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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

Foo has a very dodgy past.

I would not buy into any company with this shark in charge.

Eurasia: Kazakhstan Squeezes In On BTC Pipeline Project

Oil-rich Kazakhstan today officially joined a major pipeline project to transport oil from Central Asia to the Mediterranean. The deal comes as the Baku-Tbilisi-Ceyhan (BTC) pipeline is set to be inaugurated in mid-July. The presidents of Kazakhstan and Azerbaijan sealed today's agreement in the Kazakh commercial capital, Almaty.


PRAGUE, June 16, 2006 -- Addressing reporters after the signing ceremony, Kazakh President Nursultan Nazarbaev said that the agreement marks a milestone in the history of Kazakh-Azerbaijani relations and in the development of the Caspian Sea basin.

It is a very important agreement, which took us a long time to finalize," Nazarbaev said. "Our specialists have done a good job and made this signature possible. It is difficult to overestimate the importance of this agreement, [because] Kazakhstan and Azerbaijan are considered the two main links in the [chain of] trade that exists between Central Asia and the Caspian region.

Azerbaijani President Ilham Aliyev said the deal testified to the good relations that exist between the Caspian coast neighbors.

Todays intergovernmental agreement between Kazakhstan and Azerbaijan, which provides that Kazakh oil will be shipped through the Baku-Tbilisi-Ceyhan pipeline, is yet another evidence of the high level of relations between our countries," Aliyev said.

Squeezing It Out

Under todays deal, Kazakh oil should be carried by tankers through the Caspian Sea to the Sangacal oil terminal, near Baku, and then pumped through the BTC to the Turkish Mediterranean port of Ceyhan.

The 1,770-kilometer pipeline has a planned annual capacity of 50 million tons, which would be just enough to carry Azerbaijans output meant for Western markets.

But industry officials say technical adjustments will make it possible to upgrade BTCs capacity by 50 percent to make room to Kazakh oil.

Aliyev suggested today that, if the need arose, it would be possible to even double the pipelines capacity.

Azerbaijani State Oil Company President Rovnaq Abdullayev told reporters in Almaty that, initially, 10 million tons of Kazakh oil should be shipped through BTC each year.

Kazakh Momentum

Nazarbaev noted that his country needs as many export outlets as possible, if only because its oil production is expected to continue increasing in the next 10 years.

"One can say that [todays agreement] is very profitable for us. As I keep saying, Kazakhstan's oil [and] Kazakhstan gas are worthless if they remain underground," Nazarbaev said. "Under market-economy circumstances, it is necessary to find ways to bring [this oil and gas] to world markets. With todays agreement, we have now the possibility of shipping our oil, first, through Russia, second, through China, [and] third, through the Caucasus region. Huge new [oil] facilities will start operating along the Caspian shore near Baku, Azerbaijan, and along our own Caspian shore."

On June 6, U.S. President George W. Bush sent Aliyev a letter, in which he expressed support to Kazakhstans bid to join the project.

The BTC is one of Washingtons long-term geopolitical endeavors in the Caspian region and one of two pet economic projects.

The other one is a projected natural gas pipeline that should eventually link Baku to the eastern Anatolian city of Erzurum, through Tbilisi.

The BTC and Baku-Tbilisi-Erzerum are designed to reduce the dependence of Caspian countries on Russias pipeline networks for their exports.

Moscow has long ceased actively opposing those projects. But it keeps saying they will not be profitable.

Meanwhile, preparations continue in Turkey in the run-up to the BTCs inauguration, which is schedule to take place on July 13.

Western media this week said that Turkish authorities have invited some 50 heads of state or government to attend the ceremony.

Here is a link that shows that other companies working in Russia have lost working days because of the extreme cold.........http://www.finanznachrichten.de/nachrichten-2006-05/artikel-6493800.asp

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would be nice to hear that onthedolegit had indeed heavily shorted VOG as he will currently have something of a sore head .... let's hope it lasts and lasts and lasts .... but very short odds that he is all wind

Hmm! Good day yesterday and firmly on the move again this morning ..... Let's all hope we do not end up disappointed - that is with the exception of onthedolegit

This would be an ideal time to release the RNS...

Good volume today, without being silly ...... I am quite sure VOG will make their announcement as soon as they have something confirmed to report

personally i think they must keep quite for the next few days and let the upward momentum continue and let it touch atleast 2 before releasing the news. that way the upside is higher. if they release now the share will shoot upto 2 or maybe 2.40 which is not that good considering it was 2.40 before the news. so relax and average down in the mean time since news should ideally be out withing 7 business days. 10 p gain a day is good for now.

real closing price was 155, though there seems to have been some silly after-bell auction nonsense which may make the closing price look like 140 ..... bet you won't be able to buy at that price tomorrow morning!

REUTER'S ARTICLE...........Surprised that this Reuters article has not been suppressed or derided by the Bush government. Bad news for us all unless you hold shares in oil and gas companies. Maybe part of the reason for today's rally in oil/gas shares:-

http://money.cnn.com/2006/06/20/markets/oil_intl_outlook.reut/index.htm

From,independent.co.uk
Victoria Oil & Gas shares were strong, against the market trend in smaller oil exploration and production stocks, helped by the Russian investor Glengary Overseas building a significant stake in the rival JKX Oil & Gas. Victoria climbed 14.25p to 154.75p on decent volume. Recent activity at the group's Siberian wells has been hampered by bad weather but traders are betting the mud will clear in the Russian summer and the company will get back on track sooner rather than later. JKX was the leading FTSE 250 gainer, adding 30.5p to close at 404p.

http://news.independent.co.uk/business/analysis_and_features/article1093543.ece

Thanks chuckie for this...
Let's hope the mud clears quickly...... good start to the day this morning !

Indeed ... some strange but sharp flurries to sp though it has now settled back to 163 (+8p) after 171.

Looks pretty similar to yesterday (apart from the initial slump). A spike in the morning followed by a slow but steady rise

dthomson, an interesting article, although I think the EIA was perhaps a little too hasty in its dimisaal of alternative fuel/energy sources, which will gain prominence due to market forces if the price of oil remains high.

Nice recovery on VOG - I trust this will continue as positive drilling news comes out.

There are some very strange things going on with sp today, for which there is no logical explanation or even any news ....... volumes are pretty average, but price opened at about 173, drifted down to 163, suddenly dived to 147 and is now recovering again (152)

Having risen for several days now, it wouldn't surprise me if some people are thinking of shorting (given that a share price rarely goes up and up and up). If the shorts then subsequent longs are big enough, it'll probably cause some strange price movements, while the orders on the book get shuffled around. I suspect the price will go down.......eventually. If people are buying for a quick buck, then even a good RNS may well see a sell-off. In my opinion anyway.....

Strawbs.

I would tend to agree with you if the current price had got ahead of itself. However, sp was basically smacked from about 250 down to 120 because of some over-optimism + general market fallout and a (warranted and explained) delay in the expected report. Now the price is back to say 160 mid, it would be a brave man to short, with upside surely far outweighing the down.

Maybe. I get the feeling that the money is moving around in some of these O&G stocks at the moment though, simply chasing the next RNS. I noticed a sell-off in MRP and CHP after RNS's, and they have been trending down the last few days while VOG's been going up. It wouldn't surprise me if people are cashing in on one set of stocks, to chase the money and get back losses sustained over the last few weeks elsewhere. Plus I don't think you can trust the market to do the "right thing" at the moment. In my opinion anyway....... Oh. And of course not to mention, we have certain interest rate activity just around the corner....

Strawbs.

Just for the record, I hold CHP, MRP and VOG.

CHP
I did not think their RNS was anything to get that excited about, though as a long-term hold it may well prove very profitable.

MRP
IMO, this stock is now ridiculously underpriced, not only in the light of their latest RNS, but also taking into account the article on oilbarrel. In fact, sp hardly flickered either in the anticipation or the actuality of the latest RNS.

VOG
Seems to have a pretty impressive track record of issuing sensible statements, fully supported by qualified 3rd party assessors. The one now awaited should, one hopes, solidly underline the extent of what is said to be more than a tasty reserve in anyone's language. Whether that RNS comes up to scratch and/or leads to significant profit-taking remains to be seen. IMO, on the reasonable assumption that the report is indeed good, then profit-taking should be minimal if at all.