niceonecyril
- 24 Jul 2005 15:48
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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
700202
- 09 May 2011 11:46
- 2298 of 2511
Thanks cynic,I thought back in late 2008 to late 2009 it was me who was a clever arse and I turned 200k into 450k dealing in some of the stocks you mention.
Since then I have just found it hard work whereas I make afew quid then give it back in the next deals.It is like borrowed money.
I am just thinking that I am wasting my time,do you think people make any money dealing or just kid themselves.
I was dealing long no shorting but over short periods ie 1 month periods
cynic
- 09 May 2011 11:57
- 2299 of 2511
i work with CFDs but not quite so scary for me as for one reason or another, i am in front of my pc throughout the working day ..... CFDs are undoubtedly scary because of their gearing but, unlike SB, they do not have time limitations
i am certainly an active trader (same as an investor actually!) but if i think it's right, i'll buy or sell but equally have no qualms buying back in even if the price is higher but circumstances have changed
this i have done with XEL, and equally sold and bought back in lower ...... ditto BLNX and TLW and PMO and i'm sure others too
700202
- 09 May 2011 13:27
- 2300 of 2511
Sounds like i am doing the same ,I am into CFD now and treat it as job,I do like the tiddlers,then get my fingers burnt and head for blue chips and sit and wait,but it is like watching paint dry.
When I got the big money the market was very volatile and I was buying shares not cfd I made some big money,but also increased Charles Stanley profit that year by 78k.
I just get so frustrated now.
cynic
- 09 May 2011 13:28
- 2301 of 2511
you will note that my portfolio holds many companies that do not remotely classify as minnows
700202
- 09 May 2011 13:41
- 2302 of 2511
I was not passing a comment on your portfolio just indicating I like the volatility of small cap.
I am sounding like a whinger so I best stop, but thanks for your comments
cynic
- 09 May 2011 13:49
- 2303 of 2511
it was never taken as such, but commented merely so you knew i try to balance my portfolio with "proper" stocks ...... some of these minnows are far too scary, not least because so many are MM only and thus quite easily manipulated - cf XEL
HARRYCAT
- 18 May 2011 10:32
- 2304 of 2511
StockMarketWire.com
Victoria Oil and Gas expects gas sales by the final quarter of 2011 from its new field in Douala, Cameroon.
It has signed a 25 year exploitation licence, with an option to extend for an additional 10 years.
No delays are anticipated in executing the project to cost, quality and schedule targets, according to the company.
colombo
- 18 May 2011 10:57
- 2305 of 2511
This stock seems to have a lot going for it, why is it still only 5p?
maestro
- 18 May 2011 14:52
- 2306 of 2511
because MMs are zionist crooks...end of...should be strung up imho
cynic
- 18 May 2011 20:35
- 2307 of 2511
because the company is CRAP ..... which bit of that do you not understand but choose to delude yourself with conspiracy theory without any foundation whatsoever ... grow up!
HARRYCAT
- 25 May 2011 08:00
- 2308 of 2511
Application for Listing of shares and Directors' shares interests
Victoria Oil & Gas Plc announces that a total of 3,880,027 shares have been allotted to certain Directors and employees in lieu of cash salary for the six month period ended 31 January 2011 at a weighted average month-end market price of 5.0 pence per share and a further 302,270 shares have been allotted to an employee for the period from 1 February 2011 to 31 May 2011 at a weighted average market price of 5.1 pence per share. These shares have been allotted in accordance with the terms of the Directors and employees respective employment contracts.
In addition, 30,600,000 new ordinary shares have been allotted to certain of the Company's advisers and suppliers in lieu of cash payments.
skyhigh
- 09 Jun 2011 22:08
- 2309 of 2511
Crap share but will buy more when it goes sub 4p
aldwickk
- 10 Jun 2011 08:59
- 2310 of 2511
If its a crap share at today's price why would it not be one at sub 4p ? would it be cheaper crap.
HARRYCAT
- 10 Jun 2011 09:06
- 2311 of 2511
I believe there is 'cheap crap' as opposed to 'expensive crap'.
I (sadly) have a few stocks which perfectly illustrate this!
required field
- 10 Jun 2011 09:10
- 2312 of 2511
Frankly the sp is more crab like now than crap.....gas sales by end of year.....
maestro
- 10 Jun 2011 18:57
- 2313 of 2511
been told MMs want 3.5p...hold ya fire until then...reliable sauce
ptholden
- 10 Jun 2011 19:39
- 2314 of 2511
HP?
HARRYCAT
- 13 Jun 2011 08:42
- 2315 of 2511
StockMarketWire.com
Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and production company with assets in Cameroon and the FSU, has executed a contract with a Cameroon civil engineering contractor, Austin Maritime, for the site civil works and the pipeline trenching, jointing and installation at Douala.
The contractor mobilised on 31 May and its offices, containers and equipment have been moved to site where excavation commenced on 11 June.
The Company has also mobilised horizontal drilling and high density polyethylene pipe, jointing experts and a pipeline engineer from the UK.
These personnel will supervise and train staff from Austin Maritime in HDPE pipeline jointing, installation, testing and commissioning procedures.
Pipeline installation is scheduled to commence before the end of June and involves three construction teams and a horizontal drilling team to complete fourteen horizontal sections.
The project schedule envisages completion of 100 metres of pipeline per day although rates of up to 200 metres per day are achievable in certain circumstances.
All the equipment required to deliver first gas to customers is now in Douala, either at the EXPRO site, (operators of the processing plant,) at the Douala Port or at VOG's site at Logbaba.
markymar
- 13 Jun 2011 09:02
- 2316 of 2511
FOX DAVIES FLASH NOTE
Victoria Oil & Gas plc (BUY, 0.12) (LON:VOG, 4.24p, ▲ 2.66%) announced that the Company has executed a contract with a Cameroon civil engineering contractor, Austin Maritime, for the site civil works and the pipeline trenching, jointing and installation. The contractor mobilised on 31 May and its offices, containers and equipment have been moved to site where excavation commenced on 11 June. The Company has also mobilised horizontal drilling and high density polyethylene pipe, ('HDPE') jointing experts and a pipeline engineer from the UK. Pipeline installation is scheduled to commence before the end of June and involves three construction teams and a horizontal drilling team to complete fourteen horizontal sections. All the equipment required to d eliver first gas to customers is now in Douala, either at the EXPRO site, (operators of the processing plant,) at the Douala Port or at VOG's site at Logbaba. The Company has also commenced work on the production trees and baseline caliper logs of the wells to prepare the wells for commissioning. This work will be complete at the end of June. The Company currently has 11 gas sales agreements ('GSAs') signed and executed together with a further 10 GSAs which have been contractually agreed subject to legal due diligence and final approval. Gas supplies in all contacts are priced at $16 per million British thermal units ('btu') or $96 per barrel of oil equivalent. The Company expects gas sales of 8 mmscf/d in the first year of operations rising to 44 mmscf/d by the end of 2014. The pipeline has a capacity of 60 mmscf/d, which is of sufficient size for the Douala industrial market over the medium term. Condensate separated from the gas at the process plant will be stabilised and stored for transport to the Sonara refinery at Limbe in Cameroon. Condensate production is forecast at the rate of 20 barrels per million cubic feet of gas. Logbaba's current proved and probable reserves of 212 Bcf are sufficient to supply an average consumption of 30 mmscf/d for the next 20 years. In the longer term, as further reserves are proven, gas may be supplied to large gas fired power stations connected to the grid, with either VOG investing in an independent power producer joint venture or selling gas to third parties. The Company also announced revised internal economic forecasts for the Logbaba gas and gas condensate field. The post-tax net present value discounted at 10% net to VOG for 2P reserve category is US$406 million.
HARRYCAT
- 19 Jul 2011 08:47
- 2317 of 2511
StockMarketWire.com
Victoria Oil & Gas has increased its effective working interest in the Logbaba gas and gas condensate field in Douala, Cameroon to 95% following the serving of a Notice of Forfeiture on 18 July 2011 on RSM Production Corporation which previously had a 38% interest in the Logbaba Concession.
The activities at the Logbaba Concession are regulated by a number of legal agreements between VOG's 100% subsidiary Rodeo Developments Limited and RSM which cover various operating and legal matters including the obligation for RSM to meet appropriately evidenced cash calls raised by RDL for the costs of development and operation at the Logbaba Concession.
RSM failed to make payment under a cash call made on 15 June 2011, and a notice of default was served on 2 July 2011. As RSM failed to rectify the default, RDL has served Notice of Forfeiture in accordance with the Operating Agreement between RDL and RSM. The effect of this is to require RSM to withdraw from the Agreement and transfer RSM's former interest to RDL.
As announced on 6 May 2011 SocietNational des Hydrocarbures, has indicated that it intends to exercise its right to take a 5% participation in the Logbaba Concession, and will pay its share of development costs. Following the forfeiture VOG, through RDL, will have a 95% interest and SNH will have the remaining 5% interest.