Member Info for bigsmoke

“Given the very significant unrisked potential and excellent strategic fit offered by Matanda, we congratulate VOG on its successful receipt of presidential approval for the acquisition, with news of this coming hot on the heels of renewal of the Eneo supply contract in December,” said Shore Capital analyst Craig Howie.

“VOG highlights the fact that Matanda, which is primarily onshore and on the western side of Douala, provides an opportunity to develop an independent gas field to feed growing markets in the Bonaberi areas and beyond, with offshore areas providing additional long-term potential.”

The analyst added that he looks forward to “fully reflecting recent positive developments” into Shore Capital’s models, and, in the meantime noted that the broker’s most recent valuation was pitched at 70p (net asset value) which compares to a current share price of 23.48p.

VOG shares started higher, rising 1.86p to change hands at 23.3p each.

--Updated to add Shore Capital comments and share price--

good luck mr shota. of course, I am in the same boat (not completely).
In summary, we are looking better Jan 2019 then Jan 2018, that's for sure.

"GDC and AFEX will focus on the onshore prospects located within a few kilometres of the adjacent Logbaba concession. The close proximity of the existing Logbaba gas pipeline network will also allow for new discoveries on Matanda to deliver additional natural gas to industrial users in Cameroon."

Low. hanging. fruit.

"ENEO has expressed their intention to increase power generation levels to include an additional 20MW from its Bassa Power Station in due course" - emphasis on ENEO's expression of interest. Willingness is there.

Decree signed by H.E President Paul Biya was recieved on December 17, 2018 and Logbaba power back on on 22nd then it seems there was a whole host of wheeling and dealing scheduled and approved between CamGov, ENEO and VOG.

Cameroonian separatists fighting for the independence of the self-declared state of Ambazonia have put their own cryptocurrency on sale to the general public. The AmbaCoin aims to provide humanitarian relief to those affected by the conflict in the Anglophone regions with the hope of raising up to 250 million US dollars.
http://en.rfi.fr/africa/20190101-cameroon-separatists-sell-ambazonia-cryptocurrency-replacement-cfa-franc

I am sure that the energy wells will accept payments in AmbaCoin ..

shota - hope you didn't sell all your AMER (see today's RNS), big year ahead there.

as Mr Good said, high risk reward here.

rhodi - looks like we made the right move!
goodness, looks like a great 2019 ahead.

bigsmoke - 68p
noveckingood - 55p

Dry your eyes guys. Two years!
We have just added a 30MW contract - ALL YEAR.
As stated, Matanda holds known low hanging fruit. It is not the same exercise as Logbaba.

Who's game?

bigsmoke - 68p.

Mantanda has some easy accessible gas just next to pipeline.

Strong deranps going on...

RNS is great news and sets us up as takeover target at these cheap prices.

Great news.

Happy, healthy and peaceful New Year to you all.

A happy, healthy and peaceful new year to you all.

Hopefully 2019 will be a home run for AMER.

might it not be that there are auto-buy/sells placed and in order to match a batch order then it may need to move one way or another to satisfy the trades? just putting it out there.

outweighing sales today.

Electricity supply for the new Dibamba industrial zone
https://eneocameroon.cm/images/pdf/Stakeholders-Information-Note.PDF

"In terms of commercial actions, it (ENEO) will focus on: Accelerating smart meter and prepaid meter programmes;"

"Energy wells" may be Mr Foo's brand, but it clearly an ENEO initiative. This bodes very well.

Electricity supply for the new Dibamba industrial zone
https://eneocameroon.cm/images/pdf/Stakeholders-Information-Note.PDF

About ten companies expressed their intention to set up in this zone in the coming months. Special connection agreements are being negotiated to speed up the financing and installation of dedicated network facilities for future industrial customers in this area. By the end of 2018, the works will make available up to 20MW. The Central Operations Directorate is closely monitoring this file on the reinforcement of power supply to the new industrial zone in bout ten companies expressed their intention to set up in this zone in the coming months. Special connection agreements are being negotiated to speed up the financing and installation of dedicated network facilities for future industrial customers in this area. By the end of 2018, the works will make available up to 20MW. The Central Operations Directorate is closely monitoring this file on the reinforcement of power supply to the new industrial zone in Dibamba..