Victoria Oil & Gas PLC UK Investor Show Attendance, London
April 14 2015 - 7:30AM
RNS Non-Regulatory
TIDMVOG
Victoria Oil & Gas PLC
14 April 2015
Victoria Oil & Gas PLC (AIM:VOG)
14(th) April 2015
Victoria Oil & Gas Plc
("VOG" or "the Company")
UK Investor Show Attendance, London
Victoria Oil & Gas Plc will be attending the UK Investor
Show 2015 this Saturday 18(th) April at the Queen Elizabeth
Conference Centre in Central London (Westminster underground
station).
Victoria Oil & Gas Plc will be hosting the booth F52 at the
event and Kevin Foo, Chairman, will also be participating in the
following events:
-- Presentation on Victoria Oil & Gas at 13:45, Whittle seminar room C
-- Resources seminar panel discussion from 12.20 to 13.10. at the Churchill Auditorium
Videos of both events will subsequently be made avaliable on
shareprophets.com.
For ticket details and attendance please visit:
https://www.ukinvestorshow.com
For further information, please visit www.victoriaoilandgas.com
or contact:
Victoria Oil & Gas Plc
Laurence Read Tel: +44 (0) 20 7921 8820
Notes to Editors
About Victoria Oil & Gas Plc
Victoria Oil & Gas (VOG.L) is a gas utility company with
operations in the industrial port city of Douala in Cameroon, which
is the business hub to Central Africa.
The Company's subsidiary, Gaz du Cameroun S.A. ("GDC"), supplies
cost effective, clean and reliable gas to industries in the Douala
region from its onshore Logbaba Gas Project. Industrial customers
are primarily supplied with gas through a 31.3km pipeline network
built by GDC in Douala. GDC products currently include thermal gas,
gas condensate and gas for electricity generation. GDC gas is
attractive to customers due to its reliability, price
competitiveness, low hydrocarbon emissions (compared to Heavy Fuel
Oil) and adaptability to meet varied power requirement needs.
The Company generates cash flow from the Logbaba Project which
is 60% owned and managed by GDC, with RSM Production Corporation,
an affiliate of Grynberg Petroleum Company of Denver, Colorado
holding a 40% participating interest.
Cameroon Energy Market
Cameroon is a stable African country that is host to a
developing economy serving most of Central Africa with goods and
services. A power deficit remains a major hindrance to Cameroon's
economic expansion. The power grid is reliant on hydroelectric dams
to supply 75% of power and the shortfall is made up from heavy fuel
oil and gas. Hydroelectric dams are highly seasonal, with stream
rates significantly varying from 6,000m(3) per second in the wet
season to 50m(3) per second in the dry season. As with many hydro
electrical systems transmission loss is also a constant issue when
balancing power loads across distances to different consuming
regions. The port-city of Douala is the major industrial zone
within Cameroon and it requires high levels of consistently
delivered grid power all year round. Currently Cameroon's energy
demand is growing at 7% annually and gas is seen as a key element
to Cameroons national energy strategy.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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