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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

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...

This is undervalued...I've been knocking VOG for some time now, but this is looking quite good if promises are fulfilled.

the nub lies in the last phrase ..... kevin foo and frank timis attended the same school; at least arthur daley was good for a laugh

You are kidding...?...

no ..... by accident i have a small holding in VOG ..... the company, like EME, has consistently failed to deliver

3p is very low....don't want to ramp but don't you think that that sounds "very low"..2 gas wells....in gas terms = hydrocarbon terms = 10000 barrels per day tested...coming on line 4th quarter...30 million cap.....

if u want to believe anything they out out, then maybe ..... seems to me that foo and his pals are very good at lining their own pockets

There could be a very substantial jump in the sp upon publishing the much awaited reserves update in a few weeks time.

then again......? who knows!

At first glance it seems like a good update....

Reviewof the Company's activity over the last quarter.

Highlights

Second well, La-106 is flowing gas from the Lower Logbaba sand intervals. Well currently being flared to clean-up ahead of testing

First gas on schedule to customers in December 2010

Significant reduction in anticipated capital expenditure for achieving first gas from US$30 million to US$7 million

Gas processing plant contract awarded, with pipeline contract to be awarded shortly

Updated gas marketing study indicates significantly higher demand - binding contracts being signed.

Logbaba Exploitation Licence pending with full support of Cameroon State Oil Company (SNH)

Reserves upgrade by independent engineers expected in Q3 2010

Initial findings of Gas Tomography Survey in West Medvezhye indicate three new structures"

Not a bad update....undervalued this VOG perhaps ?.