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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

It certainly does not mean a thing, Peter...down to 61.75p now.

Grim isn't it ! drifting down and down 40-50p on the cards!

don't disagree .... sold 1/3 of my holding a couple of days ago ..... nothing untoward; just general boredom and lack of confidence in E&Ps - qv GOO, CHP et al

going down, deeper and down

quite probably

Close at 59p today...nose-diving towards 50p

am now out though may buy back in new year ..... would not be surprised to see sp nearer 45

Well looking good today. Lets hope it stays there till the end of the day.

doubt it! never does ! but here's hoping....

If this holds then there will be a turnaround.

Anyone attend the AGM today????? grateful for any feedback.

i followed VOG for quite a while ...... made a lot but almost certainly lost even more when sp collapsed ...... am currently out but continue to watch ...... suspect AGM had nothing much to say for though there was a modest rise in sp, volume was almost non-existent at 62k ...... from memory, no production or drilling news is expected for another 4/6/8 weeks, but perhaps someone less lazy than i will be a bit more accurate on the timing.

Thanks cynic, have a Happy New Year when it comes!

I attended the AGM and made several notes. I have posted this information on another blogg which I regularly read.
Happy reading!!

To start with all resolutions were passed as shown in the RNS these were the ones listed which are on VOG's website.

To start the meeting Kevin apologised that the meeting was held today as its threw the holiday period however he went on to say that there was a good reason for it being held on today's date.

He went on to read 2 emails which he received from William Kelleher who was not present at the AGM as he was in Siberia which relate to an Update from well 103.

One of the emails he received was from Christmas day and the other was one that he received this morning.

The email from Xmas day mentioned that weather problems caused a delay in well testing as it was -45 degrees, as well as this Police had closed iced roads.

He then went on to say that the well was 100% rigged up and that they were expecting first flow results by Wednesday afternoon at the earliest.

The email sent this morning mentioned that the weather was currently -30 degrees. It also stated that they had been getting it ready to detonate the TCP's (Dont ask me what TCP's are as I dont know - I would say some sort of controlled explosive device) It then mentioned that there was approximately 550 meters more to go in the well in order to have it set up to detonate the TCP's.

He said that this will be hopefully taking place tomorrow where they should get results next week. He specified a time period of 72 hours where they will then have the first flow results. (My interpretation is probably late Wednesday or Thursday morning there will be some sort of an RNS with first flow results)

Kevin Foo stated that the well is going to be tested imminently (he mentioned the fact that he has used this word before and said testing may take place as early as today or tomorrow.

Following this he went on and discussed Well 105 - 4 way closure and said that with this well they will have 4-5 target zones which they should start drilling early next year.

In relation to selling oil and gas he said that it would probably sell at approximately $24 per mcf from the well head. Further to this he stated that should they deliver the market themselves and sell it to an independent buyer they will probably get $75 per mcf.

Should they deliver to the market the costs are likely to be an additional $25 per mcf.

He explained that should gas be used converted to electricity they would be looking at a figure at approximately 6 times $24 per mcf

In relation to new aquisitions Kevin Foo stated that they were looking for 2 or more projects in the first quarter or at the latest first half of the year. (Something to look forward to)

That sums up what I have in my notes, I have tried to be as accurate as I can with the information I have provided.

Further to what I have put I had an informal chat with Kevin Foo in relation to well 105 and he stated that this well can be a company maker for VOG. He said the odds were something like 29.9% chance of being commercial and that this is the highest percentage chance for any well which has not been drilled. (So it sounds quite promising).

He seemed pretty confident that gas will come up from well 103 and didnt seem to have any concerns. (Just a case of for how long) (IMHO I think he just does not want to give any false hopes and they want to deliver some results)

I stated to him that initially before drilling the odds of being commercial was 20 something percent chance and if that would have changed and gone in our favour as a result of the stage we are at with the well. On the balance of probability he said it was about 50/50 chance that it would be commercial.

Yea sorry forgot to mention that. It was stated that there main focus was on West Med however they will be using some of the funds that they have for Kermekol.

Also in relation to funding it was said that the bonds they have are enough to cover Well 105 probably until mid next year however he was confident to say that they had another I think 20 million from ING which will give them enough money to see them through '2007' to '2008'

It was mentioned that there is also the possibility of funding from producing wells at a later stage.

Mr Foo also announced that he wanted to buy more shares. However he said he cant purchase them as the results for 103 are due soon.

Hopefully this will give holders some confidence.

Over and out..

thanks for that very informative post .... the key of course is that there is no better than a 3:1 chance that even 105 will prove commercially viable .... that said, it is no better or worse than any other test drilling ..... you now takes your chances ..... if 105 comes up with the goodies, then watch the shares fly; if yet another dud, then perhaps 20p is on the cards.

xxxheroxx, Thanks for AGM Post, much appreciated.

Likewise, xxx. Good info. Hope to return the compliment one day.

The graph reminds me of the seo graph . were is the sp heading ?

almost certainly down, though more likely through inertia and boredom through lack of news rather than anything else ..... next drillingn ews due in 4/6 weeks from memory.

the chart is as bad as ever, we need news and fast.