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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

I suspect it's activity on the order book pushing the price down again. I would continue to avoid for now. Someone clearly wants to sell and that will hold the price down for the time being. Probably worth holding if you are waiting for the latest update, but certainly not worth buying until some stability returns. I suspect the price will get a lift with a good RNS, but in the current bear trend I doubt that the rise will be sustained or long lived. IMO.

Strawbs.

SP this morning is certainly a bit scary and hairy (unlike me!) but fall seems to be on very small volume indeed, though would have been much happier to see sp charging ahead on same.

Cynic,

Off topic: Have read your book recommendation of a few weeks back (Mark Shipman). Interesting read, and I guess a little "Slater'ish" in terms of crowd following principles. Thanks for the recommendation. Pretty good read.

Strawbs.

Interesting isn't it ...... I don't agree with him 100%, though he hedges his bets so to speak by taking up to a 10 year view! ..... However, he is certainly right to say that dealing in the commodities themselves, one avoids the vagaries of Shar X being a market fave or otherwise, for either good reason or bad.

Tried to log into his site a few weeks back, but could not get the required "acknowldegment", but will try again.

I'd agree, in that I don't agree with 100% of what he says, but certainly the first part of the book is very much in line with my own stratergies of identifying early trends, backing them, and most importantly sticking to an exit plan. Not sure if I'll become a commodities buyer just yet, but interesting all the same.

Strawbs.

we need a 65% rally to get it back to previous highs !- what a battering?.

yeh.. it's beyond a joke! very dispiriting!

I hate the colour of blood too, but get a small amount of comfort that the fall is not on any great volume ...... currently about 800k against a daily average of 2.25m

it's getting absolutely bad. just keeps on falling... when will it reach the bottom ?

that's what I mean, it would take some pretty significant news to push the SP up 12%, so I'm wondering what it could be that's pushing it down 12% ??!!

somebodys' having a laff at our expense!... what a scam this is turning out to be!

It's only speculation, but what I think is happening in the market is this:

Profitable positions are being liquidated to cover losses elsewhere.
This is pushing the price down and forcing other leveraged buyers to liquidate positions.
This is forcing stock to be sold at any price.
This pushes the price down further and creates downward momentum (a vicous cycle).

If I'm right, other recent high flyers will start to get hit as the ripples spread out.

Strawbs.

For what it is worth, there seems to be neither news nor even rumour in the market to have precipitated this frightening fall ...... Hope Strawbs is right and that the RNS, due in 1-2 weeks will do more than settle nerves

Just spoke to someone who told me that the big fall MAY be due to rumours that they've hit a dry well...any thoughts?

To be precise. I suspect a positive RNS will settle, and perhaps improve the price a little, but I would avoid buying until the new price trend is sustained. A rise in price may not last, especially if there's further negative inflation news (several possible indicators this week, especially US CPI on Wednesday). Individual holders will have to decide on their own stratergy as far as holding or selling into strength is concerned.

Strawbs.

no such rumour in the market that i can discover, but inevitably that is always a possibility, though I would have thought not too likely ...... Arguably the new test drillings have not come up quite as productive as might have been hoped ...... However and to repeat, there seems to be no scuttle going round the market.

cynic, how do you know the new test drillings have not come up quite as productive as might have been hoped? Was there any news that I've missed?

I don't know at all! I was merely positing an alternative reason other than a dry well or even no good cause at all ..... You misread me slightly and/or sorry if I misled!

no probs. another reason may be that investors are starting to think the whole compnay could be overvalued? it has risen over 400% in the space of about 10 months, could it be that this initial jump was an over reaction, and the recent falls in SP are simply a correction? I really hope this isnt the case anyway!

By chance I have spoken to 3/4 peeps in the investment world who hold these shares and are not connected with each other. As also recently posted, Ambrian have reiterated their BUY on weakness recommendation with a risk-adjusted fair value of 330. IMO, unless there is some nasty news lurking, this must be a low risk buy.