new ipo so early days yet given time to settle i think we shall see a good run with this stock re jumbo[hd]

Wilbs,
Thanks for that, I will look at them.Have a look at SEO, different sector.
Regards,
Sambal

Hi McGavock, I know of NOP but not really looked at them or Lupus. I will have a look at them, If your in them why don't you start a thread??

Hi sambal, No probs. I am in SEO, have been for a long time. Looking good!!
wilbs

Any idea when VOG plan to start drilling in Russia.

Vog started drilling, a plan up and running,good news.

From today's FT.com:

Shares in Victoria Oil and Gas surged more than 25 per cent yesterday after the Aim-listed company received confirmation that it had made a big gas discovery inRussia.

Independent consultants DeGoyler & MacNaughton confirmed that Victoria had discovered 500bn cubic feet of recoverable gas, up from the previous estimate of 16bn cubic feet, at its West Medvezhye gas and condensate project in the Yamal Nenetsk region of Russia.

The company, which floated last year, was founded by a group of former employees of Yukos, the collapsed Russian energy group built up by Mikhail Khodorkovsky, the imprisoned Russian oligarch.

The discovery is believed to be the largest discovery of natural gas by an Aim-listed company. One analyst said: "It's certainly the biggest in many years. It's huge."

The field is bigger than several of the North Sea's best-known fields such as Ravenspurn and West Sole, and is only slightly smaller than the Amythest field field, found in 1965 and currently operated by BP.

D&M predicted the well could even reach 2,300 billion cubic feet.

The region in which the project is located contributes about 20 per cent of global gas production annually.

Victoria said it had a strong relationship with Russian gas company Gazprom, which would allow it to sell on the gas via Gazprom's gas distribution system.

However, Victoria has yet to negotiate an agreed price with Gazprom for its gasdiscovery.

Next year, Victoria plans to drill three additional wells at the site. William Kelleher, executive director at Victoria, said successful tests of these wells could further boost the valuation put on the company's assets in the region.

Mr Kelleher joined Yukos in 1998 and was the executive vice-president for exploration in the Central Asian region outside Russia when he left the now-collapsed Yukos.

The discovery is a vindication for Mr Kelleher and 15 other executives and technicians who left the Russian oil company Yukos before its collapse.

Zac Phillips, an analyst at stockbroker Ambrian, said that, while developmentrisks remained, this "upgrade represents a step-change in the outlook for the company".

He added: "The potential reserves of 4,400 cubic feet could place the company firmly amongst much larger Russian and former Soviet Union operators such as Sibir and JKX Oil and Gas."

He raised his estimates of Victoria's net asset value to 501p, of which 297p was based on recoverable resource estimates.

He also suggested a fair value of 306p per share.

Victoria shares closed up 11p at 57p yesterday. Now c. 112p

Massive potential here ---- JUST THE BEGINNING !!!!!!!!!!!!

who are they selling the gas to ??? ---------------------------

GAZPROM OF COURSE!!!!



Victoria Oil & Gas Plc

Gas Distribution Protocol Signed with Gazprom

Protocol agreed with Gazprom subsidiary as first step in securing a long term gas off-take arrangement

Gazprom subsidiary to provide technical assistance to Victoria

Two further wells to be drilled at West Medvezhye during 1st Half 2006

Victoria Oil & Gas Plc ('Victoria' or 'the Company') the AIM-quoted oil and gas company focused on the Former Soviet
Union, today announces that it has signed a protocol with Gazprom subsidiary Nadymgazprom ('NGP') outlining terms for
future discussion regarding the distribution of gas through its transportation system from the Company's West Medvezhye
gas and condensate project ('the Project') located in Western Siberia, Russia.

Protocols are part of the conventional Russian process of negotiating a binding contract, but are not, in and of
themselves, legally binding. This protocol is the first step in securing long term gas off-take agreements with Gazprom.

Gazprom subsidiary NGP has agreed that, following a successful well test and reserve reclassification, it will initiate
negotiations with Victoria for the transportation, storage and marketing of gas from the Project. NGP has also agreed to
provide assistance to Victoria, in the near-term, with further subsurface interpretation of the Project and procurement
of technical equipment.

Gazprom is the world's largest gas company and is the owner and operator of Russia's only gas pipeline network, the
Unified Gas Supply System ('UGSS'). All gas produced in Russia, either by Gazprom itself or by independent producers, is
transported through the UGSS to customers inside and outside Russia. NGP is directly responsible for all Gazprom's gas
exploration and production operations, transportation, storage and marketing activities in the Nadym region of Western
Siberia.

Commenting today Executive Director William Kelleher said, 'The terms agreed in today's protocol are broad, but the
lines of communication and negotiation are now officially open. This marks the start of the process for agreeing with
Gazprom access for Victoria to the world's largest gas distribution and marketing system.'

In November 2005, independent reservoir auditors DeGolyer & MacNaughton confirmed expected recoverable resource volume
estimates for the field surrounding the discovery Well 104 of half a trillion cubic feet of gas (0.5 TCF). These
expected recoverable resources are to be confirmed by well testing in the first quarter of this year.

Further to the testing of Well 104 the Company intends to drill two further obligation wells at West Medvezhye, an
appraisal well to delineate further the field around Well 104 and a new exploration well to test a separate structure on
the licence.

During this period DeGolyer & MacNaughton are also expected to release a revision to their 2001 feasibility study on the
Project, including revised resource volume estimates and cash flow forecasts.

For further information please contact:

Kevin Foo / George Donne Jamie Cumming / Tracy Mackenzie
Victoria Oil & Gas Plc Bell Lawrie
+44 (0)207 921 8820 +44 (0)141 314 8103
+44 (0)141 314 8220
Leesa Peters/ Laurence Read
Conduit PR
+44 (0)207 429 6605
+44 (0)7979 955 923


This information is provided by RNS
The company news service from the London Stock Exchange