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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/

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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

i for one shall continue to hold ..... i have a "sensible" holding, which if all goes well could be worth quite a tidy sum i dare say, and if all goes pear shaped, nasty but far from terminal

MadDoctor, Big Al is right, but I'd certainly take today's news as an encrouaging sign to hold on until the testing is complete (unless I really wanted to cut down my overweight risky holding and pump it into SOLA instead, which might happen!).

or even good old Petrofac (PFC i think) which continues it steady upward climb

Hmm, back to where it was before yesterday's news, although you could argue there was a leak late Weds and it isn't back that far yet.

comment over the other side " consider the zone between 3100 and 3500 metres , primary targets revealed no hydrocarbons"

not checking 14k of postings to see if this is true but perhaps somebody following more closely would like to comment

Victoria Oil & Gas Plc

12 October 2006



Well 103 Results Confirm Hydrocarbon Presence at West Medvezhye Project, Russia

Three hydrocarbon-bearing intervals totalling over 55 feet of net pay
sands confirmed by petrophysical interpretation of open-hole logs
Intervals located in or around the Bazhenov shale, the source rock for
some of the largest gas and condensate accumulations in the world
Well to be put on test for 90 - 120 days to determine accumulation
characteristics and size

Victoria Oil & Gas Plc ('Victoria' or the 'Company')(ticker: VOG), the AIM-
quoted oil and gas company focused on the Former Soviet Union, today announces
results of petrophysical interpretation based on the open-hole logging at Well
103 at its West Medvezhye gas and condensate project in Russia.

The well was drilled to a total depth of 3,900 meters and open-hole logs were
obtained with petrophysical interpretations generated by the Company's technical
team, Baker Atlas and Krasnoyarskgeophysika.

The log data obtained from the wellbore and subsequent interpretation has
yielded the following results:

Interval 3,730 - 3,737 metres: hydrocarbon-bearing sands were observed
in the Bazhenov horizon with hydrocarbon saturation of 50% and
porosity of 11%.

Interval 3,794 - 3,799 metres: hydrocarbon-bearing sands were observed
in the Jurassic (J2) horizon with hydrocarbon saturation of 75% and
porosity of 15%.

Interval 3,812 - 3,817 metres: hydrocarbon-bearing sands were observed
in the J2 horizon with hydrocarbon saturation of 75% and porosity of
17%.

The logs give a strong indication of the presence of gas or gas condensate,
however, the Company cannot rule out the possibility of independent oil
accumulations as several wells in nearby licence areas have produced crude oil
from the J2 horizon. The horizons indicating hydrocarbon shows are either within
or close to the Bazhenov shale. This is the source rock for the Nadym-Pur
hydrocarbon province, which hosts some of the largest gas and gas condensate
fields in the world.

On the basis of these results, casing will be set to a depth of 3,880 metres and
mobilisation will begin for testing to determine reservoir productivity,
characteristics and reserve volume size. This testing will take place for a
minimum period of 90 to 120 days and the Company anticipates commencement before
the end of the year.

The Company will also be using the subsurface data gathered from this well to
refine its interpretation of its existing seismic data. This will remove some of
the uncertainty inherent in the identification and selection of the targets for
the further exploration of the licence area.

Commenting today, Managing Director William Kelleher said, 'Today's results are
extremely important for Victoria as they confirm the presence of hydrocarbons at
Well 103 in over 55 feet of net pay sands. These same intervals produce from
adjacent wells in nearby licence areas and the subsurface data we have obtained
will greatly enhance our analysis of the new exploration targets to be drilled
this winter. Presently the well is stable, in good condition and will be cased
prior to extensive testing to confirm the nature and overall size of each
accumulation as well as potential productivity.'


maddoctor i have re-pasted the rns no mention of above that i can see

Woodie , his implication was that they have only found secondary targets , still no wiser :-((

agree thats why the market is still not sure about the news, some muppets on the other side see an rns then expect a jump in the s/price of about 20% when it does not happen they wonder why.

quite so Woodie ..... for my part, i was more than pleased to see a sensible and conservative RNS ...... with the shares dropping back i am sorely tempted to buy again but do not want to get overweight through greed

A positive finding on the secondary target is better than no positive finding at all.

Just a thought: Final results due out any time before month end??

soul traders, positive, secondary, no positive, i think i understand what i think you mean, if you see what i mean,-----just kidding.---good luck and best wishes.

VOG now lower than before last week's news. Hmm

i don't think there is anything untoward at all, not least because volumes are low/normal ...... prob just small offerings from peeps who were badly burnt before and have tried to sell into the rally ...... also the immediate good news has been and gone.

in my very amateurish way, i would say there is quite good support at around the current price (80/82), but also note the way the price hit 50 dma and came back down ...... therein perhaps lies your clues

From the RNS 12 Oct 06:

Well to be put on test for 90 - 120 days to determine accumulation
characteristics and size.

Thus it will be mid Jan or Feb 07 before we will know the extent of the find. Some may consider this a long time to wait for positive news, but depends upon whether investors have a short, medium or long term strategy.

any of those as far as i am concerned! .... have yet to work out whether greed will get the better of my brain at these levels!

Victoria Oil & Gas Plc

17 October 2006

Issue of 20 Million Convertible Bonds

Victoria announces the private placement of up to 20 million of Secured
Guaranteed Convertible Bonds due 2009
Proceeds to be used for the Company's on-going exploration and development
programmes in Russia and Kazakhstan

Further to the announcement made on 7 September, 2006 Victoria Oil & Gas Plc
('Victoria' or the 'Company') announces today the closing of the private
placement of up to 20 million of Secured Guaranteed Convertible Bonds (the
'Bonds') to fund the exploration and development programmes of its assets in
Russia and Kazakhstan. Victoria today has issued 11.5 million Bonds, with an
option to issue an additional 8.5 million of Bonds in the next 90 days subject
to Shareholder approval. The placement of the Bonds was managed by Jefferies
International Limited ('Jefferies') acting as Sole Placement Agent.

Proceeds of the Bonds will be used to finance the Company's exploration and
production programmes at its assets in Russia and Kazakhstan. Victoria has
announced that an interpretation of open-hole logs from Well 103 at its West
Medvezhye gas and condensate project had confirmed the presence of hydrocarbons
in three potentially productive intervals. Following this discovery, the Company
will begin immediate mobilisation for testing of the intervals and further
analysis of its next exploration targets

The Bonds were privately placed at 100 per cent of the principal amount and are
denominated in Sterling. The Bonds bear a coupon of 2.5 per cent per annum until
17 April, 2007 and 6.25 per cent per annum thereafter, mature in 2009 and are
convertible in to ordinary shares of the Company. The initial conversion price
was set at a 4 per cent premium to a price determined in a pricing period
leading up to closing. The Bonds also contain other terms, including a price
readjustment provision, restrictions on issuances of certain future debt and
anti-dilution protection in the event of certain future issuances of ordinary
shares.

The Company has also secured a floating rate exchangeable note facility with ING
Bank N.V., (the 'ING Facility'), which provides for finance up to a maximum of
25 million on a draw down basis. The Company's ability to draw down on the ING
Facility is restricted until early 2007 by the terms of the Bonds, (please see
Appendix for further information).

Commenting today, Chairman Kevin Foo said, 'We are approaching a critical period
in Victoria's development with testing of our new discovery at Well 103, the
drilling of up to three further exploration wells at West Medvezhye in Russia
and development of Kemerkol in Kazakhstan. This financing has secured our
ability to complete our current development programmes and puts us in a strong
position as we head towards 2007.'

thats very good news. No need for a placing then.

I'd be interested to know more about the conversion proce of the bonds, though, as clearly a small amount of dilution will still arise.

FWIW I have decided to take a break from VOG - sold my shares on Monday and bought SYM as I am hoping that this will enjoy a strong run in the near future, whereas I see VOG trading sideways for a bit. We shall see . . .

soul, I think you've done the sensible thing. It's the only stock in my portfolio that has made such a loss. I didn't have a stop loss in place, when I really should have. I still believe West Med will come up trumps for those who wait.