Wasn't 100% sure if the SABC plant in Koumassi was the same (there could be a few) supplied by VOG/GDC but pretty sure it is:
Additional Large Customer Online (08 November 2013)
The Company is pleased to announce that Rodeo Development Limited (RDL), the Companys subsidiary has completed the connection and delivery of gas to the Koumassi plant of Societe Anonyme des Brasseries du Cameroun (SABC). This addition of approximately 0.5mmscf/d increases RDLs production from 2.4mmscf/d to 2.9mmscf/d and brings the total number of customer sites with completed thermal conversion to twenty.
Koumassi, the largest of SABCs sites in Cameroon, is the second SABC plant to receive natural gas from RDL. SABC, a subsidiary of Groupe Castel and the largest brewing company in Cameroon with 82% market share and $640 million in sales, is scheduled to convert a second boiler at the Koumassi site to gas by the end of the year.
Brasseries of Cameroon invest 4 billion FCFA in a new bottling line in Douala
Tuesday, May 15, 2018
The Société Anonyme des breweries du Cameroun (SABC), a subsidiary of the Castel Group, has just enriched its production facilities. To this end, the governor of the Littoral region, Samuel Ivaha Diboua, inaugurated on May 9, the new PET bottling line of the SABC plant in Koumassi, Douala.
During this ceremony, Emmanuel De Tailly, CEO of Brasseries, said that this investment cost 4 billion FCFA. The work lasted 5 months. " The PET line we are inaugurating today is always the guarantee that Cameroon's industrial know-how and excellence are still at work so that this country does not become an industrial desert ," said Mr. De Tailly .
Before Koumassi, in February 2018 the SABC Group inaugurated the new box chain in Ndokoti (Douala) and the PET chain at the Bafoussam plant.
For the Brasseries of Cameroon, these major investments reflect the group's desire to maintain the rank of leader and continue to be a competitive industrial player. In this vein, SABC is pleased to have invested 45 billion FCFA in its agro-industrial ecosystem where more than 10 000 tonnes of maize and 30 000 tonnes of Cameroonian sugar have been valued.
yes it's Kribi and was we not wanting to supply power station there? I wonder if Vog can take advantage at all?
Given we was first major player to put in infrastructure in Cameroon you would have thought that the government would be interested in working with us on more projects would you not, I get the feeling though that we are not seeing that.
Lots of positive things appear to be happening in Cameroon but then Governments always try to put a good slant on things. I've sold a few more shares yesterday and am down to a 1/5 of my original holding. A shame because baring the Governments inability to pay the bill it was looking good. So based on the fact that I often make bad decision you should probably all buy now as there is bound to be good news around the corner.
However I'm afraid I need to see some more concrete evidence of a BOD that is making things happen. Unfortunately I think the main game (ENEO) was what they were holding out for and all other games take time to develop. Talk about CNG etc are great but they all come with more investment. I've lost track of where we are with debts, loans, break even points and so on and therefore I'm going in search of profits elsewhere. I don't think i'll sell my last 1/5 as it's not worth much now and I still live in hope.
As I said if I've sold so a rebound is round the corner. Happens all too often to me.
This is still the best board I've been on as generally the posts are measured and insightful and we have generally respected other opinions even where they are contrary to ourselves.
1.2 million tons of LNG per year for export (that is export, which means not Cameroon)
30,000 tons of domestic gas for Cameroonian households (As in filling bottled gas bottles for individual household use)
There is no threat to VOG's business which is the supply of natural gas to industries (not household) along their gas main or indeed the future supply for gas to power as Cameroon start to export electricity to other parts of Africa!
I mean I used to be very bad in my younger days but have learnt over the years it's not the way, I can be as nasty as you want, but will it get me anywhere, not very likely.
So years & years ago I learnt to wind my neck in and melow out, being insulting to others is not the way forwards.
The other thing is the other member does not know me personally so you can't judge someone can you, so he's just showing childish way's of thinking, I'm surprised the people who are responsible for looking after the site don't either block the post's when they insult or even ban the members.
at this point I dunno what to make of it, first reaction would normally be to look at any competitor negativley as they could have the potential to sell gas to any of our customers once contracts expire assuming they are watertight contracts that can't be got out of.
So the report suggest's the sales of the gas is to be sold to Gazprom, again I'm not that well versed on what position Gazprom have in Cameroon and withing the areas and target markets that Vog operate in.
There is also another post on the site regarding Bowleven, not sure if it's of interest to us or not but I thought I would post it.
I can see now that Kribi is a very long way from BVLN and VOG's blocks, but the principle applies - why not a second LNG ship closer to Douala or a land based one which VOG and BLVN (and partners) can feed?
It's not at all clear to me whose gas will feed this, but I would have thought VOG would want to extend their pipes to the LNG ship too and I can't see why the Cameroon government would discourage this given the extra production should see the average cost of gas diminish and an increase in the volume of oil produced...
VOG certainly need the extra demand...
Of course, this could also be put in place for BLVN and its partners to exploit the Etinde gas - which is still a year off at least; and VOG's probable gas nearer the coast - otherwise why would VOG invest to bring in more gas from the blocks they did take over from BLVN.
This could be a smart move by the Cameroon government, especially if VOG is heavily involved; which they surely ought to be given their investment so far and the good services from GDC.
"looking at the last major update posted on the vog site, it looks as if we can expect a update sometime in June, I would say at the end."-- For a start the Preliminary Results for the year ended 31 December 2017 are due around the end of this month followed by the Annual Report & Accounts a couple of weeks later!
"Looking at how things stand here, the business is not in a good place, it looks to me as if the share price is actually higher than it should be, I say this because if you look at the whole picture here things are fairly bleak." lol
"It's pretty obvious that Vog are struggling to sell gas, & I mentioned a long time ago I seen a issue with regards to threats of competition to vog, they were gas being shipped in to port for transport inland by SNG I think it was, we have the dam projects all eating into what Vog thought would be a big market." Do some research!
looking at the last major update posted on the vog site, it looks as if we can expect a update sometime in June, I would say at the end.
Looking at how things stand here, the business is not in a good place, it looks to me as if the share price is actually higher than it should be, I say this because if you look at the whole picture here things are fairly bleak.
It's pretty obvious that Vog are struggling to sell gas, & I mentioned a long time ago I seen a issue with regards to threats of competition to vog, they were gas being shipped in to port for transport inland by SNG I think it was, we have the dam projects all eating into what Vog thought would be a big market.
I re read the last report tonight and nearly peed myself laughing at the projection of selling nearly times the amount of gas than we do now within 2 years.
This is the whole problem with the management at vog, all talk and no action and the markets can see right through it.
Couple that with directors who seem to think it's fair and acceptable to keep milking the company for all they can get and it just compounds the issues.
I'm a Director of my company I own 50% of it and when we are not doing well I take a pay cut, my staff don't, I wonder why Foo & co don't do the same?
I know some of you won't agree and this is just my take on this firm has been for a while, these fools at Vog have cost me thousands of pounds so I have a right to be a little angry with them.
I only suggest a hold because fundamentally this stock should be good as it's assets are worth good money, trouble is they can't sell it, then when they do they don't get paid properly.
I can't see Vog getting payment from Eneo and I smell a rat with the government of Cameroon too, they have taken vog for mugs, too much trust has been built, but that's gone.
Vog should learn from these mistakes and not get into big deals that payments are paid way down the line, they should be loking at a max amount owed and if not paid gas supply is cut off.
I have many customers who ask if they can have credit, they get told to do one, it don't bother me that I might lose custom because of it, I have seen far too many friends in business go out of business because busines's runug fairly sizeable invoices and fail to pay, that can and does have massive issues relating to cash flow, when you look at vogs cash flow and burn rate it is a concern.
It would be good to be more positive about Vog but how can you be?
If I'm right I think we are due update end of June & let's hope for positive news.
Africa Oil & Power Leads The Charge On Energy Industry Evolution (10th May-London)
Africa Oil & Power, the continents leading platform for energy investment and policy innovation, is coming to Europe for the first time with the Africa Oil & Power Investor Forum. Hosted in London on May 10, the Investor Forum will bring together top government officials, executives and financiers to address critical needs and opportunities in Africas hydrocarbons and power space.
The rise of natural gas, a key trend in Africas energy sector, will feature strongly at the Investor Forum, as leaders in the industry including Dr. Oliver Quinn, Director of Africa and Global New Ventures for Ophir Energy and Kevin Foo, Chairman, Victoria Oil and Gas discuss the role of gas as a new solution for Africas power deficit. Gas-to-power and LNG-to-power are quickly becoming vital to Africas energy infrastructure and independents, like Ophir Energy and Victoria Oil & Gas, are blazing new trails in the development of Africas vast natural gas resources, bringing innovation to gas monetization. The gas-to-power panel will discuss the financing of gas-to-power and independent power projects; promoting the consumption of natural gas; and the potential of public private partnerships.
It had seemed to me that VOG was on a path to supply gas powered power stations.
It is evident that Vog was engaged in persuading shareholders that was a high likelihood in 2017.
It seems much less likely now. Pity. However the C authorities surely can not invite gas exploration without a market for the gas?
While not disparaging Vog's achievements, and they have been impressive to date,
it seems pretty obvious that with increased hydro electric power for Cameroon
affording a consistent supply to Duala in the future, then the need for gas to generate electricity will diminish or terminate.
Currently, without a bulk client (ENEO) and with the slow progress of new client aquisitions using more modest volumes, then VOG is going to have to explore all possibilities to find new markets pdq and export becomes a consideration, otherwise
VOG risks being conceived as a slow growing Dualan utility company with a value that reflects that status, if indeed, as the current sp may reflect, that perception has not already crystalised.
Firstly the use of natural gas for thermal use is expanding and as new industries arrive will continue to do so.
Now regarding power generation in Cameroon then hydro is obviously making up the vast majority of this.
If or when Cameroon become power rich then as that article stated they will be in a position to export power to Central African Republic, Congo, Chad and Nigeria!
Therefore for Cameroon to both supply itself and increase revenue by exporting power then gas will have to be used in conjunction with hydro for both capacity and reliability reasons. While all this is being done then existing companies along with any new industries who want to base themselves in the Douala region will need a stable power supply and VOG/GDC have this covered too.
Just my take on it from info that is available..................
MW, Firstly it's not "the improvement in the supply of hydroelectric power generation provided by the new dams" that is key but the overhaul of the transmission infrastructure to increase efficiency and reliability for all power generators in Cameroon.
They stated that "Cameroon plans to produce by 2025, more than 3,000 MW of electricity."
Nigeria for example and their energy consumption is expected to more than double in two years!
Therefore between Central Africa (CEMAC) and Nigeria as customers for Cameroon electricity while continuing to supply their own country and businesses with a reliable power source it's an awesome opportunity for all power generators within Cameroon to flourish!
Please explain TW, how the improvement in the supply of hydroelectric power generation provideded by the new dams is such great news for VOG who's speciality to date has been
selling GAS for power generation to ENEO.
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