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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

News should be out on well 66 at Kemerkol by mid October and well 103 in Siberia in mid november they are also seriously seeking a producing acquisition to give them steady income. The target for the six wells to be drilled this year at kemerkol was a conservative 500 barrels of oil per day ,they are currently producing 465bopd with the results of well 66and another still to be discovered.If the first four wells had all produced 100bopd each we would now be producing less but the share price would probably be a lot higher!

is ther something going off ?

almost undoubtedly, though the moves and volume could be anything between bears closing their positions ahead of an RNS, just in case, to buyers with an inside line ...... imo, do not jump in ..... even if VOG have at long last come up with some goodies, there will be plenty of time to get on board later

Volume moveing rapidly for Vog upwards momentum. 37-41p coming along nicely then news available. then 50p and more to arrive.

you forgot to mention that sp, at about 29, is now well off its intraday highs!

Update on well 66 and news on the further development of Kemerkol should be imminent.

Can't wait!

there has been a lot of big buys of these shares today does anyone know wehn the next news is due. Or do regal petroleum have anything to do with this company.

janet here is your answer re news
Victoria Oil & Gas PLC
30 October 2007


Aim Release
30 October 2007

Victoria Oil & Gas Plc

Drilling Update at Kemerkol Oil Project, Kazakhstan

Victoria Oil & Gas Plc ('Victoria' or 'the Company'), (AIM:VOG), the oil and gas
company focused on Russia and Kazakhstan, today announces that it has completed
drilling of exploration Well 66, commenced operation of pumping at Wells 20 and
73 and commissioned a full geological and geotechnical review of its wholly-
owned Kemerkol oil project in the Atyrau Oblast of Kazakhstan.

Well 66 was drilled to a total depth of 1,102 metres to explore the eastern
section of the licence block. Although oil saturations were found in the drill
cuttings, the logs indicated that these saturations were not sufficient for
commercial production.

Following discussions with the Company's technical management, the Board has
decided to delay the spudding of the next well of this campaign until the
seismic data is re-evaluated using the subsurface information obtained from the
new drilling.

The main objective of this review is to improve the understanding of the trap
and seal mechanisms in the field, especially the sealing capacity of the faults.
Both a seismic re-interpretation and a detailed comparison of the geological
parameters from all wells will be carried out. The new exploration prospects
will then be grouped according to different geological concepts based on the
results of the review and those with the highest probability of penetrating oil-
bearing strata will be recommended for further exploration. The Company expects
this review to be completed during the first quarter of next year.

Production from Well 20 has doubled to 50 barrels of oil per day (bbl/d) whilst
still running on the original progressive cavity pump ('PCP'). Total production
from Wells 20 and 73 currently stands at approximately 300 bbl/d due to recent
installation of a PCP at Well 73 to optimise output and there is scope to
increase this rate significantly by increasing speed and capacity of the pumping
equipment and water shut-off operations.

Tony Porter, CEO of Victoria Oil & Gas, said today, 'We have found oil in all
the wells we have drilled, which shows that the source rock for hydrocarbon
generation is present throughout the field. The challenge now is to concentrate
further evaluations on trap and seal. The licence block covers a large area of
65 square kilometres and still has significant potential for future
discoveries.'

Porter added, 'Activity to maximise production from Wells 73 and 20 is ongoing
and both have responded well to pumping. With the right equipment we would
expect to see a material increase in production from the current levels'.

haven't read this in full, but a quick scan tells me further doom gloom

yep.. piss poor... the sp will gradually dfirt down again...give it a week or two and it's sub 15p here we come...as only have a small qty of shares the value of them is not worth selling so will continue to hold in the vague hope that in a couple of years they may recover a little or...... they may go under ! (imho)

may even short as i think the markets will generally head south (significantly?) in the very near future.

Well update and comments, click here

and marked down 2.5p at opening so did not short

Crashing through its support of 19p.

More bad news...

Victoria Oil adrift on non-commercial well news - AFX


LONDON (Thomson Financial) - UK small caps were lower in early trade, taking their cue from the wider market, with Victoria Oil hard-hit by news that Well 66 is not capable of producing commercial volumes of oil.

The FTSE Small Cap index was 5.8 points down at 3,863.1 by 9.16 am, while the FTSE 100 was 27.4 off at 6,678.6.

Sellers were about in Victoria Oil & Gas, 4 pence adrift at 16, after the company warned that Well 66, located on the Kemerkol block in Kazakhstan, is not capable of producing commercial volumes of oil.

proactiveinvestors.com have commented

Click HERE

Victoria Oil & Gas sinks on dry well
Created: 30 October 2007 Written by: Alastair Ford
Shares in Victoria Oil & Gas have hit an all-time low of 15p after the Kazakh-focussed company announced that a recently-drilled well on the Kemerkol property had failed to deliver oil in economic quantities. Victoria has now put its entire drill programme on hold as it seeks to re-evaluate existing data.



This review will not be completed until the first quarter of next year, so there will effectively be a pause in exploration newsflow from Kemerkol. The good news is that production has picked up; the two producing wells at Kemerkol are now yielding about 300 barrels a day, and there is potential to \'significantly increase\' this by raising the pumping rate.

That\'s important, because Victoria certainly needs to increase revenue. Exploration at its potentially large West Medvezhye project has also run into difficulties, and the group has to pay interest on some 11.5m worth of convertible loan stock. The interest rate on that debt went up in April, to 6.25 per cent.

The bonds come up for conversion or redemption in 2009. With the shares at such lowly levels, conversion is unlikely, so the company will almost certainly have to refinance them. It had around $6m, or 3m, in cash at its last results.


--------------------------------------------------------------------------------

IC VIEW:
HighEnoughIt\'s unfortunate that, with oil prices at record levels, Victoria Oil & Gas is having such trouble proving up reserves. Given the slow operational progress and the uncomfortable finances, high enough

OILBARREL 1/11/2007

Victoria Oil & Gas Struggles With Kemerkol Exploration Wells But Can Reported Increased Production From The Kazakhstan Project...

It has been a difficult year for AIM-quoted Victoria Oil & Gas and this week its shares took another tumble, slipping 2.75 pence on Tuesday to close at 17.25 pence. This is well down on the 81.5 pence a share of a year ago and a mere fraction of its highs back in early 2006 when the share price was trading above 250 pence.

Troubles have mounted because of cash shortfalls and poor drilling results on its projects in Russia and Kazakhstan. A new management team was brought in at the start of this year and new CEO Tony Porter said the focus for 2007 would be the Kemerkol oilfield development in Kazakhstan, which offered the best route to early production and near-term cash generation.

Kemerkol, which lies in the Atyrau Oblast, came onstream in March 2006 and the company hoped to ramp up production to 1,800 bpd by the end of that year. But cash constraints meant the company struggled to rework and rehabilitate the field and production has since limped along at around 50 bpd. When Porter came onboard earlier this year, the company said it would drill six new wells over 2007 to deliver short-term production of 500 bpd. This target was far short of previous production goals but had the merit of being realistic and, the company hoped, achievable.

It has been a rough ride, however, and with five of the six wells drilled production is still languishing short of 500 bpd. Things started promisingly when, back in May, the first of the six new wells, Well 73, exceeded expectations, flowing some 450 barrels of oil per day. But then things took a sour turn, with the first well in the previously untested eastern section of the block, Well 62, proving sub-commercial. In August Well 72, drilled to a total depth of 1,279 metres to further appraise the aerial extent of the producing reservoir in the western section of the block, was also found to be sub-commercial while the following month saw Well 70, in the southern portion of block, yield only water. Now it seems the fifth well in the programme, Well 66, also in the eastern section, is a duster.

The company has now decided to delay the final well in the drilling programme until it has re-evaluated the seismic data. It hopes to better understand the trap and seal mechanisms in the field, especially the sealing capacity of the faults. This appears to indicate that the company is sitting on a more geologically complex and compartmentalized project than first thought, which has implications for prospective resource volumes and the ability to economically extract those volumes. This data review, which could see some previously identified prospects being shelved, is expected to be completed in the first quarter of 2008.

Porter put a brave face on the news from Well 66, which was targeting a different play concept from previous wells on the block. We have found oil in all the wells we have drilled, which shows that the source rock for hydrocarbon generation is present throughout the field, he said. The challenge now is to concentrate further evaluations on trap and seal. The licence block covers a large area of 65 square kilometres and still has significant potential for future discoveries.

The good news this week is that production from Well 20 has doubled to 50 barrels of oil per day and the combined output from Wells 20 and 73 is running at 300 bpd. The company believes this rate can be increased significantly by increasing the speed and capacity of the pumping equipment and water shut-off operations.

While Kemerkol has been the focus of activity this year, the company is still sitting on a potential company-maker of a project in Russia. The West Medvezhye gas and condensate project is a 1,224 sq km licence area in Western Siberia and home to 26 identified prospects. Independent reserves auditors DeGolyer & MacNaughton give the project an estimated prospective resource volume of 1.1 billion barrels of oil equivalent.

However, the first exploration well on the block, Well 103 in the central part of the block, is something of an enigma as lost completion fluids impeded a flow test. Testing operations got underway in January, when the well initially flowed 350 bpd of light oil. But the company had to recover residual completion fluids from the wellbore some 20 cubic metres of which remains downhole and pressure readings indicate the reservoir is significantly over-pressured. To displace the remaining completion fluids, the company plans to circulate condensate into the wellbore in order to establish regular flow and help calculate the recoverable reserve volumes for the structure around Well 103. Beleaguered investors will be hoping for some much-needed good news.

http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1193905239&feed=oilbarrel_en

I'm quite astonished there are still people expecting this to return anywhere at all soon.