another very slow day with only 8 trades, with all the so called good news why is it that still nobody seems to want Vog. The sooner we change the chairman,get a CEO and get an experienced PR person nothing is going to change. I don't want to wait another 5years.
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