Vogiatzoglou Sy Share Price (0GH2)

27 Mar 2024 Administrator's progress report

https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history/MzQxNTE2ODI0M2FkaXF6a2N4/document?format=pdf&download=0

Would help to know how many read this by tick on recommend button Thanks

19 Sep 2023

https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history/MzM5MzY0NjQ2OWFkaXF6a2N4/document?format=pdf&download=0

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Notice of extension of period of Administration

Feb 20-- 2025

https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history/MzQwNzkyODc4NWFkaXF6a2N4/document?format=pdf&download=0

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https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history

Our Campaign

This campaign is a call to action to protect GDC, a cornerstone of Cameroon's energy sector, from foreign legal challenges that risk its existence. By joining us and signing our petition, you are standing up for Cameroonian jobs, ensuring energy security, and defending our national sovereignty. We believe in a Cameroon where our resources are managed by and for Cameroonians, and your support is crucial in this fight.

https://www.savecameroonianjobs.com/about-us

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Petition https://www.savecameroonianjobs.com/

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Hundreds of Cameroonians employed by Gaz du Cameroun, GDC, are reported to be at risk of losing their jobs while clean energy supply to critical businesses and government structures might also be in jeopardy in the nearest future. The disturbing development follows plans by US Based RSM Production Corporation embarking a legal onslaught against Gaz du Cameroun known as GDC.

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https://assets-global.website-files.com/656f312e7bb2da8a68b73576/656f324e2b5ed040d42d7479_Screenshot%202023-12-05%20at%2014.23.07-p-1080.png

Cont,d

“Remember, this isn’t just about defending a company; it’s about safeguarding our nation’s economic stability and protecting the livelihoods of thousands. The actions of one individual in the US should not dictate the destiny of countless Cameroonians,” the platform beckons.

GDC, it should be said, provides alternative energy to Cameroonians for breweries and it is also helping to dilute the electricity deficiency in the country as it provides an alternate solution to high consumers to get electricity for their production.

The company has successfully operated within Cameroon since 2009 and has unlocked the country’s energy resources to supply the local economy in Cameroon with gas and electricity, whilst RSM has benefitted financially they intend to play no part in further development and seemingly are not concerned about the future of Cameroon or Cameroonians employed in a viable company.

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GDC primarily supplies major industrial customers, including GUINNESS, DANGOTE, SABC, CHOCOCAM, CICAM and CAMLAIT, among others.

In 2015, GDC signed an agreement with national power provider ENEO, to replace Heavy Fuel Oil (“HFO”) usage at power stations in the area, with a cleaner alternative: natural gas.

GDC has long-term gas supply contracts with customers who use gas for a variety of different applications. In early 2016, VOG added to its 20km exploitation license at Logbaba, with the assignment of 75 percent of the neighbouring 1,235 square kilometre exploration block, Matanda, increasing its footprint in Douala, Cameroon.

GDC has secured its position as a dominant gas supplier to industries in Douala. The company is focused on a “pure gas” sales model, delivering a consistent cleaner fuel source to a diverse range of markets and applications.

Fears are rife that Cameroon’s renewable energy strides, as well as thousands of lives, could be lost if the situation is not arrested.

If the feared scheme goes through, hundreds of Cameroonians risk losing their direct jobs, while thousands of others who are indirectly recruited through the activities of GDC will not also be spared. The move also threatens Cameroon’s clean energy supply to critical businesses and government structures.

By Andrew Nsoseka

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https://www.atlanticchronicles.com/saving-gaz-du-cameroun-cameroonians-launch-campaign-platform-to-defend-companys-existence-livelihoods/

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Think most holders have given up not many posting here