29 Oct 2014 07:00
RNS Number:
Victoria Oil & Gas PLC
29 October 2014
Victoria Oil & Gas Plc
("VOG" or "the Company")
Wouri River Pipe Laid to Bonaberi Shore, Douala, Cameroon
Victoria Oil & Gas Plc, the emerging Cameroon utility company, announces that 678 metres of gas pipe has successfully been laid under the Wouri River to the northern Bonaberi shore in Douala, Cameroon's major industrial city.
The laying of the 400mm pipe under the Wouri River extends the reach of the Gaz du Cameroun ("GDC") gas supply network to a new industrial customer hub within Douala. To date, GDC has laid 860 metres of 400mm pipeline and 1,129 metres of branch spurs in the Bonaberi-Magzi Estate area. This network will shortly be connected to the main pipeline, commissioned and ready to supply gas to new customers, following safety checks and flow testing.
Following this extension to the network, there are now three customers with signed gas supply agreements in place. GDC, working ahead of the pipe-laying under the river, has already converted burners and completed downstream engineering work to these thermal customers so that they are now ready to be supplied with gas, increasing daily gas consumption levels and GDC's revenues.
Further RNS announcements will be made following the successful connection of customers on the Bonaberi shore.
Kevin Foo, Chairman, said: "This crossing under the Wouri River is truly an outstanding achievement by our contractor Britanica and our GDC engineering team. We overcame many challenges and pulling almost 700 metres of heavy gauge pipe under a major tidal shipping channel is another first in Cameroon for GDC. The pipe will be pressure tested over the next 10 days and once approved will be connected to the first customers in Bonaberi."
To see a photograph of the pipeline on the Bonaberi shore, please click on, or paste the following link in to your web browser, to view the PDF file:
http://www.rns-pdf.londonstockexchange.com/rns/5332V_-2014-10-28.pdf
For further information, please visit www.victoriaoilandgas.com or contact:
Victoria Oil & Gas Plc
Kevin Foo/Laurence Read Tel: +44 (0) 20 7921 8820
Numis Securities
John Prior/Ben Stoop Tel: +44 (0) 207 260 1000
Fox-Davies Capital
Oliver Stansfield Tel: +44 (0) 20 3463 5010
Strand Hanson Limited
Angela Hallett / Stuart Faulkner Tel: +44 (0) 20 7409 3494
Tavistock Communications
Ed Portman / Simon Hudson Tel: +44 (0) 20 7920 3150