Victoria Oil & Gas Share Discussion Threads

[dannythelark] 15/3/2022 15:38

I don't give a fruck. All I know is Kevin Foo is a thieving brastard.... He a frucking crimal.

[sparty1] 15/3/2022 12:34

Well he is in his way to Moscow..Maybe! Danny don`t rule out vog making a profit one day. Miracles do happen but shareholders are there to be diluted and finance the mistakes and even if they made a big profit would not get a sniff of the cash..
Directors and CEO are not loaded up with shares.. Kevin is the real winner here, and those on a fat salary.. shareprice still where it was 2 years ago.

man1 Because someone also sold 7 million shares..

[dusty101] 14/3/2022 22:21

Rumour in the city tonight is that Roman Abramovich has bought in. Overseeing the West Med sale and working with the corrupt Cameroonians. Sounds perfect to me. Big news coming. £1.00 per share very soon.

[dannythelark] 14/3/2022 21:46

Are you lot on drugs? This piece of dog shrit isn't going anywhere it never was. Kevin Foo is a frukin thief. Viva la froo the robring brastard!!!!

[man1] 14/3/2022 21:43

The question still remains , who bought 7 mil shares and why did it not have any serious effect on the share price ?

[jaystevens1] 14/3/2022 21:19

Prometal are a big consumer of VOG gas already. This expansion can only mean one thing. More gas consumed.

[jaystevens1] 14/3/2022 21:18

Prometal invests 12 billion FCFA in the construction of a production plant of 600,000 gas cylinders per year

Comments 0 - Monday, 14 March 2022 07:21

(Business in Cameroon) - Since November 2021, the company Prometal, the leader in the rebar market in Central Africa, has launched in the city of Douala, the Cameroonian economic capital, the construction works of its 5th plant , which will will produce domestic gas cylinders. “  Two other projects are annexed to this factory, in particular the manufacture of wheelbarrows and metal frames  ”, specifies a source close to the file.

Investment of a total amount of 12 billion FCFA, supported by a banking consortium in which we find BGFI Cameroon and CCA Bank, the plant should be commissioned in July 2022. This industrial production unit, which will make it possible to create 250 direct jobs, will then put on the Cameroonian and sub-regional market some 600,000 bottles of domestic gas each year, we learn.

“  Cameroon currently imports around 450,000 to 500,000 cylinders of domestic gas per year, for an amount of around 8 billion FCFA. At full capacity, this plant should allow the country to no longer depend on imports and to export up to 100,000 bottles of domestic gas per year. This should not only allow the Cameroonian metallurgical industry to shine on the African market, in the context of the African Continental Free Trade Area (Zlecaf), but also reduce the country's trade balance deficit  ,” explains an internal company source.

According to the promoters, this plant will market gas cylinders to international standards, while respecting the Cameroonian standard. This should contribute to reducing the tragedies experienced in Cameroonian households, because of old gas cylinders that have become defective. Indeed, according to a joint study carried out in 2011 by the Department of Metrology and Consumer Protection of the Ministry of Commerce and the Hydrocarbon Price Stabilization Fund (CSPH), "70% of domestic gas cylinders in circulation in the country are defective” .

Import-substitution

This observation had led the Cameroonian government to grant, from 2017, certain tax facilities to marketers for the renewal of the country's gas cylinder stock, by means of massive imports that have often contributed to reducing Cameroon's foreign exchange reserves. Prometal's offer not only reverses this trend by making local products available, but also, and above all, reinforces the import-substitution policy advocated for several years by the Cameroonian government.

The gas cylinder factory under construction in Douala is the second industrial production unit that Prometal has set up in the space of 3 years . We remember that at the end of 2018, this company launched the construction of Prometal 4, presented as the most modern and diversified iron processing plant in sub-Saharan Africa. Good sources, this factory quietly entered production in the last quarter of 2021 and will soon be officially inaugurated. “  All the diligences are being done. We are waiting for feedback to set the date of the inauguration  , ”blows a source familiar with the matter.

As a reminder, Prometal 4 will have the particularity of allowing the marketing of new products, which have so far been imported by most African countries. These include beams, angles, flat bars and wire rods, which are intermediate products used to manufacture nails, smooth bars and screws. According to metallurgy experts, thanks to Prometal 4 and the aforementioned new products, Cameroon's trade balance deficit on iron-based building materials should be reduced by 50%.

Brice R. Mbodiam

[jaystevens1] 14/3/2022 21:17

No wonder more and more companies in Douala are having Jenbacher engines installed (using VOG gas) that guarantees them power 24/7

[jaystevens1] 14/3/2022 20:52

30p ?

WOW

Sparty won't be happy with forecasts like that.

[cojones] 14/3/2022 20:21

Its the perfect chart to head back upto 30p. Take it as a ramp or chartism ;)

[cojones] 14/3/2022 20:18

BIG news indeeed ;)

[jaystevens1] 14/3/2022 19:00

Big news coming in at VOG shortly.

[george_wright] 14/3/2022 17:07

Jay,Sparty is a well known ADVFN liar, He was ramping SYME well over 0.30

[sparty1] 14/3/2022 15:28

I reckon thinking hurts you George...How does it work? you borrow a brain from a stick insect?
Fenn the price hit 0.12 but makes no difference to me .I spend more on my golf clubs..and I`m still holding most of my shares.
You and George should get married and honeymoon in Kiev. It should have dawned on even you that he is 2 triangles short of a Toblerone..

[george_wright] 14/3/2022 15:20

Ooch that's gotta hurt old Sparty today...SYME

[talais] 14/3/2022 14:35

280k, could be a sign of some good news

[biggie3] 14/3/2022 14:33

Some 300.000 Pound, makes 7.000.000?

[jaystevens1] 14/3/2022 11:31

Perhaps the 7 million buy is a Director deal.

[cojones] 14/3/2022 11:10

Where did that 7m buy come from?

[sparty1] 11/3/2022 10:27

SP today?? er ....about the same.

SYME doubled Fenn. You should have bought and sold them quick instead of hanging around here for over two years.. LOL