focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
"I can't remember a good day in Vog land." more fool you!
From the VOG Q3 Operation Update last month regarding the partnership with Naturelgaz (a division of Global Investment Holdings)
CNG Development
On 26 June 2018 the Company announced an agreement to partner with Naturelgaz Sanayi ve Ticaret A.S.(“Naturelgaz”) on CNG projects. Naturelgaz is Europe’s largest CNG supplier and distributor and brings valuable expertise within this field to support GDC. The project will allow GDC to reach to reach larger customers beyond the pipeline infrastructure and aims to replace diesel and heavy fuel oils in a variety of applications. In 2017, Naturelgaz produced and sold over 5.2bcf of CNG in Turkey.
GDC and Naturelgaz have completed positive feasibility and marketing studies on the CNG project in Cameroon.
CNG, which is a cleaner fuel at a competitive price competes with liquid fuels such as fuel oil, LPG or diesel.
Marketing studies by GDC/Naturelgaz have concluded that five types of customers would use CNG in Cameroon; thermal, off-grid power generation, commercial trucking, public transportation, and domestic transportation. The studies indicate the near-term potential of the CNG market, within a 60 km radius of the Logbaba facilities, is 2mmscf/d thermal and 2mmscf/d industrial power. The pricing of CNG will be benchmarked against competing liquid fuels. To date, 20 customers have expressed interest in CNG within a 60 km radius of Douala.
The partnership will provide CNG infrastructure for customers in and around Douala, with the intention of rolling the concept out further in the longer term. GDC will supply natural gas, land space and support services to the CNG production facilities, whilst Naturelgaz will design, build and operate the CNG production, distribution and offloading facilities.
Negotiations on the commercial structure of this initiative are ongoing and expected to be concluded during Q4 2018.
http://www.victoriaoilandgas.com/investors/news/q3-2018-operations-update-and-non-grid-business-developments
At GIH, we set our new business strategy as delivering growth through focusing on our strategic sectors. We aim to continue swift growth as we use our resources more efficiently in sectors of high importance and of high growth potential in near-future, such as port infrastructure, renewable and clean energy, as well as asset management sectors.
https://globalyatirim.com.tr/en/about
50 in one day is a bit harsh from naks, the usual six is nearer the mark! :-)
you said it!
should take it over 50 posts before lunch is even over at this rate!
Wednesday on LSE!
getting a bit excited!
Naturelgaz has entered into an exclusive agreement to partner with Gaz du Cameroun S.A. (GDC). Gaz du Cameroun is a wholly-owned subsidiary of Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor and listed on the AIM market of the London Stock Exchange under the ticker VOG.
The purpose of this long-term partnership will be to:
Design, build and operate compressed natural gas (“CNG”) infrastructure and solutions for customers who need mobile energy, initially in GDC’s home market of Cameroon with the intention of rolling this out into other African countries.
Market CNG products, including bulk CNG and gas-to-power to industry and businesses which require reliable off-grid / off-pipeline energy solutions, as well as Auto CNG for alternative mobility solutions.
Phase 1 agreed between the parties is a 2mmscf/d (21mscm/y) CNG plant and customer distribution project currently in design stage.
https://globalyatirim.com.tr/en/investments/industrial/compressed-naturel-gas
abuse?
"Banjomick good attempt to push my post off of the current page."- daft bugger! :-)
Highlights:
Gross gas sales increased by 11% on Q2 to 356mmscf
Average gas production increased by 12% on Q2 to 3.72mmscf/d
4 additional thermal customers consumed gas during Q3 2018 and an additional customer was connected for industrial power just after quarter end
GDC signed GSA’s with 4 new customers for Industrial Power during the quarter
W/E 19 October 2018 average gross gas sales of 4.6mmscf/d
Focus on non-grid customer build out via three new business units
The Board is pleased to provide more details of its “Non-Grid” business which is focused on increasing gas sales and revenue via increased thermal sales, the roll out of its Industrial Power Unit and establishment and growth of the compressed natural gas (CNG) Unit with partners Naturelgaz of Turkey. The Company is also pleased to introduce its “Energy Well” concept which aims to provide power to people in Cameroon that have no access to grid power.
http://www.victoriaoilandgas.com/sites/default/files/181022%20Q3%2018%20Ops%20Update%20FINAL.pdf
Global Investment Holdings (Naturelgaz) have updated (a few weeks ago) their website regarding the VOG agreement:
Partnership with Victoria Oil & Gas Plc
Naturelgaz has entered into an exclusive agreement to partner with Gaz du Cameroun S.A. (GDC). Gaz du Cameroun is a wholly-owned subsidiary of Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor and listed on the AIM market of the London Stock Exchange under the ticker VOG.
The purpose of this long-term partnership will be to:
-Design, build and operate compressed natural gas (“CNG”) infrastructure and solutions for customers who need mobile energy, initially in GDC’s home market of Cameroon with the intention of rolling this out into other African countries.
-Market CNG products, including bulk CNG and gas-to-power to industry and businesses which require reliable off-grid / off-pipeline energy solutions, as well as Auto CNG for alternative mobility solutions.
-Phase 1 agreed between the parties is a 2mmscf/d (21mscm/y) CNG plant and customer distribution project currently in design stage.
About Victoria Oil & Gas:
Victoria Oil & Gas Plc ("VOG" or "the Company") is a fully-integrated onshore gas producer and distributor with operations located in the port city of Douala, Cameroon. Through the Company's wholly-owned subsidiary, Gaz du Cameroun S.A. ("GDC"), VOG delivers gas via a 50km gas distribution pipeline network to a range of major industrial customers.
Since spudding its first wells in 2010, the Company has grown to become the dominant player in the Cameroon onshore gas market, primarily through the 57% owned Logbaba gas project. GDC is partnered on this project with RSM Production Company ("RSM"), and Société Nationale des Hydrocarbures ("SNH"), who have holdings of 38% and 5% respectively. Subject to government approval VOG will extend it acreage over the highly prospective Douala Basin with the addition of the Matanda license area.
Victoria Oil & Gas is listed on the AIM market of the London Stock Exchange under the ticker VOG.
From the Global Investment Holdings site:
https://globalyatirim.com.tr/en/investments/industrial/compressed-naturel-gas
From the Naturelgaz site:
http://www.naturelgaz.com/
Global Investment Holdings (Naturelgaz) have updated (a few weeks ago) their website regarding the VOG agreement:
Partnership with Victoria Oil & Gas Plc
Naturelgaz has entered into an exclusive agreement to partner with Gaz du Cameroun S.A. (GDC). Gaz du Cameroun is a wholly-owned subsidiary of Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor and listed on the AIM market of the London Stock Exchange under the ticker VOG.
The purpose of this long-term partnership will be to:
-Design, build and operate compressed natural gas (“CNG”) infrastructure and solutions for customers who need mobile energy, initially in GDC’s home market of Cameroon with the intention of rolling this out into other African countries.
-Market CNG products, including bulk CNG and gas-to-power to industry and businesses which require reliable off-grid / off-pipeline energy solutions, as well as Auto CNG for alternative mobility solutions.
-Phase 1 agreed between the parties is a 2mmscf/d (21mscm/y) CNG plant and customer distribution project currently in design stage.
About Victoria Oil & Gas:
Victoria Oil & Gas Plc ("VOG" or "the Company") is a fully-integrated onshore gas producer and distributor with operations located in the port city of Douala, Cameroon. Through the Company's wholly-owned subsidiary, Gaz du Cameroun S.A. ("GDC"), VOG delivers gas via a 50km gas distribution pipeline network to a range of major industrial customers.
Since spudding its first wells in 2010, the Company has grown to become the dominant player in the Cameroon onshore gas market, primarily through the 57% owned Logbaba gas project. GDC is partnered on this project with RSM Production Company ("RSM"), and Société Nationale des Hydrocarbures ("SNH"), who have holdings of 38% and 5% respectively. Subject to government approval VOG will extend it acreage over the highly prospective Douala Basin with the addition of the Matanda license area.
Victoria Oil & Gas is listed on the AIM market of the London Stock Exchange under the ticker VOG.
From the Global Investment Holdings site:
https://globalyatirim.com.tr/en/investments/industrial/compressed-naturel-gas
From the Naturelgaz site:
http://www.naturelgaz.com/
Highlights:
Gross gas sales increased by 11% on Q2 to 356mmscf
Average gas production increased by 12% on Q2 to 3.72mmscf/d
4 additional thermal customers consumed gas during Q3 2018 and an additional customer was connected for industrial power just after quarter end
GDC signed GSA’s with 4 new customers for Industrial Power during the quarter
W/E 19 October 2018 average gross gas sales of 4.6mmscf/d
Focus on non-grid customer build out via three new business units
The Board is pleased to provide more details of its “Non-Grid” business which is focused on increasing gas sales and revenue via increased thermal sales, the roll out of its Industrial Power Unit and establishment and growth of the compressed natural gas (CNG) Unit with partners Naturelgaz of Turkey. The Company is also pleased to introduce its “Energy Well” concept which aims to provide power to people in Cameroon that have no access to grid power.
http://www.victoriaoilandgas.com/sites/default/files/181022%20Q3%2018%20Ops%20Update%20FINAL.pdf
Highlights:
Gross gas sales increased by 11% on Q2 to 356mmscf
Average gas production increased by 12% on Q2 to 3.72mmscf/d
4 additional thermal customers consumed gas during Q3 2018 and an additional customer was connected for industrial power just after quarter end
GDC signed GSA’s with 4 new customers for Industrial Power during the quarter
W/E 19 October 2018 average gross gas sales of 4.6mmscf/d
Focus on non-grid customer build out via three new business units
Highlights:
• Gross gas sales increased by 11% on Q2 to 356mmscf • Average gas production increased by 12% on Q2 to 3.72mmscf/d • 4 additional thermal customers consumed gas during Q3 2018 and an additional customer was connected for industrial power just after quarter end • GDC signed GSA’s with 4 new customers for Industrial Power during the quarter • W/E 19 October 2018 average gross gas sales of 4.6mmscf/d • Focus on non-grid customer build out via three new business units
The Board is pleased to provide more details of its “Non-Grid” business which is focused on increasing gas sales and revenue via increased thermal sales, the roll out of its Industrial Power Unit and establishment and growth of the compressed natural gas (CNG) Unit with partners Naturelgaz of Turkey. The Company is also pleased to introduce its “Energy Well” concept which aims to provide power to people in Cameroon that have no access to grid power.
http://www.victoriaoilandgas.com/sites/default/files/181022%20Q3%2018%20Ops%20Update%20FINAL.pdf
thread today! Lacking in content but popular all the same...…...
Good synopsis but there were indeed 'fireworks' this morning and throughout the rest of the day with high volume as positions were sold or bought into, this SP should be a solid base from here as further news on their various projects is released.
Mal, whether you believe mjones or not, I don't think you can class his/her posts as ramping!
Just buy back in rather than trying to guess the bottom...…….