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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

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!!!!

Do any of you guys know of any further rumours today? Looks like VOG is just about as high as it was a month ago and appears to still be climbing.

Would BG ever be interested IN Victoria Oil, I am saying this as they already have an interest in Khazakstan..

BG sets higher targets from 2006 and beyond as profit soars

LONDON (AFX) - BG Group PLC has set ambitious targets from 2006 and beyond
after it unveiled robust earnings in the fourth quarter of 2005.
It raised production target for 2006 to 600,000 barrels of oil equivalent
per days from 580,000 boepd.
It also pledged to raise volumes by around 5-7 pct per year in 2006-09 and
6-10 pct each year in 2005-12.
BG will spend 2 bln stg in 2006 for its various projects to support these
goals, and a further 4.8 bln stg in 2007-09, and 6-7 bln stg in 2010-12.
"We are working on significant expansions and new opportunities, combining
to make the outlook for future growth very positive," said chief executive Frank
Chapman.
BG made the announcement alongside a strong set of fourth quarter
results,propelled by high gas prices and production.
In the three months to December, the group's net profit before disposals and
re-measurements rose 114 pct to 504 mln stg from 236 mln last time.
After those items, net profit rose 96 pct to 463 mln stg from 236 mln,
matching the consensus figure of 463 mln.
monicca.egoy@afxnews.com


Kazakhstan

* Karachaganak is BG's largest exploration and production field. It has
seen annual production growth of 20% over the last five years.
* With the first two phases of the field's development complete, BG is
currently focused on improving 2006 performance by debottlenecking the
plant to increase exports to Western markets by 10%.
* The next phase of Karachaganak's development will see a fourth
stabilisation train installed by 2009 increasing total liquids production
for export to around 10 mtpa together with a significant increase in the
field's gas production.
* Hydrocarbons in place amount to 9 billion barrels (bbls) of liquids and
48 trillion cubic feet (tcf) of gas and BG is studying plans for the
further exploitation of the field's huge potential.

They have a press conference at 2.00pm today...

Excellent piece in today's Investors Chronicle by Jim Slater on why we should all be investing in Oil and Mining stocks during this resource supercycle.

China: How Jim Slater plans to profit.
One of the UK's most respected investors, and author of The Zulu Principle, explains the case for investing in oil and mining stocks.

Mainly states his view that due to China's voracious consumption of oil and metals as it tries to catch up with USA, large amounts of cash are going to be rolling into the coffers of oil companies and miners for years to come.
And their shareprices will go up and up and up as a result.

And we all say 'aye' to that.

Author RecsAll1+2+3+4+5+10+20+
22:15 The Times - Boom in Russia Contractor1
Now that Russian wealth is becoming more widespread, no doubt their people will want their recent prosperity to continue.

The electorate demand: government consider and implement policy. As they say in America: "It's the economy stupid".

Apparently the exportation of oil and gas to the rest of the world has turned the Russian economy around. The assets of the old Soviet Union may have been sold off at knockdown prices, but at least it has stimulated growth.

Moreover high oil and gas prices in western countries has brought in much needed revenue for their economy.

As a result of their policy changes it has created a win-win situation, for their people and investors alike, which of course includes shareholders in our company.
Contractor

The Times February 11, 2006

High oil price fuels boom of Putin's new middle class
From Jeremy Page in Moscow

VLADISLAV SAMOYELOV liked the extra power of the 1.6-litre Mitsubishi Lancer. His wife, Valeriya, wanted to splash out on air-conditioning to keep her cool in summer traffic jams.

They agreed, as they browsed the showroom, that after years of discomfort on Russian roads they were ready to fork out $15,000 (8,500) on their first foreign car.

A short time ago such a move was unimaginable for ordinary Russians. It took years on a waiting list to get a car in Soviet times, and few could afford a foreign brand after the collapse of communism. Now Russians are buying cars in record numbers as they ride the crest of a consumer boom based on record oil prices and unprecedented political stability.

This year, Russians are expected to buy 840,000 foreign cars, equalling sales of domestic brands for the first time, according to Rolf, the countrys biggest dealership. Last year they bought 570,000 and only 150,000 in 2002.

Price is not the main factor for most people now. They are looking for quality and comfort, Valeri Tarakanov, of Rolf, said. Russians have money to spend. It is a sign of how ordinary Russians are benefiting from prolonged economic growth thanks largely to oil prices above $60 a barrel.

The growth rate of that elusive creature, the Russian middle class, political analysts say, has big implications for the development of a country that has historically been dominated by a small political elite.

Sociologists are divided over how to measure the middle class: most use criteria including real income, property ownership and job. A recent study by the Russian Academy of Sciences estimated it at 20 per cent of the population about 30 million people with an income of $1,000-$1,500 a month a head.

That is food for thought for finance ministers from the G8, who meet in Moscow today to focus on the oil and gas that Russia sells to the world.

But in boardrooms across the globe, the buzz is about what the world can sell to Russia. Since President Putin took power in 2000, the Russian GDP has grown by an average 7 per cent a year. In the same period, dollar income per head has grown by nearly 29 per cent annually, faster even than in China. As a result Russians have been on an unprecedented spree, buying middle-class accessories such as mobile phones, home computers and holidaying overseas in Turkey, Egypt and Thailand.

Critics are quick to point out that average per capita monthly income is only $298 and most of the wealth is still concentrated in Moscow and St Petersburg. But money is not the only thing. Its a question of attitude, too, making your own decisions thats whats lacking in Russia, Masha Lipman, of the Moscow Carnegie Centre, said.

There are signs that the middle class is growing beyond Moscow and St Petersburg.

Ikea has three megastores in Moscow, but it also has one in Kazan and is building outlets in Nizhny Novgorod, Yekaterinburg and Rostov. Metro, the German cash-and-carry store, has 22 outlets in 14 cities as far afield as Ufa, in Bashkortostan, and Tyumen, in eastern Siberia. Rolf, which sells a f
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Not sure I understand this thread anymore, can we start a new one?

Yeh ! let's keep it simple (and focussed on VOG!)