Victoria Oil & Gas Share Discussion Threads

[highasakite] 17/4/2017 13:04

A Cameroonian Poultry Hatchery Is Benefiting From GE’s Gas Engine Technology
Posted by vera on April 11, 2017


Power generation is one of the most significant challenges facing Sub-Saharan Africa and the shortage of essential electrical infrastructure often means that social and economic development can be negatively affected.

The repercussions of an inadequate power supply are felt by many in the region and particularly by business owners and farmers such as Agrocamin Cameroon, which is a leading poultry hatchery in the central African region.

Given the nature of poultry hatcheries, even a 30-minute power outage can cripple a business as all the eggs in the incubators would perish due to improper storage temperature control. Agrocam, located in Douala, previously used a diesel generator as a backup to ensure the smooth running of its hatchery, but this proved costly given the prolonged outages.

The company has now purchased a GE Jenbacher J316 gas engine from Clarke Energy, GE's distributor of Jenbacher gas engines in Cameroon. According to the International Energy Agency, natural gas will be the fastest growing fuel in use for power generation in Africa.

"GE's natural gas-fired Jenbacher engine will produce a nominal electrical output to power the hatchery and egg tray production facility, providing a highly efficient, economical solution to meet our needs and to realise substantial annual savings," said Philippe Noutchogouin, Agrocam managing director.

The Jenbacher J316 gas engine will produce 813Kw of power for Agrocam. Heat will be recovered from the generator's exhaust gases in the form of hot air and will be injected into the ovens of the egg tray production machines for drying. This will save the cost of fuel currently being used for this process and will therefore increase efficiency, and allow for the optimum use of the gas generator.

"More than ever before, Agrocam believes that a stable, reliable and cost-effective source of power is crucial to revive the poultry business in Cameroon, which suffered a big hit from the 2016 avian influenza [or bird flu] outbreak that paralysed poultry farmers in Douala and the surrounding areas. Energy currently represents 50% of our operational costs," said Jean Samuel Noutchogouin, Agrocam board chairman.

GE's Jenbacher Type 3 gas engines offer proven savings on service and fuel consumption as well as excellent efficiency. They are also suitable for a range of applicable gas types including natural gas, associated petroleum gas, propane, biogas, sewage gas, landfill gas, coal mine gas and other special gases such as coke, wood and pyrolysis gases. "The technical maturity and high degree of reliability of GE's Jenbacher Type 3 gas engines make them a leader in their range. Long service intervals, a maintenance-friendly engine design and low fuel consumption ensure a high operating efficiency, while enhanced components prolong service life," said Ali Hjaiej, Clarke Energy Africa business development director.

Africa is home to many of the fastest growing economies in the world and while this growth is being hindered by unreliable power generation, there are companies such as GE, which are offering solutions to these problems with a range of power products and services.

hxxp://afcham-china.org/news/cameroonian-poultry-hatchery-benefiting-ges-gas-engine-technol

[highasakite] 17/4/2017 13:03

hydropower is highly seasonal you gimp.

[tli8jaguar] 17/4/2017 11:32

Not good for VOG.

(Investir au Cameroun) - Un accord formel a été établi le 13 avril à Yaoundé, dans le cadre d’un partenariat public-privé, portant sur le futur contrat d’achat d’électricité relatif au complexe hydroélectrique de Makay.

The State of Cameroon was represented by Minister Basile Atangana Kouna. The Moroccan Platinum Power, by its CEO (CEO), Omar Belmamoun. And Eneo Cameroon, subsidiary of the British fund Actis, by its director general, Joël Nana Kontchou. According to the agreement on terms of reference signed between the parties, Nana Kontchou explained, the concern in this project is "to negotiate with the developer a tariff of purchase of energy that is compatible with the power of . household purchasing and capacity contribution of industrial " Omar Belmamoun, he said: " We look forward to the shared vision of the parties in an optical implementation of the Makay project as soon as possible, thereby strengthening Of energy supply in Cameroon ".

The Makay complex, located on the Nyong River in the Nyong-et-Kelle department, will develop an estimated capacity of 400 MW, producing more than 1600 GWh / year at a capital cost of one million dollars. This would translate into access to electricity for an additional population of 6 million people.

According to Omar Belmamoun, this hydropower infrastructure, which lays the foundation stone will take place this year 2017, will be put into operation in the second half of 2023. Platinum intends to sell the renewable energy produced in Makay to the Eneo company in charge of production and Of the commercialization of electricity in Cameroon.

The development of this project began in January 2014 by signing a memorandum of understanding between the Moroccan company and the Republic of Cameroon. Platinum Power is a reference shareholder, the US investment fund Brookstone Partners.

Sylvain Andzongo

[tom111] 17/4/2017 09:29

news this morning SDX hit gas looks good over there

[highasakite] 16/4/2017 20:37

htt p://www.proactiveinvestors.co.uk/companies/news/176467/magnificent-7-these-aim-oil-stocks-have-at-least-doubled-in-2017-so-far-176467.html

[highasakite] 16/4/2017 19:49

when are you sodding off to Zion Temm ?

[temmujin] 16/4/2017 19:18

Malcy likes the look of Ascent resources...will be meeting with colin hutchinson soon

[fatnacker] 16/4/2017 12:49

temmujin how much do ast get for their gas? how much do uk producers get for their gas? and how much do vog get for their gas? that's why ast market cap is C36million and vogs despite drilling issues is C80million and rising, swim with the tide temmujin

[tom111] 16/4/2017 12:05

QXL where a .com co how can you compare the two its rubbish filtered

[temmujin] 16/4/2017 11:52

listen i remember when QXL's market cap was £4m...ended up £1.6 billion

[tom111] 16/4/2017 11:34

That's why the market cap is 36m is it.AST has a huge following but when a story is too good to be true it usually is.imo

[temmujin] 16/4/2017 11:04

the reason AST was down is because hendersons sold into the rise..but they are probably spent up now so cant manipulate it...any further buying pressure will catapult it north.
Ascent's gas fields are huge...dwarfs vogs..do your research

[tom111] 16/4/2017 10:59

AST share price is down from where it was a few monthe ago everyone was saying the share price would rocket when it started supplying,where is it now lol.You cant compare vog with ast

[temmujin] 16/4/2017 10:00

Cant see that having any effect...its new big customers want we want to hear,the trouble with hot countries is that the need for gas isnt that important...even in the uk in summer the consumption of gas plummets..if you want to make money in stocks always buy those producing gas in cold countries like Ascent resources which have a massive potential customer base even in neighbouring countries,Ascent has a market cap of just £36 million compared to VOG's £79m,plus in europe the price of gas can rocket in cold winters...just use abit of commonsense..you dont need a 'Malcy' viewpoint when its so bleedin obvious re Ascent

[fatnacker] 15/4/2017 21:05

Or continue to recover lost ground in anticipation of eneo contract renewal or extention by 22nd of April

[temmujin] 15/4/2017 20:55

probably drift down to 65p ish before news again

[oilandgas1] 15/4/2017 20:12

Lots of positive news in the RNS, but also From the latest RNS

Sidetrack drilling and drilling outlook

After setting the 95/8" casing in La-107 the rig was skidded to the La-108 well and the La-108 12 1/4 " hole section was drilled to its target depth of 1,953m MD (measured depth). The 95/8" casing, including the installation of a DDV as per La-107, was run and cemented in La-108. MPD equipment was rigged up and the La-108 8 1/2 " hole section was drilled through the Logbaba Formation to a depth of 3,076m MD (2,702m Total Vertical Depth (TVD)). At that point, a mechanical problem with the drill string led to a gas kick and the well control incident. While the well was being brought under control, the drill pipe became stuck in the well and the drill team was unable to retrieve it.

In late March, a cement plug was placed in the 8 1/2 " hole and preparations made to sidetrack the well to re-drill the Logbaba Formation and complete La-108. The side track drilling to a target depth of 3,563m MD (3,200 m TVD) is ongoing.

The well control and pipe issues, coupled with the side track have resulted in a schedule slippage of some five weeks and an estimated budget increase of approximately $8 million, taking the expected cost to complete both wells to approximately $56 million. Planned completion of the wells is now mid Q3, but it is expected that the wells will be under test before this. GDC's share of well costs will be covered by cash generation and existing cash and credit facilities.

So five weeks delay should take us to about mid May, so maybe an updated RNS in the week of 15may17.

"wells will be under test before this"
So maybe an RNS for some testing results before that and/or an update on the ENEO contract ??

[fatnacker] 15/4/2017 19:00

Obviously the reason for the reversal of the share price declined Thursday, disappointing though the well incident is its overshadowed by the huge positives, a minor setback, an opportunity.

[highasakite] 15/4/2017 18:31

Since we have had a new operations update, I thought I'd do a follow-on post from my previous 3 on La-108, as there was quite a bit of new information. There have already been some thorough posts highlighting both the positive and negatives, both sides of which need to be taken into account. Fwiw, I personally found it a very positive and encouraging update, for the following reasons:

First on the drilling. While we knew about some previous non-productive time, the well control incident that was encountered at 3076m , mid March, was a separate issue. By late March a cement plug was in place and new well-design for a side track at 2613m was decided upon. We now wait for a 950m side-track to reach TD 3563m, as originally planned. Allowing for minimal well redesign time, imo, we should be about 350m into the side track, and so long as there are no more issues, the company will be keen to report successful reaching of TD, expected early May.

While the drill pipe getting stuck was unfortunate, as Temu says, it happens. The positive from this is that all gas-bearing targets sound like they have delivered! The well wasn't abandoned and clearly it's worth the re-drill! In fact they have found a lot more gross high quality sands than anticipated. As I discussed previously, the design of the well was such that it should have exceeded La-105 (nice to see the board also picking up on this analogy!), but these results have exceeded expectations. Right from the start it was an exciting well targeting some very interesting sands. What hasn't really been appreciated was the fact that the well control incident was at 3076m, there is still 487m of sands to go through, possible some of the best sands! These should add to the 125m of gross pay, and hopefully will also be high porosity and permeability, and surpass La-106's encountered pay zone. This last point is important as there was a discrepency between previous drills on the quality of these final sands. If we can prove that the last 487m into a never before drilled area is also high quality pay-zone, our reserves and future CPR will go up significantly more than they already will be! This is one of the key points of La-108, to see the extent of the last 500m or so. If the drill proves that the sands do continue on as expected then the 2015 stated goal for La-108 to prove up 15-30 bscf of 2P reserves will look very modest indeed. As the operation update says, 'the board of VOG ("Board") believes should result in a significant increase in Proven reserves.' While previously La-108 has been also about extending the 2P reserves, the confirmation of the expected sands encountered means that those 1P reserves will be booked. With all the data from Zingana-1Z, Moambe-1, these 2 wells and Matanda, we really will need a comprehensive updated CPR. The data as it stands is not easily understood and is very much under-appreciated.

Just to reiterate, the fact that 125m of high quality gross pay zone has been encountered compared to La-105's 84m, and that La-105 was an outstanding well, is very significant. Remember that La-103 had 56m of pay sands. And the last unknown 487m of La-108 will add quite a bit to the 125m I suspect. So while the problems encountered were unfortunate, we have effectively been given great results and the BoD are clearly keen to get this gas to market. Both wells will be tested in late June, completed in August, and a 300m high-pressure gas flowline to the gas processing plant is currently being installed for this purpose.

The fact that they have gone straight for a 30mmscf/d gas processing plant expansion rather than the much easier and cheaper 25mmscf/d as planned is also a big positive, imo. Output vapour rates will increase and there will be less corrosion and scaling of turbine blades with the upgrade to a heat exchanger and liquids separator; while this is more expensive it makes the plant more efficient and reduces maintenance costs.

[highasakite] 15/4/2017 18:30

Since we have had a new operations update, I thought I'd do a follow-on post from my previous 3 on La-108, as there was quite a bit of new information. There have already been some thorough posts highlighting both the positive and negatives, both sides of which need to be taken into account. Fwiw, I personally found it a very positive and encouraging update, for the following reasons:

First on the drilling. While we knew about some previous non-productive time, the well control incident that was encountered at 3076m , mid March, was a separate issue. By late March a cement plug was in place and new well-design for a side track at 2613m was decided upon. We now wait for a 950m side-track to reach TD 3563m, as originally planned. Allowing for minimal well redesign time, imo, we should be about 350m into the side track, and so long as there are no more issues, the company will be keen to report successful reaching of TD, expected early May.

While the drill pipe getting stuck was unfortunate, as Temu says, it happens. The positive from this is that all gas-bearing targets sound like they have delivered! The well wasn't abandoned and clearly it's worth the re-drill! In fact they have found a lot more gross high quality sands than anticipated. As I discussed previously, the design of the well was such that it should have exceeded La-105 (nice to see the board also picking up on this analogy!), but these results have exceeded expectations. Right from the start it was an exciting well targeting some very interesting sands. What hasn't really been appreciated was the fact that the well control incident was at 3076m, there is still 487m of sands to go through, possible some of the best sands! These should add to the 125m of gross pay, and hopefully will also be high porosity and permeability, and surpass La-106's encountered pay zone. This last point is important as there was a discrepency between previous drills on the quality of these final sands. If we can prove that the last 487m into a never before drilled area is also high quality pay-zone, our reserves and future CPR will go up significantly more than they already will be! This is one of the key points of La-108, to see the extent of the last 500m or so. If the drill proves that the sands do continue on as expected then the 2015 stated goal for La-108 to prove up 15-30 bscf of 2P reserves will look very modest indeed. As the operation update says, 'the board of VOG ("Board") believes should result in a significant increase in Proven reserves.' While previously La-108 has been also about extending the 2P reserves, the confirmation of the expected sands encountered means that those 1P reserves will be booked. With all the data from Zingana-1Z, Moambe-1, these 2 wells and Matanda, we really will need a comprehensive updated CPR. The data as it stands is not easily understood and is very much under-appreciated.

Just to reiterate, the fact that 125m of high quality gross pay zone has been encountered compared to La-105's 84m, and that La-105 was an outstanding well, is very significant. Remember that La-103 had 56m of pay sands. And the last unknown 487m of La-108 will add quite a bit to the 125m I suspect. So while the problems encountered were unfortunate, we have effectively been given great results and the BoD are clearly keen to get this gas to market. Both wells will be tested in late June, completed in August, and a 300m high-pressure gas flowline to the gas processing plant is currently being installed for this purpose.

The fact that they have gone straight for a 30mmscf/d gas processing plant expansion rather than the much easier and cheaper 25mmscf/d as planned is also a big positive, imo. Output vapour rates will increase and there will be less corrosion and scaling of turbine blades with the upgrade to a heat exchanger and liquids separator; while this is more expensive it makes the plant more efficient and reduces maintenance costs.

[brando69] 13/4/2017 18:38

At least IRR is still looking strong...

[fatnacker] 13/4/2017 18:33

moving on, loads to look forward to.

[highasakite] 13/4/2017 16:54

htt p://www.proactiveinvestors.co.uk/companies/stocktube/7284/-it-s-been-a-terrific-year-and-a-great-quarter-says-victoria-oil-gas-kevin-foo-7284.html