Victoria Oil&Gas WKN:AOB74X Hochinteressant
| eröffnet am: | 13.12.09 12:04 von: | Biggemann |
| neuester Beitrag: | 25.04.21 00:53 von: | Franziskajiama |
| Anzahl Beiträge: | 973 | |
| Leser gesamt: | 195666 | |
| davon Heute: | 27 | |
bewertet mit 6 Sternen |
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10.01.14 18:32
#877
camerun
Schlusskurs London
1,58 Der Hammer.
Endlich scheint das lange Warten Fruechte zu tragen.
Endlich scheint das lange Warten Fruechte zu tragen.
10.01.14 19:27
#878
camerun
Aus Engl.Forum
The director I was listening to was not KF and has given me the impression he is thoroughly measured in what he says.
I reckon there is a fair bit of work to do before VOG banks money on mini power stations ( but I do know a little of how Aggreko operates and with a tail wind it can be done easily inside a year ...however I am budgeting 15 months to income)
It seems reasonable to accept Kevin's short term targets ........and add a few months for Cameroon factors.....quite relaxed.
By reference to Macq bus plan , after price adjustments , it seems pretty fair to assume Q1 2014 gets VOG to overall breakeven before Capex. ........and at 15 m scufs capex would be covered too,
( although not new field exploration and development) .
If you add the Power Stations and 2-3 m scufs for cement ( not Dangote) would mean VOG is
still on Macq bus plan target 28.6 M at 31.5.15 ....... if its 3-4 months late in achieving this target
I would still count it a huge success. I grant you you have to adjust Macq plan down by volume discount. Nevertheless , by my calculations - trust me I am usually good at this- the answers to your questions are:
1. We are 2-3 months from Overall profitability
2. In 14-18 months we can expect $100m annual ongoing cash surpluses before capex/ exploration.
I accept Kevin has been talking VOG up ( well what do we expect) and that quite a few targets have slipped by ( well he had no cash....now he does) and that on the day the placing was announced my feelings towards KF were not good.
I can not tell what the market will do to the sp. However based on low PE and readily projected profitability - it will be surprising if the SP is far away from 8p in a couple of years. If I am right the opportunities which open up when $100m anual cash supluses are with VOG ........will manifestly
no longer be in nickle and dime territory.
I reckon there is a fair bit of work to do before VOG banks money on mini power stations ( but I do know a little of how Aggreko operates and with a tail wind it can be done easily inside a year ...however I am budgeting 15 months to income)
It seems reasonable to accept Kevin's short term targets ........and add a few months for Cameroon factors.....quite relaxed.
By reference to Macq bus plan , after price adjustments , it seems pretty fair to assume Q1 2014 gets VOG to overall breakeven before Capex. ........and at 15 m scufs capex would be covered too,
( although not new field exploration and development) .
If you add the Power Stations and 2-3 m scufs for cement ( not Dangote) would mean VOG is
still on Macq bus plan target 28.6 M at 31.5.15 ....... if its 3-4 months late in achieving this target
I would still count it a huge success. I grant you you have to adjust Macq plan down by volume discount. Nevertheless , by my calculations - trust me I am usually good at this- the answers to your questions are:
1. We are 2-3 months from Overall profitability
2. In 14-18 months we can expect $100m annual ongoing cash surpluses before capex/ exploration.
I accept Kevin has been talking VOG up ( well what do we expect) and that quite a few targets have slipped by ( well he had no cash....now he does) and that on the day the placing was announced my feelings towards KF were not good.
I can not tell what the market will do to the sp. However based on low PE and readily projected profitability - it will be surprising if the SP is far away from 8p in a couple of years. If I am right the opportunities which open up when $100m anual cash supluses are with VOG ........will manifestly
no longer be in nickle and dime territory.
12.01.14 17:29
#879
camerun
Was passiert morgen?
Nun, morgen wird interessant sein! Nicht viel Gewinnmitnahmen am Freitag und die 0,9 pens eingestiegen sind nähern sich 80% Gewinn!Ich gehoere leider nicht dazu.
12.01.14 17:46
#880
camerun
Aus Engl.Forum
After the impressive end to the week I have been glad for a few moments of quiet reflection.
Despite Mel's view that 95% of Logbaba and the loss of RSM as a partner, one with which I tend to agree, is better than 57%, the market has taken a different view.
The arbitration award was one thing but, given the history, actual payment was another. With $4.1M in the bank the likelihood of future cash calls being met increases massively and therefore VOG is fully funded through to positive cash flow and beyond. Risk has been hugely diminished.
Now that Risk is out of the equation it now just becomes merely a matter of time before returns are made. Perhaps this is what some of the IIs were waiting for. These will outnumber those speculative investors who got in below 1p and have their quick money, the longer term will stay.
Could be a very interesting week or two ahead.
Personally I am here for 10 - 14p so expect to be around for a couple of years at least.
Despite Mel's view that 95% of Logbaba and the loss of RSM as a partner, one with which I tend to agree, is better than 57%, the market has taken a different view.
The arbitration award was one thing but, given the history, actual payment was another. With $4.1M in the bank the likelihood of future cash calls being met increases massively and therefore VOG is fully funded through to positive cash flow and beyond. Risk has been hugely diminished.
Now that Risk is out of the equation it now just becomes merely a matter of time before returns are made. Perhaps this is what some of the IIs were waiting for. These will outnumber those speculative investors who got in below 1p and have their quick money, the longer term will stay.
Could be a very interesting week or two ahead.
Personally I am here for 10 - 14p so expect to be around for a couple of years at least.
13.01.14 18:43
#881
camerun
Nasdaq OTC Other 0,0242 $ +24.100,00%
Auch ein Novum m Amiland.Aber ist o.k.Weiter so.
13.01.14 23:48
#882
camerun
Schlusskurs London
Share Price: 1.40 Bid: 1.38 Ask: 1.44
War mit zu rechnen.
War mit zu rechnen.
17.01.14 08:18
#884
camerun
News
and no duty paid on the gensets
Highlights
-- XAF 4,000,000,000 (USD8.3m) loan to facilitate immediate new customer connections comprising:
-- Dangote Cement priority pipeline work
-- Installation of electricity generation sets ("Gensets") with contracted customers
-- 6 month loan period renewable once and convertible to a 3 year term loan
-- 7.25% interest (annualised)
-- XAF 800,000,000 (USD1.7m) Customs bond supporting the waiver of duty on the temporary imports of the Gensets
-- Agreement with the Customs Agency of Cameroon ("Cameroon Customs") that no duty to be paid for 12 month period on Gensets
-- At end of 12 month period an automatic one year extension can be requested or equipment re-exported
Victoria Oil & Gas Plc, the emerging African energy utility company, is today pleased to announce that it has signed a loan agreement and Customs bond facility between its Cameroonian operating subsidiary, Gaz du Cameroun S.A. ("GDC"), and BGFIBank ("BGFI") of Cameroon.
The principal facility of XAF 4,000,000,000 (USD8.3m) ("the Facility") will be deployed by GDC to fund its share of near-term revenue producing customer connection work. This includes pipeline extensions for recently signed Dangote Cement and will also support the installation of Gensets to customers such as Guinness, Icrafon, Camlait and SCTB. The Facility is for an initial term of 6 months, which is renewable once on the same terms for a further 6 month period, with interest payable at a rate of 7.25% per annum. It can then be converted into a 3 year term loan re-payable in 36 monthly instalments at the same interest rate.
The second facility agreed with BGFI is for a 12 month XAF 800,000,000 (USD1.7m) Customs bond ("the Bond") to be provided to Cameroon Customs in support of the temporary import of the Gensets, which have recently been released to GDC following the grant of a temporary import licence by the Ministry of Finance and reduction in the applicable duty payable. The Bond allows GDC to import the Gensets without payment of import duty for a period of one year from release. At the end of the year, GDC can apply for an automatic 12 month extension of this exemption, or the Gensets can be re-exported without payment of the duty.
Kevin Foo, Chairman said; "The provision of local finance to local businesses in Cameroon is crucial for industrial growth and I am delighted to see how BGFI, a leading African Bank, has stepped up to support GDC in this phase of our business. I am also very pleased that this facility has been initiated and closed entirely by our local GDC team."
Highlights
-- XAF 4,000,000,000 (USD8.3m) loan to facilitate immediate new customer connections comprising:
-- Dangote Cement priority pipeline work
-- Installation of electricity generation sets ("Gensets") with contracted customers
-- 6 month loan period renewable once and convertible to a 3 year term loan
-- 7.25% interest (annualised)
-- XAF 800,000,000 (USD1.7m) Customs bond supporting the waiver of duty on the temporary imports of the Gensets
-- Agreement with the Customs Agency of Cameroon ("Cameroon Customs") that no duty to be paid for 12 month period on Gensets
-- At end of 12 month period an automatic one year extension can be requested or equipment re-exported
Victoria Oil & Gas Plc, the emerging African energy utility company, is today pleased to announce that it has signed a loan agreement and Customs bond facility between its Cameroonian operating subsidiary, Gaz du Cameroun S.A. ("GDC"), and BGFIBank ("BGFI") of Cameroon.
The principal facility of XAF 4,000,000,000 (USD8.3m) ("the Facility") will be deployed by GDC to fund its share of near-term revenue producing customer connection work. This includes pipeline extensions for recently signed Dangote Cement and will also support the installation of Gensets to customers such as Guinness, Icrafon, Camlait and SCTB. The Facility is for an initial term of 6 months, which is renewable once on the same terms for a further 6 month period, with interest payable at a rate of 7.25% per annum. It can then be converted into a 3 year term loan re-payable in 36 monthly instalments at the same interest rate.
The second facility agreed with BGFI is for a 12 month XAF 800,000,000 (USD1.7m) Customs bond ("the Bond") to be provided to Cameroon Customs in support of the temporary import of the Gensets, which have recently been released to GDC following the grant of a temporary import licence by the Ministry of Finance and reduction in the applicable duty payable. The Bond allows GDC to import the Gensets without payment of import duty for a period of one year from release. At the end of the year, GDC can apply for an automatic 12 month extension of this exemption, or the Gensets can be re-exported without payment of the duty.
Kevin Foo, Chairman said; "The provision of local finance to local businesses in Cameroon is crucial for industrial growth and I am delighted to see how BGFI, a leading African Bank, has stepped up to support GDC in this phase of our business. I am also very pleased that this facility has been initiated and closed entirely by our local GDC team."
19.01.14 09:02
#886
camerun
Aus Engl.Forum
Die folgenden Informationen bereits freigegeben worden , aber der interessante Teil ist der letzte Absatz , die 100 MMscf / d in fünf Jahren , sondern bereits hinter auf 12mmscf / d Zielstaaten , die von etwa einem Jahr enthalten, so sagen 6 Jahre for100 MMscf / d
" GDC erwartet täglichen Absatzvolumen auf 12 MMscf / d bis Dezember 2013 mit einer Schätzung der Gesamtgasbedarfauf über 100 MMscf / d innerhalb von fünf Jahren ."
Dangote Cement hat eine Vereinbarung mit Gaz du Cameroun verfasst , für die Bereitstellung von Gas- Wärmekraft in seinem Werk in Douala , Kamerun . Die Zementfabrik ist eine Marke neue mit einer installierten Leistung von der jährlichen Produktionskapazität von 1,6 Millionen Tonnen.
Der Gasanschluss wird in der zweiten Hälfte des Jahres 2014 erwartet.
Gaz du Cameroun ist eine Tochtergesellschaft von Victoria Oil & Gas , ein britischer Elritze , die die Logagba Gasfeld -und Gasverarbeitungsanlage in dem Land tätig und hat Branchen in Kamerun wichtigsten Handelsstadt mit Kraftstoff verbunden. Das Unternehmen führt Gasverkaufsverträgemit Kunden, um Gas bei $ 16/mmbtu verkaufen , wenn die Preise für fünf Jahre der Vertragslaufzeit und Dauer von 20 Jahren festgelegt .
Gasverbrauch von Dangote wird voraussichtlich von 0,4 bis 0.5MMscf / d liegen. Die Vereinbarung mit der Zement- Firma ist ein von der Firma zwei wichtige Highlights der Januar 2014 . Gaz du Cameroun unterzeichnete auch ein Abkommen zur Zusammenarbeit mit AES - Sonel , einem Kameruner Stromversorger , für die Umwandlung von Schweröl (HFO ) , Gas Stromerzeugung. GDC -und AES - Sonel wird auf einem technischen und Betriebsplan schrittweise ersetzen HFO und LFO Stromerzeugung Werke mit Gas- Generation arbeiten . "Diese Zusammenarbeit auf Stromerzeugung ist ein Novum in Kamerun " , sagt GDC . Es ist geplant, dass das Unternehmen " wird zunächst temporären Einheiten liefern mit Gas, mit einer Gesamtkapazität von 45 MW . Diese erste Phase wird voraussichtlich im zweiten Quartal 2014 mit erwarteten Gasverbrauch im Bereich von 2,6 bis 5.9MMscf / d online sein. AES - Sonel bereitet eine Studie über die Umwandlung des 13 mW Logbaba und 86MW Dibamba Schweröl -Kraftwerke auf Gas . "
Das Unternehmen erwartet eine Verbindung Überprüfung und Inbetriebnahme der Gasversorgung Socaver örtlichen Glashersteller, bis Ende Januar 2014 .
Gas du Cameroun hat einen lokalen Markt für Gas mit Kunden wie Brauereien, Metallgießereien , Lebensmittelverarbeitung und Verpackungsanlagen entwickelt. Gaslieferverträge haben im Laufe der 2010-2013 mit zahlreichen Industrieunternehmen einschließlich einiger multinationaler Unternehmen unterzeichnet. GDC erwartet täglichen Absatzvolumen auf 12 MMscf / d bis Dezember 2013 mit einer Schätzung der Gesamtgasbedarfauf über 100 MMscf / d innerhalb von fünf Jahren .
" GDC erwartet täglichen Absatzvolumen auf 12 MMscf / d bis Dezember 2013 mit einer Schätzung der Gesamtgasbedarfauf über 100 MMscf / d innerhalb von fünf Jahren ."
Dangote Cement hat eine Vereinbarung mit Gaz du Cameroun verfasst , für die Bereitstellung von Gas- Wärmekraft in seinem Werk in Douala , Kamerun . Die Zementfabrik ist eine Marke neue mit einer installierten Leistung von der jährlichen Produktionskapazität von 1,6 Millionen Tonnen.
Der Gasanschluss wird in der zweiten Hälfte des Jahres 2014 erwartet.
Gaz du Cameroun ist eine Tochtergesellschaft von Victoria Oil & Gas , ein britischer Elritze , die die Logagba Gasfeld -und Gasverarbeitungsanlage in dem Land tätig und hat Branchen in Kamerun wichtigsten Handelsstadt mit Kraftstoff verbunden. Das Unternehmen führt Gasverkaufsverträgemit Kunden, um Gas bei $ 16/mmbtu verkaufen , wenn die Preise für fünf Jahre der Vertragslaufzeit und Dauer von 20 Jahren festgelegt .
Gasverbrauch von Dangote wird voraussichtlich von 0,4 bis 0.5MMscf / d liegen. Die Vereinbarung mit der Zement- Firma ist ein von der Firma zwei wichtige Highlights der Januar 2014 . Gaz du Cameroun unterzeichnete auch ein Abkommen zur Zusammenarbeit mit AES - Sonel , einem Kameruner Stromversorger , für die Umwandlung von Schweröl (HFO ) , Gas Stromerzeugung. GDC -und AES - Sonel wird auf einem technischen und Betriebsplan schrittweise ersetzen HFO und LFO Stromerzeugung Werke mit Gas- Generation arbeiten . "Diese Zusammenarbeit auf Stromerzeugung ist ein Novum in Kamerun " , sagt GDC . Es ist geplant, dass das Unternehmen " wird zunächst temporären Einheiten liefern mit Gas, mit einer Gesamtkapazität von 45 MW . Diese erste Phase wird voraussichtlich im zweiten Quartal 2014 mit erwarteten Gasverbrauch im Bereich von 2,6 bis 5.9MMscf / d online sein. AES - Sonel bereitet eine Studie über die Umwandlung des 13 mW Logbaba und 86MW Dibamba Schweröl -Kraftwerke auf Gas . "
Das Unternehmen erwartet eine Verbindung Überprüfung und Inbetriebnahme der Gasversorgung Socaver örtlichen Glashersteller, bis Ende Januar 2014 .
Gas du Cameroun hat einen lokalen Markt für Gas mit Kunden wie Brauereien, Metallgießereien , Lebensmittelverarbeitung und Verpackungsanlagen entwickelt. Gaslieferverträge haben im Laufe der 2010-2013 mit zahlreichen Industrieunternehmen einschließlich einiger multinationaler Unternehmen unterzeichnet. GDC erwartet täglichen Absatzvolumen auf 12 MMscf / d bis Dezember 2013 mit einer Schätzung der Gesamtgasbedarfauf über 100 MMscf / d innerhalb von fünf Jahren .
25.01.14 20:37
#887
camerun
Gestern Gute Nachricht
RSM Settlement and US$16.3m Received
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24 January 2014
Victoria Oil & Gas Plc announces that the Company and its operating subsidiary, Gaz du Cameroun SA ("GDC") have signed a Settlement Agreement with RSM Production Corporation ("RSM") in relation to the Logbaba gas project in Cameroon operated by GDC.
US$16.3m paid by RSM towards the cash call for expenses issued by GDC on 23 December 2013 with agreement for an audit to determine the final balance payable by or to be refunded to RSM.
The audit will be undertaken by an independent auditor, jointly instructed in accordance with the terms of the Operating Agreement. The audit is to commence in Q1 of 2014 and be completed within 90 days.
RSM's Emergency Application to the ICC and Third Arbitration Request have been withdrawn.
The Notices of Default served by GDC on RSM have also been withdrawn.
The 2014 Work Program and Budget have been deemed approved by RSM with RSM to pay its share of cash calls for 2014 in accordance with the parties' Operating Agreement upon completion of the audit.
As announced on 13 January 2014, RSM sought the appointment of a new emergency arbitrator by the ICC to obtain an order protecting RSM from the consequences of default for non-payment of the pending 2013 Cash Calls. These cash calls were issued for RSM's participating interest share of incurred expenses since July 2011 (US$24,044,870) and an advance for January 2014 (US$1,977,600).
The Order applied for was to prevent GDC from enforcing the forfeiture provisions of the Operating Agreement until the conclusion of the proposed Third Arbitration. Since that application has been withdrawn, no order will result and the process is at an end.
Kevin Foo, Chairman said; "RSM have worked very constructively with us to find a solution. The agreement now allows all partners to concentrate on developing this outstanding asset."
Etwas verspaetet,keine Zeit gehabt.
Kurs in London Plus 10%.Fuers erste.Schoenes WE
Printer-friendly versionSend to friend
24 January 2014
Victoria Oil & Gas Plc announces that the Company and its operating subsidiary, Gaz du Cameroun SA ("GDC") have signed a Settlement Agreement with RSM Production Corporation ("RSM") in relation to the Logbaba gas project in Cameroon operated by GDC.
US$16.3m paid by RSM towards the cash call for expenses issued by GDC on 23 December 2013 with agreement for an audit to determine the final balance payable by or to be refunded to RSM.
The audit will be undertaken by an independent auditor, jointly instructed in accordance with the terms of the Operating Agreement. The audit is to commence in Q1 of 2014 and be completed within 90 days.
RSM's Emergency Application to the ICC and Third Arbitration Request have been withdrawn.
The Notices of Default served by GDC on RSM have also been withdrawn.
The 2014 Work Program and Budget have been deemed approved by RSM with RSM to pay its share of cash calls for 2014 in accordance with the parties' Operating Agreement upon completion of the audit.
As announced on 13 January 2014, RSM sought the appointment of a new emergency arbitrator by the ICC to obtain an order protecting RSM from the consequences of default for non-payment of the pending 2013 Cash Calls. These cash calls were issued for RSM's participating interest share of incurred expenses since July 2011 (US$24,044,870) and an advance for January 2014 (US$1,977,600).
The Order applied for was to prevent GDC from enforcing the forfeiture provisions of the Operating Agreement until the conclusion of the proposed Third Arbitration. Since that application has been withdrawn, no order will result and the process is at an end.
Kevin Foo, Chairman said; "RSM have worked very constructively with us to find a solution. The agreement now allows all partners to concentrate on developing this outstanding asset."
Etwas verspaetet,keine Zeit gehabt.
Kurs in London Plus 10%.Fuers erste.Schoenes WE
28.01.14 20:51
#889
camerun
@:räuber1:Wie kommst du zu diesem Urteil?
Beaufort securities today
Victoria Oil & Gas (VOG.L, 1.44p) - Speculative Buy
On Friday, Victoria Oil & Gas announced signing of a settlement agreement of company and its subsidiary, Gaz du Cameroun SA (GDC) with RSM Production Corporation regarding the Logbaba gas project in Cameroon, which is operated by GDC. RSM paid US$16.3m towards cash call for expenses issued by GDC in December 2013, with agreement for an audit by an independent auditor to determine the final balance payable by/refundable to RSM. The audit is expected to start in first quarter of current year, with likely completion within 90 days. RSM withdrew its emergency application to the International Chamber of Commerce (ICC) and third arbitration request. GDC also withdrew the notices of default served to RSM. The work program and budget for the current year has been approved by RSM and the company has agreed to pay its share of cash calls upon completion of audit. The stock closed 10.8% up on Friday.
Our view: The settlement reached with RSM, in relation to the cash-call dispute over the Logbaba gas project, is likely to result into a smooth flow of current year's work programme. RSM's approval to fund current year's work programme also ensures continued commercialisation of the project. Besides, the payment of US$16.3m received from RSM somewhat eased investor concerns over the company's ability to pay off. Given the substantial upside due to the company's position as the first provider of lower-cost and cleaner source of fuel in Cameroon and ongoing support of the local government, Victoria Oil & Gas is likely to record a massive increase in production volumes going forward. We reiterate our Speculative Buy rating on the stock.
Hoehrt sich anders an.
Victoria Oil & Gas (VOG.L, 1.44p) - Speculative Buy
On Friday, Victoria Oil & Gas announced signing of a settlement agreement of company and its subsidiary, Gaz du Cameroun SA (GDC) with RSM Production Corporation regarding the Logbaba gas project in Cameroon, which is operated by GDC. RSM paid US$16.3m towards cash call for expenses issued by GDC in December 2013, with agreement for an audit by an independent auditor to determine the final balance payable by/refundable to RSM. The audit is expected to start in first quarter of current year, with likely completion within 90 days. RSM withdrew its emergency application to the International Chamber of Commerce (ICC) and third arbitration request. GDC also withdrew the notices of default served to RSM. The work program and budget for the current year has been approved by RSM and the company has agreed to pay its share of cash calls upon completion of audit. The stock closed 10.8% up on Friday.
Our view: The settlement reached with RSM, in relation to the cash-call dispute over the Logbaba gas project, is likely to result into a smooth flow of current year's work programme. RSM's approval to fund current year's work programme also ensures continued commercialisation of the project. Besides, the payment of US$16.3m received from RSM somewhat eased investor concerns over the company's ability to pay off. Given the substantial upside due to the company's position as the first provider of lower-cost and cleaner source of fuel in Cameroon and ongoing support of the local government, Victoria Oil & Gas is likely to record a massive increase in production volumes going forward. We reiterate our Speculative Buy rating on the stock.
Hoehrt sich anders an.
09.05.14 10:40
#893
räuber1
Sorry aber
haaaaaaaaaaaaaaaaaaaaaaaaaahaaaaaaaaaaaaahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa !
29.10.14 11:49
#895
camerun
News
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."
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."
07.11.14 09:25
#897
camerun
news
Victoria Oil & Gas Plc
("the Company")
Wouri River Pipeline Successfully Passes Pressure Tests
The Company announced on 29 October 2014 that the 400mm pipeline under the Wouri River had been successfully laid. The Company is now pleased to confirm that the hydraulic and pneumatic pressure tests on this pipeline have been completed satisfactorily.
The 678 metre pipeline under the Wouri River connects the existing network to a new hub on the Bonaberi shore in Douala, Cameroon's major industrial city.
Gaz du Cameroun will now connect the three near term customers to the pipeline already laid in the Bonaberi area and the Company will announce when these customers are online.
("the Company")
Wouri River Pipeline Successfully Passes Pressure Tests
The Company announced on 29 October 2014 that the 400mm pipeline under the Wouri River had been successfully laid. The Company is now pleased to confirm that the hydraulic and pneumatic pressure tests on this pipeline have been completed satisfactorily.
The 678 metre pipeline under the Wouri River connects the existing network to a new hub on the Bonaberi shore in Douala, Cameroon's major industrial city.
Gaz du Cameroun will now connect the three near term customers to the pipeline already laid in the Bonaberi area and the Company will announce when these customers are online.
14.11.14 12:49
#898
ipson
...mal sehen was mein
Depotmaskottchen so macht... liest sich ja immer wieder alles ganz gut, aber passieren tut nix, zumindest im Kurs... naja, bei ca. 4,5 Milliarden Aktien zu etwas über einem Cent... vielleicht sollten die mal einen RS von 20:1 machen wenn die Prognosen nachhaltig besser sind.