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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

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.

hope u r putting your money where your mouth is then and shorting heavily! ..... or are you just mouth?

cynic, I've seen a few people like onethedolegit on other message boards, in fact they all sound like the same person, just with nothing better to do than try and piss people off. just ignore him. onthedolegit...f*ck off you w*nker

don't worry old queen (sorry!) ..... such peeps do not worry me at all for it is a racing certainty that he has not backed his wind with hard cash ..... if he has, it is pretty certain that his testicles will be squeezed today as the market puts in a solid performance ..... however, also see my caveat on Dubious Sell-off

only thing i regret is not going in for more at 110p. I've no doubt voggy will bring home the bacon!

onthedolegit can you give more info about the Foo man? I read something about him in Evil Knievel's bear essentials a while back but have since flogged the book.

For general consumption and for what it's worth .... not from the horse's mouth, but from a reliable source nevertheless ...... it seems that one of the large broking houses put out the rumour that two of the test wells that VOG are drilling were dud and had been plugged, and hence the plunge ..... VOG says that is codswallop.

so that would mean we're in for a steep rise once the rns is released to confirm this, cynic. The current SP hopefully is just a reflection of people beliveing the rumours and should return to previous levels once those rumours are quashed

That's the plan anyway!

just keep your fingers crossed that the real news makes good reading ...... i am confident that we shall have an update by end June (or even on 31st), for VOG has promsied such ...... whether or not that says any more than "full evaluation still in hand" remains to be seen ...... for obvious reasons, everyone is still pretty shell-shocked from the last few weeks, but provided the market now stabilises, there may well be a steady rise in the price in anticipation.

Hello everyone. never posted here before.....but know cynic from another BB....Hi cynic.
onthedolegit seems to be saying the same things as someone on the ADVFN thread 2 days ago....that poster claimed that it was Peel Hunt who had fed him info that was derogatory to VOG and Mr Foo ( won't repeat it as I don't believe it). He has disappeared now!

It seems that a number of people on the other BB have emailed VOG regarding the sp. movement and this is one of the replies:

"Many thanks for getting in touch with us.

The recent share price activity is unfortunate and frustrating, but Victoria's share price decline whilst acute has not been abnormal amongst its peers. A great deal of speculation has emerged in anticipation of the test results from West Med and this has almost certainly exacerbated the effects of wider negative market sentiment in the junior resources sector.

Although the company cannot comment on the recent share price movements, we ask our investors to look at the underlying fundamentals. The only change since early May (when our share price was around 2.50/share) has been a resource update from D&M on the Danniella structure increasing total estimated resources from 500bcf to 518bcf and increasing contingent resources by five times. It should also be noted that Danniella is 1 of up to 26 identified subsurface structures and contributes only around 10% of the overall expected resource volumes for West Med of 5.6tcf of gas.

We fully appreciate how difficult the last few weeks have been for our investors, but I hope this gives you some comfort. Please dont hesitate to contact us again if you have any further questions"

Cynic - I've gone in for more and am holding tight.....can I assume you are doing the same then?