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POO/POG rising with global demand like the clappers, £1m raised via an existing shareholder - one year term to be repaid - assumes some confidence or you could argue dilution if options exercised, Matanda progressing we assume , WM fully impaired already and now looks like not enough power in Cam. Hope arbi comes in soon with a VOG positive and that Matanda spews out the necessary.
(Business in Cameroon) - In an interview with the newspaper Défis Actuels , the mayor of the city of Douala, the Cameroonian economic capital, announced the start of construction work on the tramway during the year " This is the tramway project which comes from Douala 4th to the Agip crossroads. It's 18 km ,” says Roger Mbassa Ndiné.
This project, presented by the Ministry of Urban Development and Housing as a pilot project, will be implemented by the Belgian-Turkish consortium Iristone-Ilci. These partners of the Cameroonian government had already announced the start of work in 2019, for delivery scheduled for 2021. In the event of the actual start of work in 2023, delivery of the site is scheduled for 2024.
In order to make available the electrical energy that the tramway badly needs, and which is lacking in Cameroon, the project included the construction of an autonomous power plant in the industrial zone of Bonabéri, in the suburbs of the economic capital. This infrastructure will be equipped with power beyond the tram's operating needs, specifies the Iristone/ILCI consortium.
https://www.investiraucameroun.com/transport/0403-17596-douala-le-maire-de-la-ville-annonce-le-demarrage-des-travaux-de-construction-d-une-ligne-de-tramway-de-18-km-en-2023
Electricity: production deficit, maintenance work and grid saturation plunge Cameroon into darkness
(Business in Cameroon) - A few days ago, Eneo, the public electricity service concessionaire in Cameroon, returned to the rationing of electrical energy in the country. In almost all the main cities of Cameroon, entire neighborhoods are without electricity for hours, or all day. The situation is even more worrying in rural areas, we learn from various sources.
“ The entire electricity system, in its generation, transmission and distribution segments, is experiencing constraints. This leads to an energy deficit which is accentuated by two main factors: the saturation of the transport network; the limitation of production in certain power plants, either for maintenance, fuel supply constraints, or because of low water levels ”, explains the electricity company in a press release dated February 21, 2022.
In detail, we learn from authorized sources, the Memve'ele dam (South region), which until now only delivered about 90 MW out of the 211 MW expected for almost 5 years, saw its production drop by drastically (35 MW) in recent weeks, due to hydrological constraints resulting from the harshness of the dry season. According to forecasts by operators in the electricity sector, this loss of 55 MW cannot be absorbed before mid-March (start of the rainy season), or even the beginning of April 2022.
Government instructions
At the same time, we learn from sources familiar with the matter, the groups of the Kribi gas power plant, in the South region, only produce around 160 MW of electricity, out of an installed capacity of 216 MW that can be extended. at 330MW. At the origin of the drop in production of approximately 56 MW in this plant controlled by Globeleq Africa, an independent electricity producer controlled by the British investment fund Actis (as is also the company Eneo), are the equipment maintenance work, we learn.
However, how did we come to schedule maintenance work in this critical energy infrastructure at the height of low water, a period characterized by the drop in water levels in the dams, and the corollary of which is the drop in production in the hydroelectric power stations, which are then generally supplemented by thermal and gas power stations?
more......
https://www.investiraucameroun.com/energie/0403-17595-electricite-deficit-de-production-travaux-de-maintenance-et-saturation-du-reseau-plongent-le-cameroun-dans-le-noir
It may have been suggested previously, or I may not know the full facts, but couldn't VOG gas be part of the solution to stop using Russian gas. Have heard possibilities of importing gas from as far afield as Australia. Douala is much closer !
Like buses then 2 come along, another loan note for even more money. Will they ever make a profit ?
Tell us something we haven't already known for the previous 10 years Jed. Lol
I think it's fair to say that any sale of West med in Russia is dead in the water for the next 10 years if ever now. !!!!!!!
Jay on Advfn please tell me what/when???
Great . So pleased my kids' inheritance is saving lives. Much more important that making money
All good but what we want/need is
Tweet/News of arbitration!!!!!!
Victoria Oil and Gas
Proud of our Cameroon operations safety record
Gaz du Cameroun
@GazduCameroun
· 1h
GDC marking one million man hours without lost time injury
https://pbs.twimg.com/media/FMhekHvXEAUgGqf?format=jpg&name=small
Wonder if anyone in Boris' government is talking to the Cameroon government about allowing vog to export gas to us
4.8% in early trading
(Business in Cameroon) - In its report on the impact of the coronavirus on Cameroonian companies in 2021, the National Institute of Statistics (INS) points out that “? overall, very few companies contacted (7%) are closed as a result of the pandemic”. Better, we learn, “? nearly 87% of the companies interviewed were open and operational in July 2021, while this proportion was 79.8% in March 2021 ?”.
In other words, between the months of March and July 2021, the number of operational companies even increased by 7.2%, which testifies to a certain attenuation of the effects of the pandemic on the functioning of these structures. production. Among the effects thus mitigated, we can cite the lack of financial resources which, according to the INS, was the cause of the closure of 48% of the companies that had temporarily or definitively closed down.
In fact, in order to allow banks to increase business financing tenfold, the Beac resumed its liquidity injection operations at the start of the pandemic in credit institutions in the CEMAC zone (Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea). These injections of liquidity, which the Beac was nevertheless preparing to eliminate at the time of the confirmation of the first cases of Covid-19 in Cameroon, made it possible to oxygenate the cash flow of companies, which were thus able to continue or boost their activities despite the pandemic.
“? Despite the Covid-19 crisis, the credit institutions that have refinanced themselves with the BEAC have generally maintained their outstanding loans to the private sector. Indeed, after a decline observed between March and August 2020, the outstanding balance of loans to the private sector gradually recovered to stand at CFAF 3,020 billion at the end of March 2021, a level higher than that recorded at the start of the year. crisis (2,737 billion FCFA) ?” in March 2020, can we read in the latest edition of “? The research letter ?”, a publication of the Beac.
https://www.investiraucameroun.com/gestion-publique/2402-17556-covid-19-tres-peu-d-entreprises-ont-ferme-au-cameroun-en-2021-malgre-la-persistance-de-la-pandemie-ins
you say we dont have enough gas what about the 50% that we used to supply to the power station we dont supply anymore, we had enough then to supply our industrial customers and the power station so my maths tells me we have a surplus that we could export . all i wanted was an answer from the board and did not recieve one. im not convinced that we dont have enough to export and wanted an explanation..
Thanks, I can’t be assed, for now, digging into the actual figures, but these are HT/HP wells with massive potential. As you note, there is also the added acreage that has been mapped/assessed, but, as yet, not exploited.
They cannot seem to find enough customers in their own supposedly gas hungry backyard to make a profit, where all the infrastructure is already in place. Please don't provide them any further great ideas on how they can haemorrhage more of their fast dwindling cash reserves.
We do not have enough gas to export, it would take us forever to fill a ship!
The important thing is to make sure we have enough to support our existing customers, once we have matanda, providing the results are positive, we will have many more options.
Yes, I sent a similar email, a while back, - no response.
i want to know why we are not exporting any gas to europe ive emailed vog dead silence
Unless we can sell it to a Russian outfit. Gazprom Rosneft?
Ridiculous how this is being drawn out Surely by now they (panel) must have a decision date or at very least the date of next meeting, its never ending
We can forget about any sale !!
Putin making sure no one will be able to deal with Russia !!