">
http://www.moneyam.com/action/news/showArticle?id=4381032
http://www.moneyam.com/action/news/showArticle?id=4381151
http://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/final-results/201310250700053729R/

Powered by IST's


VOG is presently drilling Well 104 in its West Medvezhye field,and expected to reach depth in 4 weeks from spud date of 30th June, that makes 27th July(this week).
Results of testing will be sometime mid/late August, with a positive outcome
it could be HUGH.
With estimates of 134BILLION cubic metres of GAS and 201 Million barrels of Gas
Condensate,it will be a Company Maker. The field is in the area of the largest gas field in the WORLD.
Other assets include Kemerkol in Kazakhstan, with C1 reserves of 8.7MBO
and C2 reserves of7.8MBO. Another acquistion is Tamdykol with potental
reserves of 34MBO, it also has interest in 2 blocks in the North Sea.
You can check it out on www.uk-wire.com, and its own site of www.victoriaoilandgas.com.
It has excellent management team led by Kevin Foo, who hopes to turn it into
a Mid Cap Company(�500m+) in the not to distant future.
As i stated earlier in the post, Drilling is almost complete so it won't be long to Lift Off?
Well, Well worth checking out.
cyril

http://www.investegate.co.uk/Article.aspx?id=201111040700164867R

http://www.investegate.co.uk/Article.aspx?id=201111290700139263S
http://www.investegate.co.uk/Article.aspx?id=201112200700132888U
http://www.investegate.co.uk/Article.aspx?id=201207090700051587H
http://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/rsm-default/201401130700074445X/
http://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/interim-results/201402280701321590B/
http://www.investegate.co.uk/CompData.aspx?code=VOG&tab=announcements

What is happening to VOG now? sigh!

Now down 10p, presumably confidence has gone as delays on clear results normally indicate bad news, anyone have any insight here other than speculation?
It's pure gambling now and not sure whether to cut my losses.

Have investigated a bit and will put it as briefly as possible, and thus probably oversimplify.

Under new FSIA rules, Nomads have to be whiter than white. As a result, an RNS may be issued where one would not have been in the past, purely so the Nomad's back is covered.

The RNS here is just such a one - i.e. it tells us nothing, but nor should anything untoward be interpreted into it, just because of that.

Further, just because the "target depth" has been reached, does not mean that gas (in this case) should be expected to come thundering out of the ground. There is plenty more work required including professional and third party evaluation.

Thanks cynic - I have seen RNS's of this type before and unfortunately they can have this effect on an sp because the Market tends to err on the side of caution.

If VOG have hit commercial targets, it will recover and then some.

Choices involved in buying in the first place probably have not changed, yet!

I agree, SWW - I see no reason to bale out now.

the basics have not changed, though of course there are no guarantees that VOG will have the gas version of a gusher even this time .... just damn well hope they do, or just somehting commercial would suffice! ..... not particularly exposed, so will stay put almost regardless

Cynic, my thoughts pretty much exactly. I'd be slightly happier if my holding was worth more than exactly what I paid for it, but I've come this far precisely because I want to find out what's at the bottom of Well 103 and I'm not going to give up now.

Well done soul and cynic.

About right imo.

Now what did you think of GRV?

Do I take your silence as "Not a lot?"

Haven't had the time re GRV, Seawall, sorry. I've had so much going on with oilers recently (and as you know it has backfired with FEP) so am giving my head a little bit of a rest.

Thanks soul.

Understood.

had a look at GRV and was underwhelmed .... i am very stupid, so perhaps i missed something, but i don't think so

Thanks cynic - it's the first impression I wanted to hear.

So that will do.

Why is VOG down again today?

general weakness among small oilies (SEY excepted!) ...... lack of real news ..... margin calls on victims of betting share collapse

cynic , margin calls on betting share collapse? grabbing at straws? you is the cynic. are you now the optimist? think about it. can our money be better invested elsewhere? please just try to take time out and consider. i'm flat so have no bias. best regards to you.

no jkd, i was being quite serious ..... if peeps have sudden calls on margin, as undoubtedly will have happened to many who held SBT, PRTY and the like, then it is far from unlikely that they will have needed to sell other stocks to meet that call.... Further, those who hold/held the likes of SBT and PRTY are the sort of peeps who would also hold VOG and other third line stocks.

with regard to VOG, my holding is fairly modest and has an average price of about 88 ..... i actually think that there is at least an 80% chance that VOG will come up with a some quite significant finds, and despite the inherent risks of Kazakhstan, the investment looks pretty good if still quite risky.

victoria oil now at .76and a quarter pence seems to be fading away fast. When is the next news due.

not for widows and orphans this one. Anyone know what happened about this debt financing they were talking about? I remember an RNS and a spike in price at the time but have heard nowt since. Also is there anymore drilling news expected this year or was that it?

grim isn't it!

hopefully commence drilling at well 105 later this year! re:drilling report 29/6