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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

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)

s traders what is not known by the pis is how much longer this rns will be,the longer it takes the s/p will decline further,the race is on for the board to get it released good or bad asap.

Of coutrse, some of the sales may well be forced by stop losses or even some pis who, unlike me, got in at well below 100 and are just ensuring that they have some profits booked .... and perhaps with a view to buying back cheaper if they can.

I think Ambrian said that RNS should be out around mid June, and certainly before month end

Another bad day in the markets is on the cards tomorrow due to Mervyn Kings comments tonite,,, be interesting to see how VOG holds up.

skyhigh the markets were all ready called down 35 points by ig index due to the dow sell off in the last hour of trade which uk call be marked down from the off thats without his comments.

That can only mean it'll be even worse ! fastens your safety belts ! unless of course the markets have already factored it in and the fall won't be that bad... let's see how it goes !

Yep ! it's ugly ! market down 82points alrady

Morning all (still, just!).

A bit choppy out there again today! Any views on what price the market might begin to call cheap/oversold? I'm thinking somewhere below 100 million, which could mean an SP of 87p, but really until some of the resources start getting booked as reserves (i.e. oil or gas that they know is in place and they can recover in commercially viable fashion, not just good-looking seismic), then this stock is going to be subject to the winds of fortune. Which means Bernanke and his pronouncements.

Not panicking, still in for the long run. In two years' time we'll probably all look back on this summer as a missed buying opportunity.

Victoria Oil & Gas Plc (the 'Company') was notified on 13 June, 2006 by Man Financial Limited that its holding in the ordinary shares of the Company was 4,139,510 representing 3.59% of the issued ordinary share capital.

any significance of the use of the word "was"?? does this mean Man Financial sold its holding??

no .... otherwise it would have been worded differently ..... but such a holding is pretty minimal and of no real consequence

i said 130p last week and everyone again here laughed.

it pains me to say that i was right again. next stop is 100p

scotinvestor, what makes you think this?

scot ..... when baby is thrown out with the bathwater, a downward prediction of any kind is easy to make, whatever its merits ...... For the time being, I shall sit tight with these and play ducks and drakes with the indices

I saw this article in the FT. don't know if it's relevant or not. Have VOG found enough reserves to qualify?



--------------------------------------------------------------------------------
Main page content:
Russia further restricts foreign oil groups
By Arkady Ostrovsky in St Petersburg
Published: June 13 2006 21:06 | Last updated: June 13 2006 21:06

A senior Russian minister on Tuesday proposed tightening restrictions on foreign oil companies and increasing the number of oil and gas fields which the government defines as strategic, in a sign of increasingly nationalistic policy towards energy resources.


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Speaking at an international economic forum in St Petersburg, Yuri Trutnev, natural resources minister, said his proposal was designed to protect Russias national interests.

We dont consider it energy egotism. We consider it concern for our national economy, Mr Trutnev said of the strategy.

Under Mr Trutnevs plan, foreign companies, or those with 50 per cent foreign participation, would not be allowed to develop fields with more than 70m tonnes of oil and 50bn cu m of gas. The ministry had initially said the cut-off would be 150m tonnes of oil and 1,000bn cu m of gas.

Mr Trutnev suggested the proposed restrictions would particularly affect TNK-BP, the Anglo-Russian joint venture. The new proposals are set to form part of a draft law which has been in preparation for over two years. It has been presented by Vladimir Putin, Russias president, as creating predictable, precise and transparent rules.

Addressing foreign investors at the economic forum on Tuesday, Mr Putin said: The advantage of our country is natural resources. This is the sector that attracts foreign investments. He said the new law did not mean foreign investors would be barred from [strategic] fields: The only question is the mechanism of control.

Mr Trutnev singled out ConocoPhillips, the US oil company, which has a minority stake in Lukoil, as a preferred model of co-operation. But analysts said the new rules would extend the domestic dominance of Gazprom, Russias state-controlled gas monopoly and Rosneft, the state-owned oil company.

The proposal comes three days after Russia agreed to the inclusion of the energy charter treaty a document promoting the opening of access to oil and gas infrastructure into a final statement by G8 finance ministers.

But Alexei Miller, head of Gazprom, said the treaty did not reflect reality in the gas sector.

Attempts to limit [Gazproms] activity in the European market and to politicise the question of gas supplies  would not lead to positive results, he said.

Dmitry Medvedev, Russias first deputy prime minister, who is also the chairman of Gazprom and is tipped as a possible successor to Mr Putin, pledged stronger backing to Russian companies seeking to expand in foreign markets.

He said: Russian companies lose in competition not because of low quality and high costs, but because of the absence of an effective system of support.



As for the shareprice, it looks like panic selling has driven it this low. I noticed some support and a lot more volume at 122-127 level. Directors bought in around 1 in the rights issue last year so that should be a pretty solid support but I doubt it will actually test it. I think a bounce may be in the offing............

I sold out of these around 2, trailing stop rescued me there. I've gone back in twice to a lesser degree at below 1.50 but it's been like a falling knife so far.

Good luck all,

Bonfield, an interesting if worrying article. It's difficult to be sure of what is meant as the words are a bit weaselly. What, for example, is a "field"? A license? A prospect? A series of hydrocarbon hits in the same geographical area?

EDIT: VOG might be hit by this new law if they find gas in the volumes for which they are hoping, i.e. 5.5 trillion cu ft. 50 billion cu m is just under 1.8 trillion cu ft, if my sums are correct.

As to the SP, I'm not sure if technical analysis is much help at the moment as the market is so unpredictable/irrational. Might be better to watch and wait for a solid upturn on good news or a clear realisation that things are oversold. Which may still take time. Just an opinion; contrary views welcomed.