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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

Dead right Ellio. I hope our optimism will be justified in April/May !!!

It's irritating when things don't quite go to plan, but look at NOP over the last six months or so - went through a spot of bother in the middle of 2005 but now motoring nicely.

Soul, what is "limited by banking compliance regulations"?

Disappointing to say the least,perhaps to much expected from one well result?
But then the independant's D&M are known in the business for their cautious
estimates.
Agree with soul and ellio's points, so another month or two before we get to know.
The saying transfer of funds from the impatient to the patient might just
apply here?
cyril

Myownmoney,

Apologies, I probably confused a few people there!

I work for a custodian bank looking after pension funds' assets (NB this is not the same as being a fund manager, so I have no more stock-picking expertise than anybody else on this website) and hence am obliged to observe so-called "compliance regulations" to ensure that I am not involved in insider trading or day-trading. These include holding stocks I buy, (or not re-buying any I sell) for a minimum of 30 days. Hence I can't move in and out of stocks as quickly as some of the investors you'll meet on these bulletin boards.

Sometimes it's a drag, but can also be quite positive as it obliges me to think carefully about my trading decisions.

Soul, thanks for explanation.
I though there was something I had to watch out for when trading, not that my level would do any harm.
Roll on the good news for VOG.

After taking stock of things today, I have come to the following conclusion regarding Well 104:

It is not a 'duster' and they have had a positive result from it. However, they obviously feel that there is the potential for a lot more- hence the fracture stimulation.

I say this as the MD talks about 'maximising the information gathered', so they have obviously got something from it.

I also believe that the bit about hoping to 'further increase the potential recoverable resources at the project' is based upon the test results they currently have (the 'information gathered') from Well 104.

Therefore I believe that any talk of Well 104 being a 'duster' is nonsense.

In view of this, the best course of action is to sit tight for a few weeks. If they had announced this Developmental Update a few weeks ago, the share price probably wouldn't have reacted in this way, as fracture stimulation is no big deal in this game.

Nothing has really changed except the time frame

But time frame or delays in any business means money!

dt014... hope you're right mate! am holding on for now...normally, when I hold after releases like this I usually end up regretting it !.

Maybe it is a "duster" and the're just trying anything possible to minimse the impact when they announce the disappointing outcome... perhaps the're just making sure that they have tried everything and left no stone unturned....

Still going south but am a commited VOG fan - I reckon the support level will be 2.00/2.10 - any takers ?

crap isn't it !

Can't see why the've marked it down so badly if the news is going to be ok but just delayed!... it's an opportunity for them to pump and dump. the've pumped.. so now the're dumping... hopefully we'll see the bottom soon and it'll be time to top up with some more...

sky, mm's are there to make a market and they make money by trade volume. They mark it down and people sell...they make money. Just part of the game. Personally, at this stage I don't see this as a sell signal. There's no doubt that there is much good news factored into the price, but I'd rather hold than let the mm's have my shares cheap. I DO NOT agree that the price can be marked down 20% odd on this news. Just my opinion chaps!

I'd consider the current prices to be a buying opportunity - but am already overweight this one so am just sitting it out till May. Definitely not scared of the MM's or the bears.

In my opinion this could be a good buying oppertunity. The same thing happened with the share price when the EGM was announced. The value of the company is in the assets. Now they have some oil production they also have some income, and that will fund the drilling program, even if they turn the site into a swiss cheese on the way. You need to be an expert in the oil and gas industry to understand if the RNS was a positive or negative one. When the price drops so quickly, most people will assume it's bad news. The same thing happened with EME when they came out with some drilling results. A few weeks later it was flying. Just my opinion of course. Always do your own research.

Strawbs.

Up we go, buying opportunity gone???

Depends on how fast you move, silver :o))

we love you vog!

I love NOP and BLR too. Is that allowed?

i love kmr

READ BETWEEN THE LINES-TESTING THE ACCURACY OF THE RESULTS,I think there is more down there than they thought,but they can't get it out without another well.IMO.

27 March 2006

Development Update on West Medvezhye Project , Russia

Fracture stimulation of Well 104 and drilling of a twin well to optimise on-going testing with results expected May 2006

Drilling commenced on appraisal Well 106 with completion expected April 2006

Drilling commenced on new exploration well, Well 103, with completion expected in May 2006

The Board of Victoria Oil & Gas Plc (Victoria or the Company), the oil and gas company operating in the For me r Soviet Union; today announces an update on development of its West Medvezhye gas and gas condensate project in Western Siberia, Russia.

Perforation and testing of Well 104 continues and it has been decided to fracture stimulate the 1,100 me tre horizon to clarify its production potential. It has also been decided to drill a twin well alongside Well 104 to allow for the simultaneous fracture stimulation and well testing to increase the accuracy of the testing results.

Due to of these refinements to the testing programme full test results for Well 104 are now expected in May 2006.

Drilling at Well 106, located about two kilometres east of discovery Well 104, has commenced and is expected to be completed to a depth of 1,350 metres in April 2006. This well is designed firstly to delineate and confirm the subsurface accumulation of the Danniella Field and secondly to test the Cenomanian horizon, which is the main productive horizon of Gazproms giant neighbouring Medvezhye field.

Drilling operations also commenced at the Companys new exploration well, Well 103, on 22 March. Well 103 will be drilled to a depth of 3,850 metres to test a Jurassic horizon in an independent structure to the west of the Danniella Field. Well 103 is expected to be completed in May 2006.

Commenting today William Kelleher, Managing Director, said, To maximise the information gathered at West Medvezhye we have taken the decision to drill an additional well at 104 and to conduct extended testing within the existing wellbore. We expect to report detailed results from the Danniella Field in the coming months when we hope to further increase potential recoverable resources at the project.

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