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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

Wouri River Pipeline Successfully Passes Pressure Tests
The Company announced on 29 October 2014 that the 400mm pipeline under the Wouri River had been successfully laid. The Company is now pleased to confirm that the hydraulic and pneumatic pressure tests on this pipeline have been completed satisfactorily.
The 678 metre pipeline under the Wouri River connects the existing network to a new hub on the Bonaberi shore in Douala, Cameroon's major industrial city.

Gaz du Cameroun will now connect the three near term customers to the pipeline already laid in the Bonaberi area and the Company will announce when these customers are online.

StockMarketWire.com
Victoria Oil & Gas said the first three thermal gas connections have been completed on the Bonaberi shore of the port-city of Douala, Cameroon and two customers are online.

The pipeline and PRMS unit to the third customer has been completed and commissioned. The connections have been completed by VOG's wholly owned subsidiary Gaz du Cameroun (GDC) within five weeks of the gas supply network being extended under the Wouri River to the Bonaberi shore.

The customers in Bonaberi are located close to the Wouri River crossing and have been linked to the main gas line via 3.5km of pipe that was laid during the main river crossing activities. The Bonaberi customers are all businesses involved in food production and will use gas for thermal purposes. The customers are; Sopriacam, a cooking oil and soap refinery, New Foods, a biscuit manufacturer and Sasel, a salt manufacturer.

In addition to the Bonaberi customers, SOTEX, a textile manufacturer, has been connected to the Douala city network and gas supply has also commenced.

All four customers were previously using Heavy Fuel Oil ("HFO") for boilers driving mechanical plant and processes. The GDC marketing and engineering teams worked with the senior management of these businesses to demonstrate the cost savings expected to occur following conversion to gas from HFO and then implemented individual engineering solutions that ensured an efficient conversion.

A production update will be made once new gas supply to Bonaberi can be measured over a reasonable time on an averaged basis.

StockMarketWire.com
Victoria Oil & Gas subsidiary Gaz du Cameroun S.A. (GDC) has signed a legally binding term sheet with ENEO Cameroon S.A (ENEO), Cameroon's integrated utility Company, to supply gas to two power stations located in the city of Douala.

GDC has also signed a legally binding term sheet with ENEO and Altaaqa Alternative Solutions Projects DWC-LLC (Altaaqa) a United Arab Emirates equipment supply company.

Altaaqa will provide power generation equipment and has responsibility for importing and installing the Gensets at the Douala power stations. GDC will work with Altaaqa to make the initial gas connections.

The term sheets have been signed to enable the project to be expedited to meet ENEO requirements and it is expected that these will be replaced by full contracts in early 2015.

The Agreement with ENEO is a major gas supply contract for VOG in terms of scale and profitability with guaranteed minimum take or pay gas consumption at a fixed US$9/mmbtu over the 2 year contract term. The contract can be extended by mutual agreement.

The take or pay element gives GDC the necessary incentives to allocate significant levels of gas to a single customer. The minimum take or pay levels are 9mmscf/d in the January-June dry season and 3mmscf/d in the July-December wet season.

GDC anticipates actual demand from ENEO will be higher than the minimum take or pay levels during both seasons. ENEO requires all 50MW of power to be online by the end of Q1 2015.

i think end of january 2015 vog will be reaching at 1pound as long as people stop taking small profit and invest money for at least 6 months they will get atleast 40% OF there investment

I will have to wait a long time from when I bought when they were pence before their wonderful consolidation - had these for years - no profit for me here at £1. Just another one of my bad choices.

Sadly I'm in same shuck!

I think we have all waited eons for this to come good, but maybe the corner has been turned and the revenue stream will pick up now that gas is flowing and being paid for. Might be tempted to average down soon as VOG are trying to attract institutional investors on the back of the good news.

Well i bought at 39p so sitting on a good profit...will hold for a year and see how we do

Gas Pipeline Reaches ENEO Power Stations
Victoria Oil & Gas Plc announces that Gaz du Cameroun ("GDC") has completed laying pipeline to the boundaries of the ENEO Power Station properties at Bassa and Logbaba ahead of schedule. The 20 MW Bassa Power Station is located 0.3km from our operating northern pipeline and the 30 MW Logbaba Power Station is located 1.3km along the proposed eastern leg off our main line. The pipeline is currently under test and it is anticipated that testing will be completed by the end of this week.

ENEO requires both power stations to be on line and delivering 50MW by the end of Q1 2015 and GDC anticipates that it will complete all of its deliverables before that deadline.

GDC signed binding term sheets with ENEO in December 2014 to supply gas at minimum take or pay levels of 9mmscf/d in the January-June dry season and 3mmscf/d in the July-December wet season. The Agreement with ENEO is a major gas supply contract for VOG in terms of scale and profitability with guaranteed minimum take or pay gas consumption at a fixed US$9/mmbtu over the two year contract term. The contract can be extended by mutual agreement.

StockMarketWire.com
Victoria Oil & Gas has announced that its 100% owned subsidiary, Gaz du Cameroun ("GDC"), has made payment in full for the purchase of the Logbaba gas processing plant from Expro Worldwide.

The plant currently processes gas extracted from the GDC wells, producing condensate which is sold to a local refinery and clean natural gas which is distributed to customers through the 33km pipeline network in Douala, Cameroon.

It has been purchased for $2.578m, using cash generated from GDC operations, and the Board believes that this purchase will deliver significant cost savings.

GDC is evaluating proposals for a long term contract for the operation and maintenance of the plant with specialist service companies, including Expro.

Kevin Foo, executive chairman of GDC, said: "The purchase of the Logbaba plant is a key milestone for GDC, bringing with it significant cost savings which will enable us to continue to grow the business and increase shareholder value. We are now evaluating options for the plant expansion."

Lets see how the charting front is

what are the charts showing?

you do no know how to red charts then?

Much the same as most oil and gas companies..... downtrend

but prices for the last 4 days are holding just below the low ( the last 7 month ) 53p

Indicators at oversold but need to wait a bit longer

thanks for the info appreciated.
no I don't know how to read red chart.

TODAY IS THE DAY

Bouncing up with volume to support the rise

What is the chart update now?

Chart pattern is currently known as "Suicide Hill", (Ishpeming, Michigan, USA) ;o)

StockMarketWire.com
Victoria Oil and Gas said the Government of Cameroon has approved the assignment of a 75% participating interest in the Matanda Production Sharing Contract, Matanda block, to Gaz Du Cameroun Matanda S.A.

The remaining 25% participating interest is held by Afex Global Ltd.

Gaz Du Cameroun Matanda S.A. is a subsidiary of Victoria. The participating interest is being assigned from Glencore Exploration Cameroon Ltd.

StockMarketWire.com
Victoria Oil and Gas subsidiary Gaz du Cameroun (GDC) has agreed a USD26m debt facility to support its production expansion at Logbaba through 2016 and 2017.

The facility has been secured with BGFIBank Cameroon (BGFIBank). VOG aims to avoid recourse to equity markets, whilst ensuring gearing is restricted to appropriate levels as the Company continues to build value.

During 2016 VOG intends to increase gas production from the Logbaba Project by 30%, following the 107% increase in average daily production achieved in calendar year 2015.