VOG owns the Logbaba gas field in Cameroon which contains proven reserves of 14 million barrels of oil equivalent. Phase 1 of the development plan is to drill a new well and install facilities to produce and sell 12 million cubic feet per day of gas to local industrial customers. VOG also has exploration assets in Russia, Kazakhstan, Ethiopia, and Mali totaling over 1.1 billion barrels of oil equivalent of prospective resources. The Logbaba field and future cash flow is expected to transform VOG into a leading energy supplier in Cameroon.
Victoria Oil & Gas (VOG) is an oil and gas exploration and production company focused on Africa and the Former Soviet Union (FSU). VOG's key asset is the Logbaba gas field in Cameroon, which is expected to become a significant cash flow driver for the company with first commercial gas deliveries by mid-2010. VOG also has exploration assets in Russia, Kazakhstan, Ethiopia and Mali totaling over 1.5 billion barrels of oil equivalent of resources. The company aims to build production in Africa while pursuing long-term exploration potential in the FSU.
MPX reported highlights from the first quarter of 2011 including:
1) Estimates indicated 11.3 trillion cubic feet of natural gas resources in blocks operated by OGX in the Parnaiba Basin.
2) MPX was granted an installation license for its 1,863 MW gas-fired power plant in Parnaiba and is pursuing licensing for an additional 1,859 MW plant.
3) MPX secured 5 drilling rigs for coal development in Colombia and is contracting 2 more rigs. Environmental permitting for infrastructure is advancing.
4) MPX plans to raise up to 1.3 billion Brazilian reals to fund development of the MPX Parnaiba plant and MPX
This document discusses CINTRA's carbon capture and storage (CCS) logistic concept for reliably transporting captured CO2 from emission sources to storage sinks through statistical modeling. Specifically:
1) Rotterdam is proposed as a CO2 hub location given its large harbor and proximity to multiple potential North Sea storage sites.
2) CINTRA's launching scheme would involve transporting 1.5 million tonnes of CO2 per year via pipeline and ship from power plants to an enhanced oil recovery project in the Danish sector of the North Sea.
3) Statistical modeling of the logistic chain using real weather data showed that a permanent offshore storage facility was not strictly necessary but could improve CO2 availability at the
The Post-2020 Cost- Competitiveness of CCScanaleenergia
The document summarizes the key findings of a study on the post-2020 cost competitiveness of carbon capture and storage (CCS) technologies. The study found that:
1) CCS can be technically and cost-competitively applied to both coal and gas power plants.
2) Successful demonstration of CCS technologies through the EU program will validate costs and pave the way for CCS to be competitive with other low-carbon technologies like wind and solar.
3) Strategic planning of large-scale CO2 transport and storage infrastructure is needed to achieve economies of scale and reduce long-term costs of CCS.
Champion Iron Mines is developing an iron ore mine in the Labrador Trough region of Canada. Its flagship project is the Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources. A pre-feasibility study for the project outlined an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. The study found an after-tax IRR of 30.9% and NPV of $3.3 billion, with a 3.4 year payback period. Champion Iron Mines aims to take advantage of existing rail, power and port infrastructure in the established Fermont Iron Ore District.
CCS Assessment in the Philippines - Carlo Arcilla and Raymond TanGlobal CCS Institute
This presentation was given as part of the CCS Ready workshop which was held in association with the 6th Asia Clean Energy Forum (20 – 24 June, Manila)
The workshop discussed the range of measures and best practices that can be implemented to prompt the design, permitting and construction of CCS projects when designing or building a new fossil fuelled energy or industrial plant.
The workshop hosted participants of the Asian Development Banks’ Regional Technical Assistance Program who updated the group on the outcomes of their individual projects.
This presentation provides an update on the current project being undertaken under the Asian Development Bank’s Regional Technical Assistance Program which aims to conduct an analysis of the potential for CCS, culminating in a road map for a CCS demonstration project in the Philippines.
The document summarizes key points from a presentation on gas supply issues and consensus building in Indonesia. It discusses definitions of reserves and resources according to SPE standards, outlines Indonesia's gas reserves and resources estimates from various sources, and analyzes some of the major supply opportunities and challenges, including East Natuna gas field development, coal bed methane potential, and gas flaring volumes. The overall reserve replacement rate appears modest given current production levels. Major developments like East Natuna and accelerated CBM development would be needed to significantly increase long-term supply.
April 2013 Champion Corporate Presentation - EnglishChampionMines
The document discusses plans to build a major new iron ore mine in the Labrador Trough region. It provides an overview of Champion Iron Mines' flagship Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources as per a preliminary feasibility study. The study indicates the mine would produce an average of 9.3 million tonnes per year of iron concentrate over a 20-year mine life, with a net present value of $3.3 billion. The project benefits from established infrastructure including rail, power and the Port of Sept-Îles.
Victoria Oil & Gas (VOG) is an oil and gas exploration and production company focused on Africa and the Former Soviet Union (FSU). VOG's key asset is the Logbaba gas field in Cameroon, which is expected to become a significant cash flow driver for the company with first commercial gas deliveries by mid-2010. VOG also has exploration assets in Russia, Kazakhstan, Ethiopia and Mali totaling over 1.5 billion barrels of oil equivalent of resources. The company aims to build production in Africa while pursuing long-term exploration potential in the FSU.
MPX reported highlights from the first quarter of 2011 including:
1) Estimates indicated 11.3 trillion cubic feet of natural gas resources in blocks operated by OGX in the Parnaiba Basin.
2) MPX was granted an installation license for its 1,863 MW gas-fired power plant in Parnaiba and is pursuing licensing for an additional 1,859 MW plant.
3) MPX secured 5 drilling rigs for coal development in Colombia and is contracting 2 more rigs. Environmental permitting for infrastructure is advancing.
4) MPX plans to raise up to 1.3 billion Brazilian reals to fund development of the MPX Parnaiba plant and MPX
This document discusses CINTRA's carbon capture and storage (CCS) logistic concept for reliably transporting captured CO2 from emission sources to storage sinks through statistical modeling. Specifically:
1) Rotterdam is proposed as a CO2 hub location given its large harbor and proximity to multiple potential North Sea storage sites.
2) CINTRA's launching scheme would involve transporting 1.5 million tonnes of CO2 per year via pipeline and ship from power plants to an enhanced oil recovery project in the Danish sector of the North Sea.
3) Statistical modeling of the logistic chain using real weather data showed that a permanent offshore storage facility was not strictly necessary but could improve CO2 availability at the
The Post-2020 Cost- Competitiveness of CCScanaleenergia
The document summarizes the key findings of a study on the post-2020 cost competitiveness of carbon capture and storage (CCS) technologies. The study found that:
1) CCS can be technically and cost-competitively applied to both coal and gas power plants.
2) Successful demonstration of CCS technologies through the EU program will validate costs and pave the way for CCS to be competitive with other low-carbon technologies like wind and solar.
3) Strategic planning of large-scale CO2 transport and storage infrastructure is needed to achieve economies of scale and reduce long-term costs of CCS.
Champion Iron Mines is developing an iron ore mine in the Labrador Trough region of Canada. Its flagship project is the Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources. A pre-feasibility study for the project outlined an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. The study found an after-tax IRR of 30.9% and NPV of $3.3 billion, with a 3.4 year payback period. Champion Iron Mines aims to take advantage of existing rail, power and port infrastructure in the established Fermont Iron Ore District.
CCS Assessment in the Philippines - Carlo Arcilla and Raymond TanGlobal CCS Institute
This presentation was given as part of the CCS Ready workshop which was held in association with the 6th Asia Clean Energy Forum (20 – 24 June, Manila)
The workshop discussed the range of measures and best practices that can be implemented to prompt the design, permitting and construction of CCS projects when designing or building a new fossil fuelled energy or industrial plant.
The workshop hosted participants of the Asian Development Banks’ Regional Technical Assistance Program who updated the group on the outcomes of their individual projects.
This presentation provides an update on the current project being undertaken under the Asian Development Bank’s Regional Technical Assistance Program which aims to conduct an analysis of the potential for CCS, culminating in a road map for a CCS demonstration project in the Philippines.
The document summarizes key points from a presentation on gas supply issues and consensus building in Indonesia. It discusses definitions of reserves and resources according to SPE standards, outlines Indonesia's gas reserves and resources estimates from various sources, and analyzes some of the major supply opportunities and challenges, including East Natuna gas field development, coal bed methane potential, and gas flaring volumes. The overall reserve replacement rate appears modest given current production levels. Major developments like East Natuna and accelerated CBM development would be needed to significantly increase long-term supply.
April 2013 Champion Corporate Presentation - EnglishChampionMines
The document discusses plans to build a major new iron ore mine in the Labrador Trough region. It provides an overview of Champion Iron Mines' flagship Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources as per a preliminary feasibility study. The study indicates the mine would produce an average of 9.3 million tonnes per year of iron concentrate over a 20-year mine life, with a net present value of $3.3 billion. The project benefits from established infrastructure including rail, power and the Port of Sept-Îles.
May 2013 Champion Corporate Presentation - EnglishChampionMines
The document discusses plans to build a major new iron ore mine in the Labrador Trough region. It summarizes a preliminary feasibility study conducted for the Consolidated Fire Lake North Project, which indicated an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. Key highlights include an after-tax IRR of 30.9%, net present value of $3.3 billion, and payback period of 3.4 years. The project would utilize existing rail, power and port infrastructure in the established Fermont Iron Ore District.
Champion Iron Mines is developing the Consolidated Fire Lake North (CFLN) Project, a major iron ore mine in the Labrador Trough region of Quebec. A prefeasibility study for CFLN estimates average annual production of 9.3 million tonnes of iron concentrate over a 20-year mine life, with a net present value of $3.3 billion. CFLN has mineral resources totaling 5.1 billion tonnes and is located near existing rail and port infrastructure that services other producers in the established Fermont iron ore district. Champion aims to capitalize on positive long-term iron ore market fundamentals and Quebec's low-cost operating environment to bring CFLN into production.
Asserting Carbon Offsets from Landfill Gas Flaring at Regina’s Landfill Site - Presented at SWANA 5th Canadian Waste Symposium, Banff, Alberta April 21, 2010 By: Paresh Thanawala, P.Eng; QEP
Michael Tetteroo and Cees van der Ben - CCS Projects – Presentation at the Gl...Global CCS Institute
The document discusses plans for a carbon transportation hub in Rotterdam called CINTRA. CINTRA would collect carbon dioxide from multiple industrial emitters via pipelines and barges, liquefy it, and transport it to offshore sinks such as depleted gas fields for storage. The hub concept aims to drive down costs by combining multiple carbon dioxide flows and linking pipeline systems. An initial launching scheme is proposed involving a power plant, hydrogen plant, and offshore enhanced oil recovery project in Denmark.
This document provides a strategic plan for maximizing the value of landfill gas (LFG) produced at the Western Regional Sanitary Landfill (WRSL) owned by the Western Placer Waste Management Authority (WPWMA). It evaluates various options for utilizing the LFG, including generating electricity, producing renewable natural gas for vehicles, and flaring excess gas. Five alternatives are developed involving different combinations of these utilization methods and considerations of ownership, contracting structures, and project delivery. The top-ranked alternative involves converting the highest quality LFG into renewable natural gas for local fleets while using remaining LFG to generate electricity through a power purchase agreement with ownership and management handled by WPWMA and an energy management contractor.
Marathon Oil Corporation reported its third-quarter 2004 results. Net income was $222 million compared to $281 million in the third quarter of 2003. Net income adjusted for special items was $296 million compared to $293 million in the prior year period. Earnings were impacted by higher crude oil and natural gas prices but offset by reduced production due to divestitures, declines and downtime from hurricanes. The company also made progress on key projects in Norway, Ireland and Equatorial Guinea and continues to work towards acquiring Ashland Inc.'s minority interest in Marathon Ashland Petroleum LLC.
Australian Energy Corporation Ltd (AEC) is seeking substantial cornerstone investors for its coal assets in Australia and the USA. AEC's strategy is to have large, long-life mines and to beneficiate the coal to produce a high quality product. Its initial project involves upgrading coal from the existing Loy Yang mine in Australia to produce 7 million tonnes per annum of coal with specifications suitable for export. The estimated capital cost is AUD500 million and the project is expected to generate over AUD235 million in annual after-tax cash flow. AEC aims to eventually increase production to 15 million tonnes per annum as it develops its coal resources and transport infrastructure.
Solon Kassinis wista med conference presentation 2012wistacyprus
This document discusses hydrocarbon exploration and development activities offshore Cyprus. It notes that Cyprus has significant undiscovered oil and gas resources and is located near large natural gas discoveries in Israel. Cyprus has established a legal framework to regulate offshore exploration and licensing. The first exploration license was granted in 2008 and led to a major natural gas discovery in 2011. A second offshore licensing round is now open to further develop Cyprus' oil and gas sector.
Syrah presentation for graphite conference November 2013saituysal
Graphite and Graphene conference in New York, on 25-26th November 2013. This presentation explains comprehensive analysis of market and market capacity for Graphite.
The document outlines the mineral, oil, gas, and coal tenure systems in the Philippines, including exploration permits, mineral production sharing agreements (MPSA), and financial or technical assistance agreements (FTAA) between the government and contractors. MPSAs and FTAAs have terms of 25 years renewable for another 25 years and give contractors rights to explore and develop resources in exchange for royalty payments and taxes to the government. The document also describes the requirements, areas, terms, obligations, and termination conditions for each type of agreement.
This document provides an overview of Petrobras' performance in 2010. The key points are:
1) Petrobras achieved three major milestones in 2010 - starting up the Lula field pilot system, raising $69.9 billion in the world's largest equity issuance, and signing a contract guaranteeing the right to produce 5 billion barrels of oil.
2) Financially, net profit reached $19.18 billion, a 17% increase over 2009. Total oil and gas production was 2.58 million barrels per day.
3) Investments totaled $45.08 billion, an 8% increase over 2009, focused on increasing production, improving refining facilities, and expanding transportation
Commerce Resources Corp. (TSXv: CCE) is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia, and the exploration of the Eldor Rare Earth Project in northern Quebec and the Carbo Rare Earth Project in northern British Columbia.
1) The document discusses the role of technology in carbon capture and storage (CCS), noting that CCS could help reduce global CO2 emissions by 50-80% by 2050 according to climate targets.
2) It provides an overview of Schlumberger's CCS capabilities and experience, including site characterization, modeling, monitoring, and participation in industry projects and research consortiums.
3) The Sleipner project in Norway is presented as a large-scale example of CO2 sequestration in a saline aquifer that has been injecting CO2 since 1996.
Canadian Zinc Corporation owns the high-grade Prairie Creek Mine in the Northwest Territories of Canada. The mine contains significant existing infrastructure valued at over $200 million. Canadian Zinc is in the final permitting phase for the mine and expects to receive a draft permit by the end of 2012. Recent studies show the mine has an 11-year mine life with positive economics. However, Canadian Zinc does not currently hold a permit to operate the mine. The document provides details on the mine's resources and reserves, infrastructure, permitting process, economics, and development timeline.
GC Environmental Commodities Newsletter - July 2011Rameez Shaikh
The newsletter summarizes the latest news and developments in the carbon market from the previous month. It highlights that CDM project registration and issuance reached record levels in June. The EU clarified that carbon credits generated by CPAs added to registered PoAs after 2012 will still be eligible under Phase III of the EU ETS. Analysts have revised down CER price projections for the current and next EU ETS phase to around €15. In India, the CERC has proposed reducing REC prices for the upcoming fiscal year and the country remains an attractive destination for renewable energy investment.
Tim Bertels - The Quest CCS project Canada - Presentation at the Global CCS I...Global CCS Institute
The document summarizes Shell's Quest Carbon Capture & Storage Project in Alberta, Canada. It discusses (1) Shell's response to reducing CO2 emissions through natural gas, biofuels, carbon capture & storage, and energy efficiency; (2) Shell's involvement in various CCS projects worldwide; and (3) provides an overview of the Quest project which will capture over 1 million tonnes of CO2 per year from an oil sands upgrader and transport it via pipeline for storage in deep saline aquifers.
The AFCR and its Contributions to the Back End of the Fuel CycleSNC-Lavalin
Catherine Cottrell's presentation for the World Nuclear Fuel Cycle Conference 2017 in Toronto.
Catherine Cottrell is a Project Engineering Manager, AFCR & NUE at SNC-Lavalin
This document discusses potential business opportunities in auxiliary maritime industries related to international compliance with emissions regulations. Specifically, it outlines opportunities in exhaust emissions control technologies like scrubbers, use of LNG as a ship fuel, offshore wind energy, and tidal/wave energy. Challenges and policies around developing these markets are also reviewed. The Arctic region is also discussed as a potential developing market for oil and gas resources, but environmental and geopolitical challenges are noted.
The document discusses several energy-related topics:
1) Noble Energy signing a letter of intent to supply natural gas from Israel's Tamar gas field to Egypt's Damietta LNG terminal. This would involve expanding the Tamar platform and building a subsea pipeline.
2) Tower Resources providing an update on preparations for the Badada-1 exploration well in Kenya, which could test similar geology to major oil discoveries.
3) Turkey suggesting to Russia the possibility of building an LNG terminal as part of discussions on a new Russian gas pipeline to Turkey.
VOG is an oil and gas exploration company listed on AIM that has assets in Cameroon and Russia. In Cameroon, VOG has commenced drilling of the first appraisal well at the Logbaba gas field, which was discovered in the 1950s. The first well at Logbaba encountered gas-bearing sands and is expected to reach total depth within 2-3 weeks. VOG also plans to conduct passive seismic surveys over Logbaba and its West Medvezhye gas field in Russia to identify additional exploration targets.
Victoria Oil & Gas Plc is an emerging player in natural gas production in Cameroon. It has discovered the Logbaba gas and condensate field, the only onshore gas discovery in Cameroon. Drilling at Logbaba has encountered over 600 feet of gross sandstone pay across two wells. Victoria Oil & Gas plans to install gas processing facilities and a pipeline to deliver first revenues from Logbaba in Q4 2010 and tap into Cameroon's growing demand for natural gas.
May 2013 Champion Corporate Presentation - EnglishChampionMines
The document discusses plans to build a major new iron ore mine in the Labrador Trough region. It summarizes a preliminary feasibility study conducted for the Consolidated Fire Lake North Project, which indicated an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. Key highlights include an after-tax IRR of 30.9%, net present value of $3.3 billion, and payback period of 3.4 years. The project would utilize existing rail, power and port infrastructure in the established Fermont Iron Ore District.
Champion Iron Mines is developing the Consolidated Fire Lake North (CFLN) Project, a major iron ore mine in the Labrador Trough region of Quebec. A prefeasibility study for CFLN estimates average annual production of 9.3 million tonnes of iron concentrate over a 20-year mine life, with a net present value of $3.3 billion. CFLN has mineral resources totaling 5.1 billion tonnes and is located near existing rail and port infrastructure that services other producers in the established Fermont iron ore district. Champion aims to capitalize on positive long-term iron ore market fundamentals and Quebec's low-cost operating environment to bring CFLN into production.
Asserting Carbon Offsets from Landfill Gas Flaring at Regina’s Landfill Site - Presented at SWANA 5th Canadian Waste Symposium, Banff, Alberta April 21, 2010 By: Paresh Thanawala, P.Eng; QEP
Michael Tetteroo and Cees van der Ben - CCS Projects – Presentation at the Gl...Global CCS Institute
The document discusses plans for a carbon transportation hub in Rotterdam called CINTRA. CINTRA would collect carbon dioxide from multiple industrial emitters via pipelines and barges, liquefy it, and transport it to offshore sinks such as depleted gas fields for storage. The hub concept aims to drive down costs by combining multiple carbon dioxide flows and linking pipeline systems. An initial launching scheme is proposed involving a power plant, hydrogen plant, and offshore enhanced oil recovery project in Denmark.
This document provides a strategic plan for maximizing the value of landfill gas (LFG) produced at the Western Regional Sanitary Landfill (WRSL) owned by the Western Placer Waste Management Authority (WPWMA). It evaluates various options for utilizing the LFG, including generating electricity, producing renewable natural gas for vehicles, and flaring excess gas. Five alternatives are developed involving different combinations of these utilization methods and considerations of ownership, contracting structures, and project delivery. The top-ranked alternative involves converting the highest quality LFG into renewable natural gas for local fleets while using remaining LFG to generate electricity through a power purchase agreement with ownership and management handled by WPWMA and an energy management contractor.
Marathon Oil Corporation reported its third-quarter 2004 results. Net income was $222 million compared to $281 million in the third quarter of 2003. Net income adjusted for special items was $296 million compared to $293 million in the prior year period. Earnings were impacted by higher crude oil and natural gas prices but offset by reduced production due to divestitures, declines and downtime from hurricanes. The company also made progress on key projects in Norway, Ireland and Equatorial Guinea and continues to work towards acquiring Ashland Inc.'s minority interest in Marathon Ashland Petroleum LLC.
Australian Energy Corporation Ltd (AEC) is seeking substantial cornerstone investors for its coal assets in Australia and the USA. AEC's strategy is to have large, long-life mines and to beneficiate the coal to produce a high quality product. Its initial project involves upgrading coal from the existing Loy Yang mine in Australia to produce 7 million tonnes per annum of coal with specifications suitable for export. The estimated capital cost is AUD500 million and the project is expected to generate over AUD235 million in annual after-tax cash flow. AEC aims to eventually increase production to 15 million tonnes per annum as it develops its coal resources and transport infrastructure.
Solon Kassinis wista med conference presentation 2012wistacyprus
This document discusses hydrocarbon exploration and development activities offshore Cyprus. It notes that Cyprus has significant undiscovered oil and gas resources and is located near large natural gas discoveries in Israel. Cyprus has established a legal framework to regulate offshore exploration and licensing. The first exploration license was granted in 2008 and led to a major natural gas discovery in 2011. A second offshore licensing round is now open to further develop Cyprus' oil and gas sector.
Syrah presentation for graphite conference November 2013saituysal
Graphite and Graphene conference in New York, on 25-26th November 2013. This presentation explains comprehensive analysis of market and market capacity for Graphite.
The document outlines the mineral, oil, gas, and coal tenure systems in the Philippines, including exploration permits, mineral production sharing agreements (MPSA), and financial or technical assistance agreements (FTAA) between the government and contractors. MPSAs and FTAAs have terms of 25 years renewable for another 25 years and give contractors rights to explore and develop resources in exchange for royalty payments and taxes to the government. The document also describes the requirements, areas, terms, obligations, and termination conditions for each type of agreement.
This document provides an overview of Petrobras' performance in 2010. The key points are:
1) Petrobras achieved three major milestones in 2010 - starting up the Lula field pilot system, raising $69.9 billion in the world's largest equity issuance, and signing a contract guaranteeing the right to produce 5 billion barrels of oil.
2) Financially, net profit reached $19.18 billion, a 17% increase over 2009. Total oil and gas production was 2.58 million barrels per day.
3) Investments totaled $45.08 billion, an 8% increase over 2009, focused on increasing production, improving refining facilities, and expanding transportation
Commerce Resources Corp. (TSXv: CCE) is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia, and the exploration of the Eldor Rare Earth Project in northern Quebec and the Carbo Rare Earth Project in northern British Columbia.
1) The document discusses the role of technology in carbon capture and storage (CCS), noting that CCS could help reduce global CO2 emissions by 50-80% by 2050 according to climate targets.
2) It provides an overview of Schlumberger's CCS capabilities and experience, including site characterization, modeling, monitoring, and participation in industry projects and research consortiums.
3) The Sleipner project in Norway is presented as a large-scale example of CO2 sequestration in a saline aquifer that has been injecting CO2 since 1996.
Canadian Zinc Corporation owns the high-grade Prairie Creek Mine in the Northwest Territories of Canada. The mine contains significant existing infrastructure valued at over $200 million. Canadian Zinc is in the final permitting phase for the mine and expects to receive a draft permit by the end of 2012. Recent studies show the mine has an 11-year mine life with positive economics. However, Canadian Zinc does not currently hold a permit to operate the mine. The document provides details on the mine's resources and reserves, infrastructure, permitting process, economics, and development timeline.
GC Environmental Commodities Newsletter - July 2011Rameez Shaikh
The newsletter summarizes the latest news and developments in the carbon market from the previous month. It highlights that CDM project registration and issuance reached record levels in June. The EU clarified that carbon credits generated by CPAs added to registered PoAs after 2012 will still be eligible under Phase III of the EU ETS. Analysts have revised down CER price projections for the current and next EU ETS phase to around €15. In India, the CERC has proposed reducing REC prices for the upcoming fiscal year and the country remains an attractive destination for renewable energy investment.
Tim Bertels - The Quest CCS project Canada - Presentation at the Global CCS I...Global CCS Institute
The document summarizes Shell's Quest Carbon Capture & Storage Project in Alberta, Canada. It discusses (1) Shell's response to reducing CO2 emissions through natural gas, biofuels, carbon capture & storage, and energy efficiency; (2) Shell's involvement in various CCS projects worldwide; and (3) provides an overview of the Quest project which will capture over 1 million tonnes of CO2 per year from an oil sands upgrader and transport it via pipeline for storage in deep saline aquifers.
The AFCR and its Contributions to the Back End of the Fuel CycleSNC-Lavalin
Catherine Cottrell's presentation for the World Nuclear Fuel Cycle Conference 2017 in Toronto.
Catherine Cottrell is a Project Engineering Manager, AFCR & NUE at SNC-Lavalin
This document discusses potential business opportunities in auxiliary maritime industries related to international compliance with emissions regulations. Specifically, it outlines opportunities in exhaust emissions control technologies like scrubbers, use of LNG as a ship fuel, offshore wind energy, and tidal/wave energy. Challenges and policies around developing these markets are also reviewed. The Arctic region is also discussed as a potential developing market for oil and gas resources, but environmental and geopolitical challenges are noted.
The document discusses several energy-related topics:
1) Noble Energy signing a letter of intent to supply natural gas from Israel's Tamar gas field to Egypt's Damietta LNG terminal. This would involve expanding the Tamar platform and building a subsea pipeline.
2) Tower Resources providing an update on preparations for the Badada-1 exploration well in Kenya, which could test similar geology to major oil discoveries.
3) Turkey suggesting to Russia the possibility of building an LNG terminal as part of discussions on a new Russian gas pipeline to Turkey.
VOG is an oil and gas exploration company listed on AIM that has assets in Cameroon and Russia. In Cameroon, VOG has commenced drilling of the first appraisal well at the Logbaba gas field, which was discovered in the 1950s. The first well at Logbaba encountered gas-bearing sands and is expected to reach total depth within 2-3 weeks. VOG also plans to conduct passive seismic surveys over Logbaba and its West Medvezhye gas field in Russia to identify additional exploration targets.
Victoria Oil & Gas Plc is an emerging player in natural gas production in Cameroon. It has discovered the Logbaba gas and condensate field, the only onshore gas discovery in Cameroon. Drilling at Logbaba has encountered over 600 feet of gross sandstone pay across two wells. Victoria Oil & Gas plans to install gas processing facilities and a pipeline to deliver first revenues from Logbaba in Q4 2010 and tap into Cameroon's growing demand for natural gas.
The document summarizes a presentation by Victoria Oil & Gas (VOG) about its oil and gas assets and operations. Key points include: VOG has significant natural gas resources in Cameroon and Russia, with its Logbaba field in Cameroon poised to deliver first revenues in late 2010; Logbaba has over 300 feet of pay across two wells and testing showed production rates from 11-56 MMscf/d; VOG plans to install its own gas processing and pipeline to connect Logbaba to industrial customers; VOG's West Med field in Russia has over 1 billion barrels of prospective resources and is located near a supergiant gas field.
Victoria Oil & Gas Plc is the first company to produce natural gas in Cameroon. It owns 57% of the Logbaba gas field, which has 212 billion cubic feet of proven and probable reserves. Victoria plans to grow production at Logbaba to supply industrial customers in Douala via a new pipeline network. It aims to become a leading gas supplier in Cameroon and acquire other companies to grow into a mid-sized exploration and production firm within three years.
Victoria Oil & Gas commenced continuous natural gas production from its Logbaba field in Cameroon in July 2012. It currently has four customers connected taking over 1 million standard cubic feet per day. Production and cash flow from Logbaba are expected to ramp up significantly in the coming months as more contracted customers come online. The company anticipates this producing asset will provide a platform for growth and transition the company from an exploration firm reliant on equity financing to an integrated oil and gas producer with cash flow.
The document is the interim financial report of Victoria Oil & Gas PLC for the six months ended 30 November 2013. It includes the Chairman's statement which discusses operational improvements at the Logbaba gas field in Cameroon, including increased production and new customer connections. It also notes a visit by the President of Cameroon and a favorable arbitration ruling. The financial review summarizes the income statement, balance sheet, and cash flows. It shows increased revenue and profitability compared to the prior period. Key investments were made expanding the pipeline network in Cameroon.
Victoria Oil & Gas (VOG) presented on their Logbaba gas field in Cameroon and future plans. VOG has discovered over 100 billion cubic feet of gas reserves at Logbaba. Recent well testing found gas flows of 11-56 million cubic feet per day and condensate. VOG plans to install production facilities and a pipeline to supply nearby industrial customers, with first revenues expected in late 2010. Further exploration could significantly expand the resource given only a small portion of the license area has been explored so far.
The document discusses a presentation by Natural Resource Partners on their infrastructure and MLP day in Chicago on March 14, 2013. It begins with forward-looking statements and risk factors, then provides an overview of NRP including their asset portfolio and growth strategy focused on acquisitions. The presentation also reviews NRP's coal, aggregates, oil and gas, and infrastructure businesses as well as their recent acquisition of trona/soda ash operations.
The document discusses Natural Resource Partners' upcoming investor meetings in Houston. It provides an overview of NRP's business, including that it owns and leases mineral properties in the US, primarily coal reserves. It also details NRP's recent acquisition of trona/soda ash operations, which further diversifies its revenue sources. Additionally, the summary provides an overview of NRP's coal business, noting its large coal reserves and production across major US coal basins.
Karachaganak overview WKIF Aktau 25.09.12 Eng Rev-4Mihai Dragne
The document provides an overview and review of activities at the Karachaganak gas condensate field in Kazakhstan, including:
1) Karachaganak is one of the world's largest gas condensate fields, discovered in 1979 with over 2.4 billion barrels of condensate and 16 trillion cubic feet of gas reserves.
2) A new agreement in December 2011 gave Kazakhstan a 10% interest in the field managed by KazMunaiGas, along with additional pipeline capacity.
3) Future development plans through 2018 include well drilling programs, upgrading gas injection and processing facilities, and increasing pipeline throughput to maximize production and value from the remaining reserves.
4) Local employment and contracting have
1) PA Resources' Tunisian Didon North production well was suspended after encountering unexpected minor faults that prevented oil from flowing, despite good reservoir saturation. The investment will be impaired in Q4.
2) In Equatorial Guinea, PA Resources' Aseng field is ahead of schedule, with first production expected in Q4 2011 of approximately 3,000 boepd net to PA Resources.
3) In Tunisia, production tests of PA Resources' Jelma well were unsuccessful, and future plans include evaluating results and assessing the permit's potential.
Australia China Resources Symposium Spotlight Presentation NT Neville Bergin ...Symposium
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- Victoria Oil & Gas reported unaudited interim results for the six months ending November 30, 2014. During this period, the company met objectives of increasing gas production in Cameroon to make the subsidiary Gaz du Cameroun operationally cash positive.
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Victoria Oil & Gas is an oil and gas exploration and production company operating in Cameroon and Russia. In Cameroon, Victoria has invested over $111 million in the Logbaba gas and condensate field, including drilling two wells, constructing production facilities, and laying a 22km pipeline. The Logbaba field currently supplies gas to 19 industrial customers in Douala. In Russia, Victoria owns the West Medvezhye oil and gas project in the Yamal region, which contains estimated reserves of 14.4 million barrels of oil equivalent and prospective recoverable resources of 1.4 billion barrels of oil equivalent.
This document provides financial information for Victoria Oil & Gas PLC for the six months ended 30 November 2011.
Key details include:
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- VOG completed a £10.8m fundraising in November 2010 to reinforce its capital base as it transforms into a producing and cash generating company at its Logbaba Gas Field in Cameroon.
- The award of the Exploitation Decree for the Logbaba Gas Field is imminent and first gas sales are expected within five months of receiving the decree.
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2. Corporate Snapshot
Background Share Structure
Noor
Listed on AIM in July Petroleum
(18%)
2004
Free Float
(46%)
Completed the acquisition Management
(14%)
of Logbaba gas field in
Cameroon in December Hydrocarbons
2008 Tech. (10%)
Compass
Two assets located in the RSM
(6%)
(6%)
FSU with combined
reserves of 40 Mmboe Corporate Profile
and resources of over Share price £0.04
1.1Bnboe Shares in issue 447.6 million
Experienced Board and Market Cap £17.9 million
management with Advisers:
technical assistance from Nomad Strand Partners
Blackwatch Petroleum Brokers Fox-Davies Capital
Services
2 As at close 10 February 2009
3. The Turnaround Story
Strong exploration base; Billion BOE resources in FSU
New focus on Africa (acquisitions and options)
Cameroon Logbaba project will be the significant driver of the
turnaround:
Capacity to turn VOG into a profitable company with first
commercial deliveries expected by 1H 2010
Net 2P of 65Bcf attributed to only a tiny portion of the
licence, with significant upside
All wells drilled penetrated multiple gas reservoirs with
high flow rates, some over 60Mmcf/d
Focus on production (revenue) in Africa complements FSU
long-term exploration/appraisal potential
3
4. A Global Footprint
VOG is building a presence in highly prospective hydrocarbon
regions
4
5. Operational Structure
Board of Directors
Executive Management Team Blackwatch Petroleum
London / Houston Services
African Operations Kazakh Operations Russian Operations
Development of Technical office in Main office to be
Logbaba field to be Almaty, the moved to Orenburg
run from existing commercial centre to facilitate pursuit
office in Douala of Kazakhstan of opportunities in
the region
5
6. Logbaba, Cameroon
Bramlin’s key asset is a
farm-in for 60% of the
Logbaba natural gas and
condensate project in
Cameroon
Logbaba is located in the
northern Douala Basin
within the eastern suburbs
of Douala, the economic
capital of Cameroon
Four wells were drilled in
the 1950s, all encountering
gas – three were tested at Logbaba
between 12Mmcf/d and Licence area
62Mmcf/d
6
7. Logbaba Reserves and Valuation
RSP Energy Competent Person’s Report
Net Attributable Reserves and Resources
1P 2P 3P
Total Liquids Mmbbl 0.28 2.35 4.51
Natural Gas Bcf 7.92 64.53 123.91
Total Mmboe 1.71 13.97 26.81
NPV valuation at 10% $Mm 18.17 168.65 412.16
RPS Energy undertook an
evaluation of limited section
of the Logbaba field in July
2008
Using the data provided,
they determined 14Mmboe
of 2P reserves with an RPS review
area (~6km2)
NPV10 valuation of
$169Mm
7
8. Logbaba Development Plan
PHASE 1: Gas production to serve existing contracts
Drill and test a twin to Well 104 down to 10,000 ft
Production expected to be min. 12Mmcf/d against current
local industrial demand of 8Mmcf/d
Install surface facilities
12Mmcf/d capacity gas processing facility
15 km, 10” pipeline to the industrial users
Sell gas to industrial market in Douala
Letters of intent already signed with potential customers
for a total of 8Mmcf/d at an indicative price of $15/mcf
PHASE 2: Gas to additional clients and swing production
Drill second well to increase production to meet expected
industrial demand of >25Mmcf/d
Provide swing production for users and new consumers
8
9. Cameroon Gas Market
10-Yr Gas Demand Forecast
Most fuels currently imported 70,000
Power Load
VOG has signed gas off-take Industrial Load
60,000
agreements and letters of
intent for 8Mmcf/d
50,000
Gas Demand (mcf/d)
The indicative price is set at
$16/MmBTU ($15/mcf) 40,000
A study by Tradex estimates 30,000
demand to increase to
25Mmcf/d within 5 years 20,000
A gas-fired power station 10,000
could initially increase
demand by up to 25Mmcf/d 0
1 2 3 4 5 6 7 8 9 10
Source: Tradex, Company estimates
9
10. Exploration Potential
The Logbaba project is complemented by VOG’s portfolio of
exploration assets in Africa and the FSU offering significant
upside potential
West Medvezhye in Siberia has independently assessed
prospective resources of over 1.1Bnboe of gas, condensate
and light oil for the 1,220km2 licence area
First discovery well was completed in late 2007
Field located in the largest gas producing region on Earth
In September 2008, VOG acquired an option to acquire
Falcon Petroleum, an E&P company with PSAs over
45,000km2 in Ethiopia and Mali
Virgin exploration territory, but with good geological leads
and oil seeps
10
11. West Medvezhye, Russia
West Med lies adjacent to the
super-giant Medvezhye field
and about 120km from
Urengoy, the world’s largest
gas and gas condensate field
VOG has successfully
completed a passive seismic West Med
survey over an area
surrounding discovery Well 103
The results of the survey will be
correlated to the existing
subsurface interpretation to
confirm the location of the next
well to be drilled in 2010/11
Source: Merrill Lynch
11
12. Kemerkol, Kazakhstan
The Kemerkol project has
State-classified oil reserves
and resources of:
C1 8.7 Mmbbl
C2 26.3 Mmbbl
C3 25.1 Mmbbl
Production from the field is
temporarily suspended
VOG is fighting an
illegitimate claim against its
ownership
Appeal with the
Supreme Court and
General Prosecutor
Judgement won against the
former owner in High Court
VOG preparing $30Mm
damages claim
12
13. Falcon Petroleum, Mali and Ethiopia
VOG has signed a 12
month option to acquire the
assets of Falcon Petroleum
Falcon has a 50% interest
in the PSA for Block 17 in
Mali and 90% of PSA over
Blocks Ab1, Ab4 and Ab7
in the Blue Nile Basin in
Ethiopia
Total acreage covers over
45,000km2
Logbaba
13
14. In Summary
Logbaba represents proven reserves and fast-track cash flow
generation from a captive market with significant expansion
potential
Positioning in Cameroon power generation market can
transform VOG into the premier energy supplier in the region
Exposure to huge hydrocarbon potential of the FSU still of
primary importance
Technical management greatly enhanced through new
appointments and assumption of existing Bramlin team
Continuing financial and strategic support of Noor Petroleum
adds significant advantage during economic instability
14
16. Directors and Management
Board of Directors Senior Management
Kevin Foo, Chairman Radwan Hadi
36 year career in the resources sector COO of VOG; Senior petroleum engineer
including 16 years in the FSU; former MD with Blackwatch with over 25 yrs
of Celtic Resources Holdings experience in oil and gas including in
Grant Manheim, Deputy Chairman Nigeria, Ghana and Equatorial Guinea
37 years at N M Rothschild and Sons Sam Metcalfe
Limited, with 25 years as a board director Managing Director and Principal
Robert Palmer, Finance Director Reservoir Engineer with Blackwatch, over
Chartered accountant with extensive 25 years oil industry experience,
experience in corporate finance worldwide
George Donne, Executive Director Jim Ford
Former investment banker and General 30 years experience in the energy sector
Manager of VOG and previously president of Daytona
Rashed Al Suwaidi, Non-Exec Director Energy
Petroleum engineer and former E&P Ernie Miller
Director of ADNOC. Director of some of
the largest investment companies in UAE 16 years of energy experience in both
public and private companies, including
Philip Rand, Non-Exec Director BPZ Energy, Calpine Corporation and
+30 years financial experience and Pan Canadian
currently the CEO of Equator Exploration
Eckhard Mueller
Mukhtar Tuyakbayev, Non-Exec Director
27 years experience in exploration and
Previously an executive director of Celtic production, including 4 years as chief
geologist for KazGerMunay;
16
17. Cameroon
Cameroon's GDP of $39.5bn
in 2007 one of the top ten in
sub-Saharan Africa
Majority of electricity from
hydroelectric power stations,
susceptible to droughts
In 2004, electricity
generating capacity of
900MW: 95%
hydroelectric Source: EIA
Other operators in region:
Addax Petroleum
Amerada Hess
Bowleven
Perenco
Noble Corporation
Santa Oil & Gas
17
18. West Med Progress during 2008
Confirmation of commercial
discovery by Russian Ministry of
Natural Resources (MNR)
Confirmation of proven
recoverable reserves
Geochemical analysis of target
location by Exotrad Limited
Reassessment of subsurface
data by local institute, SibNats
Recoverable Reserves confirmed by MNR
C1 Oil 1.49 Mmbbl
Gas 1.71 Bcf
C2 Oil 10.41 Mmbbl
Gas 12.10 Bcf
C1+C2 Oil 11.90 Mmbbl
Gas 13.81 Bcf
Total 14.39 Mmboe Well 103
18
19. West Med Programme for 2009
During winter 2008/9, GeoDynamics (GDR) conducted a
passive seismic survey focused on new target location
Drilling of next exploration well, Well 105, expected in 2010
with a further two wells to be drilled by the end of 2012
SibNats Prognosis New target area Exotrad Prognosis
identified by both
Exotrad and SibNats
Well
103
Well
103
19
20. Kemerkol Programme for 2009
Production from the field is temporarily suspended following a
claim against VOG’s ownership during 2008
The short-term development programme remains:
Shoot a passive seismic survey to determine next drilling
locations and analyse subsalt and salt overhang potential
Initial drilling plan of two exploration wells to target best
locations and confirm correlation of passive seismic
Full development drilling on confirmation of further
discoveries
20
21. Falcon Petroleum Assets
Mali Ethiopia
Block 17 is located in the Nara Falcon has been involved in a
Trough, the most western of study of the most prospective
Mali's four sedimentary basins sedimentary basin in Ethiopia
– Block 1 – covering
According to aeromagnetic 150,000km2 including the Blue
data, sediment thickness may Nile (Abay) Basin
amount to over 14,000m –
similar to the Precaspian Within this Block, Falcon has
Basin in Kazakhstan signed a PSA for sub-Blocks
Ab1, Ab4 and Ab7
The Cretaceous reservoir is
thought to be similar to that of The Basin contains possible
Chad, but the Paleozoic is structural and stratigraphic
more comparable with Algeria traps and oil seeps are
present in the northern section
Block 17’s location in the The oil seeps occur in
narrow and relatively elevated Were Ilu, inside Block Ab1
part of the Nara Trough
21
22. Abbreviations
Bnboe Billion barrels of oil equivalent
Mmboe Million barrels of oil equivalent
Mmbbl Million barrels of oil
bbl/d Barrels per day
mcf Thousand cubic feet of natural gas
mcf/d Thousand cubic feet per day
Mmcf/d Million standard cubic feet of gas per day
Bcf Billion cubic feet of natural gas
Tcf Trillion cubic feet of natural gas
Bcm Billion cubic metres of natural gas
$Mm Million US$
km2 Square kilometres
m Metres
Mt Million tonnes
22
Mtpa Million tonnes per annum
23. Resource Categorisations
Category Explanation Approx Western Category
A Geologically and geophysically examined
Delineated by exploration and production
Data shows recoverability
Represents reserves in current production
B Geologically and geophysically examined
Evaluated by adequate drilling
Proven
Data shows recoverability
Represents unused producing capacity
C1 Reserves adjacent to A and B categories
Geologically and geophysically evaluated
Verified by minimal drilling
Data shows partial recoverability
C2 Presumed to exist based on favourable geological and
Probable
geophysical data analogous to that of verified reserves
C3/D1 Speculative resources presumed to exist based on
Possible
favourable geological analogy to reference areas
Source: IEA and Russian Ministry of Natural Resources
23
24. VICTORIA OIL & GAS PLC
HATFIELD HOUSE
52-54 STAMFORD STREET
LONDON
SE1 9LX
Tel: + 44 (0)207 921 8820
Fax: +44 (0)207 921 8821
www.victoriaoilandgas.com
info@victoriaoilandgas.com