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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

hali - especially for you - a comment re luddites on AFR thread

Business Financial Newswire
"Victoria Oil and Gas says the first well at its Logbaba project in Cameroon has been logged and completed, along with the first-ever production well in the onshore Douala Basin.

Chairman Kevin Foo said in a letter to shareholders that Victoria 'now leads the field in the onshore development of Cameroon's huge hydrocarbon potential'.

He added, 'As we are drilling our second well and soon begin to test our first, we are laying the cornerstones of our integrated strategy for marketing and monetisation of the resource.

'We still have a great deal of work to do before we see first revenues but there will be no let-up in our dedication to the project.

'Delineation of the resources from the passive seismic spectroscopy is obviously excellent news and highlights that the true potential of Logbaba is still to be discovered.'

A planned gas pipeline would be financed with debt or trade financing. Once data from testing was available, the company would be able to complete the engineering design of the gas processing facilities and pipeline to take its production to the market "

Business Financial Newswire
"Victoria Oil & Gas has raised 14m through an equity placing to institutional and private investors at 3.25p. The company says the initial offering was 40% oversubscribed.

It will use the funds to complete drilling and testing operations at Logbaba, Cameroon, and seek fast-track solutions for revenue generation.

Victoria says the money will also be used for further passive seismic spectroscopy and geochemical surveys at the West Medvezhye gas field in Siberia.

Chairman Kevin Foo said, 'The over-subscription and the interest of major institutional investors into our company vindicates our belief that VOG is managing its assets correctly.'

Testing is under way at Logbaba Well La-105 with full results expected to be available in early Q2, while La-106 drilling is on schedule.

The company has contracted a major international engineering firm to explore opportunities for early revenue generation in addition to the full-field development.

It has signed in-principle agreements with selected customers for around 8m standard cubic feet of natural gas per day. "

Give it another 2/3yrs and maybe, just maybe, we MIGHT see a much higher sp that we have now...(pigs will fly)...on the other hand, it might go bust...might buy a few more to average down if it goes below 3p

load of shit .... good for my tomatoes only

agree there mr. c ...not only would pigs fly but need a radar designed by NATO to fly anywhere but south.......Feel positively sorry for your tomato crop.................your toms ? How much per kilo ?....edit

TFC

He's a amateur , he uses grow bags.

very good italian tomato whose name i forget, but not plum (roma)

naaaaah Roly ,Mr C would never consider using grow bags. Too much of a purist. Surprised they arnt plum though ( roma )

Test results from Well La-105 at Logbaba Gas and Condensate Project, Cameroon



Well La-105 tests at rates in excess of 55 million cubic feet of natural gas and 1,000 barrels of condensate per day (together approximately 10,000 barrels of oil equivalent per day) between depths of 7,005 - 8,500 feet from Lower Logbaba and Upper Logbaba D sands

Production rates from these sands confirmed as being sufficient to satisfy industrial demand in Douala with Upper Logbaba A - C sands yet to be tested

Reassessment of independent reserve estimates for the field expected in Q2 2010

Exploration permit for Logbaba extended for a further six months until 20 August 2010



Victoria Oil & Gas Plc, (AIM: VOG), the oil and gas exploration and development company with assets in Cameroon and the FSU, is pleased to announce preliminary results from testing operations at Well La-105 at its Logbaba gas and condensate project ("Logbaba") in Douala, Cameroon.



Well La-105, the first well drilled by VOG at Logbaba, was completed to a depth of 8,700 feet in early January. Commencing on 22 February, multiple pay zones were tested over a period of two weeks at depths between 7,005 - 8,500 feet. Over the testing period, various zones of La-105 flowed at rates between 11 - 56 million standard cubic feet per day (MMscf/d) of natural gas and 210 - 1,000 barrels per day of condensate. Flowing wellhead pressures varied between 2,750 - 4,552 psi. The theoretical Absolute Open Flow (AOF) capacity for the well is 90 MMscf/d. The gas is sweet, with a high calorific value and the condensate has an API gravity of 47 degrees.



The test covered horizons of the Lower Logbaba formation, which had not been tested before, and the Upper Logbaba D sands. The Upper Logbaba A through C sands, although indicated as the best quality hydrocarbon-bearing sands encountered in the well logs, were not tested as the well indicated more than sufficient production capacity to meet initial gas demand of 8 MMscf/d. The Upper Logbaba A - C sands will be perforated and added to the completion interval when required for production.



Analysis of the pressure transient and production log data is underway and fluid pressure-volume-temperature (PVT) samples taken at the test separator are being sent to the laboratory for further study. When the Company has completed its full interpretation of the test results, including those from well La-106, and integrated the results of the passive seismic spectroscopy survey conducted last year with the new well data and the limited 2D reflection seismic shot over the field by Elf, it will pass its findings over to independent reserve auditors for a reassessment of the 104 billion cubic feet proven plus probable reserves estimate made in 2008. Completion of the VOG interpretation is anticipated by early Q2 2010, with the independent review estimated to take a further 4 - 6 weeks.



Chief Operating Officer Radwan Hadi said, "La-105 has much greater deliverability than we anticipated when compared to the previous Elf wells. Part of the reason for this is that we are using far more effective logging and completion technology than was available in the 1950s. There also appears to be additional productive potential in the well that could be realised by hydraulic fracture stimulation of some of the lower quality reservoir sands. We will need to acquire more data to allow us to design and implement a stimulation programme, but in the longer term this could add significantly to the Logbaba reserves."



An extension to the current Logbaba exploration permit has been granted by the Cameroon Ministry of Industry, Mines and Technological Development until 20 August 2010. This extension will allow the Company to complete the drilling and testing of well La-106 and submit the full field development programme.



Chairman Kevin Foo said, "We are witnessing the creation of an important gas utility business in Cameroon. The well test results have greatly exceeded our expectations for La-105. Our first well is more than capable of satisfying the initial industrial demand in Douala of 8 MMscf/d, for which we have already signed in-principle off take agreements at an initial price of $16 per thousand cubic feet. This has been achieved without having to open up the more prospective upper sands."
cyril

Is this more Fooey?

L106 spudded 6th Feb and by the 17th were at 3200 feet and casing. Given this rate, 28th Feb would see us at 6400ft and mid March easily TD assuming no problems along the way. Plus two weeks as we are now end of March we have to be very close to news.

and given VOG's record, is it likely to be genuine if dynamic?

Good-ish RNS this morning.....
Will top up on the dips..will settle @ 3.5p during the summer whe it's all quiet! (imho)..there'll be an initial spike then pull back..always does!

Logbaba

"VOG's second well, La-106 at the Logbaba gas and condensate project ("Logbaba") in Doula, Cameroon successfully reached a total measured depth of 10,509 feet on 17th April 2010. Well La-106 is currently being logged prior to its completion as a development well. The well was drilled deeper than planned due to the better than expected sand quality in the Lower Logbaba sections. Multiple gas-bearing sands were encountered between 5,482 feet and 10,400 feet, which can be correlated to wells drilled in the 1950's. The data obtained indicates in excess of 300 feet of gross pay. Further detailed information on La-106 will be announced after running open-hole logs and completing the petrophysical evaluation. Well flow tests will be run after the casing is set."

Letter to shareholders from Kevin Foo:
http://moneyam.uk-wire.com/cgi-bin/articles/201005050700153282L.html

From shares Mag this week:
"Shares in VOG have fallen 43.7% to 3.2p since the start of 2010 with sentiment hit both by cost & time over-runs on drilling in Cameroon and the dilution from a $53m placing on 1st march. Although these are legitimate concerns, Shares believes that VOG is worth buying ahead of a positive reserve update expected in July.
Part of the reason for the over-runs, which have seen the company double drilling expenditure to $48m and fail to complete it's activity before the end of last year, is that the two wells the group has drilled on it's Logbaba gas project have exceeded expectations.
The second well in particular, LA-106, was drilled to greater depth because, having reached the initial target area, it was still encountering hydrocarbons. COO Radwan Hadi said it would have been 'criminal' to stop drilling. The 48m business is analysing the results from both wells & hopes to get a reserve update from independent auditor RPS Energy in the next couple of months - with an aim of getting the field onstream before the end of the year.
The attraction of Logbaba lies in it's proximity to the port of Douala. The industrial market in the city consumes the equivalent of 15m cu/ft per day in high-cost liquid fuels & VOG has signed letters of intent with a number of potential clients to service around half of this market at a price of $16 th/cu/ft gas. It hopes to use the cashflow from this project to fund exploration on it's 'company changer' - The West Medvezhye field in Siberia."

no spaceships required here then. whos are those letters of intent from? the customers or VOG?
regards
jkd

more bs from fooey!

I'll tell you something : if they do deliver on good news : 10p could be on the cards by the end of the year....perhaps more...