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
Andy
- 04 Aug 2011 23:53
- 2318 of 2511
The directors of Victoria Oil & Gas (AIM: VOG), Iofina (AIM: IOF) and Sound Oil (AIM: SOU) will be presenting: Thursday the 25th August 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)
The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.
FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/119
This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.
The event is not suitable for people pursuing commercial opportunities.
If you have any problems registering or queries please email events@proactiveinvestors.com
Andy
- 15 Aug 2011 13:30
- 2319 of 2511
Event update - Please note change of venue!
-----
The directors of Victoria Oil & Gas (AIM: VOG), Sound Oil (AIM: SOU), SacOil (AIM & JSE: SAC) and Gulf Keystone Petroleum (AIM: GKP) will be presenting:
Thursday the 25th August 2011,The May Fair Hotel, Stratton Street, London, W1J 8LT (Crystal Room)
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.
FREE registration : http://www.proactiveinvestors.co.uk/register/event_details/119
This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.
The event is not suitable for people pursuing commercial opportunities.
PLEASE NOTE: PLACES WILL BE LIMITED, SO PLEASE REGISTER TO AVOID DISAPPOINTMENT.
HARRYCAT
- 09 Sep 2011 08:44
- 2320 of 2511
Chairman's Letter to Shareholders
Dear Shareholder,
It is my pleasure to provide you with an update regarding our Company's activity since my last update in May. I have great pleasure in announcing the very good progress we are making at Logbaba and also sharing some excellent news from West Medvezhye.
Highlights:
Logbaba development on schedule for Q4 2011
Logbaba participation increased to ninety-five per cent.
Acquired one third of Cameroon Holdings Limited adding substantial value to the Company
Logbaba internally estimated base case economic value increased by US$270m to US$676m
Prospective resources at West Medvezhye increased to 1.4 billion barrels of oil equivalent including increased oil prospectivity of 670 million barrels of oil
Early production scheme feasibility study for West Medvezhye commenced.
http://moneyam.uk-wire.com/cgi-bin/articles/201109090700089284N.html
halifax
- 09 Sep 2011 11:23
- 2321 of 2511
Harry lets hope this news produces something tangible this time and is not a load of fooey!
skyhigh
- 09 Sep 2011 22:16
- 2322 of 2511
having been in this one since a long while ago (about 6yrs ago i think) and bought a few more a couple of yrs ago... I think over the coming months we'll actually see some positve SP action, dare I say,.... think I might get a few more...
HARRYCAT
- 10 Sep 2011 11:45
- 2323 of 2511
I'm in exactly the same position as you, skyhigh. Bought a long time ago & topped up at 6p'ish, but think I have enough now. Not prepared to risk more.The CEO regularly produces news letters in which he thanks the patient investors, but little seems to happen to reward them.
HARRYCAT
- 27 Sep 2011 08:32
- 2324 of 2511
Equity Placing of 9.5 Million Oversubscribed
Highlights:
Fundraising of 9.5 million successfully placed
First production from 95% owned Logbaba due to commence before year end
Fully funded through to positive cash-flows
Victoria Oil & Gas Plc, is pleased to announce it has completed, conditional on admission, an equity placing of 292,307,687 new ordinary shares ("Placing Shares") at a price of 3.25 pence per share (the "Placing") raising 9.5 million before expenses through Fox-Davies Capital Limited.
The funds raised through the Placing will be utilised by the Company, inter alia, to complete the development of the Logbaba gas and gas condensate project in Cameroon following the increase in the Company's working interest in the project to 95%. It will also fund the final payment to acquire a one third interest in Cameroon Holdings Limited, announced in August 2011. These transactions have considerably enhanced the project economics to the Company, increasing net proved and probable gas reserves by approximately 80 billion cubic feet and the post tax NPV by $270m to $676m.
Kevin Foo, Chairman of Victoria Oil & Gas, said today, "This placing demonstrates continued investor confidence in VOG in very challenging markets. It was completed to finance the increased working interest in Logbaba and pay for the remainder of the acquisition costs in Cameroon Holdings both of which are considerably accretive to shareholders. The funds will enable the Company to achieve first gas production at Logbaba, which remains on schedule for Q4 2011."
ahoj
- 27 Sep 2011 08:45
- 2325 of 2511
When is it going to recover? Any estimate of time, and scale?
WOODIE
- 27 Sep 2011 12:52
- 2326 of 2511
when they stop issuing shares diluting existing shareholders is the first place to start also cash needs to come into the company not via placing etc.
derwent
- 27 Sep 2011 23:01
- 2327 of 2511
Fox Davies analyst Shahin Amini retained its 'buy' rating on Victoria Oil & Gas (LON:VOG) and said the firm's shares were trading at a "substantial discount" to its new core NAV (net asset value) of 8.7 pence. "With the funding issue out of the way, investors can now look forward to the completion of Logbaba gas project and subsequent sale revenues towards the end of this year," said the analyst. FoxDavies targets a price of 13 pence for the shares.
Meanwhile, broker Westhouse said the fundraising meant the firm had been de-risked further. "We maintain that VOG represents excellent value at current levels, and reiterate our 'buy' recommendation and target price of 10.8p," it said.
http://www.proactiveinvestors.co.uk/columns/broker-spotlight/6688/broker-roundup-ophir-tullow-afren-dominion-petroleum-cove-energy-ferrexpo-victoria-oil-gas-game-group-reneuron-epistem-silence-therapeutics-6688.html
skyhigh
- 13 Oct 2011 20:00
- 2328 of 2511
As intimated above (on 9th Sept 2011).... I've bought some more yesterday on the back of all the buy tips that there are around
having been in this one since a long while ago (about 6yrs ago i think) and bought a few more a couple of yrs ago... I think over the coming months we'll actually see some positve SP action.. (imho)
cynic
- 13 Oct 2011 20:40
- 2329 of 2511
if you've been in VOG for 6 years, most assuredly you are badly out of pocket
skyhigh
- 13 Oct 2011 21:23
- 2330 of 2511
not too bad... didn't buy too many back then at 2......500 down but have bought two batches since at 4.2p & yesterday at 3.6p .. so now still only have about 53k shares...hoping for a 3 bagger from here but ... this is VOG afterall!
skyhigh
- 28 Oct 2011 11:04
- 2331 of 2511
Foregot to post on this one last night....
Dare I say it...at last.. things are looking up for us v LTHs ? looking for 12p over the next few months (imho)
Group losses reduced for Victoria Oil & Gas
StockMarketWire.com
Victoria Oil & Gas has reduced group losses for the year - with loss after taxation for the financial year of $4,69m compared to $6.1m for 2010.
It has been a significant year for Victoria Oil & Gas with considerable value added to assets and extensive work completed on principal projects.
Its flagship Logbaba gas and condensate project in Douala, Cameroon expects to commence production this year.
At West Medvezhye, prospective resources are now in excess of 1.4 billion barrels of oil equivalent ("boe"), exceeding the previous estimates by approximately 300 million boe, and including increased oil prospectivity to 670 million bbls.
Across the Company, net reserves have increased by 40% to 52 millionboe and net resources by 30% to 1,594 million boe.
According to the statement from the board 'Shareholders have always supported these investments and it is now the Company's responsibility to return added value to shareholders.'
Kevin Foo, Chairman, commented: Access to capital markets in this economic climate has been challenging for smaller AIM-listed E&P companies.
"In this context, I am very pleased that Victoria has been able to continue exploration and development operations apace, securing additional finance of approximately $34 million in the financial period and reducing our Group losses by $1.4 million to $4.7 million."
At 8:34am: (LON:VOG) Victoria Oil & Gas share price was +0.14p at 3.98p
ptholden
- 31 Oct 2011 17:38
- 2332 of 2511
Not a fan of this company but a clear inverse head & shoulders formed during September, which theoretically is Bullish.
niceonecyril
- 04 Nov 2011 08:10
- 2333 of 2511
mpletion of Acquisition of Interest in the Logbaba Gas and Condensate Project, Cameroon
Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and development company with assets in Cameroon and the FSU is pleased to announce that it has completed the acquisition of one third of a 6.8 per cent. royalty interest in its 95 per cent. owned Logbaba gas and condensate project in Cameroon by making a final cash payment of US$2.5 million.
The royalty interest has been acquired from PR Marriott Drilling Limited ('PRM'), by the purchase of their one third interest in Cameroon Holdings Limited ('CHL.'), the company entitled to the royalty.
As announced on 11 August 2011, VOG purchased 58 per cent. of PRM's shares in CHL for a consideration of US$2.5 million in cash and drilling equipment with an estimated value of US$1 million. The Company has now completed the acquisition of the remaining 42 per cent. of PRM's interest in CHL for a cash consideration of US$2.5 million in accordance with the terms of the sale agreement.
The Company anticipates that the purchase of this one third interest in CHL will increase Logbaba project operating income by about 3 per cent.
Kevin Foo, Chairman of VOG commented, "I am delighted that we have been able to reduce the long term cost of the royalty in this way. Independent analysts who have looked at the transaction believe it will prove to be worth several times the consideration paid."
For further information, please contact:
Victoria Oil & Gas Plc - Tel: +44 (0) 20 7921 8820
Kevin Foo / Martin Devine
Macquarie Capital (Europe) Limited Tel: +44 (0) 20 3037 2000
Jeffrey Auld / Steve Baldwin / Nicholas Harland
Fox-Davies Capital - Tel: +44 (0) 20 3463 5010
Daniel Fox-Davies/ Richard Hail
Strand Hanson Limited - Tel: +44 (0) 20 7409 3494
Simon Raggett / Angela Peace
Tavistock Communications - Tel: +44 (0) 20 7920 3150
Ed Portman/ Paul Youens
Background Information on Victoria Oil & Gas Plc:
Victoria Oil & Gas is an independent oil and gas exploration and development company with projects in Africa and the FSU. The Company's principal assets are the Logbaba gas and condensate project in Cameroon and the West Medvezhye project in Siberia, Russia. Logbaba is located in Douala, the economic capital of Cameroon. The field was discovered in the 1950s and all four exploration wells encountered gas. The Company drilled two successful development wells in 2009/10 and is now installing production facilities and a pipeline to serve industrial consumers of gas in Douala, anticipated to be complete by the end of 2011. The Company received an Exploitation Licence for the development of the Logbaba Field by Presidential Decree on 29 April 2011.
Logbaba has proven and probable reserves of 212 billion cubic feet of gas (35.3 million barrels of oil equivalent) and the Company expects gas sales of 8 million standard cubic feet per day ('mmscf/d') by the end of the first year of operations rising to 44 mmscf/d (7,300 barrels of oil a day equivalent) by the end of 2014. The pipeline has a capacity of 60 mmscf/d, which is anticipated to be of sufficient size for the Douala industrial market over the medium term.
The Company's current proved and probable reserves are sufficient to supply an average of 30mmscf/d for the next 20 years. In the longer term, as further reserves may be 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 the gas to third parties.
Condensate separated from the gas at the process plant will be stabilised and stored for export to the Sonara refinery at Limbe. Condensate production is forecast at the rate of 20 barrels per million cubic feet of gas.
West Medvezhye is situated in the prolific Yamal-Nenetsk hydrocarbon region in Siberia. An independent audit, carried out by Mineral LLC in 2011, estimated prospective resources for the area of over 1.4 billion barrels of oil equivalent. The Company also has a discovery well, 103, with C1 and C2 reserves, independently assessed under the Russian classification convention of 14.4 million boe as approved by the Russian Ministry of Natural Resources.
Reprocessing of 845km of 2D seismic has recently been completed and geophysical/geological modelling is currently underway. In addition, development studies are in progress to commercialise the Well-103 discovery and prospective resources.
niceonecyril
- 04 Nov 2011 08:22
- 2334 of 2511
WOODIE
- 11 Nov 2011 07:05
- 2335 of 2511
11 November 2011
Victoria Oil & Gas Plc
('VOG' or 'the Company')
Director Dealing and Listing of Shares
Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and development company with assets in Cameroon and the Former Soviet Union, announces that the Company has issued 63,500,000 ordinary shares to the Trustee of the Company's Employee Share Ownership Plan ("VOG ESOP"). A further 500,000 ordinary shares have been allotted to an advisor to the Company.
An application has been made to the London Stock Exchange for 64,000,000 ordinary shares to be admitted to trading on AIM and it is expected that admission will occur at 8.00 a.m. on 16 November 2011. Following admission, the Company will have 2,569,016,237 ordinary shares in issue. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares.
In addition, the Company has been notified that on 9 November, Mr Grant Manheim, the Deputy Chairman of the Company, was awarded 4,800,000 ordinary shares by the VOG ESOP, which he sold at an average price of 4.12p per share to cover tax and other financial obligations.
Following this disposal, Mr Manheim remains interested in 1,717,304 shares in the Company, representing approximately 0.07 per cent. of the Company's issued share capital.
HARRYCAT
- 29 Nov 2011 08:49
- 2336 of 2511
http://www.moneyam.com/action/news/showArticle?id=4266297
Logbaba Project Operational Update
Highlights:
The Company remains on schedule for first gas sales by the end of the year
Production Facilities mechanically complete and pre-commissioning substantially completed
Completion of pipeline installation to first customer hub on the Magzi Industrial Estate
Pre-commissioning underway on first 5km of pipeline
niceonecyril
- 29 Nov 2011 11:52
- 2337 of 2511
Harry i've added the rns to the header,under normal conditions i would take a position,but not in these markets.
Good Luck hope it works out.