this will go soon. 2p was 46p now with good news

Shares in Latin America-focused oil and gas group GeoPark (LON:GPK) rose after it revealed an update on discoveries in its recently-acquired properties in Colombia.

It said well 1 on the Max oil field discovery is currently test-flowing at around 1,220 barrels of oil per day but requires further testing to determine expected and stabilised rates.

GeoPark said the Gacheta formation produced at a rate of 149 barrels of fluid per day (bfpd), the Guadelupe formation at 299 bfpd and the Mirador at 637 bfpd.

On the Tua oil field discovery, the exploration well is currently testing at around 1,723 bopd.

On the Guadalupe formation the well produced at a rate of 366 bfpd, while on the Mirador formation it produced at 1,732 bfpd.

Chief executive James Park said: "The new Max and Tua oil discoveries represent an important step forward for GeoPark with our recently-acquired projects in Colombia.

"They demonstrate our ability to build value through the drill bit in a new region for us and represent a significant de-risking of our new Colombian acquisitions by converting exploration potential to new oil production and reserves.

"We look forward to further results from our 45-50 well drilling programme in 2012 in Chile and Colombia."

Victoria Oil & Gas (LON:VOG) has announced the start of continuous production operations at its 95%-owned and operated Logbaba gas and condensate project onshore Cameroon managed by its wholly owned subsidiary Rodeo Development Limited, (RDL).

The Company's first three customers are now taking delivery of gas in sufficient volume to allow the production facilities to operate 24 hours a day.

The company remains on schedule to increase production to 8 mmscf/d by the end of the year.

This will be driven by an increase in the number of thermal (heat requirement) customers and the installation of gas powered electrical generation units on customers' sites.

The first units are expected to come on line in mid Q4 2012. This will be a major development for Cameroon, making clean and reliable power available to industrial users.

Ithaca Energy (LON:IAE) has started drilling of the Hurricane appraisal well in block 29/10b, which lies within the company's Greater Stella Area in the UK sector of the central North Sea.

The well is being drilled using the WilHunter semi-submersible rig.

The company has contracted the services of Applied Drilling Technologies International to manage drilling operations under 'turnkey' contract arrangements.

The well programme is anticipated to take between 75 to 85 days to complete, including the performance of a drill stem test.

The Hurricane discovery well, 29/10-4z, was drilled by Shell in 1995. The well encountered 41 degrees API light oil in Eocene Rogaland sands in the western lobe of the structure.

The appraisal well will be drilled to the base of the Tertiary section in the eastern lobe of the mapped structure and is designed to satisfy three primary objectives:

* Confirm the nature and volume of recoverable hydrocarbons

* Calibrate the hydrocarbon contact with seismic amplitude

* Verify the distribution, quality and connectivity of the reservoir

Upon successful completion of the appraisal well objectives, the wellbore will be suspended for future re-entry and completion as a production well.

Melrose Resources (LON:MRS) has completed operations on the South Khilala-2 development well in Egypt, which was drilled as a high angle producer in the southern lobe of the field.

The well has been tied back to the West Khilala field facilities and is currently flowing at a rate of 14 MMcfpd, bringing the total South Khilala field production rate to 25 MMcfpd.

A preliminary assessment of the new well data indicates that the field's total recoverable proved plus probable reserves should increase from 47bn cu ft to 60 bn cu ft.

Commenting on the report, David Thomas, Chief Executive, said: "The South Khilala-2 well results are very positive, both from a reserves and deliverability perspective, and will help underpin our production forecast.

We are also encouraged by the outcome of the seismic interpretation on the Galata block, offshore Bulgaria, and pleased to have commenced the 3D seismic programme on our new concessions offshore Romania. These two initiatives will support an exciting drilling programme in the Black Sea in 2013."

The sector's biggest riser was Ascent Resources (LON:AST) - up by over

look at the trades

Blinking heck........£8 1/2 million buys £3 million sells!

Ready for take-off..............Worth a punt I think.

My computer will be at the ready first thing in the morning.

yes. i think it's worth a punt. i have 250.000 share and well just wait and see but looks good ML

I bought 2 batches yesterday = 100,000 shares........Will buy more if it breaks through the £0.03 level.

There are some nice trades going through 5.5m buy's.......1.5m sells!

I have changed my mind.......Going to buy more today!

why is this going down, when big buys

Not sure on that one?

However, I bought some more on Friday..........Not quite at your level.........Yet!

I am very comfortable with this share..........I have read a couple of articles.......TP to reach 0.8p........I'd be happy with that........For starters.

Gerponville18 - 21 Jul 2012 18:01 - 10 of 11

Not sure on that one?

However, I bought some more on Friday..........Not quite at your level.........Yet!

I am very comfortable with this share..........I have read a couple of articles.......TP to reach 0.8p........I'd be happy with that........For starters.


2.6p to 0.8p?

Confident?

One has to be confident........Why buy the share otherwise?

All I do is read up as much information as I can......Read company reports. They appear to be heading in the right direction. They will only be good.......When they can find the "black Oil", and it to have a commercial value?

This was put on by cyril a day or so

http://www.moneyam.com/action/news/showArticle?id=4381032
http://www.moneyam.com/action/news/showArticle?id=4381151

Powered by IST's


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

Certainly sounds good for the future........Not too distant future I hope!

Hardly any trades going through at opening. However, the sp has risen 3.2%? Not complaining that’s for sure. Let’s hope the sp constantly moves Northwards.

I will read the above articles later..........Hopefully they will cheer me hope.......Europe Errrrrrrrrrrr!

I really do think this share will rise.......Keep an eye towards the end of August!!!
(An article I have found)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Victoria Oil and Gas has announced that it has commenced continuous production operations at its Logbaba project, onshore Cameroon.

The start date is in line with our expectations, as outlined in our last note on the Company, dated 1 June 2012.

Gas is now being delivered to three customers with a combined demand of 0.7 mmcfd. We anticipate that these contracts have been signed at a gas price of $16/mcf, in line with previous announcements by the Company. On this basis we calculate that these contracts should earn the Company in the region of $350k of revenues per month.

Victoria is assisting a number of other customers to convert their factories to take gas and remains on schedule to increase production to 8 mmcfd by the end of the year.

We believe that the ramp up in production signifies a step change in VOG’s operations and that the Company will move into profitability and become cash generative in FY 2013. At the prevailing share price, which is trading at a significant discount to NAV, we believe that VOG looks very cheap. As such we re-iterate our Buy recommendation and target price of 8.1p

Can anyone explain the fall all the time

No I have no idea - I nearly asked the same question yesterday myself. Thought I might get some sarcastic comments about it being a crap company so didn't bother. I bought in at 3p and all it has done is go down a little each day since.

Seems to be a lot of investors asking the same question 3m.I have read Noor Petroleum who hold 3.8% of vog Could be a large seller. Not an investor here just trying to help.

Cheers. Haven't heard of Noor Petroleum perhaps I should do some research myself DC. Ah. well it is like the rest going one way or the sodding other. Thanks for trying to help.

Just looked it up, they look like vog biggest share holder



Major Shareholders
As of 1 July 2011

Shareholders Percentage of Issued Share Capital
Noor Petroleum Limited 3.8%



Other Shareholders
Directors and Senior Management 2.8%
Free Float 97.2%


Share Capital
Issued Ordinary Shares of 0.5 pence each as at 1 September 2011 2,184,269,463

Cheers, just wish sometimes I understood all the fundamentals. Have a good weekend.

Tele time, good weekend 3m