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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

no RNS but sustained buying in last 10 mins...

The new CEO Tony Porter is firing one third of the staffs in Kazakhstan...not good.

question is WHY? ..... if just dead wood, then may be no bad thing

VOG is drifting again

Any Views????

Victoria Oil & Gas PLC
26 February 2007


VICTORIA OIL & GAS PLC

INTERIM RESULTS FOR THE SIX MONTHS TO 30 NOVEMBER 2006


CHAIRMAN'S STATEMENT


Dear Shareholders


In the few months since I last reported to you, we have seen a number of
significant events in your Company. I would like to discuss these with you now
and briefly elaborate on our plans for the coming year.


In January, we were delighted to announce Tony Porter's appointment as Chief
Executive Officer. His experience covers the whole spectrum of energy
production, from upstream oil and gas exploration to downstream refining and
power generation. Throughout his career, Tony has demonstrated the ability to
establish successful operations that generate near-term cash flows whilst
minimising cost and risk. This is exactly the experience that we have sought and
whilst the potential of our assets cannot be questioned, we need to realise this
value for our shareholders.


Reporting to Tony on our exploration activities will be Gerd Fabel, who has been
promoted to lead our technical team in Kazakhstan as Head of Exploration. Gerd
has a long and distinguished career in reservoir engineering, specialising in
hydrocarbon field development strategies. We respected Bill Kelleher's decision
to step down as Managing Director to return home after so long in the FSU and I
should like to thank Bill for the outstanding contribution he has made to
Victoria in its formative years.


The appointment of a new CEO has given us the opportunity to review our strategy
for maximising the value of your Company and this has involved concentration on
near term production and cost cutting, including a reduction in staff, in all
but the most critical areas.

Further to this the Board has decided that for at least the first half of 2007,
we will balance our risk by focusing on attainable production targets at
Kemerkol and increasing revenues. West Medvezhye has presented us with an
extraordinary opportunity to become an established player in the Russian gas
sector, but it has also stretched our limited human and financial resources. I
would like to confirm though that we will continue testing of Well 103 at West
Medvezhye and prepare for the drilling of Well 105.


We have always believed that there are outstanding acquisitions to be made in
the FSU. These can add significant value to the Company and can provide a swift
method of increasing our cash flow and reserves and so we shall provide
increased support to our acquisitions team, led by Mr Nigel Harper. Our criteria
for such deals demand assets that are economically robust in their own right,
but we are also open to projects which would complement or enhance any of our
existing assets.


We are currently looking at a number of such acquisition opportunities, all in
early stages of negotiation, but I would like to alert you to one particular
project currently under investigation. This is a potential non-operating
investment in the proposed 210MW gas-fired Scherbinka power station in Moscow,
with which we have signed a non-binding framework agreement to deliver gas from
West Medvezhye.


My fellow Directors and I believe that 2007 will be a very important year for
Victoria. I would like to thank everyone for their efforts and our shareholders
for their continued support.


Kevin Foo

Chairman



CHIEF EXECUTIVE OFFICER'S STATEMENT


It is with great pleasure that I am writing to you as the CEO of Victoria and I
would like to discuss further how we aim to maximise your Company's value over
the next 12 months.


Production


The focus of our development strategy for 2007 will be on establishing a
platform for early production and near-term cash generation. The parameters
which we look to adhere to in the execution of this strategy are cost
efficiency, best value and achievability.


Kemerkol will provide the back-bone of our activity for 2007. The rationale for
dedicating our resources to Kemerkol at this stage is clear: not only does the
project have proven reserves, but the necessary infrastructure is already in
place to process and market production immediately. Planned increases in our oil
output from the current minimal levels of around 50 barrels per day, therefore,
can be swiftly monetised without significant capital expenditure further to
drilling costs.


Based on the data from our 3D seismic survey, which has defined ten definite
exploration prospects and two potential leads, we will be conducting a
first-phase drilling programme of six exploration/production wells in the first
half of this year. For this we will use a single rig for drilling and a separate
work-over rig for completion and testing, which should greatly increase our
efficiency in terms of time and expenditure.


Mobilisation has already begun to our first target, Well 73 (up-dip of the
currently producing Well 20) and we would anticipate drilling to commence before
the end of March. The wells will be drilled sequentially with each taking around
eight weeks to complete - two weeks to mobilise, four to drill and two to
complete and test. By using the work-over rig we are able to mobilise the
drilling rig to a new location while the previous well is being completed.


We have set ourselves a production target of 500 barrels per day of oil from
this first phase. This is much less aggressive than our previous development
programmes, but we feel that this is a sensible and more importantly achievable
short-term target given our current resources. The drilling of up to another 12
wells is being evaluated, but for the moment we are concentrating on this
short-term goal before we make any further commitments.


Exploration


Despite focus being on the easily realisable reserves of the Kemerkol field, we
will not be neglecting our exploration of West Medvezhye as there is no doubt
that this project has the potential to be a company-maker for Victoria.


Our exploration programme for this year will be concentrated solely on the
on-going activities at Wells 103 and 105. All further exploration will be
assessed on the results from these two wells, but will not be pursued until next
year.


After a successful perforation of the J2 horizon between 3,794 - 3,799 metres at
Well 103 in early January, we recorded an initial flow rate of around 350
barrels per day of gas condensate. The test will continue into the second
quarter of 2007 and the data gathered will be analysed together with DeGolyer &
MacNaughton, the independent reserve auditors, with a view to upgrading some of
their estimated prospective resource volume of 1.1 billion barrels of oil
equivalent for the project into proven reserves.


Over the next few months, the drilling rig and testing package for Well 103 will
be deconstructed and transported to the site of Well 105. Once the equipment is
on location we will have the flexibility to commence drilling at any time during
the year, unhindered by the spring thaw. This flexibility on timing is very
important as it will allow us to tailor our costs for Well 105 to our increasing
revenues from Kemerkol and so it is likely that drilling at Well 105 will not
occur in the second quarter as originally envisaged, but later in the year.


Further exploration and surface facility oil treatment will also form a vital
part of our longer term development of Kemerkol. The current stated C1 and C2
category reserves for the field of 35 million barrels are based on old 2D
seismic data, which is not comprehensive over the entire licence area. Following
our interpretation of a modern 3D seismic survey, we believe that there may be
considerable upside to this reserve estimate and also scope to increase the
maximum daily production volume as high as 5,000 barrels. New subsurface data
will be gathered as we drill and should our hopes be confirmed, we may look to
verify this upside potential with an independent reserve auditor.


Also, surface treatment (three-phase separation and chemical injection) of our
produced oil to bring it to export quality can significantly enhance our revenue
stream. Based on the results from our initial drilling program we will decide
the timing of the installation of these minimum cost facilities.


We estimate that the exploration and production programmes that I have outlined
will cost around US$16 million. We announced in October 2006 the funding that we
had in place for the development programme, including the issue of 11.5 million
of convertible bonds with an option to issue a further 8.5 million of
convertible bonds. We no longer expect that the option to issue the additional
8.5 million will be exercised and we are evaluating alternatives including the
floating rate exchangeable note facility negotiated with ING Bank N.V. which we
also announced in October 2006.


With the committed support of our Directors, Chairman and shareholders I look
forward to the challenges ahead and maximising the value of Victoria for you
all.


Tony Porter

Chief Executive Officer

does the above sound very "parson's egg" to uninspiring to anyone or even everyone else?

clearly so! .... now -10p and heading south rapidly .... i'll prob stay with my small (and diminishing!) stake, but this is what happens to E&P companies when they fail to deliver and/or the market in general catches fright

yes , i have lost patience and am now out, i may buy some more if they drop much lower in next few days/weeks, but would rather put money into upward rising stars, i thought this co was supposed to be sitting on massive reserves...? but wouldn't be surprised if they will need some more money soon...

If you compare those production levels to those of similar O&G companies, you will see that VOG is still massively overvalued. For instance, compare to FEP or PELE, both less than half VOG's mcap.

changed my mind ...... closed out at very small + or - to get money off the table .... don't think these are the right sort of stocks, especially when statement is something of nothing

Grim isn't it !

fine by me ..... i'm out at no worse than break even and, as predicted, FTSE reacted sharply .... was short there and have just taken that profit too

yeah cynic, many shares are looking 'cheap sale' now. SOLA will go up tomorrow.

VOG looks to have some substantial buyers in the wings ....... As for SOLA, it is currently a no-brainer that it will be down very steeply indeed along with the rest of the market.

As i write, Dow is down more than 500 and FTSE forecasting -168 at the open

i repeat what i said on 27/2 ...... in the past, this share has been up and down like the proverbial whore's knickers ..... however, it has been very noticeable that in the recent bloodbath, sp remained very solid.

while the share (company) remains highly speculative, it is certainly a far safer bet than ELP (Papal, please note!) and probably GOO and similar in risk to CHP.

sp this morning is +3p

Suggest you all check out IEC for oil stock on the move

not investing new money anywhere ..... don't even hold VOG at the moment ..... sold them a couple of weeks ago

zzzzzzzzzzzzzzz

this share is shit

You might be right scot, but if the sp goes to 50p, I think it might be worth a punt just on hope of a bounce.