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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

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.

take a look at NPE.. I bought in a couple of weeks ago..could do well! (imho, dyor etc.)

take a look at NPE.. I bought in a couple of weeks ago..could do well! (imho, dyor etc.)

Final results out.

Up 25% today, on Well 103 news leak, must be good.

double post in haste

Victoria is hoping to issue an update on well 103 at west medvezhye before the end of the year, but they are waiting on a communication from the ministry of natural resources. Presumably this commuinication is approval of the data and calculations of recoverable resources.

Really like the look of that news, for a bombed out stock like Vog to get
big support at quite a premium to the current price.

I know from memory what this stock is capable when sentiment is good
so i'm more than happy to pay 12.25p for stock.

I bought at 26p years ago and sold above 150p.

Dilution indeed but does not stop the price from rising when support comes in.

LONDON (Thomson Financial) - "Victoria Oil & Gas PLC said it has agreed to raise about 20 mln stg through an equity placing of shares and issue of convertible loan notes.

The company has also agreed terms for the repayment and conversion of its outstanding 18.75 mln stg secured convertible bonds in the company due 2009.

The proceeds of the placing and the notes will be used to finance the company's current working capital requirement, its on-going development operations at its West Medvezhye gas and gas condensate exploration project in Russia and the Kemerkol oil field in Kazakhstan and partly to redeem part of the existing bonds."

Also think of how many big hitters have been shorting Vog, with a new investor
happy to pay 15p and the small punter buying there could be a real squeeze
here, just like the old days in Vog.

Looks like the squeeze is on shorters beware!

12p offer to 17.5p bid in a few days is a miracle in these markets !

Praise the lord for giving me a much needed winner :-))

iterim results out on fri 28th

janet the results were issued a few weeks ago,it is the agm on the 28th

thankyou for that woodie

relatively speaking, VOG have staged an impressive recovery in the last week or so ..... the big Q as always, is whether or not it has any foundation or whether it is just a some bears realising their profits made over recent months, with a few sheep(?) then jumping on board because they see some upward movement.

Baa Baa did you miss the boat cynic!!

no .... glad not to have even attempted to jump on board ...... lost plenty of money on this little gem a year or so ago, cutting my final losses at about 85/90

janet no probs
Victoria Oil & Gas PLC
30 November 2007



Victoria Oil & Gas Plc


30 November 2007


Victoria Oil & Gas Plc
(AIM: VOG)
Preliminary Announcement of Results for year ended
31 May 2007


Highlights

Testing of Well 103 at West Medvezhye gas and gas condensate asset in
Siberia, Russia, nearing completion
Steady production of around 400 barrels of oil per day from Kemerkol oil
field in Kazakhstan

Appointment of Renaissance Capital, the renowned emerging markets
investment bank, as financial advisors to the Company as part of a
comprehensive internal review

Focus for 2008 to include strengthening management, improving drilling
success rate at all operations and acquisition of at least two value
enhancing projects with proven reserves and production



For further information please contact:
Kevin Foo / George Donne Jonathan Charles / Ed Portman
Victoria Oil & Gas Plc Conduit PR
+44 (0)207 921 8820 +44 (0)207 429 6607
+44 (0) 7733 363 501

Toby Hayward / Oliver Griffiths
Jefferies International
+44 (0)207 618 3500


Chairman's Statement

Dear Shareholder,

Since the Company listed on AIM in July 2004 we have seen many changes in the
markets and in our FSU operating environment. In this period our key successes
have been the acquisition of the potentially very large West Medvezhye gas and
gas condensate project in Russia and the Kemerkol oil project in Kazakhstan.

At West Medvezhye we have completed three exploration wells and are currently
working on the fourth, number 103. This has shown modest condensate and light
oil flows, which may or may not be economic. Importantly, our technical team
demonstrated its ability to drill and complete successfully its first deep well
to depths below 3,800 metres.

At Kemerkol, we have completed five out of our original six well drilling
programme and current production is a steady 400 barrels per day. We hope to
increase Kemerkol production in 2008 with the eventual goal of covering all
Company overheads by income from this property.

Early in 2007 we appointed Tony Porter as Chief Executive Officer and his
detailed report is attached. Tony was tasked with cutting costs and increasing
revenue and he has successfully achieved this in a short time. Tony intends to
finish up at the end of the year once his contract expires as he wishes to focus
on his consulting business. We have already had discussions with a number of
high-quality candidates for the role of CEO and I look forward to unveiling
Tony's successor to you shortly.


Review

Recently, the Board undertook a fundamental internal review of the Company and
we have reached several important conclusions that I wish to share with you:


Drilling success rates at West Medvezhye and Kemerkol, whilst not below
industry averages, have not met the strike rate that the Company expected
and hoped for. Non-commercial wells not only cost millions of dollars,
they also erode confidence in a company and the share price suffers.
While we strive to achieve our drilling plans as efficiently as possible,
there are no shortcuts to success and if further evaluation is needed we
will do so, as can now be witnessed at Kemerkol

There has been pressure on the Company to drill wells as fast as possible,
usually to meet weather windows, to test structures and potential
hydrocarbon flows whereas more considered evaluation of seismic and
geological data may have improved the strike rate

Operating in the FSU had become more difficult, with major challenges
involving weather, local and federal politics, but our teams have met
these challenges well and as a net result we feel that Victoria is more
'battle hardened' than before

Financing of the Company, via a $38 million convertible bond in late 2006
was a welcome contribution, but it is in the long term interests of the
Company to re-organise this component of our financial structure to more
traditional equity

Despite reviewing dozens of projects we have not succeeded in making
any appropriate acquisitions. The reasons for this often involved the poor
quality of data and projects, unrealistic expectations of vendors and the
failure of projects to stand up to due diligence investigations

Full time executive management and a strengthened technical group is
needed to ensure focus, attention to detail and a better ability to
support our acquisition teams

So, what is the Company doing about these issues? We are actively solving them
and your Company is now undergoing a 'top to bottom' review which involves
assessment of all of our physical and human assets, the major challenges
confronting us now and how we can improve our success rate in drilling and
increasing production and new deal flow.

To assist us in this review, we have appointed the internationally renowned
emerging markets investment bank Renaissance Capital as our financial advisors
as we investigate all elements of the Company. Renaissance is a premier Russian
financial advisory house and leads the market in equity and debt capital market
transactions as well as having unsurpassed experience in mergers and
acquisitions not only in Russia, but also in the FSU as well as other high
opportunity emerging markets.

We are committed to ensure that the development strategy which emerges from this
review will have the greatest chance of enhancing value for you and that any
financing for our prospective activity during the coming year will be closely
tailored to shareholders interests.


Outlook

I would remind shareholders that Victoria's prospective resource base remains in
excess of one billion barrels of oil equivalent. It also has C1 and C2 proven
and probable reserves totalling over 35 million barrels of oil. However this
potential has not yet been realised so I see 2008 as a critical 'turnaround'
period for us.


Our objectives for 2008 are to:

Restructure and strengthen Executive and Technical management, who are
tasked with turning this potential into reality

Re-finance the Company by changing existing financial arrangements and
attracting appropriate strategic and industry investors that can ensure our
financial strength under all market conditions

Focus on improving our drilling strike rate at West Medvezhye and Kemerkol

Use our hard-earned FSU project acquisition, operating and management
experience to better advantage

Acquire at least two value enhancing projects that will add production
and reserves and not greater exploration risk

Strengthen the Board with high quality non- executive independent directors

Improve our investor relations skills and build our profile to attract
more investors


I would like to extend my thanks to all of our employees and my fellow Directors
for their endeavour this year and also thank you, our shareholders, for you
patient support.


Kevin Foo
Chairman