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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

Kivver iv`e bought these on and off since 1.00 and made nice money,but still holding a substantial amount because the gas under the ground alone is worth more than the current share price never mind any more discoveries on top. When they go up they tend to fly very quickly so if you don`t hold when take off comes it can be very easy to miss the boat. Beat to have a moderate holding long term and T10 the spikes.

Sorry last sentance `Best'

well said pisces couldnt agree with you more, hope your watching KMR as well because there is a similar scenerio. i do think there are a few risks with VOG, and would like this agreement with gazprom to be made a little clearer (unless ive missed something) but reward outweighs the risk. good luck to the holders.

We are now a producer of oil, ref to Kemerkol.
www.resourceinvestor.com
An appealing way into Russian Oil and Gas.
Why no RNS?
cyril

If we are now producing oil expect the sp to rocket on Monday,an RNS to confirm would be the icing on the cake.

Well its nice to know theirs one other person reading this MOST important piece of NEWS.
cyril

Don't worry, I read it too. Not really in a position to comment on it because I'm not 100% certain they got their facts right. Would be nice to get an RNS to clarify.

If sp falls below 2 on Monday I will definitely buy another 2000 to add to my collection.If there is a positive RNS on Monday,2 will never be seen again.Better be up early on Monday then.

26 million bls+, hats more than West Medvezhye .

Yukos connection very interesting?

Whens the RNS due then?

Re: RNS required - KERMERKOL Why nicknames 4
Received answer from VOG at 6.29pm tonight. Good to the boys working hard!!

Here it is:

Dear Dave
The development of Kemerkol is on-going and re-entry operations of the shut-in wells have begun. No oil production has yet commenced, but we are anticipating first production on schedule during the first quarter of this year
Best regards
George Donne
General Manager


Therefore, there is no production as yet and we can expect oil production to commence in the next 2 months - Good times ahead as VOG will actually create an income.



WN
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Nearly off topic but not quite. If this is the same Celtic Resource as AIM then they hold approx 30% of VOG shares.

LONDON, February 6 (newratings.com) - Analysts at Alfa Bank maintain their "buy" rating on Celtic Resources (ticker: DQ4). The target price has been raised from $4.41 to $4.63.

In a research note published this morning, the analysts mention that on February 3, the company announced the disposal of its 20% stake in SVMC to Interros for $80 million in cash and $10 million as compensation for its debt to SVMC. The analysts believe that Celtic Resources would continue to develop the Suzdal and Zherek gold projects in Kazakhstan. The company is likely to consider acquisitions in the CIS, with the main focus on Kazakhstan and Russia, Alfa Bank adds.

Excellent work Dave, very positive news on Kemerkol.
CER is the one of 3 companies run by K FOO, Eureka is the other,
which released an RNS late today and is expected to shoot up(sp that is).
They sold Tamdykol to VOG,but i believe they hold 7.82%.
cyril
ps eureka has a thread here, epic EKA, you will find the RNS on it

TNK-BP Ready To Cede Kovykta Control To Gazprom-Vedomosti

MOSCOW (Dow Jones)--TNK-BP (TNKB.YY), the holding company that incorporates BP PLC's (BP) assets in Russia, is prepared to cede control of the giant Kovykta gas field in eastern Siberia to OAO Gazprom (GSPBEX.RS), the newspaper Vedomosti reported Tuesday.

The newspaper cited a source at one of the ministries to which TNK-BP had made a new presentation as saying that the company is prepared to transfer its 62.42% stake in Rusia Petroleum, the consortium which holds the license to Kovykta, to a newly formed consortium, which would include new gas transportation infrastructure built by Gazprom.

Vedomosti cited a spokesman for ZAO Renova, 12.5% owner of TNK-BP, as saying that "the company is offering to unite the technical and financial possibilities of TNK-BP and Gazprom in a joint development of gas fields, but it hasn't made any concrete proposals to Gazprom about the division of stakes in Rusia Petroleum."

Kovykta is one of TNK-BP's largest assets, having the potential to export large volumes of gas to China and south-east Asia.


Newspaper Web site: http://www.vedomosti.ru

dthomson - Thanks for posting the major finds and articles on here. I don't have access to advfn from work, so I'm usually left in the dark until I get home :(

What was with the 7p spread in the last 10 mins? They kept lowering the bid but the offer was held firm. Filling a large order and trigger some stops perhaps?...

Gazprom wants 20% of British gas market Tiptree429
The Gazprom Challenge for Britain and the EU

Financial Times

Britain is normally open territory for foreign bids and takeovers. But offensive government moves can occasionally be worrying, and one has to gulp at the prospect of Gazprom possibly bidding for Centrica, which has more than half the British retail gas market. This produced shivers of anticipation for Centrica shareholders, but also shivers of fear about the implications for competition and security of supply.

The prospect is certainly not immediate. The speculation was sparked by Gazprom managers who tend to be looser in their talk about takeover targets than executives of Western-listed companies can be. But it was plausible.

Gazproms stated aim is to supply 20 percent of the British gas market. It hardly needs to own a retail company to achieve this, but the fact is that Cen-trica is short of gas (having lost gas fields as part of liberalization) while Gazprom could scarcely be longer on gas. If the Russian company were to make a move on Centrica, it would be following waves of U.S., German and French companies buying British energy assets since liberalization.

But Gazprom is special. It is the old Soviet gas ministry turned into a company that is now under more effective Kremlin control than ever. Its recent behavior in Ukraine showed it to be an instrument of Russian state policy. It can be argued that if Gazprom were to pay several billions to acquire Centricas customers, it would have an additional reason always to keep them warm. But in normal circumstances (excluding the geopolitical factors to which, unfortunately, Gazprom is inherently prone), the relationship between gas producers and customers is closer and more cooperative than exists in, say, the oil trade. Long-term gas contracts and fixed pipelines usually create something like a marriage between supplier and consumer, compared with more flexible and promiscuous transactions that characterize the oil trade. So the extra security gain from Gazprom having an onshore stake in Britain might not be big.

Any Gazprom-Centrica link would also recreate the vertical integration that energy liberalization in Britain was supposed to break up. Combining Britains largest retailer together with such a big producer would require burdensome regulation to monitor such practices as predatory pricing. These issues of competition and security of supply will have to figure prominently in the energy reviews that both the British government and the European Commission are currently conducting. Even if a Gazprom bid never materializes, other big energy producers with rising profits from a tight market could hit the acquisition trail to buy retailers. Before that, it would be wise to have thought through the implications of such bids.


This comment ran as an editorial in the Financial Times.

http://www.times.spb.ru/index.php?action_id=2&story_id=16745

Hey DT - Is that the reason for today's excellent rise!? Or are there rumours of positive news tomorrow?

Russia challenged to stabilise gas supply
By FT reporters
Published: February 8 2006 21:01 | Last updated: February 8 2006 21:01

Leading European nations will this week challenge Russia to make good on its declared commitment to put energy security at the centre of its G8 presidency. Moscow will be offered incentives to liberalise its gas industry with a view to safeguarding European supplies.

Amid rising concern about Russias reliability as a supplier of gas to western Europe, France intends to use this weekends meeting of G8 finance ministers to offer the hope of financial support if Moscow agrees to diversify its energy exports.

Britain, Italy and the European Commission support the French objective for Russia to sign up to energy rules. In a plan, France will offer to provide longer term contracts to Russia for energy supply and help arrange financing from the World Bank and other international bodies to build more gas pipelines.

European countries want Moscow to loosen its grip on the Russian oil and gas sectors alongside measures to help poor countries deal with record high oil prices. Thierry Breton, Frances finance minister, will put forward proposals designed to encourage Moscow to ratify the Energy Charter Treaty, creating a legal framework for the energy sector. Russia has signed the ECT but has been slow to ratify it.

Talks continue with the other 50 signatories to the treaty over a set of rules for the transit of oil, gas and power across borders. A European Commission spokesman said yesterday that it had prepared a new version of the Transit Protocol, which it hoped would be acceptable to Russia and other ECT members.


G8 ministers not confident of securing reliable oil supply
Click here


A French official said such an accord would open up Russias pipelines to other Russian gas producers, breaking the monopoly held by Gazprom, the state-controlled producer.

Earlier this year Russia cut gas supplies to Ukraine, Moldova and Georgia in disputes over prices. Europe is Russias main gas market and the EU is expected to grow ever more dependent on Russia to satisfy its growing appetite for oil and gas.

One Western energy diplomat described the French proposal as wishful thinking. G7 attempts over the past two years to cool energy markets have been unsuccessful. Some sceptics said Russia was unlikely to be interested in taking on more debt to finance pipeline construction, when it was looking to repay some of its debt and develop liquified natural gas.

However, it will place Moscow in the difficult position of having to reject a proposal designed to meet the stated goal of its G8 presidency. The G7 deputy finance ministers are due to hold a preparatory meeting today in London without the involvement of Russia, according to an official from a G7 country.

Oil futures were trading at about $63 on the New York market yesterday.

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AEROTUS-Your guess is as good as mine,rumours of a takeover were rife at close of play yesterday too!!!!