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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

Bonfield, it's more likely to be a glitch, isn't it? Otherwise we'd all get rich screwing the MM's (now there's a thought!).

yes but 2.4m buys v 545k sells so far.

sp is now recovering quite well havinmg suddenly dropped to 153 mid it is now 161.5 ...... bad enough, but still

Personally I'd still avoid buying. Although it's one of my former "darling" stocks, and has some very good assets, the market sentiment is far too negative in respect of riskier plays at the moment. Those bullish on the stock can only support the price for so long, and I wonder how many of them have simply bought to make a "quick buck" from the next RNS. A sound stratergy, assuming the RNS is good, and there are enough buyers around to sell on to.

Strawbs.

I was merely observing rather than recommending to buy! ..... markets are far too scary at the moment

Cynic,

Sorry. I didn't mean to infer anything. I was just commenting generally.

Strawbs.

no apology required ... lol!

has anyone got a good/logical explanation as to why we have 2.5m buys vs 0.5m sells and yet the SP is still down 13??

just as a thought ...... i guess it's possible that there is an intrinsic and underlying demand for stock and sp is merely being marked down in an attempt to force some sales (stopped out) ...... however, if there are 3/4 MMs, that is probably unlikely as too difficult to coordinate between them (and illegal!)

Queen,

You probably need level 2 access to understand, but I'll try and explain (as far as I understand it). Firstly you have the market makers, they must buy or sell, and they can dictate the price. Then you have the order book, where others offer to buy or sell blocks of stock, but they can withdraw those orders before they are dealt if they want to. You see the best buy and sell orders on level 1, irrespective of where they come from. Remember that market makers must buy or sell, but they generally only deal is certain sizes, so as each size block is filled, they switch from being a buyer to a seller, or vice versa. They will either be buying at a higher price (rising share) or a lower price (falling share).

Today the order book filled up on the sell side with orders (presumably because someone was desperate to get rid of some large blocks of stock). Each time a sell happend, the market makers (who where supporting the bid), where coming back with lower bids as each of their blocks were filled. The price stabalised when orders where put in on the buy side, so that the market makers where no longer buying and supporting the price.

In affect. People are buying from someone who is desperate to sell, rather than from the market makers. Of course if someone was desperate to buy, the price would go the other way.

Hope that makes sense.

Strawbs.

With the market in such a "correction" phase is the share price likely to take off even if the news we await is very good. I have seen the valuations posted and even taking conservative estimates of say, 10 a share in the next few years I would have thought that VOG's share price should have held up better.

Another way to look at it is this. You could buy from the shop (market makers), which means there are fewer left in the shop, or you could buy from me. This still looks like a "buy", but it doesn't affect the levels of stock that the shop holds, because one owner has been changed for another. If the shop decides it want's to sell it's stock for less, then the price will fall, even though it looks like there are hundreds of buyers around.

Strawbs.

Impossible to say where the price will go. I suspect there are lots of other mechanics at work here, rather than just a degree of negative sentiment. If I had to make a best guess, I'd say a good RNS on a good day will see the price rise, but if people have bought in to support losses elsewhere, then the rise could be short lived.

Strawbs.

majormoney ...... i don't know where you get 10 as a conservative estimate of value over the next few years, but sounds more than a little wishful ...... However, I do know that Ambrian's fair value was 330 based on NAV of 512 and then stripping out the Khaz risk factor

this is still going down.................150p at least but i think 130p. am i the only one here to see sense

scot ...... 130 on the basis of what? ..... and if 130, why not just 30?

well if he is that confident he should just short it!.

perhaps he has

Cynic, I don't think a valuation of 1.2 billion for VOG or so is out of the question, which is what you get for your 10 a share. If VOG really does claim reserves of 1.1 billion boe - and we wait with bated breath for results of ongoing appraisal explorations - then 10 would be cheap; we'd surely be talking Cairn Energy territory, more or less.

Assuming energy prices hold up, then why not? FYI I do my sums with $50 oil to be a little on the safe side.

WDIK, PDYOR. Counter-arguments welcome, etc.

PS - 30p a share would be great - we could all bet our mortgages/pensions/grandmothers' hip replacement funds on this stock and wait for VOG to do a Cairn Energy. Then I could buy myself a chateau in France on the proceeds.

Isn't it Buffett who prays for the stocks he holds to plummet so he can buy more??