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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

Keep tracking it down, I say (meaning, don't catch a falling knife!). If it gets too tempting I'm topping up again. I only sold because I was sooooo overweight this stock and didn't want to sit on my hands in case it did exactly what it's done since, which is to accelerate into some sort of freefall as investors spent the weekend panicking and came out in force to sell today.

The main indices are still taking a whipping, so expect this to descend for a while longer, I should think. Don't ask me what effect any good news is likely to have - it will be an interesting litmus test of the market.

VOG is 170p now...will it go down further from here since it crumbles through the 200p resistance?

The share is going down because of the market. Have faith in this stock.

guaranteed to go to 150p at least.

Maybe more!!!!!!!!

IMO this share is valued to a large extent on speculation - projections of resources - rather than fundamentals such as revenue, production, profits, etc. That's okay in a bull market as there is plenty of support for the prices, but not so good in a bear season.

The SP did not react well to the recent good news and I wonder if further good news will be enough to slow it down. I'm thinking of selling another chunk - I am fortunate enough still to be in profit - and waiting a while as I am beginning to think it may take a while for some of these resources companies to turn around. Even those that are producing, such as JKX, are taking a similar pasting.

This might regain a few pence tomorrow, but there could be more downside out there in view of the negative stance in the market.

WDIK, all IMO.

Well, well, well . . . up 19p this morning.

soul* - unlike many other companies, even CHP and especially ELP(!), VOG has actually proven its assets. On that basis, surely it ceases to be a blue sky company and enters the world of reality

I thought proof was still ongoing - last RNS mentioned the geological probability of success of the drilling.

I may well be wrong, but I am under the strong impression that not only have they found very significant quantities of gas, but the last report (Well 106?) legitimately increased the reserves 3-fold from memory ..... It was on the back of that the price then went to 260 with a couple of analysts upgrading fair value to 330 ...... Reports from further test wells (103 and 104-bis) are expected shortly.

these are getting battered atm. wasn't going to buy these but seriously thinking about it didn't think it would see these levels again?. any thoughts why?

No fundamental changes as far as I'm aware, but the market doesn't like any risk at the moment, so your being offered them cheap. Of course cheap is only a measure of previous prices, not future ones........ Personally I would avoid buying anything that "seems" cheap at the moment. With so much volatility around, you could get some very nasty surprises! I'm 100% cash at the moment, and I've been tempted a few times to buy back some of my "former darling" stocks, but when I come back a few days later, I've seen them down even further. Prices are at least as much about confidence as fundamentals.

Strawbs

Maybe I will follow u, Strawbs, being 100% cash. Very tempting at this stage.

Everyones choice is a personal one. I didn't want (couldn't afford) to loose the profit's I'd built up. I was also worried that other people might feel the same......especially if things got worse!


Strawbs.

anyone in goo?. interesting few months ahead.

Strawbs talks sense, though I confess to still being quite heavily invested.

Lizard ... I for one hod GOO as do a number of other "friends" here ...... There is a current thread on this stock

Cynic,

First time anyone's said I talk sense.... :-)

Slightly off topic: I've been playing with a demo CFD service for the last few days. Mainly to see if I'd be any good at trading (as oppossed to investing). God it's scary. How do you guys make any money. I've lost about 45% of the "pretend" cash in 2 days. Suppose I wouldn't be that reckless with my own cash, but easy to get carried away. Back on topic. It just compounds my fears of what could go wrong if people are trading with big losses on these margin products, and the rug suddenly gets pulled out.......

Strawbs.

Strawbs,

I have never CFD'd, but have been thinking about the principles recently. It strikes me one is better served CFD'ing when market conditions are stable and you can be more or less certain of the direction in which an SP is likely to head. Just as with short-term trading ordinary shares, in other words.

Soul Traders,

I think you're right. It's the first time I've tried using them, and it'll be the last. I don't know if spread bets are any safer (I've never used them either), but I'm sure these geared products are influencing market volatility, one way or another. I suppose with the correct training both could be used safely, but still too scary for me.

Strawbs.

Spread bets are like firearms, Strawbs - extremely dangerous in the wrong hands!

I would consider CFD'ing, but spread-betting could result in lots of tears. I can still imagine situations in which they could work for me, but one would have to be very prudent about their use.

You are right re market volatility - I read an article this week in which it was mentioned that these products exacerbate the kind of swings we have seen recently on the markets, although by how much I cannot remember.

Soul,

I was starting to look at both, from the point of view of being able to short, as that's my inclination at present. Spread bets are at least tax free, and on the surface seem to be no less risky than CFD's. Not sure I'm cut out to be a trader though, so unless I can find one that's virtually risk free (e.g. you can only lose what you have on account, and not be liable for potentially spiralling debts), I think I'll give them both a miss.

Strawbs.