Victoria Oil & Gas Plc (Victoria) has become a significant domestic energy supplier in Africa through its wholly owned subsidiary: Gaz du Cameroun S. A. (GDC).
With operations located in the industrial port-city of Douala, Cameroon, customers are converting their operations to take natural gas supplied by our production wells and pipeline infrastructure.
GDC is the sole gas supplier in the area, providing a cheaper, more efficient, reliable, and cleaner energy alternative to Heavy Fuel Oil use.
Our teams of engineering advisors are on hand to help customer’s cost and implement the change to GDC’s energy products.

Victoria Oil & Gas is traded in the NEX Exchange HERE

Link-HISTORICAL NEWS,VIDEO/AUDIO & EVENTS

Link-Dedicated Posts for:
Gaz du Cameroun S.A. (“GDC”)
Gaz Du Cameroun Matanda S.A. ("GDC Matanda")

Link-Cameroon-Industrialisation Master Plan (PDI) & Africa Energy

NEWS

21st Jan 2019 Production Update
17th Jan 2019 Q4 2018 Operations Update
02nd Jan 2019 Presidential Decree on Matanda Received
24th Dec 2018 Renewal of Long-Term Gas Supply Contract with ENEO
28th Sep 2018 INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2018
17th Aug 2018 Q2 2018 Operations Update
22nd Jun 2018 Report and Accounts to 31 December 2017
14th Jun 2018 Restructure of the BGFI Debt Facility
04th Jun 2018 Notice of Annual General Meeting
04th June 2018 Logbaba Field Reserves Update
24th May 2018 Q1 2018 Operations and Outlook
16th Feb 2018 Q4 17 Operations Update & 2018 Outlook Replacement
05th Jan 2018 Gas Supply Contract with ENEO Not Extended



VIDEO/AUDIO

21st Jan 2019 Victoria Oil & Gas looks ahead to increased cash flow
24th Aug 2018 Victoria Oil & Gas confident of resolving ENEO contract 'within weeks'
22nd Apr 2018 Video from 21/04/2018 UK Investor Show
16th Feb 2018 Victoria Oil & Gas confident of positive outcome to ENEO issue
08th Nov 2017 Victoria Oil & Gas reports very pleasing initial results from La-108
31st Oct 2017 21 Oil and Gas - African Power Panel
30th Oct 2017 121 Oil & Gas Investment
26th Oct 2017 Victoria Oil & Gas raises US$23.5mln to accelerate new growth programme
26th Sep 2017 Victoria Oil & Gas to finalise long term supply contracts after first gas at LA-107
17th Aug 2017 Victoria Oil & Gas expecting La-107 to be a 'substantial' producer
16th Apr 2017 Video from 01/04/2017 UK Investor Show
13th Apr 2017 'It's been a terrific year and a great quarter', says Victoria Oil & Gas' Kevin Foo
06th Mar 2017 Farm-out deal 'a really good strategic move' for Victoria Oil & Gas, says chairman Kevin Foo
06th Feb 2017 Chairman runs Proactive through the good start to 2017

EVENTS

28th Jun 2018 Annual General Meeting ("AGM")
10th May 2018 Africa Oil & Power Investor Forum-London
21st Apr 2018 UK Investor Show
11th-12th Apr 2018 Africa Investment Exchange: Gas (AIX: Gas 2018)-London
09th-10th Nov 2017 The Cameroon Investment Forum(CIF)-Cameroon
30th-31st Oct 2017 121 Oil & Gas Investment-London
23rd-27th Oct 2017 Africa Oil Week 2017-Cape Town South Africa
07th Sep 2017 One2One Investor Forum - London
05th Sep 2017 Oil Capital Conference-London
28th Jun 2017 Annual General Meeting
01st Apr 2017 UK Investor Show
9th Feb 2017 Presentation slide show for One2One
9th Feb 2017 One2One Investor Forum - London

Social Media
    

banjo
I do, but just think of it.
Foo, said he wanted to expand into other projects. So why not electricity.

delta1, VOG look to be focused on being a gas utility company:

"Look at new areas in Cameroon and across Africa where the GDC model can be replicated"
http://www.victoriaoilandgas.com/sites/default/files/160926%20VOG%20Interim%20Results%20to%2030%20June%202016.pdf

"Expand business development efforts into other parts of Africa, leveraging the successful Cameroon model"
http://www.victoriaoilandgas.com/investors/news/2016-outlook

General interest-highlighting how unstable Nigeria's (neighbouring country) electricity supply is:

Power Supply: Nigeria loses 1,899MW as seven power plants collapse
Monday, 16 January 2017

(Ecofin Agency) - The latest industry data on sector reforms and activities have revealed that the collapse of seven power plants across Nigeria has resulted in a total electricity load loss of 1, 899.7 Megawatts.

This report indicated that four out of this plants owned by the National Integrated Power Projects were shutdown, while the remaining have been functional for days.

“Partial collapse occurred on January 12, 2017. At 8:41hours, system frequency dropped from 51Hz to 43Hz. Lagos, Osogbo, Jebba, Kainji and Shiroro lost supply, while other areas survived. The total load loss was 1,899.7MW. As of 6am on January 13, the following plants were still shut down: Geregu NIPP and Sapele NIPP, in addition to the plants previously reported as shut down. Plants previously reported as shut down include Alaoji NIPP, Ihovbor NIPP and Gbarain,” it stated.

It added that gas constraint accounted for 2,680MW, while grid and water management constraints were both zero megawatt. Due to this constraints, the power sector lost an estimated N1.358bn, Punch news reports.

Nigeria has been witnessing poor power supply which have crippled industry sectors and affected households in the country. This situations have been blamed on lack of adequate investment by electricity firms.
Anita Fatunji


http://www.ecofinagency.com/electricity/1601-36285-power-supply-nigeria-loses-1-899mw-as-seven-power-plants-collapse

A few translation issues but:

Cameroon plans to become “the factory of the new Industrial Africa by 2050”
Wednesday, 25 January 2017

(Business in Cameroon) - According to the Cameroonian Minister of Mining, Industry and Technological Development (Minmidt), Ernerst Gbwaboubou, the Industrialisation Master Plan (PDI) which Cameroon just got is meant to turn this Central African country in to “the factory of the new Industrial Africa by 2050”. To achieve this, the government member highlighted in an interview with the pro-government daily, the PDI rests upon three pillars: the food, energy and digital industries.

“I must stress that this plan is in line with the five main priorities of the African Development Bank group which are: to light up Africa and provide electricity, feed Africa, integrate Africa, industrialise Africa and improve the quality of life of Africans”, pointed out Ernest Gbwaboubou.

In practical terms, at the operational level, in the energy sector, the PDI provides for the construction of the maximum number of energy infrastructure on the Sanaga, to pack this river on which is located 75% of the hydroelectric potential of Cameroon. This is also about “speeding up the development of other forms of renewable energy (biomass, natural gas, solar power) to provide affordable and ecological energy to our local industries, and finally concern ourselves with the vast market our big neighbour, Nigeria, represents with energy needs estimated at 88,800 Megawatts in 2020”.

On the food industry side, we learned, the PDI will put the priority on “developing agro-industrial technopôles (technical centres)”, to turn Cameroon into the bread basket of the 10 CEEAC countries and 150 million Nigerian citizens, a country with which Cameroon shares a 1,500-km long border. “You are well aware that Cameroon imported 1.388 million tons of food products in 2015 worth over FCfa 800 billion, thereby exceeding for the 1st time hydrocarbons (1.294 million tons) and clinker (1.323 million tons). Primarily, this concerns rice (730,000 tons), fish (217,000 tons), cooking salt (139,000 tons) and other various food products (301,000 tons). This situation remains without explanation considering the agro-ecological possibilities of the country”, repeats Mr Gbwaboubou.

General interest:


Economic Analysis - Fiscally Expansive Policies Spurring Economic Resilience - MAR 2017
West Africa January 2017 / Cameroon / Economy

BMI View: Cameroon's programme of public investment will keep growth elevated in the coming quarters, with a number of key project s underway. Furthermore, production of natural gas from 2018 will offer tailwinds to the trade balance.

Growth in Cameroon will be robust in the next two years on the back of public investment and new production opportunities. Fixed capital formation will be a significant driver of growth due to the government's investment programme and the packed infrastructure project pipeline. Furthermore, with gas production coming online by Q118, the new source of export revenue will be a boon to the trade balance. We also expect that improving economic conditions will see consumer confidence rise, causing a rebound in private consumption. Overall, Cameroon's economy will grow by 5.6% and 6.5% in 2017 and 2018, up from an estimated 5.3% in 2016.

http://www.africamonitor-newsletter.com/node/30748

The 2017 bucket list and 2016 results.
Posted on 1 February 2017

"Victoria Oil & Gas is arguably one of the most undervalued assets I have looked at, the management are determined to create a utility scenario from the gas to the customer. Gas found by them at Logbaba and through their own pipes to clients in Douala is a very exciting prospect and the demand is almost limitless."

3rd February 2017 
Victoria Oil & Gas Plc
 
Q4 2016 Operations Update 
 
Victoria Oil & Gas Plc, a Cameroon energy utility, provides an update on the Group's operations for the fourth quarter 2016; ended 31 December 2016.
 
Highlights
 
·     Increase in average gas production to 7.64mmscf/d in Q4 2016 (Q4 2015: 7.14mmscf/d)
·     4.5% increase in gross Logbaba gas sales of 654mmscf for the quarter (Q4 2015: 626mmscf)
·     24% increase in gross Logbaba gas sales of 3,566mmscf for the year (FY 2015: 2,868mmscf)
·     Logbaba drilling programme progress to 31 December 2016:
o  Rig spudded at both twin and step out wells
o  La-107 at 1,618m; La-108 at 1,173m
o  Deployment of Managed Pressure Drilling technology
·     15km pipeline commissioned as part of the Bonaberi extension
·     Three new thermal customers on the new Bonaberi extension were commissioned and consuming gas in Q4

·     Q4 (unaudited) financial highlights:

o  $4.6 million revenue (Q3 2016: $4.7million)
o  $15.8 million cash balance as at 31 December 2016 ($14.1 million as at 30 September 2016)
o  Net cash position of $1.3 million ($2.3 million as at 30 September 2016)
o  Current undrawn credit lines of approximately $16.0 million
 
Note: Net cash is defined as cash equivalents less borrowings, where cash equivalents exceed borrowings
 
Ahmet Dik, Chief Executive Officer of VOG, commented:  

"The Bonaberi pipeline extension provides gas to the western industrial area of Douala, which is fast becoming a new hub for future developments looking to access Douala's port, power and road networks. We have established ourselves as a vital part of the energy infrastructure for the city and the region. I am particularly pleased that year on year gas sales for 2016 has increased by 24% and a monthly production record has been set this January.  Our drilling programme has progressed well and we are reaching an exciting phase as the wells descend into the Logbaba Formation. We look forward to providing further updates in the coming months."

 
Operational update
 
The quarterly gross gas and condensate consumptions for the Logbaba Project are as follows (amounts in bold are gas and condensate sales attributable to VOG*):

***See Link at BOP for Table***

Customers and Pipeline
 
Thermal gas sales were in line with Q3 2016 and were a 24% increase on Q4 2015. Phases II & III of the Bonaberi pipeline extension programme were successfully completed, with 15km of new pipeline commissioned during the quarter. Total commissioned pipeline is now 49.6km across the entire network. Three new customers began consuming GDC gas during December after the Bonaberi extension. GDC has commissioned the pipeline extension up to the Pressure Reduction Metering System at a several new customers and is now waiting for these customers to connect to their operations.  The impact of the new gas supply and the increased ENEO consumption, as the dry season starts, has already been seen during January. GDC has set a record in monthly supply figures averaging 14.5mmscf/d and peaking at 17.1mmscf/d up to 31 January 2017.
 
Grid power sales for the quarter were 12% up on Q4 2015 following increased usage by state power operator, ENEO, for electricity generation supplying Douala. The ENEO contract is a two-year gas supply agreement, which will expire during Q2 2017. Negotiations are underway with ENEO and Altaaqa to renew the contracts for the supply of gas to the electricity generation sets, installed at the Logbaba and Bassa power stations in Douala.
 
The reduced consumption from GDC's Retail power consumers is a result of the termination of the lease period of the generators used by these customers to generate electrical power for their operations. These generators were initially brought into the country by GDC to prove the concept of gas-to-power, which resulted in GDC being awarded the initial ENEO contract. The customers are individually in the process of purchasing their own generators, which are sized appropriately and significantly more energy efficient, and we expect to have them consuming GDC gas again in the future.
 
Logbaba Drilling Programme
 
Drilling operations on wells La-107 and La-108 in the Logbaba Gas Field commenced on 1 November 2016. The Savannah Komako 1 drilling rig commissioning, inspection and certification programmes were completed in October 2016. The independent rig audit was performed by Bureau Veritas, who certified the rig as fit to operate. GDC's internal rig acceptance criteria were met and signed off on 1 November 2016, prior to well spud on the same day.
 
The Logbaba wells are intended to be production wells, completed in the Upper Cretaceous (Campanian and Santonian) Logbaba Formation, which is a thick sequence of interbedded sands and shales found at depths between 1,700m and 3,200m below the surface. In addition to developing the gas reserves in the Logbaba Formation, one of the wells, La-107, has an additional contingent objective of an 'exploration tail' with a terminal depth at 4,200m to test the hydrocarbon potential of the Lower Cretaceous Mundeck Formation. This horizon had gas shows and a significant gas kick in La-104 (which is currently being twinned by La-107). Execution of the exploration tail is dependent on well conditions, which will be established during the drilling programme.
 
At the end of Q4, La-108 had been drilled and cased to 1,173m where the 13⅜" casing has been set. The 12¼" hole section on well La-107 has been drilled to its target depth of 1,618 m.
 
Since 1 January 2017, the 9⅝" casing has been run and cemented in La-107 in preparation to drill the 8½" hole section through the objective Logbaba gas-bearing reservoir sections. The 9⅝" casing run into La-107 included a DDV (Downhole Deployment Valve), which was successfully set with the casing to assist in the MPD (Managed Pressure Drilling) technology that will be employed during the drilling of the over-pressured Logbaba Formation. This is the first time that a DDV has been deployed in sub-Saharan Africa.
 
After setting the 9⅝" casing in La-107 the rig was skidded to the La-108 well and has drilled the La-108 12¼" hole section to its target depth of 1,953m MD (measured depth). The 9⅝" casing, including the installation of a DDV as in La-107, has been run and cemented.  We are currently rigging up the MPD surface equipment in preparation for drilling the La-108 8½" hole section to its target depth of 3,563m.
 
MPD and the insertion of a DDV, both of which are expected to produce higher quality wells and reduce failure risk in the high pressure/high temperature environment under which these wells are being drilled, has added to the initial estimated budget. In addition, higher than expected Non-Productive Time (NPT) related to various operational issues has increased the schedule.  The revised budget range for the two well programme, without the exploration tail has now been increased by 10-20% above the previous estimate of $40m to $44-48M.
 
Approximately $23m has been spent to date on the project, so the balance of GDC's $13-15m share of the two well programme of will be funded by cash generated from operations and existing debt facilities. The net cash position of the Group at the end of the quarter was $1.3m (cash position of $15.8m). The group has remaining credit on its Cameroonian debt facility of $16m.
 
Process plant expansion
 
The gas processing plant expansion, which aims to increase the plant's processing capacity from 20mmscf/d to 25mmscf/d, is progressing with the preliminary engineering phase being worked into the pending new flow line works to tie in the new wells. Alternative scenarios for the gas plant expansion are also being engineered to increase the processing capacity up to 40mmscf/d.  A final decision on this will be dependent on the drilling programme results.

http://www.moneyam.com/action/news/showArticle?id=5490735

Victoria Oil & Gas notches up record gas sales January
07:49 03 Feb 2017

Three new customers began consuming GDC gas during December after a pipeline extension.



Cameroon-based gas producer Victoria Oil & Gas plc (LON:VOG) has seen a record month for gas sales from its Logbaba field in January as a new pipeline to Bonaberi came onstream.

Three new customers began consuming GDC gas during December after the Bonaberi extension.

The impact of the new gas supply and increased consumption from state energy company ENEO as the dry season starts has already been seen during January said Victoria.

“GDC [its local subisidiary] has set a record in monthly supply figures averaging 14.5mmscf/d and peaking at 17.1mmscf/d up to 31 January.”

Bonaberi is an industrial part of Duoala, Cameroon’s second city, and Victoria commissioned 15km of new pipeline in the final quarter of 2016 to take the total now laid to 49.6km.

In the three months to December, gas sales were a gross 654mln cubic feet (mmscf), up 5% on the previous year with average production of 7.14mmscf per day.

Within that thermal gas sales rose by 24% compared to a year ago. Revenues eased slightly to US$4.6mln (US$4.7mln).

For 2016 in total, sales rose 24% to 3,566mmscf at a daily average rate of 10.23mmscf, up 26%.

Ahmet Dik, chief executive, said: "The Bonaberi pipeline extension provides gas to the western industrial area of Douala, which is fast becoming a new hub for future developments looking to access Douala's port, power and road networks.

“We have established ourselves as a vital part of the energy infrastructure for the city and the region. I am particularly pleased that year on year gas sales for 2016 has increased by 24% and a monthly production record has been set this January.

“Our drilling programme has progressed well and we are reaching an exciting phase as the wells descend into the Logbaba Formation.”

Philip Whiterow

House broker Shore Capital added that with Phases Two and Three of the Bonaberi pipeline extension completed and new customers coming on stream, Victoria Oil & Gas has made a highly encouraging start to the current,

The ENEO contract is a two year gas supply agreement that expires in the second quarter of 2017.

Negotiations are underway to renew the contract.

Exploration at Logbaba drilling programme is progressing well, though costs have risen, while net cash at the end of 2016 was US$1.3mln against Shore’s expectation of debt.

The broker has retained a very punchy 170p share price target set last year and sees lots of potential as it adds reserves, expands customer supply and delivers higher earnings.

http://www.proactiveinvestors.co.uk/companies/news/172609/victoria-oil-gas-notches-up-record-gas-sales-in-january-172609.html

****For the record.....Just someone's view that is bound to errrrrrr on the positive side****

Victoria Oil & Gas

VOG was one of the first stocks that went into this year’s bucket list and today’s 4Q operational update shows just why. The company note increasing gas production, the 4th quarter was 7.64 mmscf/d against 7.14 for the comparable quarter whilst gas sales were up 4.5%. For the year, Logbaba gas sales were up 24% to 3,566 mmscf (2.868) and both Logbaba wells are progressing well albeit with some challenges. To combat the high pressure/high temperature wells, the company is using state of the art kit including Managed Pressure Drilling and Downhole Deployment Valves, the latter for the first time in sub-Saharan Africa. These additions to the well should ensure that they are of higher quality and reduce failure risk although they will add modestly to the cost of the wells.

We knew that 15km of pipe had been laid in the Bonaberi extension and this now gets to the key Western Extension hub and three new customers took gas in Q4 with more to come especially with the dry season upon us. The financials record Q4 revenue of$4.6m, $15.8m of cash, net $1.3m and undrawn credit lines of $16m. With the drilling programme going well and what seems like huge demand from customers old and new at the other end of the pipeline prospects for VOG and the shares are hugely undervalued.

Victoria Oil & Gas plc (LON:VOG)‘s stock had its “buy” rating reaffirmed by stock analysts at GMP Securities in a research note issued to investors on Friday.

https://www.americanbankingnews.com/2017/02/03/victoria-oil-gas-plc-vog-receives-buy-rating-from-gmp-securities.html

Victoria Oil & Gas plc chairman runs Proactive through the good start to 2017 (Interview)
14:58 06 Feb 2017

Kevin Foo, the chairman of Cameroon focused Victoria Oil & Gas plc (LON:VOG), said he was very "happy" with the way 2017 has started.
In January the firm averaged around 14.5 mmscfd (million standard cubic feet per day) of sales peaking at 17 mmscfd in the month.
"It was a good start," he told Proactive's Andrew Scott.
It comes as the new extension to the Bonaberi pipeline came on-stream and three new customers began taking gas in December, adding around 500,000 scf/d in production.

VOG are obviously using 'proactive' as part of their PR which is and has been a positive company decision in getting the message out! Anyway there was an update last Friday to their 'The Investment Case':

Victoria Oil positioned to meet Cameroon's need for power
12:00 03 Feb 2017

GDC is currently the only supplier of natural gas to Douala, Cameroon’s rapidly growing second city



Victoria Oil & Gas (LON:VOG) has substantial gas assets in Cameroon, a country crying out for energy.

At present, Gaz du Cameroun (GDC), Victoria's local subsidiary, estimates demand for gas in Cameroon for thermal and power generation is in excess of 150mmscf (millions of standard cubic feet) per day.

GDC is currently the only supplier of natural gas to Douala, Cameroon’s rapidly growing second city and, in its own words, it manages the whole value chain from the wellhead to customer connection.

Long-term supply contracts have been established with customers at prices from $9/mmbtu (millions of British thermal unit) to $16/mmbtu and with prices not subject to regulation.

Infrastructure plans include designs for the gas treatment plant capacity to rise to 40mmscf/d and to develop new product areas such as compressed natural gas (CNG).

Matanda can dwarf Logbaba

In addition, taking a 75% stake in the Matanda block earlier this year has given Victoria Oil control of an asset potentially 60 times larger than Logbaba.

The North Matanda field alone is estimated to hold 1.8trn cubic feet (Tcf) of gas and 136mln barrels of condensate on a p50 (50% probability) basis.

That compares with 208bcf of gas and 3.1mmbls of condensate at Logbaba.

The North Matanda Field is an extension of the Logbaba structure and wells drilled already alongside extensive 2D and 3D seismic data have shown a strong geological continuation between the two.

Next steps are a work programme to be agreed by the Cameroon government.

The work programme plan initially is to explore onshore licence areas within a few kilometres of Logbaba and send any discoveries through the pipeline network operated by GDC.

Gas production up by 26%

January 2017 was a record month for gas sales from its Logbaba as a new pipeline to Bonaberi came on-stream.

Three new customers began taking gas during December after the Bonaberi extension. This new supply and increased consumption from state energy company ENEO as the dry season starts had a beneficial impact in January, said Victoria.

“GDC [its local subsidiary] has set a record in monthly supply figures averaging 14.5mmscf/d and peaking at 17.1mmscf/d up to 31 January.”

Bonaberi is an industrial part of Douala, Cameroon’s second city.

In the three months to December, gas sales were a gross 654mln cubic feet (mmscf), up 5% on the previous year, with average production of 7.64mmscf per day. Revenues eased slightly to US$4.6mln (US$4.7mln).

For 2016 in total, sales rose 24% to 3,566mmscf at a daily average rate of 10.23mmscf, up 26%.

Ahmet Dik, chief executive, said: "The Bonaberi pipeline extension provides gas to the western industrial area of Douala, which is fast becoming a new hub for future developments looking to access Douala's port, power and road networks.

Broker upbeat

House broker Shore Capital added that with Phases Two and Three of the Bonaberi pipeline extension completed and new customers coming on stream, Victoria Oil & Gas has made a highly encouraging start to the current,

The ENEO contract is a two year gas supply agreement that expires in the second quarter of 2017. Negotiations are underway to renew the contract.

Exploration at Logbaba drilling programme is progressing well, though costs have risen, while net cash at the end of 2016 was US$1.3mln against Shore’s expectation of debt.

The broker has retained a very punchy 170p share price target set last year and sees lots of potential as it adds reserves, expands customer supply and delivers higher earnings.
 
- updates for sales in 2016 --

Philip Whiterow

http://www.proactiveinvestors.co.uk/companies/news/163676/victoria-oil-positioned-to-meet-cameroon-s-need-for-power-163676.html

ooopsed

The 'Share Information' page has recently been updated:

Securities in Issue

Number of shares in issue: 110,193,098
Percentage of shares not in public hands: 3.90%
Free Float: 96.10%

Holdings of Significant Shareholders

As of December 2016 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:

Name--------------------------------------Number of Shares-----Percentage of issued share capital

The Capital Group Companies, Inc----------6,966,560----------------6.322%
Forest Nominees Limited--------------------4,383,595-----------------3.978%

http://www.victoriaoilandgas.com/investors/share-information

Malcy’s 2017 Bucket List

VOG get a mention 17 minutes in:

https://www.youtube.com/watch?v=UFP2mMxqqhI

Malcy is certainly doing the rounds this week! Yesterday was an interview for TipTV (above) and today for IG:

Malcy’s 2017 Bucket List

VOG get a mention from 11:22:

https://www.youtube.com/watch?v=0hlkgsRoV3E

Big revival on a lot of oilies and miners lately.....missed out on a lot of these.....

Link to the slide show from the One2One Forum last Thursday:

http://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2017_02/4---VOG.pdf

Has to be pointed out that this is just a pundits view:

************************************************


Shares in Victoria Oil & Gas could now move “significantly higher” says Zak Mir
Share
12:22 20 Feb 2017

Victoria Oil & Gas plc (LON:VOG) is on the front foot, in terms of its fundamentals, according to Tip TV’s Zak Mir and on a technical basis the share has hit the chartist’s prior target (between 50p and 60p).

Looking again at VOG, Mir now describes the chart as being in a ‘mid-move consolidation’ pattern and he says the price may go significantly higher – his new target is now “towards the 90p area” over the next three months.

http://www.proactiveinvestors.co.uk/companies/stocktube/6946/shares-in-victoria-oil-gas-could-now-move-significantly-higher-says-zak-mir-6946.html