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

don't seem to be doing too well on these stocks at the moment. Anyone got news on why their failing when most other oil stocks are doing so well?

Anyone still around??
Im now looking into VOG as its looks prommising. Will post when a bit more research is done.
The chart doesn't look too bad IMO. The support level is 41p. Aslong as it doesn't break this all should be well.
All IMO of course!!!



wilbs

Here is an insight to VOG,
sorry its long.
Happy reading.


http://www.victoriaoilandgas.com/

Oil & Gas Projects

Victoria Oil and Gas is actively seeking producing opportunities in Russia and Central Asia.
Within two weeks of listing Victoria had secured two projects.
We are also pursuing high quality, high reserve volume exploration projects.
We are evaluating a number of separate projects for both E&P.
The company is also evaluating joint venture partners for trading crude oil as well as various downstream assets for acquisition


Celtic Resources Oil & Gas Assets

Purchased for 2m in Victoria shares and 0.3 m debt
Tamdykol project, west Kazakhstan
Royalty interest in 2 UK Offshore gas plays
10% interest in UK onshore play
Celtics E&P team in Kazakhstan will run Victorias E&P Division
West Medvezhye Field Russia

74.6% for US$8m cash and $3m shares
1224 sq km license, near Nadym, Yamal region. Gas and gas condensate.

Medvezhye Field: produced 52 TCF gas, 535mbbl condensate from 1300-2100m

Orengoy- 130km east produced 135 TCF and is largest gas field in world

Seismic work indicates: 4.4TCF and 200mbbl condensate



Victoria Oil & Gas Plc (AIM: VOG) is a company that has been established to build a portfolio of investments in the oil and gas sector, with particular emphasis on projects in Russia and Central Asia.

Victoria Oil & Gas considers that the Russian and the Central Asian Republics, which account for some of the largest hydrocarbon deposits in the world, represent an attractive area for investment. Oil production in the key Caspian countries, namely Kazakhstan, Azerbaijan and the Caspian Sea Region, has doubled during the last ten years and is expected to double again by 2010.

Victoria's Board and Management are widely experienced in the FSU resources sector and are well respected in the financial community. They have a proud record of delivering shareholder value

Our Exploration and Development (E&P) team, based in Kazakhstan is strong, committed and motivated for success.

21 February 2005

Acquisition of the Kemerkol Oil Field in Kazakhstan for US$8.5 million

Proven C1 category reserves of 8.7 million barrels of oil and C2 category reserves of 7.8 million barrels.

Total purchase price of US$8.5 million in cash and shares.

Current shut-in production of up to 200 barrels per day to be increased to 1,000 barrels per day by end 2005 with first production targeted within 90 days.

Overall target production of 4,400 barrels per day within three years through further development.

Victoria Oil & Gas Plc ("VOG" or "the Company") today announces that it has agreed to acquire from Saga Creek Gold Limited 100 per cent of its exploration and production licence for the Kemerkol oil project (Blocks I and II) in north-west Kazakhstan.

The total acquisition price of US$8.5 million will be satisfied by US$6 million in cash and US$2.5 million in new VOG ordinary shares of 0.5p each. The consideration will be paid in three monthly tranches of cash and shares following an initial payment of US$500,000 in cash upon completion.

Kemerkol lies in the Atyrau Oblast of Western Kazakhstan approximately 200 kilometres from the north-eastern coast of the Caspian Sea and close to a number of existing producing oil and gas fields. The Company has calculated the projects total recoverable oil reserves under Russian C1 and C2 standards at 16.4 million barrels (2.3 million tonnes), with C1 reserves of 8.7 million barrels (1.1 million tonnes).

Kemerkol has three productive wells at depths of 1,100 to 1,400 metres, which tested combined production of up to 200 barrels of oil per day, although this production is currently shut in. Through re-entering these existing wells and through further drilling the Company believes that it can achieve the projects target production of 4,400 barrels per day within three years. First production is targeted within 90 days and the Company believes that 1,000 barrels per day can be achieved within 2005. The Minimum Work Programme requires further 2D seismic data and drilling of 14 new wells over a six year period.

The project also benefits from its proximity to existing infrastructure situated 20 kilometres from a loading point to the major KazTransOil pipeline and only 10 kilometres from the Mukur railway station. Early crude production can be trucked to Mukur and shipped via railcar. As production increases, access to the pipeline can to be negotiated.

Commenting earlier today, Executive Director William Kelleher said, This is exactly the right deal for VOG at this time giving the Company access to a revenue line from oil production. Having secured the vast potential of the West Medvezhye gas and condensate project in Siberia, we are now complementing this acquisition by acquiring C1 proven reserves for less than US$1 per barrel, which will generate cash flow within a short time. We will also have the opportunity to utilise one of our core areas of expertise closing the performance gap by enhancing production through remedial work-over operations. This is what our operational management team excel at.

The Caspian Sea Basin is one of the largest and most important oil and gas regions in the World. Although largely undeveloped, the region is thought to be behind only the Middle East and Russia in its total oil and natural gas reserves and could be as high as 200 billion barrels of oil and 232 trillion cubic feet of gas. Current oil production from the Caspian states of 1.5 1.7 million barrels per day is estimated to reach as high as 5.9 million barrels per day by 2010. Two major new pipelines will facilitate this production increase: the Caspian Pipeline Consortium Project (CPC) linking Tengiz to the Russian port of Novorossiysk has a current capacity of around 27 million tonnes per annum; the Baku-Tbilisi-Ceyhan (BTC) Pipeline from Azerbaijan to Turkey is planned to have a capacity of approximately 50 million tonnes per annum and will by-pass the Bosporus Straits.


wilbs

Thanks Wilbs. Gonna hang on as they've dropped in price recently and still can't figure out why.

Wilbs,
Are you still in?
Regards
Sambal

Hi sambal,
Im still looking from the sidelines,looking good though, well the directors think so!!

Victoria Oil & Gas PLC
6 June 2005


6 June 2005

Victoria Oil and Gas Plc

Directors' dealings


Victoria Oil and Gas Plc ('Victoria' or 'the Company') announces that it was
informed on 6 June 2005 of the following purchases by directors of ordinary
shares in Victoria:

Shares Acquired Price (pence) Total Holding in Victoria
3 June 2005 per share following the purchases

Kevin Foo(1) 77,778 37 2,077,778 2.54%
William Kelleher (2) 414,815 37 4,270,214 5.21%
Robert Palmer 77,778 37 77,778 0.09%
Grant Manheim (3) 129,630 37 479,630 0.59%

--------------------------

(1) Shares are registered in the name of H J Resources.

(2) Shares are registered in the name of Hydrocarbon Technologies; Chase
Nominees Ltd and Grena Enterprises Company Limited.

(3) Shares are held in a SIPP Pension Fund on behalf of Grant Manheim.

wilbs

I think it is shaping up nicely. Regards.

rafboy - I think your right.
Regards,
Sambal

Starting to shape up very nicely. Anybody have an idea as to when we can expect news?
Sambal

this coming week i hope it is going to go up.Some news would help!!!!!

Well, just look at the director's buying. This must mean something. Buying together and in quantity. I followed for one. but I have a spread of these companies and can see one or more comming through. Hope it's VOG! Is Wilbs still there?

Hi McGavock, im still here. I finally jumped on board last thursday, only got 10,000 cos looking at another 3 oil stocks that I belive will come good. One being up 10.73% today, the high oil price helps!!!
wilbs

Hi Wilbs, do you want to mame/share the info on the other 3 oil stocks?
Sambal

Hi sambal. ELP, BOR (I have started a thread on each of these) & GOIL. GOIL had a good rise yesterday. I may start a thread on GOIL aswell. IMHO & DYOR. Come over to the threads.
wilbs

Hi Wilbs, For your info my other two flutters in the sector are; Northern Pet (nop) and Gulf keystone (gkp) not too confident about last one! Have you looked at Lupus? diff sector but has Greg Hutchins aboard.

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