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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

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.

Isn't Ambrian's buy recommendation a bit of a biased opinion, seeing as they are VOG's appointed brokers?

Cynic, another of our (rare?!?!) agreements :o) I haven't got the benefit of your connections, but experience of other oilers calls to mind charts just like the current one of VOG - sooner or later comes a deep valley born of fear and indecision, followed by a spectacular rally when good news comes through.

Rumours of a dry well? Let's be honest, that kind of talk is cheap. Anyone can speculate that a well has failed and in the absence of anything concrete it takes on the form of truth amongst the nervous. Crikey, I'm starting to sound like TFC . . .

Watch for buying opportunities, don't catch a falling knife, IMO.

Yes though they must still work within pretty tight rules and guidelines ..... or at least so i would have thought ...... they also explain how they reached their pricing - i.e. NAV of 512 reduced to allow for risk factor.

poor end to the day if you are long, what is worrying is the blocks of 50k & 75k of shares hitting the market do they know bad news is in the way?

Woodie, if I was a City big boy with time on my hands I'd be doing a few crafty shorts or trimming my long positions to buy back at a lower price.

I'd be willing to bet that this SP sheds another 20p or so, which is a nice little earner for a few clicks of the mouse.

Holding my nerve - the worst that can happen is that I'll get skinned alive. :o)