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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

DO YOU MEAN (VOG) OR (EME)

Does anyone know whats going on? Its just dropping even further

it's unacceptable that vog have let price drop this far without releasing some kind of statement to clarify the situation...

Its a disgrace VOG. They should release the bloody news.

I think it's safe to assume that VOG is as concerned about the SP as its shareholders are. Previous posts bear this out; if you read back you'll find someone did actually have a chat to one of the managers/directors, who was as reassuring as he was able to be. However, if they have no update to give other than the fact that operations are continuing, then there's little for them to say that will have much of an effect.

In any case, I've read so many conspiracy theories about the state of the market in the last month that even if VOG did issue some kind of reassuring statement there would still be people who would say it was a ploy to massage the City boys, or something.

Sorry, peeps, but these are the effects of a bear market. However, at the right time it'll be a stunning buy opportunity if VOG lives up to its potential.

Anyone needing any comfort should take a look at the massive rebounds on the charts of SBE and NOP over the last year or two (bearing in mind that SBE's chart, e.g. on FT.com., was cut off at the bottom of the fall due to a share consolidation, so it in effect looks like a new listing, but its actually a stock that dumped its load big-time in late 2005 after a suspension on AIM).

As long as VOG confirms its gas reserves, it'll do a similar rise too.

All IMO, PDYOR, etc.

Scotinvestor, it pains me to say this, but I think you're right about 100p being in sight. Okay, I don't score any points for making the observation when 110 has already been and gone . . .

And if we go through that (and I am certain we will), then expect things to get bloodier than ever. High share price + next to no income + bear market = Stock in free fall.

However, a thought: People who want to get poor quickly will look at the present and sell at the bottom. People who want to get rich quickly will look to the future and buy at the bottom.

And if I post any more "Chinese proverbs", Cynic will smack my bottom.

they are flogging it off because they know they can get away with it- notice no rns after 3pm so highly unlikely it will not come today so sell. hopefully if and when it comes it is good otherwise we are fucked even further. sorry for the language but lost on paper a load and don't care.

Agree, we've all been shafted... I bought in at 2 before it went up to 2.60. i then went in again at 1.72...

mms ought to be shot for what they have done....and i ought to have my examined for being taken in by it all!

can only sit tight now and hope and pray it recovers !

Get out of VOG while you still can.

This is a Regal Petroleum job again.

All oilers are being hit hard so not just a VOG problem. Many employees of VOG took shares instead of payment last year so they are just as concerned as all the PIs. This will come back and stronger than ever as the fundamentals of the company are exactly the same as they were when the price was two pounds sixty.
Should see some blue tomorrow with the dow up 60 points as I type.

Get a job and talk some sense.

The fundamentals are unchanged here. We have oil production at Kerkomol. We have 100% ownership of a hugely promising gas field. We are on the lookout for acquisitions.

How low can it go? No lower than the value of the Kerkomol oil reserves and the value of the gas field.

There is a good thread over at ADVFN which has Kerkomol proven reserves (ie. not including any 'potential' oil in there) valued at 36p per share. West Med gas contingent volume valued at minimum of 13p per share. Wed Med condendate valued at minimum 38p per share. West Med oil valued at minimum of 10p per share.

That's all based on the low end volumes specified in the D&M reports and conservative valuations on price per unit volume. It's all backed up with facts and figures on the thread.

Which adds up to a minimum asset value of 97p per share.

In addition, the chart is showing very strong buy signals.

Personally, I think it will test 1.00. If I can get more at 98p or 99p, fantastic.

I don't think it's the fundamentals that are the problem. I think it's the market sentiment towards "high risk" commodities stocks. Assuming inflation is happening, that will slow growth, and ultimately reduce demand for energy and raw materials. This won't happen overnight of course, but could start to appear over the next 12 months, and will then unfold over a number of years until it peaks and starts dropping again. Any company that could take years to bring it's commodity potential to market, may by then be in the midst of reducing demand. That assumes of course that the company doesn't hit any snags on the way (dry wells etc.), and of course can raise the necessary capital to continue trading. Higher interest rates also means higher debt servicing costs. In a strong bull market, people are happy to live with a little risk, knowing that some sound assets will eventually lead to production and corresponding revenue. Bear in mind too that a number of these companies have increased liquidity now, due to recent share placings. Extra liquidity means more holders are required to keep prices steady, and yet more again to raise them. If people start selling and the market outlook is poor, then those buying will only do so at a very heavy discount (what you might call the risk premium). Market makers in a stock have no choice but to buy and sell. That's what they do. The more they have to buy, the less they'll want to pay for it. I don't know what the true value of VOG or any of the other small O&G stocks is, but as I learned many years ago, it doesn't matter what I think, because it's only worth what somebody else will pay for it. Good luck to any that continue to hold. As ever, just my opinion......for what it's worth.

Strawbs.

VOG is not another Regal. I mentioned the thread on ADVFN re the values a few days ago that AT77 mentions. Nothing has changed except that the market has panicked. A report yesterday states that we will be using an extra 1.5 million barrels of oil a day by the year end, thats 86 million a day. Opec is pumping at capacity now. Gas isnt going to get any cheaper. As China and India become richer (their wages are climbing rapidly) their domestic market will accelerate and could more than take up the slack from an American slow down. America will just print more money to help their spending anyway like they always do. All VOG need to do is come up with some decent news, which i am sure they will. As I said in an earlier post in a couple of years VOG will be 10 a share. I think the MM's are having fun and are looking to fund their two weeks in the sun.

i posted this on the other b/board the other day, i spoke to kevin foo the drilling started on monday there will be an rns by the end of june regardless of what of the results show.

buckle up guys! I'm sure it'll be another rollercoaster day, up then down! although I really hope it just stays in the blue for once

Off subject: Eme the expected drilling at Glantal as stated from the previous RNS, is to start on or around 19th June. This not a definate date as possible delays are due to be announced, with ongoing rig schedule even further delayed. Initially the drilling time is between 15- 20 days , Therefore this should more extra problems for Eme, This could be by the end of June or early July.

I haven't heard of any delays in EME. I guess this is some rumour of scare-mongering. Keep it up, shadow.

Kevin Foo has a bad track record.

Sell while you still can.

Overvalued dog in my view.

it may have been overvalued a month ago at this stage of the companies development but now i would say it is considerably undervalued!. still hold my 2 year forecast of 500p.

500p !

LOL.

Keep taking the medication.

All oil/mining stocks are way overvalued.

About 60% overvalued say some analysts.

A bubble waiting to burst.