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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

Hawick,

There's a big difference between Gas in Place and Recoverable Gas.

Two articles at FT.COM for reading, I am not a subscriber so cannot post/read the full articles;

http://news.ft.com/cms/s/89003dc8-58a0-11da-90dd-0000779e2340.html

Victoria still rising on Siberia claim
By James Boxell
Published: November 19 2005 02:00 | Last updated: November 19 2005 02:00

Shares in Victoria Oil & Gas continued their relentless upward march yesterday in the wake of the Aim-listed exploration company's claim that it had made a large potential gas discovery in western Siberia.

Victoria's market value has trebled to almost 100m in the past week, despite the fact that there is no guarantee that the well will provide commercial quantities of gas. Victoria paid just $11m (6.4m) last year for its three-quarter share in the Russian field, which is adjacent to other large gas-producing regions............
The rest of this article is for FT.com subscribers only

___________________________________________________________

http://news.ft.com/cms/s/7cfc92b0-58a0-11da-90dd-0000779e2340.html

When Gazprom is Mr Foo's only potential buyer
By James Boxell
Published: November 19 2005 02:00 | Last updated: November 19 2005 02:00

This week's mad rush to buy Victoria Oil & Gas shares will evoke painful recent memories for many British investors.

Earlier this year, First Calgary, another Aim-listed company with a large gas discovery, put itself up for sale and sparked a boom for oil and gas stocks that left shareholders nursing a heavy hangover.............................
The rest of this article is for FT.com subscribers only

Thanks Chienti, amazing, where are they quoted?

Kiwi there's an even bigger difference between a 0.5 million market cap and 110 million.

Heritage gotta be worth a punt imho.

No I thought that but the statement is for gas in place not recoverable, a similar example I found recoverable was only a 30th of gas in place. The australian company which has right to 3/4 barely moved, I would suggest it wont be the miracle we where hoping for

perhaps this will help no miracle required with heritage, jimbobb though I note the tone of your post, so perhaps you hold VOG and you are worried people might sell and switch.... -;) Understandable! Or maybe you don't trade Ofex - yet:
' Evaluation of the data
base covering additional potential resource areas is continuing.'
And perhaps even more significantly:
'Based on this and the initial analysis of areas outside of Saint
Avold and Alsting, it is expected that significant increases to Kimberley's GIP
calculations are likely.'
Given that production is expected to start next year, clearly the company is very confident of its recoverability. A great opportunity you can still get in on. -:)

no, if I thought HEP was going to soar then I would be in I was planning on getting on but check the partner kimberley oil KBO on the australian stock exchange ASX, barely moved today.

hawick: HEP sounds to me like a methane drainage operation, a lot less productive and profitable. Lots of small companies are at it, REH for example.

sorry

WHICH STOCK ARE WE TALKING HERE.

Sorry posted on the wrong board thats Empyrean Energy

SOME NORMALITY RETURNING,LETS HOPE.

There are similarities between VOG and Aminex.
There is huge upside potential in the SP of both companies but the risk of being shafted by :
Gazprom or the Russian Govt (in the case of VOG)
North Korea govt or oil major (in the case of AEX)

If you think that VOG may just be able to negotiate a fair deal with Putin, Gazprom and co then the shares are a steal. If not then avoid.

IMO the current SP is worth the risk so I'm in at 96p (Thursday) and 132p (Friday).
Never a dull moment with VOG !!!

Mono

i had the same thought after haVing the russian seeto oVer sbe but thought could get some more running out of this .

oh dear we seem to like this for around a 1 pound today the buy to sell looks about the same lot of profit taking would buy at this price got to sell something to rase cash .

Can't help thinking this is a majr tree shake, the facts are very solid and this will be 200p by end of week imo.

I originally bought some at 57p, and have added more at 99p.

I am not an expert in the oil/gas area, but common sense suggest that there is a greater chance of finding further gas in nearby areas once a field of gas has been found. VOG have three further areas nearby to drill. Recently, Executive Director William Kelleher said;
'Today Victoria has had a recoverable gas resource of half a trillion cubic feet
independently confirmed at our premier asset, located in Russia. This resource
potential is based on just one discovery well. In 2006 Victoria will proceed
with the drilling of three additional wells at West Medvezhye. Successful tests
of these wells will enable us to reclassify current resource volumes into
reserves and to explore further the resource potential of this significant
project in one of the world's premier regions for gas and gas condensate
production'. This to me sound a good risk at the current price.

Some analysts are valuing VOG between 306p and 500p. I cant see that happening short term. But the prospect for more upside is there. Todays shakeout was more or less expected. Lot of people had bought this share at 45p/50p, there is bound to be some profit taking. After looking at various risk factors, existing discoveries and the potential discoveries, I do however feel 200p/250p is a possibility.

I agree with you kaymarts about the short term target

Which analysts are predicting 5?

Which analysts are predicting 5?

the more optimistic ones !!!

Mono

Hi tallsiii,

The above should have read a fair value of 300 and NAV of 500. For you information, Zac Phillips, an analyst at stockbroker Ambrian is saying a fair value for VOG at 306 and NAV of 501.