Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Metal Tiger PLC (LON:MTR) was a strong riser as its partner MOD Resources Limited (LON:MOD, ASX:MOD) received an unsolicited bid approach from Sandfire Resources (ASX:SFR).
Sandfire has made a non-binding indicative offer of 38c a share just as MOD has completed a A$15mln fund rise, which comprised a rights issue at 24c and institutional placing at 30c.
MOD said the offer “undervalues MOD’s unique and extensive assets” even though it is pitched at a substantial premium to both the prices of the fund raise and the market price beforehand.
The company owns 100% of the T3 copper project in Botswana and listed in London in November to raise awareness about the project.
MOD shares were up 50% to 21p in London or in line with the Sandfire offer.
Metal Tiger owns 12.5% of MOD and substantial options after it swapped its stake in T3 for shares in its partner and 30% of an exploration joint venture in numerous licences that surround the T3 copper development.
https://www.proactiveinvestors.co.uk/companies/news/212960/metal-tiger-buoyed-by-bid-for-partner-mod-212960.html
Production Update
21 Jan 2019
Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, is pleased to provide an update on the increasing production levels at the Logbaba Project.
Highlights:
Average production rate MTD for January 2019 of 8.5mmscfd as at 19 January 2019
91% increase on Q4 18 daily average production levels
9.9mmscfd average production for the 7 days to 19 January 2019
12.96mmscfd peak level reached on 18 January 2019 YTD
ENEO consumption levels at the Logbaba Power station have doubled to 30MW since the resumption of the contract in late December
The Company announced on 24 December 2018 that Gaz du Cameroun (“GDC”) had entered into a binding term sheet on the 21 December 2018 with ENEO Cameroon SA (“ENEO”) to resume gas supply to the 30MW Logbaba Power Station. Gas supply and power distribution commenced 22 December 2018.
Since the resumption of the contract with ENEO in late December, ENEO consumption levels have doubled from 15MW to the full 30MW at Logbaba as the equipment has been recommissioned. ENEO gas consumption has recently exceeded take or pay levels of 4.88mmscfd.
The term sheet with ENEO sets out 3-year contract duration with peak delivery of 6.1mmscfd to be made available to the Logbaba station on an 80% minimum Take or Pay basis throughout the year, which equates to a minimum average additional gas supply of 4.88mmscfd. This differs from the previous contract, which contained a seasonal minimum take or pay element of 90% during the January to June dry season and 30% during the wet season July to December. The initial gas sale price of $6.75 per MMBtu will increase over the three-year term of the agreement by $0.10/MMBtu on each anniversary of the effective date of the agreement.
Whilst gas supply for grid power to ENEO and to others will always be a key strategy of the Group, the Board, as previously announced, is focussed on the importance on the diversification of the customer base to reduce dependence on any single customer. Our industrial customers are consuming at record levels as reported in our Q4 18 operations update and the business development of these and other routes to market continue to be developed.
http://www.victoriaoilandgas.com/investors/news/production-update
Cameroon will be a major player in powering Africa-Fact
Africa is set for huge growth from now to forever-Fact
VOG are there to assist in this transformation!
bigsmoke said.. "There just isn’t the customer demand." really?
To be fair VOG have already stated that "the Company is in a strong position for growth during 2019." after the ENEO news:
"The new contract provides GDC with a stable three-year deal that immediately doubles daily average gas sales, whilst also offering a platform for further opportunities with ENEO, notably at their 20 MW Bassa Power Station in Douala.
With the resumption of the ENEO contract, the Company is in a strong position for growth during 2019.
GDC ’s significant reserve base and position as the only onshore gas producer in Cameroon provides a unique opportunity to produce more power in the region for the benefit of both the Company, and the people of Cameroon.
http://www.victoriaoilandgas.com/investors/news/renewal-long-term-gas-supply-contract-eneo
More likely just someone rolling over their 300k share bet!
No idiots to cover it?
1,2,3...…….
naks first posts this morning are priceless!
in full force this morning! Pathetic really!
It pointed out that the contract will increase current daily average consumption by more than 100% to approximately 8.8mmscf/d, with a gas price range from US$6.75 to US$6.95 per MMBtu over the contract term.
The company commented: "The new contract provides GDC with a stable three-year deal that immediately doubles daily average gas sales, whilst also offering a platform for further opportunities with ENEO, notably at their 20 MW Bassa Power Station in Douala.”
It added: “With the resumption of the ENEO contract, the Company is in a strong position for growth during 2019. GDC 's significant reserve base and position as the only onshore gas producer in Cameroon provides a unique opportunity to produce more power in the region for the benefit of both the Company and the people of Cameroon.”
https://www.proactiveinvestors.co.uk/companies/news/211708/victoria-oil--gas-subsidiary-gaz-du-cameroun-to-resume-gas-supply-to-logbaba-power-station-211708.html
2nd January 2019--Presidential Decree on Matanda Received
http://www.victoriaoilandgas.com/investors/news/presidential-decree-matanda-received
24th December 2018-Renewal of Long-Term Gas Supply Contract with ENEO
http://www.victoriaoilandgas.com/investors/news/renewal-long-term-gas-supply-contract-eneo
2nd January 2019--Presidential Decree on Matanda Received
http://www.victoriaoilandgas.com/investors/news/presidential-decree-matanda-received
24th December 2018-Renewal of Long-Term Gas Supply Contract with ENEO
http://www.victoriaoilandgas.com/investors/news/renewal-long-term-gas-supply-contract-eneo
Thought you had sold-up:
"PPC
RE: Biggy
Tue 07:33
been in and out for around six months i think. i was in VOG for about 10 years and I doubt a worse company could be found - bar afren"
http://www.lse.co.uk/member-info.asp?nick=bigsmoke&page=2
One you can try and dictate, you mean!
re sewage pipe, just a 30' section that I need to dig out and re lay to give a better flow...…….got leeks and swiss chard growing above at moment so end of month I'll start.
2nd January 2019--Presidential Decree on Matanda Received
http://www.victoriaoilandgas.com/investors/news/presidential-decree-matanda-received
24th December 2018-Renewal of Long-Term Gas Supply Contract with ENEO
http://www.victoriaoilandgas.com/investors/news/renewal-long-term-gas-supply-contract-eneo
Spreading lies and scaremongering is probably why you keep getting banned from LSE.
Another lie:
"Also what is the vog gb board that has just turned up with no info or posts on it. Is that board going to replace this board and start afresh.?"
For some reason LSE give alternative boards for NEX Exchange companies and always have done and not just happened to hide the past you idiot!
eg
http://www.lse.co.uk/ShareChat.asp?ShareTicker=BLVN.GB.PL&share=bowleven_plc
Daft bugger, VOG.GB is and always has been the ticker symbol for the NEX Exchange!
Stronger-than-expected growth
In a note to clients, analysts at ‘house’ broker finnCap commented: “The six-month trading update to 31 December 2018 demonstrates stronger-than-expected growth”.
They added: “The stock trades at a c.65% discount to its peer group in terms of EV/Sales as the market anxiously awaits the Phase III PQ Birch data, due in Q1 2019.”
The analysts said they had left their forecasts for Allergy Therapeutics unchanged for the full-year 2019 at this point and reiterated a 47p target price on the stock.
In early afternoon trading, shares in Allergy Therapeutics were 4% higher at 14.25p.
https://www.proactiveinvestors.co.uk/companies/news/212664/allergy-therapeutics-higher-as-revenues-rise-106-cash-reserves-grow-212664.html
been ramping this up, now watch it fall!