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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

That must be the longest sentence of the year.

Well done Cellby.

thanks hope it flowed for you.

it flowed as well as the oil

Dil + Babycakes ect: ADVFN down for maintence so expect a lot of de rampers over here.

thx for that kiwi, keep up the good work, and glad you post here can get to read it easy with having to go though the crap on adv bb.
tonys

Kiwi7,
Excellent deconstruction of the Daily Mail article, well done!

Amities / l have always believed a share should be suspended during a fund raising exercise as it allows what is, in effect naked shorting. Ex Yukos highfler Vice President , Bill Kelleher, runs the show here. The man has spent 25 years in the employ of almost " a Whos who " of oil companies with 15 years concentrating on the Russias . Foo is in the genre of Teeling with his hand in many pies ( and decent companies ). Asking around those who knew Kelleher he is a smart operator . Believed to have been offered employment by a number of Russian oil companies he was quoted in the FT as saying he wanted to be given the opertunity to run his own show. .... Regarding the contraversial revision of c1/2/3 deposits in the West Medvezhye . l cant see where the problem lies as the abundance of drilling information taken on the second attempt was not originally available when the first estimates were undertaken . Due to this fact it it clearly states in the appendix ( note 1 ) of the last AGM that "An internal technical review is expected to refine these estimates as part of the 2005 SIG development plan " and which "D and M" strongly backed as they themselves believed they had acted a tad conservatively in the light of a number of companies being prosecuted in their exaggerating reserves . Revisions are commonplace . Common practice . SIG is Sever'gas from whom Vog bought 76% of the west Medvezhye acreage; a consideration satisfied by $8m in cash, and a furthur consideration of 4,759,314 shares . Thus not forgetting SIG have a substantial 25 % wrapped up in this VOG deal ( $3.4m mil - so a j/v by any other name.) and know support for VOG exists from a number of hefty institutions. What with revenues from oil and esp gas companies doubling and tripling during the past 12 months it is obvious after a session of number crunching with thier nomad, financial advisers and analyists that SIG assessed it would be pure folly for them to accept monies as opposed to shares whose potential is known to most in the industry to be collasal ..........................But lets face it . SIG would be highly UNLIKELY to accept over 4.5 mn in shares in a company they believe to be without merit or decent returns . They have proven C1 reserves at Kemerol of 8.7 barrels with c2 of 25 and c3 of 60. .The double entry well scheduled for spudding in January is a mere 9oo feet to deposit as opposed to the 22,000 feet BP drill in the Atlantic off west Africa.VOG have said e will capture the shut in oil @ 475 blls pd initially raising it to 2000 blls p/d in summer . . The botch up reg RNS hardly affects the drilling or prospects of VOG . Perhaps tilttillating for the Financial press. But nothing more . . Nothing more than a storm in a teacup wich will soon be forgotten . But in the meantime a great army of folk will have been frightened "out" of the market. For Vog are lucky in that there exist a number of city connections from which to raise capital - as most in the industry know that in all probability its aworld class resource find . . ...This nonsense of VOL being a victim of cashburn is a bear trap . lt smacks of desperation ..- a set of medium sized fields with 5 to 8 wellheads wont have have a cashburn of $40,000 a day but a single wellhead -NEVER !!! ...and typical of the mails man whose reckies are at best crap . SIG know VOGS prospects , books and staff beter than anyone . Thus illustating the revision was planned as early as the AGM . Skipping through my "Alexanders gas and oil connections " { not exactly my usual reading matter at 3,500 stg per copy . But maps showing Vogs EXACT acreage in the finest of detail it appears more like a simple bolt onto Gazpoms " Urengoy" field with both the, "Yamal" furthur to the north and and Gydan fields to the immediate north east. . . Furthur North is the Kara sea ( estimated to produce 300 trillion cubic meteres of gas . Exploration here has already revealed 12 basins of gas -of which the biggest at Rusanovskoye and Leningradskoye are estimated to contain between 5-6 trillion cmg To the east lies the vast Vankor gas fields in the Turukstan region of the Krasnoyarsk whose C1 { YES - C1 ! } reserves total an unbelievable bpoe of 41 million TONNES ! {7,375 barrels of condesate equals a single tonne ! }and C1 reserves of 28.2 trillion cmg. {And that ws based upon revision of original estimates as more and more drilling data became available to be collated . Within 150km of the biggest Gazpom owned fields at Shtokmanovskoye , Piltun Astasakoye, Lunskoye and Priazlomnoye lies Vogs acreage . And finally to the immediate south lies nine "new" fields which have made neccassay the construction of a huge gas and oil complex at the rail terminal at Surgut. lncidentally the railway and river systems are absolutely ideal to VOG - whether by sea , by rail , or via pipeline which conviently would only need a small rail spur,or link up piping and thearby gain access to the more lucrative markets of France and Germany and the UK The odds you are burning Russian gas to heat your home is highly probable. . ........ So are The odds of having a plethora of over 80 producing wells to the North , South , East, and West all within 20 to 150 KM proximity and FOR Vog to come away empty handed would be something of a phenomena. Snatching defeat from the mouth of victory ?? ..Could all the analyists at "D and M" and all the other independant assayers all be wrong ? ....For 30 years Russians knew of this oil.From the the murmansk, the kara sea ,the Lapter sea right through to the Barents sea .the whole russian shelf is a bed of oil ; but they lacked not only both the capital and technology to get it out but it was against an envoronment of oil at a few dollars a bl and that was refinery price ( Presently they pay 41,29 c ) Yet one would think looking at many BBs that Vog was going broke . Utter tosh ....of the worst kind . .......

FC, great post, thank you. A long termer and not the slightest bit worried.

Up 10% this morning but I've found no new information since yesterday. Anyone know the reason? Is news expected today?

Has a placing price been decided upon and info leaked??

Just more ramping and on alternate days deramping... Wait for concrete news and dont try to catch this falling knife...Been in a lot of dodgy shares over last 2 decades and can spot when the news flow too enticing and not too much to back it up. If really worth pounds a share there will be plenty time to hop on board... Dont be too greedy and bide your time for now

Seems to me that the placing price is going to be 90 to 100, and thats why certain people want to see this share down to 70 to 80, Don't forget E K is long at 107p so they say.

ianwas - sound advice - thanks

great stuff tfc, posted it on the adv bb hope you dont mine
tonys

Amities / From what i hear it is not the price of the placing that has neccassitated this delay which smacks of amateur PR -but rather the markets uncertainity of the scale of the placing combined with both "get rich" and" scare mongering" tactics .Also arisen as a matter is whether to keep the placing earmarked for those institutions who forked out an additional 5.6 million in October 2004 immediately following the lPO in July which was oversubscibed and successfully raised the required 10 million for the West Medvezhye acreage with ease. West Medvezhye will be a company maker . But every great company has a moment in its momentum which makes right the conditions and prerequisites for that "company maker " to become a realization . . . ...With a drilling platform slotted for early January to remove from the very shallow ( 900 ft ) PROVEN - YES ! PROVEN C1 reserves at Kemarol of 8.7 million barrels ( C2" @ 25 million barrels and C3 estimated @ 60 million bbls) coupled with contracts signed with Smiths in DEC to provide support services for this project does not give the usual impression of a company in trouble . Once the placing is made known by RNS the company will be measured by its merits as opposed to being used as late as a tool of MMs . From a trading vantage point you cannot be greedy with VOG . lts candlestick chart gives little away and illustrates perfectly that the market has NO idea of where the s/p is going . Best prospect is CFDS with high volume looking for a small percentile movement ,,,,,, l very rarely invest, and even then only in junior oil and gas companies and various mining outfits; and VOG is one i am prepared to ignore the percentages and play the odds ......Everyone knows thier financial position best , and as IANWAS suggests, sometimes it is best to keep your powder dry and make your move as more information finds itself into the public domain and s/p rises in response to that . And not on the back of pure speculation . .... .... { For the record i currently own 50,000 @ 88p ....@+ J........

Good post Ian. I know you speak from experience. I predicted 50 p a couple of weeks ago, and I take no joy in it nearing this target. This is in my humble opinion a classic case of post-news drift. Buyers are left feeling frustrated because they missed it rise the first time and so are in at the top. They're upset it's going down and are trying to justify the mistake they made in buying by sticking their head in their sand. Me thinks the ladies protest too much! They may be right, we will see. Maybe it's better to look for shares that haven't trebled yet but could do so and spread some money between these.

I sincerely hope it comes good,saint serf.

you need to be very careful with this - following and very noticeable that at the first hint of selling , down goes the bid - seems they just don't want any of them

in for 112000 of these now like the story.

Tanker,
EEL is another story you might like.

I like the story but am not ready to commit funds yet. I'm not convinced we're done with the fallout and would like to see a few days close over 80p, otherwise it's 70p.