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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

Put this post on the EKA thread, there was a rumour about sister company EKA and permits recently, and now a rumour in the mail about VOG and gas problems ! EKA and VOG are sister companies, so is someone having a dig at Kevin Foo ?


"The anti Celtic Resources rumour mill are hitting Foo's VOG and EKA with lots of negative stories, like the one recently on EKA about permits. Now they are having a go at VOG again I see.

A conspiracy going on ?

Anyway, good top up time with the price of EKA now and Molybednum production on line and generating cash in Q1 06."

Has anyone seen the article in the Daily Mail about VOG only having 8 weeks cash left? Lots of chattering about this on the iii board....nothing here. Also understand RNS expected at 1130. Anyone seen this/heard anything??

Maybe this link will work:

http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=405618&in_page_id=23

they are getting very nervous over on advfn due to the lack of news re raising money , speculation that Foo cannot get the placing price he wants - take a look

no position , waiting for rns - the rapid movement and wide spreads have made me nervous!

I wondered where everyone was!! Don't think I'll look over there...I'm nervous enough as it is! Thought there would be more comment here though??

we're in this together Mr Mole! sounds as though people are scaremongering to drive the price down-nervous but I'm staying put for now.

a very loud man called raven is short and doing everything he can to get the price down

Just got back..nothing much seems to have happened...phew!!

news

Ouch, not so sure that's so positive. Perhaps likely to test lower before any recovery.

as I understood the previous results statement in Oct(?) the company had about 11m cash left from fundraising in Feb and that's after making acquisitions. ignoring those cash burn was 4-5m for the year. I imagine the new funds are for exploration of the West Med gas find rather than to keep the company afloat. volatile things these oil stocks :-?, still in profit,just!

When it's a south bound train, being in cash till a new breakout is best...
Ride the waves like PET earlier in the year, but don't be greedy...

Nobody wants to pay a premium for fund raising period!

Bull traps - bear traps - MM control this for now.

DYOR - obviously.

666

666

In at 82p. Others in tentatively now at 85-87 range. Ride the wave indeed.

Not for the faint hearted.

Nam

NAM

Yeah...

I love this stuff...

666

;@)

Nam

NAM

:P

Enjoy the ride...

666

That RNS was no help at all, it did not refute any of the points raised in the newspaper article.

"The proposed fundraising will provide funds that are essential for the continuation of its development programmes at West Medvezhye and Kemerkol."

My understanding was the the company had 11m at the time of the results in Oct. Eight weeks from now is roughly the start of February. For a company of VOG's size to burn 11m in just a few months is ridiculous, so I suspect there may be one-off payments due at that point. Would be nice to know.

I don't like the word "essential" in there. That worries me.

Right now, I would settle for reduced fundraising focussing exclusively on West Medvezhye. Alternatively, there is the option to sell a percentage of the rights that Victoria own in exchange for the finances required.

On the basis of the gas discovery in West Medvezhyein I am on of those investors who believed that VOG SP would hit 150/200p at some point. However the sp has taken a battering not because of the fundamentals but due to bad management of RNS. News leak about the proposed fundraising has badly affected the SP. We seem to get RNS, after newspaper artcles, which does not provide any real facts or refute it, apart from confirming that VOG is seeking additional funding, this certainly is not very helpful. I do hold and intend to hold for long term. Originally got in at 57p topped up at 97/98p and a further lot at 115p, but did take some profit at 148/149p. The discovery is such huge, which has been confirmed by independent consultants I failed to understand why the SP has dropped below 100p. Apart from the fact that the company is seeking additional funding I can only contribute the short selling to bad PR. May be others on this board can shed some light on why VOG is getting bad publicity (http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=405618&in_page_id=23
) and the sp is taking such a battering.

The reason why the shares have taken a beating is:

No additional finance in 6 weeks and its bust simple as that really.