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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

From www.oilbarrel.com today and the big thing is, the items in bold, you have to be holding for those results, would be crazy not to, and the first news on 104 is due any time in the next 9 weeks :) The upside from a firmed up 0.5 for well 104 is good, but imagine a firmed up 2.3t just from Well 104 !! It has some risk, but could well reward greatly. And then further news on 106 and 103 before end of June.



26.01.2006

VOG Delights Investors With An Update On Its West Medvezhye Project

Shares in Victoria Oil & Gas surged 55 per cent yesterday as the company announced an update on its West Medvezhye gas and condensate project in Western Siberia, Russia. The shares in the AIM-quoted firm gained 80.5 pence to stand at 227 pence.

The rally came after independent consultants DeGolyer & MacNaughton (D&M) attributed a recoverable resource base to the project of 5.5 trillion cubic feet of gas, 146 million barrels of condensate and 25 million barrels of oil, giving the West Medvezhye licence a total hydrocarbon reserve tally of 1.1 billion barrels of oil equivalent.

These are big numbers and the markets enthusiasm for the stock is understandable - but not yet justified. The numbers quoted above are best estimate prospective figures, which have yet to be proven through the drillbit.

VOG is working towards providing some solid ground to back up these estimates. The Danniella deposit, which was discovered last year with Well 104, is currently being tested. That well was given a 0.5 tcf recoverable reserve base by D&M in November 2005, with a possible upside of 2.3 tcf, following a vertical seismic profile of the hole. The results of the present production test will give much greater certainty about the reservoirs potential.

Further work is underway on the 1,224 sq km licence, which lies in one of the worlds richest gas producing regions. Two new wells, Well 106, which will appraise the 104 discovery, and exploration well 103, which will test a separate structure on the licence, are due to spud next month, with test results due in the second quarter.

Executive Director William Kelleher described this weeks D&M update as truly exciting news and it certainly appears to vindicate VOGs decision of early 2005 to increase its stake in the West Medvezhye licence to 100 per cent. This was completed in December when it paid US$3.2 million in cash and issued 1.2 million new shares to acquire the final 25.2 per cent. VOG also agreed to waive its US$2.6 million outstanding claim against the vendors of its existing 74.8 per cent share.

The negotiations to conclude this deal and secure 100 per cent of the licence have been protracted and investors will no doubt hope this brings to an end any concerns about title or partner disputes, issues that have seen many a foreign oil and gas investor run aground in the country.

There has been some positive news on one issue that could make-or-break the West Medvezhye project. Earlier this month VOG signed a gas distribution protocol with Russian gas giant Gazprom, which controls the countrys only gas pipeline network. This is seen as the first step in securing a long term gas offtake arrangement, which will be key to monetising the reserves at West Medvezhye.

Its important to remember that the protocol is not a legally binding contract but any co-operation with the energy behemoth is good news. Encouragingly Gazprom subsidiary NGP has agreed to provide VOG with technical and procurement assistance. Even so, there is still some way for VOG to travel with this possible company-maker of a project and investors should not get too carried away until more work has been done with the drillbit - and Gazprom is fully committed to transporting the gas to markets in Russia and beyond.

Somebody on the iii thread's taken the time to post this lot...thought it would be useful over here as well....

The Times:


Smaller stock to watch


Victoria Oil & Gas, the oil and gas developer focused on the former Soviet Union, rose 81p to 227p after an independent analysis of its reserves on a project in Western Siberia. A report by DeGolyer & MacNaughton, the independent reserve auditors, concluded that the companys West Medvezhye project had prospective recoverable resources of 5,500 billion cubic feet of gas, 146 barrels of gas condensate and 25 million barrels of oil. The companys last feasibility study was conducted in December 2001.

========================
The Times Again:

Further down the market, punters' favourite Victoria Oil & Gas soared 88p to 234.5p after it published a feasibility study on its main prospect in Siberia. The company's West Medvezhye license block has potential to contain recoverable hydrocarbon resources of around 1.1 billion barrels of oil equivalent, it said

=========================

The Telegraph:

"The show-stealer of the day in terms of sheer percentage gains proved to be Aim-listed energy group Victoria Oil & Gas, which shot up 60pc or 88 to 234p after an oil field update. An independent feasibility study showed the company can expect to extract the equivalent of 1.1billion barrels of oil equivalent from its West Medvezhye project."

===========================
Ft::

"Among the smaller companies, Victoria Oil & Gas surged 60.1 per cent to 234p as an updated independent feasibility study into its wells at West Medvezhye in Siberia found it had 5.5 trillion cubic feet of gas, 11 times the initial estimate in November and, according to analysts, enough to satisfy UK gas demand for eighteen months.

The study also found the site had around 1.1bn barrels of oil equivalent, while traders speculated that the company was planning to purchase further exploration licences through a mixture of cash and shares."

=========================
The Guardian:

"Victoria Oil & Gas was the standout small cap feature. Its shares surged 88p, or 60%, to 234.5p after the exploration company revealed that an independent audit of its West Siberian prospect had showed it contained 5.5 trillion cubic feet of recoverable gas. Ambrian Research responded to that news by reiterating its buy recommendation and setting a 307p target price. Celtic Resources, which owns 6% of Victoria, improved 1p to 212.5p."

============================
The Independant

"Risky Russian operations cast doubt on Victoria

Shares in Victoria Oil and Gas soared 60 per cent, or 88p, to 234.5p, yesterday after the explorer said its West Medvezhye prospect in Siberia is a lot bigger than originally thought.

The independent reserve auditors DeGolyer & MacNaughton indicated that the group's site contains 5.5 trillion cubic feet of gas, 146 million barrels of gas condensate and 25 million barrels of oil.

To give readers an idea of just how significant in size this find really is - it is enough to satisfy the UK's gas-energy needs for 18 months. And there is a possibility Victoria will once again upgrade the size of its deposit.

The West Medvezhye project is not the company's only asset. It has an oil field in Kazakhstan which boasts 60 million barrels of oil valued conservatively at $200m (112m). The site is forecast to start generating cash by the end of March.

Victoria raised 13m at 78p last month to fund its development, and says it will not need to come back to the market for more money in the foreseeable future. After yesterday's share-price rise, the company is worth about 230m and, given the asset it has in Kazakhstan and the potential of its Siberia prospect, this is a conservative valuation.

Victoria faces significant risks by operating in Russia. One of the biggest is its reliance on Gazprom, the state energy company, to transport its gas reserves to market. At present, Victoria has the support of the giant, which stands to make a tidy profit from transporting the group's gas through

After this article in Independent News is it still worth buying?

Oilbarrel has a very upbeat article with the proviso for investors not to get carried away, and perhaps wait for the drill bit to confirm the extent of the finds.
Cheers.

Papal - I don't have access to advfn from work anymore. Would be very grateful if you could post any of the really important posts here ie: Zengas's, 9tintin and yours.

Thanks very much and long live VOG!

Aerotus generally quiet today on AFN, I think most of what was said was said yesterday, nobody repeating themselves today.

I think the MM's gained control when the bid was 245 to 247p, where the rise choked today, they took a lot of sells there, and now are in control of the price.

Does not matter, keep holding and adding on weakness, more news is not far away, Kemerkol and Well 104.

this is due for a HUGE retracement, I am short down to minus 100 pts.

You are dreaming, blinger!

LOL Blinger.


Poor guy...

lol dreaming of what? the share price as it weakens?, it may well rise again in the long term, but this is too juicy a rise for profit-takers to ignore short term
g`luck.

there goes the dream then -DOWN.

SELL SELL SELL ARGHHHH!!!

Time to top up more like, this is heading for 300p, see my earlier posts, I have said repeatedly this is one of a very few multi baggers and even better the rise is justified.

LOL!!!!!!!!!

tony727 - 12 Jan 2006 15:53 - 279 of 332
Bank profits quick this on the way down to 100p me things

Huge buys at the end of the day. We will see which direction it moves tomorrow.

some of those trades were broker to broker.

From a better informed bb, someone calculated a rubbish fig. for the share price value-____________


4.7 a share?
On what basis?
Always read the small print ( my bold italics in the RNS)
*****

"According to the study, around 5.5 trln cubic feet of gas, 146 mln barrels of gas condensate, and 25 mln barrels of oil COULD be recovered from the field.

'These estimated prospective recoverable resources are DEPENDANT ON SUCCESSFUL DISCOVERY AND DEVELOPMENT OF THE PROSPECTS EVALUED,' the company said in a statement.


Many a slip between cup and lip, as the share price indicates today,
---------
and back to the level it was last week, soon, after the news is digested.

Time 16;52;47. 235.631p 1725000 4,064,631
Can't wait for tomorrows opening.
cyril

poor old Cyril, long VOG, ah well someone has to be a loser so we winners can win, sorry cyril!!!

Poor old cyril?
mmm, just look at the start date for this thread, 24/07/05.
Now check your chart, 45p .
Now look at IEC 13/07/05 Less than 3 now 5.72p to sell.
Think the proofs in the pudding.
cyril