">
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

When is it going to recover? Any estimate of time, and scale?

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.

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

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)

if you've been in VOG for 6 years, most assuredly you are badly out of pocket

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!

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

Not a fan of this company but a clear inverse head & shoulders formed during September, which theoretically is Bullish.

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.

One of three broker notes.

http://www.fox-davies.com/media/415304/vogflashnote27sept2011.pdfi

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.

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

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.

THE NEW GKP / Drilling for Super Giants (moderated) (GKP)

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frenchboy24 - 11 Feb'10 - 22:18

Welcome to Frenchboy's Gulf Keystone Thread

"It's an oilman's dream!" - TK

First time here? This is IMPORTANT:

Please make sure you read the rest of this header. The thread is moderated and there are some basic rules to adhere to. Please respect other posters even if they have a different view. If you want anything adding to the header then let me know. I work from home and so am around a fair amount to keep an eye on the thread.

IF CERTAIN USERS ATTACK THE BOARD, PLEASE DO NOT RESPOND.

I will add them to the banned list. Blues cannot be moderated, so you must filter them to remove any temptation. If you do engage them, you will have to suffer the consequences.
ANYBODY ENGAGING THEM IN ANY WAY WILL ALSO FIND THEMSELVES BANNED.

Here are the current Blue posters on the Banned List:
ant15, BadBoy911, Cash101, Dalailama, Danielsimmons, hallow, hassani2, ihavenoclue, MakesSense, mallorca9, Munna Bhai, N3tleyLucas, Ninja 19, paragon157, pat mustard irl, pixi, rgolding1978, SAGEM, shares14, SHONNY, sidarthur2, WOOSTER4


I bought into GKP at 15p, I have never traded a single share and am long for the longhaul.

GL All.

Latest updates:

Oct 25: Oil chart to January contract
Oct 13: Added October 2011 Investor Presentation
Sep 23: Oil chart to December contract
Sep 20: KRG Production Sharing contracts published
Sep 16: Added Dalesman's Mammoth Results Interpretation
Sep 14: Added Half Year Report & Strategy and DGA September 2011 presentations
Sep 09: Added Vallares presentation and Tony Hayward interview
Aug 31: Added Todd's latest CNBC interview
Aug 20: Long term stock on loan chart added.
Jul 17: New Dalesman NAV, oil chart to October contract
Jun 17: Upstream article
Jun 16: New AGM Investor presentation
Jun 09: New Investor presentation
May 19: Oil chart to August contract.
Apr 15: New Dalesman valuation, new FD note
Mar 23: Oil chart to June contract, another FD note, tankers picture
Mar 18: New FD note, Shaikan 2 pictures


Charts

Long Term Chart


Fundamental Data
Sector OIL & GAS PRODUCERS
Mkt.Sector ASM8 Mkt.Segment AMSM
Turnover 0.52 Profit -17.18
Norm EPS -2.67 PE Ratio -
Market cap 1,448 NMS -
News
13/12/2011 07:02 UKREG Kurdistan Operational Update
01/12/2011 15:21 UKREG Holding(s) in Company
01/12/2011 15:20 UKREG Total Voting Rights
25/11/2011 07:00 UKREG Appointment of Non-Executive Director
21/11/2011 08:18 UKREG Kurdish Operational Update
16/11/2011 07:01 UKREG Holding(s) in Company



NYMEX Crude Oil, January contract

Stock on loan, from www.dataexplorers.com

Pictures of flaring at Shaikan 2, 17th March 2011



Bored with just reading about billions of barrels? Watch a film then!

Choose from the latest CNBC interview August 2011, or the Corporate film:


Information


Announcements, maps, news links
Kurdistan Regional Government Production Sharing Contracts
Link to all company Regulatory Statements.

Kurdistan : http://www.gulfkeystone.com/kurdistan.aspx
Algeria : http://www.gulfkeystone.com/middle-east.aspx

Shamaran Kurdistan Oil Activity map available here

Kurdish News : http://www.krg.org/index.asp
AKNEWS : http://www.aknews.com
PUKMedia News : http://www.pukmedia.com/english/

Broker notes from the analyst site visits, August 2010
Fox Davies
Daniel Stewart - "The Great Race"

Presentations/Notes/Updates
Fox Davies, Apr 15 2011 - "Upward Revision"
Fox Davies, Mar 22 2011 - "Positive test results at Shaikan-2"
Fox Davies, Mar 18 2011 - "Very positive news on Shaikan-2"
Fox Davies, Jan 5 2011 - "Shaikan 3 results"
Fox Davies, Dec 1 2010 - "Finally Spudding Shaikan-2"
Fox Davies, Nov 1 2010 - "Oil on their shoes"
Fox Davies, Oct 18 2010 - "Off to the races"
Fox Davies, Sep 22 2010 - "The excitement is building up"
Fox Davies, May 25 2010 - "Financing done"
Fox Davies, May 20 2010
Fox Davies, May 7 2010
Fox Davies, Mar 15 2010
Fox Davies, Mar 10 2010 - "Bijeel-1 strikes"
Fox Davies, Mar 10 2010 - "ETAMIC gone"
Fox Davies, Feb 22 2010 - "Algerian assets"
Fox Davies, Jan 18 2010 - "Shaikan 1-B final evaluation"
Fox Davies, Nov 23 2009
Fox Davies, Oct 9 2009
Fox Davies, Oct 6 2009
Fox Davies initiating coverage, Sep 2009

Tristone capital, Aug 25 2009
Tristone capital, Aug 10 2009

Investor presentation, Oct 2011
Half Year Report & Strategy presentation, Sep 2011
DGA Presentation, Sep 2011
Upstream article, Jun 2011
AGM Investor presentation, Jun 2011
Investor presentation, Jun 2011
Ryder Scott Kurdistan Study Report, Jan 2011
JG presenting at OilBarrel conference, Jan 13 2011
Investor presentation, Jan 2011
laserbill1's videos of GKP presentation in Manchester, Nov 22nd 2010
part 1, part 2, part 3, and associated Proactive presentation material
John Gerstenlauer interview with Proactive Investors, Nov 2010
Investor presentation, Nov 2010
Investor presentation, May 2010
Proactive Investors presentation, Feb 2010
Macquarie Explorers Conference presentation, Jan 2010
Investor presentation, Nov 2009 (ver2)
TK's "Cheshire Cat" CNN interview, Nov 2009 - "An oilman's dream"
Analyst presentation on DGA Report, Oct 2009
The DGA Report, Oct 2009
Investor presentation Sep 2009-updated
Proactive Investors presentation, Jun 2009
Oilbarrel presentation, Apr 2009
Investor presentation, Feb 2009

Other useful bits

If you read nothing else here, you must read
Dalesman's Mammoth Interpretation of the September 2011 Results, post number 113996.
Valuation Courtesy of Dalesman *July 2011*.
Valuation Courtesy of Dalesman *April 2011*.
Valuation Courtesy of Dalesman *December 2010*.
Revised Blue Sky Thinking from Dalesman, November 2010, post number 53868.
Valuation Courtesy of Dalesman *October 2010*.
A "Must Read" from July 2010, Dalesman's "Blue Sky Thinking" post number 27113.
Another valuation from Zengas from September 2010, post number 45060.

Vallares

Vallares presentation video
Tony Hayward interview on Bloomberg

The NAV Calc!

Amuse yourself and your jealous non-holder friends with the amazing
Online GKP NAV Calculator now hosted at www.navcalculator.com
Many thanks to Spidymonkey on iii both for creating it and giving permission to link it here.


Counter started October 30th 2010



advertisement


Phillis - 14 Dec'11 - 10:45 - 137988 of 138118

If there are any serious suitors the only time that shareholders will hear about it is:

EITHER
- when news leaks out and the price moves dramatically and the LSE asks for an announcement to be made

OR
- BOD reaches an agreement on an acceptable price and a joint announcement is made

OR
- prospective suitor is irritated by BOD reluctance to engage and makes a hostile announcement that they are prepared to consider an offer in the region of Xp blah de blah etc etc


Otherwise do no not expect to hear anything or have your input taken into consideration (ridiculous)

AndyH78 - 14 Dec'11 - 10:49 - 137989 of 138118

I'm beginning to think along the lines of stucom, the more I read about the politics in the middle east, the more I'd be happy to have GKP sold off lock stock and multi billion barrels as soon as possible, and get out of the middle east with a bank full of cash.
All at the right price of course.

7imon - 14 Dec'11 - 10:49 - 137990 of 138118

10 Ill toss em for it (as they say)


hairyback2 - 14 Dec'11 - 10:50 - 137991 of 138118

nil,fair enough,but the other majors could well be sitting back and seeing how GENL get on.
anyway TK has confirmed that no offer has been made - end of.
believe me,i would be delighted if a double digit offer was made (and declared) now,and agree it is a legitimate discussion,but some caution is required otherwise disappointment will prevail
HB

highlander7 - 14 Dec'11 - 10:51 - 137992 of 138118

Ph

Correct - but you missed out.

" and until then any speculation based on spurious rumours is just that - a rumour and without foundation "


OzzMosiz - 14 Dec'11 - 10:52 - 137993 of 138118

No, TK has said "no offer for the company" - he hasn't mentioned if any offers for the blocks have been made.

KillerWolf - 14 Dec'11 - 11:01 - 137994 of 138118

"Jamesiebabie - 14 Dec'11 - 10:10 - 137966 of 137993

Hourly chart:

I've not shown the Bollinger bands, but they are tightening. I suspect a big move in the next few days. I'd like to celebrate with a Bollinger or two."

are we not still waiting for part of a wave, or will that be part of it?

Jamesiebabie - 14 Dec'11 - 11:02 - 137995 of 138118

KW - the waves are in play. Let's hope the count works.


free stock charts from uk.advfn.com

KillerWolf - 14 Dec'11 - 11:04 - 137996 of 138118

cool, i'm dithering over flogging my small LOGP holding and putting it in here. still not fully convinced by EME either after talk of missing money this AM.

Enshare - 14 Dec'11 - 11:06 - 137997 of 138118

Found this on another forum earlier.

...........................

BARCLAYS OIL AND GAS FOCUS

December 14th 2011

By Andrew Stannard

"CHRISTMAS CRACKERS"

The AIM market has suffered like its FTSE big brother an uncertain year
but there are many gems on offer for brave investors looking for
excellent returns this christmas and new year.The aim resources sector
looks seriously oversold and now looks poised for a good recovery.
I have identified four stocks that could show impressive near term
growth to help your xmas go with a bang !


Gulf Keystone Petroleum * ( GKP )

SacOil Holdings Plc * ( SAC )

Victoria Oil and Gas * ( VOG )

Desire Petroleum * ( DES )

StockMarketWire.com
Victoria Oil & Gas has announced the successful installation and commissioning of production facilities and a gas pipeline network in Douala.

Rodeo Development Limited, the Company's wholly owned Cameroon subsidiary, made its first delivery of gas to customers on the Magzi Industrial Estate on the 17 December 2011.

VOG's Executive Chairman Kevin Foo commented, "This is a very significant milestone for the Company. We have now moved from an exploration and development company into a producer. The development of Logbaba is also important news for the city of Douala. The commissioning of two wells, production facilities and the first stage of the pipeline was successful and without incident.

"This achievement is the culmination of three years of tireless effort by the team and strong support from shareholders and the Government of the Republic of Cameroon. I am very pleased that we have met our promised target of first production in Q4 2011."

Harry i've added the latest RNS to the header.

Harry 160bopd for £100m company is not 3exactly inspiring and a wait of 12months?

20 December 2011

Victoria Oil & Gas Plc


Logbaba Project First Gas and Condensate Production

-- VOG delivers first commercial gas production on schedule.
-- VOG becomes the first onshore gas and condensate producer in Cameroon, supplying the industrial market.
-- Second stage of pipeline network under construction, expected to be completed in Q2 2012.
-- Production expected to grow from 8 million standard cubic feet per day ('mmscf/d') by the end of 2012 to 44mmscf/d by the end of 2014.

Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and production company with assets in Cameroon and the FSU, is pleased to announce the successful installation and commissioning of production facilities and a gas pipeline network in Douala. Rodeo Development Limited, the Company's wholly owned Cameroon subsidiary, made its first delivery of gas to customers on the Magzi Industrial Estate on the 17 December 2011.

VOG's Executive Chairman Kevin Foo commented, "This is a very significant milestone for the Company. We have now moved from an exploration and development company into a producer. The development of Logbaba is also important news for the city of Douala. The commissioning of two wells, production facilities and the first stage of the pipeline was successful and without incident.

This achievement is the culmination of three years of tireless effort by the team and strong support from shareholders and the Government of the Republic of Cameroon. I am very pleased that we have met our promised target of first production in Q4 2011."

Logbaba Development

Logbaba has gross proved and probable reserves of 212 billion cubic feet of gas and 4.2 million barrels of condensate. VOG has a 95 per cent. working interest and is the operator. The Company has two wells completed as producers. The first well, La-105, tested at rates of up to 55mmscf/d and 1,000 barrels per day of condensate and the second well, La-106, tested at rates of up to 22mmscf/d and unmeasured amounts of condensate. The Company estimates that there are additional prospective resources in excess of 1 trillion cubic feet of gas with associated condensate within the exploitation area.

The Logbaba field has been developed as a fast track project with gas production start-up to the first customer hub while the remainder of the pipeline network continues under construction. The Company anticipates installation of its entire 34km pipeline network, east of the Wouri River, by mid 2012, serving four main industrial hubs.

The Company anticipates gross gas production volumes to rise to a plateau rate of 44mmscf/d by the end of 2014 from 8mmscf/d anticipated by the end of the first year of operations as all initial thermal customers are brought on stream. The pipeline has an operating capacity of 60mmscf/d, which the Directors anticipate to be of sufficient size to satisfy the Douala industrial market over the medium term. Condensate separated from the gas at the production facilities will be stabilised and trucked to the Sonara refinery at Limbe, located 60km away.

Gas and Condensate Sales

In parallel with the development activity this year, gas sales agreements have been signed with 13 industrial customers, including a number of multinational firms. Contract prices have been fixed at $16 per million British thermal units for the first five years (approximately $16 per thousand cubic feet) with price re-sets thereafter. A further 10 gas sales agreements are anticipated to be agreed in early 2012 as the pipeline network expands from the first customer hub in the Magzi region onto the second customer hub in central Douala.

Condensate sales are anticipated to be 160 barrels of condensate per day by the end of 2012, rising to 880 barrels per day by the end of 2014.

StockMarketWire.com
Victoria Oil & Gas Plc reports an increase in prospective resources by over 300 million barrels of oil equivalent ("boe") to 1.4 billion boe at West Med

Other highlights for the six months ended 30 November 2011 include an increase in the Company's working interest to 95% at Logbaba and the second phase of pipeline expansion to central Douala under construction, and expected to be completed in early Q2 2012.

Positive cashflow from operations expected by June 2012 and the company confirmed a US$8 million debt facility was in place.

Good RNS & News....same sp reaction.....no change there then...however, this should stregthen over the next yr?

Been in VOG 5yrs or so from the £2 levels...(but have topped up a couple of times so that my averaged down buy is now3.5p) so I'm very cynical about these spikes to 4p and would agree that the sp would drift back down to 3.5p! particularly as it's been mentioned again in the IC!........ but ...somehow, just maybe, we might be on the verge of a re-rating to 8p+ over the course of the next 3-6months.. you never know!...as a LTH in VOG, I'm keeping the faith and will top up again if it fallls back in the short term. (aimvho)